Government SupportFlorida Gov. DeSantis stated he would support a more robust private flood insurance program, which is viewed as a positive sign for long-term growth.
Market Share ExpansionNeptune has outgrown other flood companies to constitute approximately 43% of the private residential flood market due to its focused distribution strategy, broad underwriting appetite, good underwriting track record, and ease of use.
Revenue Growth3Q25 revenue of $44.4mn came in ahead of forecast, driven by new agency appointments and increased demand from localized flood events.