Core Viewpoint - Neptune Insurance, a provider of excess and surplus (E&S) flood insurance underwriting and distribution services, successfully launched on the U.S. stock market with a notable increase in stock price following its IPO [1] Company Summary - Neptune Insurance's stock opened higher, rising over 13% to $22.83, after an IPO price of $20 [1] - The company operates as a data-driven managing general agent (MGA), focusing on flood risk mitigation solutions for homeowners and businesses [1] - Neptune Insurance distributes various residential and commercial insurance products through a nationwide network of agents, including primary flood insurance, excess flood insurance, and parametric earthquake insurance [1]

Core Viewpoint - Neptune Insurance, a provider of excess and non-standard flood insurance underwriting and distribution services, successfully launched on the US stock market with its stock price rising over 13% to $22.83 after an IPO price of $20 [1] Company Overview - Neptune Insurance operates as a data-driven managing general agent (MGA) focused on providing flood risk mitigation solutions for homeowners and businesses [1] - The company distributes various residential and commercial insurance products through a nationwide network of agents, including primary flood insurance, excess flood insurance, and parametric earthquake insurance [1]

Group 1 - Neptune Insurance Holdings plans to raise $350 million through an IPO by offering 18.4 million shares priced between $18 and $20, with all shares being secondary market offerings [1][2] - The company has secured cornerstone investors T. Rowe Price and Alliance Bernstein, who have committed to purchase $75 million worth of shares, representing 21% of the total offering [1] - If priced at the midpoint of the offering range, Neptune Insurance's fully diluted market capitalization would reach $2.8 billion [1] Group 2 - Neptune Insurance operates as a data-driven managing general agent (MGA) focused on providing flood risk mitigation solutions for homeowners and businesses [1][2] - The company does not assume any insurance risk on its balance sheet and does not handle claims processing for the policies it sells [2] - Neptune Insurance was founded in 2017 and reported revenue of $137 million for the 12 months ending June 30, 2025 [2]