Financial PerformanceNeptune's above-average profitability, strong cash conversion, and rational leverage profile should allow it to return capital to shareholders.
Government Policy 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 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.