Business
Neptune Insurance Holdings Inc. Reports First Quarter 2026 Results
Neptune Insurance Holdings Inc. (the “Company”) (NYSE: NP), the parent company of N...
About this update from Northpalm Capital Corp.
[{"type":"text","content":"Neptune Insurance Holdings Inc. Reports First Quarter 2026 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth2 { width: 2% }\n.bwwidth21 { width: 21% }\n.bwwidth48 { width: 48% }\n.bwwidth54 { width: 54% }\n.bwwidth58 { width: 58% }\n \n\n\n\n Neptune Insurance Holdings Inc. (the “Company”) (NYSE: NP), the parent company of Neptune Flood Incorporated, has released its financial results for the first quarter of 2026 by posting an update on its Investor Relations website. The earnings presentation can be viewed by clicking\n \n here\n \n or visiting\n \n investors.neptuneflood.com\n \n .\n \n\n This press release features multimedia. View the full release here:\n \n https://www.businesswire.com/news/home/20260422044575/en/\n \n\n\n In addition to the release of financial results, on April 21, 2026, the Company's Board of Directors approved a stock repurchase program that authorizes the Company to repurchase up to $100 million of the Company's outstanding Class A common stock.\n \n\n\n First Quarter 2026 Highlights\n \n\n\n\n Revenue growth of 29% to $37.8 million\n \n\n Net income decrease of 26% to $7.3 million, at a 19% margin\n \n\n Adjusted net income* growth of 21% to $13.4 million\n \n\n Adjusted EBITDA* growth of 26% to $21.6 million, at a 57% margin\n \n\n Written Premium* growth of 26% to $86.7 million\n \n\n Record Q1 new business sales\n \n\n\n\n First Quarter 2026 per share of Class A and Class B common stock\n \n\n\n\n\n\n\n...