olivLaw · US equity research
Neptune Insurance Holdings Inc. NP
Insurance Agents, Brokers & Service · SIC 6411 · Vertical: Insurance Agents, Brokers & Service (SIC 6411)
Neptune is a data-driven MGA that distributes flood insurance through US agencies without taking balance sheet risk, transferring it to capacity providers. The company reported revenue of 159.6 million USD in 2025, at a time when NFIP, its main competitor, is reshaping its pricing through Risk Rating 2.0.
At the close of 04 Nov 2026, Neptune Insurance Holdings Inc. (NP) stock was 28.55 USD (−2.39% on the day), with market capitalisation 2.7 bn USD, P/E 91.6 on diluted EPS of 0.31 USD over the last 12 months, dividend yield 0.00%, beta 0.19, 52-week range 17.14–35.11 USD. Latest reported quarter (Q3 2026): revenue of 59.6 m USD (+34.3% YoY), net income of 17.3 m USD (+49.9% YoY), diluted EPS 0.12 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 45.6
- neutral
- Bollinger (20, 2)
- 28.14 – 29.80
- in the lower half of the band · %B 0.25 · band width 5.7%
- SMA 50 / 200
- 29.69 / 27.51
- mixed trend
- MACD (12, 26, 9)
- -0.05 / -0.12
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +5.3% | −1.1% | +6.4 pp | — |
| 3 months | −13.0% | −0.5% | −12.5 pp | — |
| 6 months | +14.3% | +4.4% | +9.9 pp | — |
| Year to date | −2.1% | +12.3% | −14.4 pp | — |
| 1 year | +12.3% | +13.5% | −1.2 pp | −3.9% |
| 3 years | unavailable | +76.4% | unavailable | +3.6% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31.5 m | 29.4 m | 42.1 m | 44.4 m | 43.8 m | 37.8 m | 55.9 m | 59.6 m |
| Operating income | 18.4 m | 15.6 m | 21.3 m | 20.7 m | 13.3 m | 13.4 m | 26.6 m | 28.0 m |
| Depreciation & amortisation | — | — | — | 948.0 k | — | — | — | — |
| Interest expense | 3.1 m | 2.4 m | 5.9 m | 5.5 m | 4.5 m | 3.5 m | 3.6 m | 3.6 m |
| Pre-tax income | 15.5 m | 13.4 m | 15.7 m | 15.5 m | 9.1 m | 10.1 m | 23.2 m | 24.7 m |
| Income tax | 3.9 m | 3.5 m | 4.0 m | 4.0 m | 4.8 m | 2.7 m | 7.4 m | 7.5 m |
| Net income | 11.6 m | 9.9 m | 11.6 m | 11.5 m | 4.3 m | 7.3 m | 15.8 m | 17.3 m |
| Diluted EPS | 0.12 ≈ | 0.05 | -0.49 | 0.06 | 0.03 ≈ | 0.05 | 0.11 | 0.12 |
| Operating cash flow | 14.7 m | 14.3 m | 8.6 m ≈ | 16.0 m ≈ | 12.8 m | 16.7 m | 26.7 m ≈ | 25.9 m ≈ |
| Dividends paid | — | — | — | 0 ≈ | 0 | — | — | 0 ≈ |
| Share repurchases | — | — | — | 0 ≈ | — | — | — | 4.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 50 percentile of its own 2-quarter history (min 87.8, median 106.5, max 125.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 84.9 m | 119.3 m | 159.6 m |
| Revenue YoY | unavailable | +40.6% | +33.7% |
| Net income | 17.9 m | 34.6 m | 37.4 m |
| Net income YoY | unavailable | +93.4% | +8.2% |
| Diluted EPS | 0.10 | 0.16 | -0.26 |
| Diluted EPS YoY | unavailable | +60.0% | −262.5% |
| net % | 21.1% | 29.0% | 23.4% |
| Free cash flow | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 8.0 m USD
- Financial debt
- 0 USD
- Net debt
- -8.0 m USD
- Equity
- -227.5 m USD
- Total assets
- 65.3 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.99x
- ROE
- unavailable
- ROA
- 66.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 84.9 m | 119.3 m | 159.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Operating income | 45.4 m | 68.4 m | 71.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Interest expense | 21.3 m | 17.5 m | 18.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Pre-tax income | 23.9 m | 46.4 m | 53.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Income tax | 6.0 m | 11.8 m | 16.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Net income | 17.9 m | 34.6 m | 37.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Diluted EPS | 0.10 | 0.16 | -0.26 | SEC (XBRL)· 26 Feb 2026verified |
| Weighted average diluted shares | 93.5 m | 93.4 m | 104.5 m | SEC (XBRL)· 26 Feb 2026verified |
Balance sheet · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 24.3 m | 7.1 m | 8.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Current assets | — | 35.2 m | 52.5 m | SEC (XBRL)· 26 Feb 2026verified |
