This Quarterly Report on Form 10-Q of Neptune Insurance Holdings Inc. contains forward-looking statements. All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future results of operations, financial position, market size and opportunity, our business strategy and plans, the factors affecting our performance and our objectives for future operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “expect,” “objective,” “plan,” “potential,” “seek,” “grow,” “target,” “if” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in the section titled “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this Quarterly Report on Form 10-Q may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about:
| ● | our ability to maintain or expand relationships with capacity providers, and impacts of the potential reduction or termination of existing relationships, and dependence on a limited number of providers; |
| ● | our reliance on third-party agents and brokers to distribute our products, and the potential adverse impact on our business if those relationships weaken, are lost, or fail to perform as expected; |
| ● | our ability to protect and enforce our intellectual property; |
| ● | our ability to effectively manage and sustain our rapid growth, which may place significant demands on our resources, systems and personnel; |
| ● | adverse National Flood Insurance Program (“NFIP”) developments that create challenges for private insurers; |
| ● | the impact of slower housing market activity, especially in areas needing flood coverage, due to various general economic and other factors; |
| ● | our ability to attract and retain talent, including highly skilled engineers, data scientists, and other technical professionals; |
| ● | our reliance on third parties for critical functions such as processing policyholder payments and mailing policy documents and notices; |
| ● | the highly competitive industry in which we operate; |
| ● | our reliance on the accuracy and performance of our artificial intelligence (“AI”) powered Triton platform, for underwriting and data modeling; |
| ● | developments and projections relating to advancements in AI, our competitors, and our industry; |
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| ● | our ability to successfully launch additional products or expand our product offerings, including into new domestic and international markets; |
| ● | our ability to apply technology effectively in driving value for our policyholders through technology-based solutions; |
| ● | the impact of current and future laws and regulations, especially those related to insurance regulations; |
| ● | potential cybersecurity risks with respect to our or our vendors’ information processing systems; and |
You should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. We undertake no obligation to update any of these forward-looking statements for any reason after the date of this Quarterly Report on Form 10-Q or to conform these statements to actual results or to changes in our expectations, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking statements do not reflect the potential impact of any future acquisitions, restructurings, mergers, dispositions, joint ventures, partnerships, or investments we may make.
In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this Quarterly Report on Form 10-Q. While we believe such information provides a reasonable basis for these statements, such information may be limited or incomplete. Such statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements.
Unless the context requires otherwise, the words “we,” “us,” “our,” the “Company,” and “Neptune” refer to Neptune Insurance Holdings Inc. and its subsidiaries, taken as a whole, “Neptune Holdings” refers only to Neptune Insurance Holdings Inc., and “Neptune Flood” refers only to Neptune Flood Incorporated.
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Trademarks, Trade Names, and Service Marks
Neptune,” “Neptune Flood,” “Triton,” the Neptune stylized design logo, and our other registered or common law trademarks, trade names, and service marks appearing in this Quarterly Report on Form 10-Q are our property. Solely for convenience, our trademarks, trade names, and service marks referred to in this Quarterly Report on Form 10-Q appear without the ®, ™ and ℠ symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights to these trademarks and trade names. This Quarterly Report on Form 10-Q may contain additional trademarks, trade names, and service marks of other companies that are the property of their respective owners.
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