United States Flood Insurance Company Neptune Insurance Holdings (Neptune Flood) NYSE IPO Share Price Increased +25.7% on Day 1 Trading (1/10/25 IPO Price: $20, Closing $25.15) to $3.4 Billion Market Value & Raised $368 Million in IPO
2nd October | Hong Kong
United States flood insurance company Neptune Insurance Holdings (Neptune Flood) NYSE IPO share price increased +25.7% on day 1 trading (1/10/25 IPO Price: $20, Closing $25.15) to $3.4 billion market value, raising $368 million in the IPO. In 2025 September, Neptune Insurance Holdings (Neptune Flood) United States IPO was raising $368 million at $2.7 billion valuation. Neptune Flood was founded in 2016 by Jim Albert & Bill Martin. Neptune Flood – Neptune Flood utilizes advanced mapping technologies, and aerial remote sensing, to create a sophisticated algorithm that provides customers with a flood insurance policy in two minutes or less. The company demonstrates how data can be collected and utilized to develop smarter mathematics, predict risk, and ultimately mitigate future losses. Aside from delighting customers with a fast, more intuitive, online experience Neptune can provide valuable lessons for carriers around using data to better develop policies and price risk. This revolutionary approach to pricing flood risk often results in superior coverages and is available to households in all designated flood zones. Neptune Flood was founded in 2016 by insurance and technology industry veterans, and is led by CEO Trevor Burgess, with a goal of bringing advanced analytics and extreme ease of use to the flood insurance market. Neptune Flood’s policies are currently backed by Lloyd’s of London, Markel and AXA, rated “A” (Excellent) by A.M. Best. Neptune launched its product in early 2017 in Florida, and later in the year achieved the designation of Lloyd’s Coverholder with authority to provide flood insurance throughout the US. Neptune Insurance Holdings Inc – Neptune Insurance Holdings Inc. is the parent company of Neptune Flood Incorporated. Founded in 2018, Neptune Flood is a leading, data-driven managing general agent offering a range of easy-to-purchase residential and commercial insurance products, including primary flood and excess flood insurance, distributed through a nationwide network of agencies. Leveraging proprietary artificial intelligence and advanced data science, Neptune delivers fast, accurate, and accessible coverage for residential and commercial properties across the United States. The company operates without human underwriters, using its cutting-edge platform to streamline underwriting, pricing, and policy issuance.
“ United States Flood Insurance Company Neptune Insurance Holdings (Neptune Flood) NYSE IPO Share Price Increased +25.7% on Day 1 Trading (1/10/25 IPO Price: $20, Closing $25.15) to $3.4 Billion Market Value & Raised $368 Million in IPO “
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United States Flood Insurance Company Neptune Insurance Holdings (Neptune Flood) United States IPO to Raise $368 Million at $2.7 Billion Valuation, Founded in 2016 by Jim Albert & Bill Martin
30th September – United States flood insurance company Neptune Insurance Holdings (Neptune Flood) United States IPO is raising $368 million at $2.7 billion valuation. Neptune Flood was founded in 2016 by Jim Albert & Bill Martin. Neptune Flood – Neptune Flood utilizes advanced mapping technologies, and aerial remote sensing, to create a sophisticated algorithm that provides customers with a flood insurance policy in two minutes or less. The company demonstrates how data can be collected and utilized to develop smarter mathematics, predict risk, and ultimately mitigate future losses. Aside from delighting customers with a fast, more intuitive, online experience Neptune can provide valuable lessons for carriers around using data to better develop policies and price risk. This revolutionary approach to pricing flood risk often results in superior coverages and is available to households in all designated flood zones. Neptune Flood was founded in 2016 by insurance and technology industry veterans, and is led by CEO Trevor Burgess, with a goal of bringing advanced analytics and extreme ease of use to the flood insurance market. Neptune Flood’s policies are currently backed by Lloyd’s of London, Markel and AXA, rated “A” (Excellent) by A.M. Best. Neptune launched its product in early 2017 in Florida, and later in the year achieved the designation of Lloyd’s Coverholder with authority to provide flood insurance throughout the US. Neptune Insurance Holdings Inc – Neptune Insurance Holdings Inc. is the parent company of Neptune Flood Incorporated. Founded in 2018, Neptune Flood is a leading, data-driven managing general agent offering a range of easy-to-purchase residential and commercial insurance products, including primary flood and excess flood insurance, distributed through a nationwide network of agencies. Leveraging proprietary artificial intelligence and advanced data science, Neptune delivers fast, accurate, and accessible coverage for residential and commercial properties across the United States. The company operates without human underwriters, using its cutting-edge platform to streamline underwriting, pricing, and policy issuance.
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