Neptune Insurance Holdings Inc. (NP)
Neptune Insurance Holdings Inc. operates in the Insurance - Brokers industry of the Financial Services sector, headquartered in St. Petersburg, FL, US. The stock last traded at $31.36, up 0.27% on the session, giving a market capitalisation of $2.94B. On trailing twelve-month figures it carries a trailing P/E of 22.01, a net margin of 28.4%. Its beta of -0.20 implies it has historically moved less than the broad market.
Neptune Insurance Holdings Inc. functions as a technology-driven managing general agent (MGA) specializing in flood insurance solutions. The company provides a range of offerings, including both primary and excess flood coverage for residential and commercial properties, as well as parametric earthquake policies. At its core, Neptune leverages advanced artificial intelligence and machine learning platforms, notably their "Triton" system for underwriting and "Poseidon" for policy management. Distribution of these products occurs through an extensive agency network. Importantly, Neptune does not assume underwriting risk or manage claims directly; these functions are instead handled by their partnering insurance and reinsurance carriers.
Neptune Insurance Holdings Inc. is most often compared with the following Financial Services names: