Neptune Insurance Q3 net income jumps 50% on strong premium growth
NP•Neptune Insurance reported Q3 revenue up 34% year over year to a record $59.57 million and net income up 50% to a record $17.26 million. Written premiums rose 31% to a record $132.7 million.
1. Revenue and income rise
Neptune Insurance’s Q3 revenue increased 34% year over year to $59.57 million, while net income rose 50% to $17.26 million. Adjusted net income grew 52% year over year.
2. Premiums reach record
Written premiums grew 31% year over year to a record $132.7 million, and the company reported record new business sales. Neptune did not provide specific financial guidance for current or future periods in the press release.
