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Neptune Insurance Holdings Inc.

NP

Financial Services · 31.77 +2.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Neptune Insurance Holdings Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Company+2.1% todayVolume comparison unavailable
Market group0 of 1 activeFlood & Earthquake Insurance · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
  • The filing states that significant insured losses and increased demand for reinsurance resulted in fewer participants in the property catastrophe reinsurance market.

Invalidation: The isolated read changes if NP's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Insurance Brokers

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • The filing states that significant insured losses and increased demand for reinsurance resulted in fewer participants in the property catastrophe reinsurance market.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods3
Price observations238
Usable filing statements68
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +33.7% year over year.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -12.9 percentage points in the latest annual period.
  • Net margin changed -5.5 percentage points in the latest annual period.
  • Diluted shares increased 11.9% in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 11, 2026

31.77
6m+74.7%12m24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2023-12-31$84.9M$0.10
2024-12-31$119.3M+40.6%$0.16-0.2%
2025-12-31$159.6M+33.7%$-0.26+11.9%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
Financing Activities For the six months ended June 30, 2026, net cash used in financing activities was $4.7 million, which was primarily due to a $31.9 million repurchase of our Class A common stock, $24.0 million of repayments of our revolving credit facilit…
10-Q · Jul 27, 2026
Demand and volumepositive · 4 filings
These changes were driven by factors such as significant insured losses and increased demand for reinsurance, leading to fewer participants in the property catastrophe reinsurance market.
10-Q · Jul 27, 2026
Macroeconomic conditionsnegative · 1 filings
While mortgage rates experienced some decrease in late 2025, continued weakness or a further decrease in housing market activity, particularly in areas where flood coverage is needed, due to adverse economic conditions or other factors, could result in a decl…
10-K · Feb 26, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

31.77+2.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for NP. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for NP. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind NP

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JPMJPMorgan Chase & Co.lenderNov 12, 2025

an parties thereto from time to time, the lenders party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent (the “2025 Amended and Restated Credit Agreement”).

Depended on by

ROPRoper Technologies, Inc.partnerFeb 24, 2026

Neptune – water meters, enabling water utilities to remotely monitor their customers utilizing Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI) technologies, and cloud-based software supporting meter data management and utility billing.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

NP is currently a Leader in the organic co-movement group Flood & Earthquake Insurance. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for NP; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.