| Goodwill | — | 3.8 m | 3.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Intangibles (excl. goodwill) | — | 476.0 k | 466.0 k | SEC (XBRL)· 26 Feb 2026verified |
| Total assets | — | 48.2 m | 65.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Accounts payable | — | 7.2 m | 10.1 m | SEC (XBRL)· 26 Feb 2026verified |
| Short-term debt | — | 8.6 m | 0 | SEC (XBRL)· 26 Feb 2026verified |
| Long-term debt | — | 125.1 m | 0 | SEC (XBRL)· 26 Feb 2026verified |
| Current liabilities | — | 48.6 m | 52.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Total liabilities | — | 173.7 m | 292.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Equity | -387.6 m † | -366.0 m † | -227.5 m † | SEC (XBRL)· 26 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 18.6 m | 49.9 m | 51.7 m | SEC (XBRL)· 26 Feb 2026verified |
| Investing cash flow | -4.0 m | -3.7 m | -4.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Financing cash flow | -9.9 m | -42.5 m | -35.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Dividends paid | 339.0 m | 0 | 175.0 m | SEC (XBRL)· 26 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.7 bn USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 5.24 – 12.76 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E5.24 – 12.76 (Mid 7.36)12 companies used · median multiple 23.6x · quartiles 16.8x – 41.0xACT, AJG, AON, BRO, CRVL, GSHD, MRSH, RYAN, SLQT, TWFG, WDH, WTW
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 22.7% | 93 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 5.4x | 59 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 0.9x | 9 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | 91.6x | 8 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet39/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial93/100 · 1/3 factors with a value
- Returns· partial0/100 · 1/2 factors with a value
- Valuation· partial8/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Neptune Insurance Holdings Inc. (NP). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 159.6 m USD in 2025; YoY growth 33.7%; net margin 22.7%.
The estimated value range is 5.24–12.76 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 7.36 USD, the price of 28.55 USD leaves a potential of -74.2% (value / price − 1) and a margin of safety of -287.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 22.7%
What contradicts it
- Current ratio: 0.9x
- P/E (TTM): 91.6x
- Shareholder yield (distributions): 0.0%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Insurance Agents, Brokers & Service (SIC 6411) · same industry (4-digit SIC) · compared with 29 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MRSHMarsh & Mclennan Companies, Inc. | 100.0 bn | 25.2 | 26.7% | 14.2% | +10.3% | +15% / +5% |
| XHGXChange TEC.INC | 85.9 bn | — | — | -204.9% | +24.9% | +253% / −100% |
| AJGArthur J. Gallagher & Co. | 73.9 bn | 47.1 | 6.7% | 10.0% | +20.7% | +16% / +16% |
| AONAon plc | 73.1 bn | 18.9 | 43.6% | 22.2% | +9.4% | −3% / +5% |
| WTWWillis Towers Watson PLC | 31.1 bn | 20.5 | 20.2% | 15.2% | −2.2% | +5% / +37% |
| BROBrown & Brown, Inc. | 24.5 bn | 22.1 | 9.7% | 17.6% | +22.8% | −8% / −1% |
| EQHEquitable Holdings, Inc. | 15.3 bn | — | -508.8% | -8.7% | −6.1% | +20% / +83% |
| AIFUAIFU Inc. | 10.5 bn | — | -155.9% | -408.8% | −67.9% | −84% / −100% |
| ACTEnact Holdings, Inc. | 6.6 bn | 10.7 | 12.7% | 53.8% | +2.8% | +25% / +74% |
| HGTYHagerty, Inc. | 6.5 bn | 108.0 | 25.6% | 4.4% | +17.3% | +40% / +121% |
| RYANRyan Specialty Holdings, Inc. | 5.2 bn | 49.9 | 19.4% | 3.2% | +21.3% | −18% / +4% |
| CRVLCorvel Corporation | 4.4 bn | 38.9 | 30.7% | 11.7% | +7.0% | +19% / +26% |
| WDHWaterdrop Inc. | 3.6 bn | 50.5 | 11.6% | 14.2% | +49.8% | −44% / −16% |
| ARXAccelerant Holdings | 3.3 bn | — | -241.6% | -112.1% | +51.5% | +36% / unavailable |
| NPNeptune Insurance Holdings Inc. | 2.7 bn | 91.6 | — | 22.7% | +33.7% | +12% / unavailable |
