---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-048999"
form_type: "8-K"
ticker: "NP"
cik: "0002067129"
company_name: "Neptune Insurance Holdings Inc."
filed_at: "2026-07-21T20:13:59+00:00"
generated_at: "2026-07-21T20:15:12.177233+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Neptune Insurance Q2 revenue $55.9M (+33%), Adj. EBITDA $34.5M (+36.5%), raises FY outlook

## Summary
- Q2 revenue $55.9M (record, +33% YoY); net income $15.8M (+36%); adjusted EBITDA $34.5M (+36.5%)
- Written premium $126.9M (+31% YoY); lifetime written loss ratio improved to 19.5% from 24.7% a year ago
- Raised FY2026 guidance: revenue ~$199M (+25% YoY), adjusted EBITDA margin 60-61%
- Repurchased 1.22M shares in Q2; debt $240M, net leverage 2.1x; subsequent paydown $7M
- Renewed two largest capacity programs on improved terms; capacity partners now 45; launched commercial/condo earthquake products

## SEC filing metadata
- accession: 0001628280-26-048999
- form_type: 8-K
- ticker: NP
- cik: 0002067129
- company_name: Neptune Insurance Holdings Inc.
- filed_at: 2026-07-21T20:13:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2067129/000162828026048999/0001628280-26-048999-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2067129/000162828026048999/np-20260721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-048999
- JSON: https://secwatch.observer/filing/0001628280-26-048999.json
- Plain text: https://secwatch.observer/filing/0001628280-26-048999.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.