Mac Armstrong

Mac Armstrong is a prominent figure in the insurance industry, serving as the Chairman of the Board and Chief Executive Officer of Palomar Holdings, Inc. (NASDAQ: PLMR), a company he founded in 2014. Under his leadership, Palomar has focused on providing property and casualty insurance, particularly in earthquake-prone regions such as California and Oregon.13

Background and Education

Mac Armstrong earned his Bachelor of Arts degree in History from Princeton University in 1997. Before founding Palomar, he held significant positions at Arrowhead General Insurance Agency, where he served as President and Chief Operating Officer from 2011 to 2013. His career also includes roles at Spectrum Equity Investors and Alex. Brown & Sons, where he gained extensive experience in finance and insurance.234

Career Highlights

• Founder & CEO of Palomar Holdings, Inc.: Since February 2014, Armstrong has been pivotal in steering the company towards growth and innovation in the insurance sector.
• Chairman of the Board: He has held this position since May 2020, overseeing strategic decisions at the board level.23
• Former President & COO of Arrowhead General Insurance Agency: Armstrong led the company until its acquisition by Brown & Brown, Inc. in 2012.14

Financial Insights

As of 2024, Mac Armstrong's net worth is estimated to be around $49 million. He holds approximately 494,470 shares of Palomar Holdings, representing about 1.89% of the company.14 His recent stock transactions indicate active engagement with the company's financial performance, including a notable sale of shares to meet tax obligations.5

Personal Details

Armstrong is based in San Diego County, California, and maintains a professional network with over 500 connections on LinkedIn.2 His leadership has been instrumental in positioning Palomar as a key player in its market niche.