Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Cover [Abstract] | |
Document Type | DEF 14A |
Entity Registrant Name | Palomar Holdings, Inc. |
Entity Central Index Key | 0001761312 |
Amendment Flag | false |
Pay vs Performance Disclosure
Pay vs Performance Disclosure | 12 Months Ended | |||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | ||
Pay vs Performance Disclosure [Table] | ||||
Pay vs Performance [Table Text Block] | (1) (2) (1) (2) (3) (4) (4) (5) Value of $100 Investment Year Summary Total for CEO (1) Compensation (2) Average (1) Compensation (2)(3) PLMR (4) Comparator (4) Net Income Company (5) 2022 3,000,327 (1,497,733) 774,572 519,793 71.90 66.11 51,170 18.3% 2021 19,246,249 16,982,053 3,486,487 2,279,277 73.34 115.70 45,847 13.8% 2020 1,063,612 5,720,732 686,310 1,683,012 183.44 100.42 6,257 3.0% | |||
Named Executive Officers, Footnote [Text Block] | Represents the dollar amounts of total compensation reported for our CEO, Mr. Armstrong | |||
PEO Total Compensation Amount | [1] | $ 3,000,327 | $ 19,246,249 | $ 1,063,612 |
PEO Actually Paid Compensation Amount | [2] | (1,497,733) | 16,982,053 | 5,720,732 |
Non-PEO NEO Average Total Compensation Amount | [1] | 774,572 | 3,486,487 | 686,310 |
Non-PEO NEO Average Compensation Actually Paid Amount | [2],[3] | $ 519,793 | 2,279,277 | 1,683,012 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | and the average dollar amounts of total compensation reported for our non-CEO NEOs in the Summary Compensation Table for the fiscal years 2022, 2021 and 2020, respectively. For 2022, our non-CEO NEOs were Chris Uchida, Jon Christianson, Jon Knutzen, Angela Grant, Michelle Johnson and Heath Fisher. For 2021, our non-CEO NEOs were Chris Uchida, Jon Christianson, Jon Knutzen and Heath Fisher. For 2020, our non-CEO NEOs were Chris Uchida, Jon Christianson, Heath Fisher, and Bill Bold. | |||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | ||||
Compensation Actually Paid vs. Net Income [Text Block] | ||||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | ||||
Tabular List [Table Text Block] | Pay-for-Performance Alignment The following table identifies the four most important financial performance measures used by our Compensation Committee to link the “compensation actually paid” (CAP) Financial Performance Metrics (1) Adjusted Net Income Pre-Cat Adjusted Net Income Gross Written Premiums Adjusted ROE (1) Adjusted Net Income (ANI), Pre-Catastrophe ANI and Adjusted ROE are non-GAAP financial measure; see Reconciliation of Non-GAAP Financial Measures in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2022. | |||
Total Shareholder Return Amount | [4] | $ 71.90 | 73.34 | 183.44 |
Peer Group Total Shareholder Return Amount | [4] | 66.11 | 115.70 | 100.42 |
Net Income (Loss) | $ 51,170,000 | $ 45,847,000 | $ 6,257,000 | |
Company Selected Measure Amount | [5] | 18.03 | 13.08 | 3 |
PEO Name | Mr. Armstrong | |||
Measure [Axis]: 1 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | [6] | Adjusted Net Income | ||
Measure [Axis]: 2 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | [6] | Pre-Cat Adjusted Net Income | ||
Measure [Axis]: 3 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | [6] | Gross Written Premiums | ||
Measure [Axis]: 4 | ||||
Pay vs Performance Disclosure [Table] | ||||
Measure Name | [6] | Adjusted ROE | ||
PEO [Member] | Reported Value of Equity Awards for CEO | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | [7] | $ (1,337,771) | $ (17,596,208) | $ (450,654) |
PEO [Member] | Equity Award Adjustments for CEO | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | [8] | (3,160,289) | 15,332,012 | 5,107,774 |
PEO [Member] | As of year-end for awards granted during the year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 1,493,399 | 15,448,189 | 386,901 | |
PEO [Member] | Y-o-Y increase/(decrease) of unvested awards from prior years | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (4,442,989) | (63,849) | 1,521,374 | |
PEO [Member] | Increase/(decrease) from prior fiscal year-end of awards vested during the year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (210,699) | (52,335) | 3,199,498 | |
Non-PEO NEO [Member] | As of year-end for awards granted during the year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | 319,133 | 1,871,865 | 470,453 | |
Non-PEO NEO [Member] | Y-o-Y increase/(decrease) of unvested awards from prior years | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (424,595) | (185,648) | 297,807 | |
Non-PEO NEO [Member] | Increase/(decrease) from prior fiscal year-end of awards vested during the year | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | (6,379) | (45,886) | 626,291 | |
Non-PEO NEO [Member] | Average Equity Award Adjustments for Non-CEO NEOs | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | [9] | (142,938) | (2,847,541) | (397,849) |
Non-PEO NEO [Member] | Average Reported Value of Equity Awards for Non-CEO NEOs | ||||
Pay vs Performance Disclosure [Table] | ||||
Adjustment to Compensation Amount | [10] | $ (111,842) | $ 1,640,330 | $ 1,394,551 |
[1] Represents the dollar amounts of total compensation reported for our CEO, Mr. Armstrong and the average dollar amounts of total compensation reported for our non-CEO NEOs in the Summary Compensation Table for the fiscal years 2022, 2021 and 2020, respectively. For 2022, our non-CEO NEOs were Chris Uchida, Jon Christianson, Jon Knutzen, Angela Grant, Michelle Johnson and Heath Fisher. For 2021, our non-CEO NEOs were Chris Uchida, Jon Christianson, Jon Knutzen and Heath Fisher. For 2020, our non-CEO NEOs were Chris Uchida, Jon Christianson, Heath Fisher, and Bill Bold. |