Recent Updates — NP

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.

Neptune Insurance Holdings Inc. expanded its Board of Directors from six to seven members and elected David Noble as a new independent Class I director, effective September 30, 2026. His term expires at the 2029 annual meeting. As compensation, Mr. Noble received a grant of 28,704 restricted stock units vesting over three years. This company operates in the insurance industry.

Neptune Insurance Holdings Inc. reported record second quarter 2026 financial results, with revenue increasing 32.8% year-over-year to $55.9 million. Net income rose 35.9% to $15.8 million, while adjusted net income grew 55.3% to $22.6 million. Adjusted EBITDA reached a record $34.5 million, representing a 36.5% increase and a 61.7% margin. Written premium grew 31% to $126.9 million, and the lifetime written loss ratio improved to 19.5%. Based on these results, the company raised its full-year 2026 revenue guidance to $199 million and expects an adjusted EBITDA margin between 60% and 61%. Neptune Insurance Holdings is an insurance technology company providing AI-native flood insurance products.