Palomar Holdings, Inc., commonly referred to as Palomar, is a prominent player in the insurance industry, headquartered in the United States. Founded in 2014, the company has rapidly established itself as a leader in providing innovative property insurance solutions, particularly in high-risk areas prone to natural disasters.
With a focus on technology-driven underwriting and claims management, Palomar offers unique products such as earthquake and flood insurance, setting it apart from traditional insurers. The company operates primarily in regions vulnerable to seismic and weather-related events, ensuring that homeowners and businesses have access to essential coverage.
Palomar's commitment to customer-centric service and its strategic growth initiatives have positioned it as a notable contender in the insurance market, earning recognition for its rapid expansion and robust financial performance.
-6 vs industry average
Palomar Holdings’s score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Palomar Holdings's reported carbon emissions
In 2023, Palomar Holdings reported total carbon emissions of approximately 14,387,000 kg CO2e. This figure includes Scope 1 emissions of about 97,000 kg CO2e, Scope 2 emissions of approximately 52,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 14,238,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of approximately 6,768,880 kg CO2e, with Scope 1 emissions at about 98,110 kg CO2e, Scope 2 emissions at approximately 143,710 kg CO2e, and Scope 3 emissions reaching around 6,527,060 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023. Palomar Holdings has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported by Palomar Holdings, Inc. Overall, while Palomar Holdings has made strides in reporting its emissions, the absence of reduction targets suggests an opportunity for further commitment to climate action.
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Palomar Holdings’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Palomar Holdings yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Palomar Holdings
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