| GSHDGoosehead Insurance, Inc. | 1.2 bn | 33.8 | — | 8.8% | +16.2% | −21% / −23% |
| HUIZHuize Holding Limited | 1.1 bn | — | 1.0% | 0.3% | +32.2% | −31% / −48% |
| BWINThe Baldwin Insurance Group, Inc. | 1.1 bn | — | -10.7% | -4.7% | +8.3% | +13% / +84% |
| RDZNRoadzen Inc. | 92.8 m | — | — | -46.9% | +24.2% | −37% / −78% |
| SLQTSelectQuote, Inc. | 88.1 m | 7.3 | 23.4% | 4.6% | +6.0% | −66% / −61% |
| EHTHeHealth, Inc | 20.3 m | — | 5.0% | 5.4% | +4.1% | −84% / −91% |
| EZRAReliance Global Group, Inc. | 2.4 m | — | -123.4% | -54.3% | −11.6% | −91% / −100% |
| YBYuanbao Inc. | — | — | 152.7% | 29.9% | +33.1% | −43% / unavailable |
| ERIEErie Indemnity Company | — | — | 23.7% | 14.0% | +7.2% | −5% / −5% |
| HITHealth In Tech, Inc. | — | — | -21.9% | -12.0% | +71.0% | −61% / unavailable |
1- and 3-year price returns: for NP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 27.86 Total return -2% · Per year -2% | 49.02 Total return 72% · Per year 72% | 73.53 Total return 158% · Per year 158% |
| 3 years | 33.04 Total return 16% · Per year 5% | 64.83 Total return 127% · Per year 31% | 105.89 Total return 271% · Per year 55% |
| 5 years | 39.19 Total return 37% · Per year 7% | 85.74 Total return 200% · Per year 25% | 152.48 Total return 434% · Per year 40% |
- Exit P/E± 16.21
- Net margin± 11.35
- Annual revenue growth± 8.46
- Annual dilution± 0.95
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Neptune is a data-driven MGA that distributes flood insurance through US agencies without taking balance sheet risk, transferring it to capacity providers. The company reported revenue of 159.6 million USD in 2025, at a time when NFIP, its main competitor, is reshaping its pricing through Risk Rating 2.0.
SWOT
Strengths
- The company relies on an automated underwriting model whose written loss ratio is reported as better than the NFIP, and its accumulated proprietary data gives it an early-mover advantage.
- High margins and recurring commission revenue, combined with no balance sheet risk, give the company an efficient operating structure.
- The agency network and API integrations reduce friction in the sales process, supporting distribution growth.
Weaknesses
- Because the company does not assume balance sheet risk, it depends on the availability and terms offered by capacity providers, which can amend agreements unilaterally.
- Distribution depends heavily on a relatively concentrated set of agents and brokers, and losing key relationships could affect sales volume.
- The drop in renewal retention in 2026 suggests that higher prices may lead some policyholders to leave.
Opportunities
- Removing NFIP subsidies could move part of the existing policyholder base to the company, especially in areas where the real risk is high.
- Low flood insurance penetration leaves a large uncovered market, and expansion into new geographies or risk types could add growth.
- A larger capacity provider panel could allow better terms and greater diversification of risk.
Threats
- Competition from private providers using AI could erode the technology advantage and put pressure on prices.
- A major catastrophic event could weaken the finances of capacity providers, affecting the capacity available to the company.
- New AI regulations could raise compliance costs and limit how the company uses its technology.
Risks
- Dependence on capacity providershigh
Agreements with providers can be terminated or amended on short notice, and if key relationships deteriorate, the company could lose the ability to issue or renew policies.
- Dependence on agents and brokershigh
If agents prioritize competing products, sales volume could fall, and misconduct by some agents could create liability and sanctions.
- Catastrophic riskmedium
Extreme weather can affect many policies at once and weaken capacity providers, which could limit the company's growth.
- AI regulationmedium
A changing legal framework could impose standards and costs, and new interpretations of existing laws could affect how the company uses AI.
