New Risk • Jul 22
New minor risk - Financial position The company has negative equity. Total equity: -US$222m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$222m). Minor Risk Ankündigung • Jul 12
Neptune Insurance Holdings Inc. to Report Q2, 2026 Results on Jul 21, 2026 Neptune Insurance Holdings Inc. announced that they will report Q2, 2026 results After-Market on Jul 21, 2026 Ankündigung • Jun 26
Neptune Insurance Holdings Raises Building Coverage Limits And Expands Flood Insurance Coverage Options Neptune Insurance Holdings Inc. has increased building coverage limits to $15 million across all primary and excess flood policies while introducing new and enhanced coverages for residential, commercial, and residential condominium building association (RCBAP) policyholders. The new $15 million building limit is available across residential, commercial, and RCBAP policies, allowing agents to insure more properties at their full replacement value. Residential coverage limits were previously capped at $7 million. Neptune has introduced or expanded several coverages across its product portfolio, including Business Interruption coverage up to $1 million, increased from $500,000. Loss of Rental Income coverage for apartment properties up to $1 million, increased from $500,000. Outdoor Trees, Shrubs, and Plants coverage of up to $2,500 for residential properties and $5,000 for commercial and RCBAP properties. RCBAP Renewal Price Protection, allowing condominium associations to lock in renewal pricing for greater budgeting certainty. These enhancements reflect Neptune's continued investment in expanding the private flood insurance capacity, giving agents more flexibility to protect residential and commercial properties of all sizes. Live-News • Jun 26
Neptune Insurance Lifts Flood Coverage to $15 Million and Expands Policy Options Neptune Insurance Holdings has lifted building coverage limits to $15 million across all primary and excess flood policies and broadened its product line, adding options such as higher business interruption and loss of rental income coverage, outdoor trees and plants coverage, and renewal price protection for condominium associations.
The higher limit applies to residential, commercial and residential condominium association policies, allowing agents to insure more properties at what the company describes as full replacement value, which could make Neptune’s private policies more competitive against alternative flood offerings.
Neptune Insurance shares trade at $29.97, with the stock up 30.1% over the past 90 days, putting extra attention on how expanded coverage and higher potential exposure are reflected in underwriting, pricing and reinsurance arrangements.
The bigger coverage limits and new options widen Neptune Insurance’s addressable market but also increase potential claim severity. For investors, a key issue is how effectively the company prices and reinsures this added risk. Buy Or Sell Opportunity • Jun 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to US$29.72. The fair value is estimated to be US$24.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Meanwhile, the company became loss making. Ankündigung • May 24
Neptune Insurance Holdings, Inc. Launches Atlas+ AI-Powered Platform Experience for Insurance Agents Neptune Insurance Holdings Inc. announced the nationwide launch of Atlas+, Neptune’s new AI-powered platform experience for insurance agents. Atlas+ is designed to help agents become flood insurance sales experts by bringing generative AI directly into the Neptune Agent Portal. Beginning this week, agents using Neptune will be able to use Atlas+ to generate customer-ready sales scripts, draft personalized emails, compare coverage and deductible options, receive quote-specific talking points, and interact with live quotes in natural language, including through dictation. The initial rollout embeds Atlas+ directly into the quote screen, giving agents real-time support at the point of sale. Instead of navigating multiple screens or manually searching for property and coverage information, agents can ask Atlas+ questions about the quote, request recommendations, or generate customer-facing explanations tailored to the specific property. Atlas+ builds on Neptune’s technology-first approach to flood insurance. Neptune’s platform has processed tens of millions of quotes and more than one million policies, creating a proprietary foundation of real-world underwriting, pricing, and behavioral data. Atlas+ uses this foundation to help agents better understand flood risk, explain coverage options, and guide customers through a purchase that can often feel complex or unfamiliar. The launch also marks the beginning of a broader expansion of Atlas+ across Neptune’s Agent Portal. In the coming weeks and months, Neptune plans to extend the underlying Atlas+ technology across additional workflows, allowing agents to run tasks agentically, better understand their portfolios, access more data, and take advantage of the datasets that power Neptune’s AI-native system. Atlas+ is not simply a chatbot or a feature. It is the beginning of a new interaction layer across the Neptune platform. Today, Atlas+ helps agents sell and service flood insurance more effectively inside the quote experience. Over time, it is expected to become the underlying heartbeat of the Agent Portal, helping agents manage their business, understand their customers, and unlock the full power of Neptune’s data. Atlas+ is part of Neptune’s broader strategy to use AI to reduce friction in flood insurance distribution, improve risk awareness, and expand access to private flood insurance. Millions of property owners across the United States remain uninsured for flood risk, often because the buying process is misunderstood, overly complex, or overlooked entirely. By equipping agents with better tools, Neptune believes Atlas+ can help close that knowledge gap and support broader adoption of flood insurance coverage. Atlas+ is now available nationwide to insurance agents using Neptune. Live-News • May 20
Neptune Insurance Holdings Prices US$27.50 Secondary Offering With Share Count Reduction Neptune Insurance Holdings priced a public offering of 11,317,604 Class A shares at US$27.50 per share, all sold by existing securityholders in a secondary transaction.
The company will not receive proceeds from the offering but plans to repurchase and retire 984,140 shares from the underwriters as part of a concurrent share buyback.
Neptune reports having surpassed 300,000 flood insurance policies in force as it continues to expand access to flood coverage.
The key angle here is that ownership is shifting among shareholders while Neptune slightly reduces its share count through the repurchase, rather than raising new capital for the business.
