SLDE
Slide Insurance Holdings, Inc.18.21
+0.74+4.24%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.29BP/E (TTM)
6.48Basic EPS (TTM)
2.81Dividend Yield
0%Recent Filings
8-K
Slide's Q2 premiums up 25%
Slide Insurance Holdings reported robust Q2 2025 results, with gross premiums written surging 25.0% year-over-year to $435.4 million, fueled by Citizens policy assumptions and steady renewals. Net income climbed 30.5% to $70.1 million, while the combined ratio sharpened to 67.4% from 69.9%, thanks to lower non-hurricane catastrophe losses. The June IPO bolstered the balance sheet, yet return on equity dipped to 10.0%. Underwriting tech drives profitability, but catastrophe risks loom.
10-Q
Q2 FY2025 results
Slide Insurance Holdings posted solid Q2 FY2025 results, with net premiums earned up 25.1% y/y to $243.9M, fueled by Citizens policy assumptions and renewals, while gross premiums written climbed 25.0% y/y to $435.4M. Profitability held firm as net income rose 30.4% y/y to $70.1M, with diluted EPS at $0.56 on 126M shares—reconciled without anti-dilution flags—thanks to a combined ratio of 67.4%, down from 69.9% y/y amid lower catastrophe losses. Cash swelled to $936.2M post-IPO, with $350.4M operating cash flow for H1 and $36.3M debt at variable rates maturing 2029; free cash flow not disclosed in the 10-Q. Pawtucket acquisition closed February 2025 for licensing in four states, adding no policies yet. Yet catastrophe risks loom large in coastal markets.
8-K
IPO closes with $283M proceeds
Slide Insurance Holdings completed its IPO on June 20, 2025, selling 16.7 million shares at $17.00 each for gross proceeds of $283.3 million before expenses, while selling stockholders offloaded 7.3 million shares. The company filed amended governance documents and appointed independent directors Andrew Wright and Beth W. Bruce to key board committees, bolstering oversight amid the public transition. New pacts grant major holders registration rights and veto power on big moves, yet lock-ups curb quick sales.
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