Slide Insurance Reports Strong Q3 2026 Growth and Raises Full-Year Guidance
Slide Insurance Holdings, Inc. (SLDE) delivered robust third-quarter 2026 results, highlighted by a 35.9% increase in total revenue to $361.1 million and a 24.5% rise in net income to $138.2 million. Growth was primarily driven by voluntary new business and the expansion of its homeowners portfolio into new states. Despite facing higher catastrophe losses due to convective storms in Florida, which pushed the combined ratio to 59.3%, the company's accident year loss ratio improved significantly when excluding these events. Reflecting strong capital positioning, the board declared a special cash dividend of $1.50 per share and increased full-year guidance for both gross written premiums and net income. To support future strategic growth and M&A activities, the company also secured a new $1.07 billion credit facility. However, management cautioned that Hurricane Isaias is expected to result in approximately $50 million of pre-tax loss retention impacting fourth-quarter results.
Tickers: $SLDE
Topics: catastrophe losses earnings report insurance premiums net income growth