Palomar Holdings: Pay

Palomar Holdings paid its 5 named executives $18.6M in total in FY2025 (Dec). CEO Mac Armstrong was paid $9.0M of that.

Pay$100 in the stock at the end of FY20 → $152
CEO pay is from each proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Pay of each named executive

Mac ArmstrongChief Executive Officer and Chairman of the Board
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Christopher UchidaChief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Jon ChristiansonPresident
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
4 years
Jonathan KnutzenChief Risk Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)Not disclosed
FY2021 (Dec)Not disclosed
5 years
Rodolphe HervéChief Operating Officer
FY2025 (Dec)
FY2024 (Dec)
2 years

CEO pay against the pay peers

In FY2024 (Dec), the median CEO pay of the 4 peers with pay on file was $6.7M. The CEO of Palomar Holdings was paid $5.5M, 18% below the median.

  1. 1HCI Group
  2. 2Kinsale Capital Group
  3. 3Rli
  4. 4Palomar Holdings
  5. 5Lemonade
  6. 6Amerisafe, Inc.Not disclosed
  7. 7Donegal GroupNot disclosed
  8. 8Global IndemnityNot disclosed
  9. 9Goosehead InsuranceNot disclosed
  10. 10Heritage InsuranceNot disclosed
  11. 11Hippo HoldingsNot disclosed
  12. 12James River GroupNot disclosed
  13. 13NI HoldingsNot disclosed
  14. 14ProAssurance Corp.Not disclosed
  15. 15Safety Insurance GroupNot disclosed
  16. 16Skyward Specialty Insurance GroupNot disclosed
  17. 17Universal Insurance HoldingsNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.