- Sensitivity to the housing marketlow
A decline in home sales or new construction, or higher interest rates, could slow the sale of policies tied to mortgage requirements.
Investment thesis
What would need to be true (bull case)
- Revenue and profit growth in the third quarter of 2026, with an Adjusted EBITDA margin of 62%, show that the business model can scale efficiently 3.
- If the NFIP reform reduces the advantage of subsidized prices, the company could win existing policyholders thanks to its accumulated data.
- A growing number of capacity providers and high renewal of committed capacity suggest confidence in the underwriting performance.
What would break the thesis
- The drop in renewal retention in 2026 could signal sensitivity to higher prices and a risk of losing policyholders.
- Dependence on capacity providers and external agents limits the company's control over its own growth.
- If AI tools become accessible to competitors, the company's technology advantage could narrow.
What to watch
- Trend in policy renewal retention after premium increasesQ4 2026
- Number of capacity providers and commission terms negotiated2027
- Effects of the NFIP Risk Rating 2.0 reform on sales volume2027
- Company guidance and revenue figures in the next quarterly reportQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Neptune Insurance Holdings Inc. (NYSE: NP), the parent of Neptune Flood Incorporated, is an MGA that underwrites and administers residential and commercial policies, including primary and excess flood insurance and parametric earthquake insurance. The company does not bear balance sheet risk or handle claims, which are assumed by a network of capacity providers that numbered 40 as of December 31, 2025. Its revenue model consists of commissions, calculated as a negotiated percentage of each policy premium and paid by capacity providers, plus fees paid by policyholders. In fiscal 2025 it generated 159.6 million USD in revenue and 37.4 million USD in net income 1.
Technology is the basis of the model: the Triton underwriting platform, which has no human underwriters and processes over 20,000 quotes on a typical day, and the Poseidon policy management system, both built in-house. The proprietary database, generated from the company's quotes, policies and losses, is described as the largest flood insurance sales and claims database outside the NFIP. Distribution relies on agency partnerships that value instant quotes and API integrations, and agent and broker partners drove over 96% of policy sales in 2025 1.
Segments
Primary and excess flood insurance
The core products are primary and excess policies for homes and commercial buildings, distributed through US agencies. Growth in this segment depends on demand driven by major weather events and on the ability to attract NFIP policyholders facing higher prices.
Parametric earthquake insurance
The parametric earthquake product complements the core offer, but the available sources do not detail its contribution to revenue, so its financial role remains unclear.
Market context
The US flood insurance market is dominated by NFIP, which insured approximately 3.6 million properties as of December 31, 2025 and collected approximately 5.5 billion USD in total policy cost 1. The company estimates that only a small share of the more than 100 million US buildings is covered, and residential penetration in high-risk states is just 11% 1. According to the company, the Risk Rating 2.0 reform could move part of the NFIP base toward private alternatives.
The market is also shaped by reinsurance pressure, as property catastrophe reinsurance prices rose and terms tightened after 2023, and by a rapidly changing AI regulatory framework. Both could influence the cost and availability of capacity for the company.
Trends
- NFIP Risk Rating 2.0 reformtailwind
As subsidies phase out, the gap between NFIP rates and actual risk could narrow, which could make Neptune's offer more competitive for part of the existing policyholder base.
- Intensifying weather eventstailwind
Hurricanes and severe flooding can raise awareness and demand for insurance, and areas currently seen as low-risk could become more attractive for the company's products.
- Pressure on reinsurance capacityheadwind
If reinsurers raise prices or reduce their exposure, capacity providers could demand lower commissions or tighter conditions, which would weigh on the company's margins.
- AI regulationmixed
A fast-evolving legal framework for AI may impose additional standards and compliance costs, but it could also narrow the company's technology edge if such tools become more accessible to competitors.
Competitive position
The main competitor is NFIP, a government program that holds most of the flood insurance market and which the company describes as cumbersome for agents and policyholders 1. Competition also comes from new private entrants, and the company warns that advances in AI and AGI could lower barriers to entry. Its advantage rests on accumulated data and on being the first scaled private flood platform 1.
Distribution agents may prioritize NFIP or other private providers if these offer better prices or commissions, which could reduce the company's policy volume. The company relies on tens of thousands of agents to mitigate this risk 1.
- National Flood Insurance Program (NFIP)
US government program and the main flood insurance provider, with historically subsidized prices; the Risk Rating 2.0 reform is changing its pricing structure.
