The $4B Company With 62 Employees | Neptune Flood Deep Dive

In this video I complete a comprehensive business breakdown of Neptune Flood Insurance. I had so much fun learning about this business and I hope you do as well. Messages are open! Linkedin:   / tobykopec   ----------------------------------------------- Timestamps: 0:00 Intro 01:32 How I Found Neptune 02:13 Why Floods Break Insurance 03:30 History of Flood Insurance 05:02 How the NFIP Went Broke 07:13 What Changed: Data & the Law 08:44 Founding Story 10:18 Meet the CEO 12:29 Product 14:18 Business Model 15:19 The Value Chain 17:09 Unit Economics 19:23 Loss Ratio 20:33 Independent Agents 24:18 Insurance Agent Call 25:53 Site Traffic 29:21 Competitor Traffic 30:02 Google & Meta Ads 31:51 Triton Quoting Engine 33:56 The Patent 35:35 The Moat 37:50 Competitors 40:11 Risks 42:39 Capital Markets 43:28 $605M Dividend 45:44 IPO 47:33 Lessons From Neptune 53:58 Outro -----------------------------------------------