Neptune Insurance Holdings Inc. reported second-quarter 2026 results with revenue of $55.9M and diluted EPS of $0.11, driven by higher policy counts and premium volume versus the year-ago quarter.
Financial Highlights
- Revenue was $55.9M for Q2 2026, up from $42.1M in the year-ago quarter; YoY change 32.8%.
- Net income was $15.8M for Q2 2026, up from $11.6M in the year-ago quarter; YoY change 35.9%.
- Diluted earnings per share was $0.11 for Q2 2026, compared with $(0.49) in the year-ago quarter.
Business Highlights
- Revenue growth: Total revenues rose about 32% YoY to $55.9M for the quarter and $93.7M year-to-date, driven by higher policy counts and premium volume.
- Distribution momentum: More than 96% of policies are sold via third‑party agents with strong API/portal integrations and instant bindable quotes.
- Retention & renewals: High renewal acceptance with ~86% policy retention and ~92% premium retention, supporting a recurring fee model.
- Tech & underwriting edge: The Triton AI/ML underwriting engine and continued software investment improved underwriting results and scalability.
- Operational scale: Premium in force rose about 32% to $419M and policies in force increased about 29% to 316K, reflecting rapid growth and platform leverage.
Original SEC Filing:
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