Investors may want to focus on how the reduced float and growing policy base interact with Neptune’s longer term capital needs and any future disclosures on underwriting performance and risk exposure in flood insurance. Ankündigung • May 14
Neptune Insurance Holdings Inc. has completed a Follow-on Equity Offering in the amount of $270.638363 million. Neptune Insurance Holdings Inc. has completed a Follow-on Equity Offering in the amount of $270.638363 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 9,841,395
Price\Range: $27.5 Ankündigung • May 13
Neptune Insurance Holdings Inc. has filed a Follow-on Equity Offering. Neptune Insurance Holdings Inc. has filed a Follow-on Equity Offering.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 7,520,054
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 835,561 Buy Or Sell Opportunity • May 07
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to US$30.47. The fair value is estimated to be US$24.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Meanwhile, the company became loss making. Reported Earnings • Apr 26
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: US$0.053 (up from US$0.049 in 1Q 2025). Revenue: US$37.8m (up 29% from 1Q 2025). Net income: US$7.35m (up 62% from 1Q 2025). Profit margin: 19% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Insurance industry in the US. Ankündigung • Apr 23
Neptune Insurance Holdings Inc. (NYSE:NP) announces an Equity Buyback for $100 million worth of its shares. Neptune Insurance Holdings Inc. (NYSE:NP) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its Class A Common Stock. The Company may fund repurchases through cash from operations or, from time to time, by drawing upon its existing revolving credit facility, subject to the terms and conditions thereof and applicable law. The Repurchase Program has no expiration date. Ankündigung • Apr 21
Neptune Insurance Holdings Inc., Annual General Meeting, May 28, 2026 Neptune Insurance Holdings Inc., Annual General Meeting, May 28, 2026. Board Change • Apr 20
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CFO, Secretary & Director Jim Steiner is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 14
Neptune Insurance Holdings Inc. to Report Q1, 2026 Results on Apr 22, 2026 Neptune Insurance Holdings Inc. announced that they will report Q1, 2026 results After-Market on Apr 22, 2026 New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$227m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Buy Or Sell Opportunity • Mar 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to US$18.19. The fair value is estimated to be US$23.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Meanwhile, the company became loss making. Ankündigung • Mar 12
Neptune Flood Launches Digital Flood Insurance App in ChatGPT Neptune Flood announced the launch of its digital flood insurance app in ChatGPT. The new app enables property owners to receive real-time preliminary Neptune flood insurance quotes directly within ChatGPT. The launch expands how consumers access flood insurance nationwide. Property owners can now ask questions about coverage and receive an instant preliminary quote through a conversational AI experience, simplifying how protection is understood and purchased. This builds on Neptune’s existing direct-to-consumer, real-time quoting infrastructure available at neptuneflood.com and through the websites of its agency distribution partners as an embedded quoting assistant. Flood risk affects communities in every state, yet many property owners remain uninsured or underinsured. By meeting consumers within new digital environments, the company is helping close the flood insurance gap. Neptune is available in all 50 states and the District of Columbia. As of year-end, the company had more than 280,000 policies in force, providing residential and commercial protection to property owners nationwide. Through the Neptune Flood app in ChatGPT, consumers can ask questions about flood risk, receive a real-time preliminary quote, explore options in plain language, and seamlessly transition to neptuneflood.com to complete their purchase. The app complements Neptune’s nationwide network of independent agents and digital partners, as well as its existing instant online quoting platforms. Customers can choose the channel that works best for them while receiving the same fast, digital underwriting experience. Reported Earnings • Feb 27
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: US$0.26 loss per share (down from US$1.58 profit in FY 2024). Revenue: US$159.6m (up 34% from FY 2024). Net loss: US$27.2m (down 285% from profit in FY 2024). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Insurance industry in the US. Recent Insider Transactions • Feb 25
Independent Director recently bought US$494k worth of stock On the 20th of February, Michael Vostrizansky bought around 23k shares on-market at roughly US$21.50 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Ankündigung • Feb 13
Neptune Insurance Holdings Inc. to Report Q4, 2025 Results on Feb 18, 2026 Neptune Insurance Holdings Inc. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Buy Or Sell Opportunity • Feb 12
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to US$17.14. The fair value is estimated to be US$23.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.0% to US$29.26. The fair value is estimated to be US$23.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Dec 18
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at US$29.00. The fair value is estimated to be US$23.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Meanwhile, the company became loss making. Reported Earnings • Nov 14
Third quarter 2025 earnings released Third quarter 2025 results: EPS: US$0.059. Net income: US$5.49m (up US$5.49m from 3Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Ankündigung • Nov 13
Neptune Insurance Holdings Inc. Provides Earnings Guidance for the Full Year 2026 Neptune Insurance Holdings Inc. provided earnings guidance for the full year 2026. For the full year 2026, the Company expects to achieve revenue of $186 million to $189 million. Ankündigung • Nov 05
Neptune Insurance Holdings Inc. to Report Q3, 2025 Results on Nov 12, 2025 Neptune Insurance Holdings Inc. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Buy Or Sell Opportunity • Oct 24
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at US$26.37. The fair value is estimated to be US$21.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Meanwhile, the company became loss making. Board Change • Oct 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Founder & Chairman Jim Albert was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 01
Neptune Insurance Holdings Inc. has completed an IPO in the amount of $368.42106 million. Neptune Insurance Holdings Inc. has completed an IPO in the amount of $368.42106 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 18,421,053
Price\Range: $20
Discount Per Security: $1.25
Transaction Features: Reserved Share Offering; Sponsor Backed Offering 