- New private flood insurance entrants
Companies that could use AI and AGI technologies to replicate the platform's capabilities, reducing its competitive edge.
- Agents and brokers offering alternatives
Distributors that may choose NFIP or other providers based on commissions, prices or support.
- Reinsurers and capacity providers
Not direct competitors, but they influence the cost and availability of capacity, and some may reduce their flood risk exposure.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Queen's University Belfast students find Neptune's elusive Trojan asteroidsPhys.org · 02 Nov 2026 · EN
- Shelters for Neptune launchers, dry cargo ship hit: strikes by Russian Armed ForcesTASS (RU, EN) · 02 Nov 2026 · EN
- Drones and Neptune Missiles Strike Kamensky Rocket Fuel PlantKyiv Post · 31 Oct 2026 · EN
- Ukraine strikes Russian rocket fuel plant with Neptune missiles and drones – General StaffUkrainska Pravda (UA, EN) · 31 Oct 2026 · EN
- Ukrainian Neptune strike destroys two Russian Su-34 bombers used to attack frontline cities, Ukraine’s Navy saysEuromaidan Press (UA, EN) · 29 Oct 2026 · EN
- Ukraine's Neptune Missiles Destroy 2 Russian Su-34 Bombers in Volgograd RegionKyiv Post · 29 Oct 2026 · EN
- Ukraine strikes Russian airfield with Neptune missiles, two Su-34s destroyedUkrinform (UA, EN) · 29 Oct 2026 · EN
- Ukraine destroys 2 Russian Su-34 bomber jets in Neptune missile strike on airfield, Navy saysKyiv Independent (UA, EN) · 29 Oct 2026 · EN
- Ukrainian defence forces destroy two Russian Su-34 fighter jets with Neptune missiles at Russian airfieldUkrainska Pravda (UA, EN) · 29 Oct 2026 · EN
- Webb links interstellar comet 3I/ATLAS to worlds beyond Neptune through similar ice signaturesPhys.org · 27 Oct 2026 · EN
- Planetary 'twins' Uranus and Neptune may have different origin storiesPhys.org · 19 Oct 2026 · EN
- Ukrainian Navy Strikes 6 Russian Su-34M Bombers Using Neptune MissilesKyiv Post · 15 Oct 2026 · EN
- Satellite image reveals damage at Borisoglebsk airfield after Ukrainian Neptune strikeUkrainska Pravda (UA, EN) · 15 Oct 2026 · EN
- Ukraine hits 6 Russian Su-34 bomber jets with Neptune missile, military saysKyiv Independent (UA, EN) · 15 Oct 2026 · EN
- Ukrainian Navy strikes six Russian Su-34M bombers with Neptune missileUkrainska Pravda (UA, EN) · 15 Oct 2026 · EN
- Cu Neptune Deep în bătătura neapărată de NATO, ar trebui să ne intereseze în cel mai înalt grad deschiderea azi a procesului împotriva sabotorilor conductei Nord Stream 1 și 2Adevărul · 14 Oct 2026 · RO
- Ukrainian Neptune missiles destroy three drone factory buildings in Russia's Taganrog – OSINTUkrainska Pravda (UA, EN) · 18 Sept 2026 · EN
- Scientists discover a strange new form of ice that could help explain the interiors of Neptune and UranusPhys.org · 11 Sept 2026 · EN
- Ukrainian Navy: Russia's Admiral Essen frigate in Novorossiysk hit by Neptune missileUkrainska Pravda (UA, EN) · 09 Sept 2026 · EN
- Ukrainian Neptune missiles used in strike on Russian rocket fuel plant – Ukraine's NavyUkrainska Pravda (UA, EN) · 17 Aug 2026 · EN
SEC filings
- Quarterly report22 Oct 2026
- Current report20 Oct 2026Results of operations · Departure or appointment of officers · Financial statements and exhibits
- Current report (amendment)02 Oct 2026Financial statements and exhibits
- Current report01 Oct 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report27 Jul 2026
- Current report21 Jul 2026Financial statements and exhibits
- Current report01 Jun 2026Shareholder vote
- Quarterly report29 Apr 2026
- Current report22 Apr 2026Results of operations · Other events · Financial statements and exhibits
- Proxy statement17 Apr 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Neptune Insurance Holdings Inc. · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / Neptune Insurance Holdings Inc. · 22 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Neptune Insurance Holdings Inc. · 20 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.