secwatch.observer — SEC 8-K summary
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Issuer:     Neptune Insurance Holdings Inc. (NP)
CIK:        0002067129
Form:       8-K
Filed at:   2026-07-21T20:13:59+00:00
Accession:  0001628280-26-048999
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2067129/000162828026048999/0001628280-26-048999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2067129/000162828026048999/np-20260721.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-048999

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer