Earnings ·
Neptune Insurance posts record Q3 revenue of $59.6M as CFO Jim Steiner resigns
NPNeptune Insurance Holdings Inc.
Neptune Insurance Holdings Inc. reported third-quarter 2026 results with revenue growing 34% to a record $59.6 million and net income increasing 50% to $17.3 million. Adjusted EBITDA rose 38% to a record $36.8 million, supported by written premium growth of 31% to $132.7 million. The company raised its full-year 2026 revenue guidance to $204 million and provided initial 2027 guidance of $238 million. Concurrently, Chief Financial Officer Jim Steiner resigned effective after the filing of the annual report for fiscal year 2026. Board member Cristian Melej was appointed as the new CFO, principal financial officer, and principal accounting officer. Neptune Insurance Holdings Inc. is an AI-native managing general agent offering residential and commercial flood insurance products.