Neptune Insurance Q2 revenue rises 33% on record new business sales

Neptune Insurance Holdings

21/07/2026 21:31

    

    Overview
  
US flood insurance platform's Q2 revenue rose 33% yr/yr to record high
Net income for Q2 increased 36% yr/yr, reaching a record $15.8 mln
Adjusted EBITDA for Q2 grew 37% yr/yr to $34.5 mln, margin reached 62%

    

    Outlook
  
Company did not provide specific guidance for future quarters or the full year

    

    Result Drivers
  
NEW BUSINESS SALES - Co said record new business sales contributed to Q2 results
WRITTEN PREMIUM GROWTH - Written Premium grew 31% yr/yr to a record $126.9 mln, supporting revenue growth

    
Company press release: ID:nBw9HKF1Za

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
$55.87 mln
 
Q2 Net Income
 
$15.80 mln
 
Q2 Adjusted EBITDA
 
$34.46 mln
 
Q2 Adjusted EBITDA Margin
 
61.70%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Neptune Insurance Holdings Inc is $32.00, about 1.3% above its July 20 closing price of $31.59
The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 44 three months ago

    

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July 20 - WR Berkley’s Q2 ex comp rate increase slows to 3.8% in ‘fragmented market’: CEO

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)