Slide Insurance Reports Strong Q2 Earnings with Improved Performance and Expansion
Slide Insurance Holdings (NASDAQ:SLDE) reported a significant increase in second-quarter net income, rising to $134.9 million from $70.1 million year-over-year due to higher gross written premiums and an improved combined ratio of 57.5%. The company expanded its catastrophe reinsurance capacity by over $2 billion for the 2026 program and is expanding beyond Florida into California, Rhode Island, and New Jersey. Slide also announced a share repurchase of approximately 3 million shares and initiated its first quarterly dividend at $0.07 per share. The company reaffirmed its full-year guidance with gross written premiums expected between $1.85 billion–$1.95 billion and net income projected to be in the range of $455 million–$470 million. Chairman and CEO Bruce Lucas highlighted strong execution, underwriting discipline, and improved loss experience as key drivers behind Slide's performance.
Tickers: $SLDE