Palomar Holdings Inc

Common Name
Palomar Holdings
Country
United States
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
253
Ticker
PLMR
Exchange
NASDAQ/NGS
Website
plmr.com
Description
Palomar Holdings Inc. is a specialty insurance company that focuses on providing tailored insurance products for residential and commercial clients. The company's primary function is to underwrite cat...

Palomar Holdings's GHG Emissions Data Preview

In 2024, Palomar Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Palomar Holdings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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b
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b
0000000
Total Scope 3
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Palomar Holdings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Palomar Holdings’s data sources below and access millions more through our Disclosure Search.

a. Palomar Holdings's GRI index 2024
a. Palomar Holdings's GRI index 2024
b. Palomar Holdings's Sustainability Report 2023
b. Palomar Holdings's Sustainability Report 2023

Insights into Palomar Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Palomar Holdings amounted to 926 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Palomar Holdings increased by 521.48%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Palomar Holdings's Scope 1 Emissions Over Time

202220232024060120180240tCO2e-1%+129%
  • Total Scope 1
  • Year-over-Year Change

What are Palomar Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Palomar Holdings were 222 metric tons of CO₂ equivalent (tCO₂e). a

Has Palomar Holdings reduced its Scope 1 emissions over time?

Since 2022, Palomar Holdings's Scope 1 emissions have increased by 126.53%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Palomar Holdings's Scope 1 emissions increased by 128.87%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Palomar Holdings's Scope 2 emissions?

In 2024, Palomar Holdings reported Scope 2 greenhouse gas (GHG) emissions of 704 tCO₂e without specifying the calculation method. a

Has Palomar Holdings reduced its Scope 2 emissions over time?

Since 2022, Palomar Holdings's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 1,443.86%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Palomar Holdings's Scope 2 emissions (Unspecified Calculation Method) rose by 1,253.85% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b

What methodology does Palomar Holdings use for Scope 2 reporting?

In 2024, Palomar Holdings reported its Scope 2 emissions using an unspecified methodology. a

Palomar Holdings's Scope 2 Emissions Over Time

2022202320240200400600800tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Palomar Holdings's Value Chain Emissions

In 2024, Palomar Holdings reported 14,666 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Palomar Holdings includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Palomar Holdings's Scope 3 Emissions Over Time

20222023202404 k8 k12 k16 ktCO2e+1%+3%
  • Total Scope 3
  • Year-over-Year Change

What are Palomar Holdings's Scope 3 emissions?

In 2024, Palomar Holdings reported total Scope 3 emissions of 14,666 metric tons of CO₂ equivalent (tCO₂e). a

Has Palomar Holdings reduced its Scope 3 emissions over time?

Since 2022, Palomar Holdings's Scope 3 emissions have remained relatively stable, indicating that Palomar Holdings 's emissions have plateaued with no significant change in its value chain footprint. a b

Compared to the previous year (2023), Palomar Holdings's Scope 3 emissions remained relatively stable, indicating that Palomar Holdings 's emissions have plateaued with no significant change in its value chain footprint. a b

Insights into Palomar Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Palomar Holdings reported Scope 1 greenhouse gas (GHG) emissions of 222 tCO₂e and total revenues of USD 554 millions. This translates into an emissions intensity of 0.4 tCO₂e per millions USD. a

Palomar Holdings's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000100,000Scope 1 Emissions (tCO2e)1001,0005,00020,000200,000Revenues (Millions of USD)AHanover Insurance GroupYear: 2022Scope 1: 5,023 tCO2eRevenue: $M 5,433Scope 1 Intensity: 0.92 tCO2e/$MPJT PartnersYear: 2023Scope 1: 298 tCO2eRevenue: $M 1,153Scope 1 Intensity: 0.26 tCO2e/$MAllstateYear: 2024Scope 1: 17,485 tCO2eRevenue: $M 64,118Scope 1 Intensity: 0.27 tCO2e/$MSLMYear: 2023Scope 1: 157 tCO2eRevenue: $M 1,809Scope 1 Intensity: 0.09 tCO2e/$MMarketaxess HoldingsYear: 2024Scope 1: 177 tCO2eRevenue: $M 817Scope 1 Intensity: 0.22 tCO2e/$MAAArtisan PartnersYear: 2024Scope 1: 106 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.10 tCO2e/$MW R BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MAssurantYear: 2024Scope 1: 1,282 tCO2eRevenue: $M 11,881Scope 1 Intensity: 0.11 tCO2e/$MEnact HoldingsYear: 2024Scope 1: 196 tCO2eRevenue: $M 1,205Scope 1 Intensity: 0.16 tCO2e/$MHartford Insurance GroupYear: 2023Scope 1: 6,767 tCO2eRevenue: $M 24,333Scope 1 Intensity: 0.28 tCO2e/$MRadian GroupYear: 2024Scope 1: 35 tCO2eRevenue: $M 1,290Scope 1 Intensity: 0.03 tCO2e/$MBancorpYear: 2023Scope 1: 304 tCO2eRevenue: $M 466Scope 1 Intensity: 0.65 tCO2e/$MRLIYear: 2023Scope 1: 304 tCO2eRevenue: $M 1,524Scope 1 Intensity: 0.20 tCO2e/$MTradeweb MarketsYear: 2023Scope 1: 23 tCO2eRevenue: $M 1,337Scope 1 Intensity: 0.02 tCO2e/$MPiper Sandler CompaniesYear: 2023Scope 1: 455 tCO2eRevenue: $M 1,300Scope 1 Intensity: 0.35 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MCincinnati FinancialYear: 2023Scope 1: 14,066 tCO2eRevenue: $M 10,013Scope 1 Intensity: 1.40 tCO2e/$MPacific Premier BancorpYear: 2023Scope 1: 514 tCO2eRevenue: $M 409Scope 1 Intensity: 1.26 tCO2e/$MBannerYear: 2023Scope 1: 1,254 tCO2eRevenue: $M 616Scope 1 Intensity: 2.04 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MAffiliated Managers GroupYear: 2022Scope 1: 601 tCO2eRevenue: $M 2,329Scope 1 Intensity: 0.26 tCO2e/$MFreedom HoldingYear: 2024Scope 1: 1,541 tCO2eRevenue: $M 1,635Scope 1 Intensity: 0.94 tCO2e/$MProgressiveYear: 2023Scope 1: 31,662 tCO2eRevenue: $M 62,082Scope 1 Intensity: 0.51 tCO2e/$MPalomar HoldingsYear: 2024Scope 1: 222 tCO2eRevenue: $M 554Scope 1 Intensity: 0.40 tCO2e/$M

How does Palomar Holdings's GHG emissions intensity compare to its peers?

In 2024, Palomar Holdings reported a Scope 1 emissions intensity of 0.4 tCO₂e per millions USD. Compared to the peer group median of 0.28 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Palomar Holdings rank on GHG emissions intensity within its industry?

In 2024, Palomar Holdings ranked 14 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Palomar Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Palomar Holdings's Total Carbon Footprint

In 2024, Palomar Holdings reported a total carbon footprint of 15,592 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.38% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Palomar Holdings's total carbon footprint was Scope 3 emissions, accounting for 94.06% of the company's total carbon footprint, followed by Scope 2 emissions at 4.52%. a

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