Quarterly ResultJul 30, 2026, 05:07 PM
Slide Insurance H1 Net Income +69% to $274.4M; Diluted EPS $2.08
AI Summary
Slide Insurance Holdings, Inc. reported strong financial results for the first half of 2026, with net income increasing by 69% to $274.4 million and diluted earnings per share rising by 60% to $2.08. The company experienced significant growth in gross premiums written, up 29% to $922.8 million, and net premiums earned, which climbed 43% to $726.5 million. Additionally, Slide Insurance continued its share repurchase initiatives, buying back 10.7 million shares for $190.9 million, and expanded its policy base by assuming 37,668 policies.
Key Highlights
- Net income for H1 2026 increased by 69% to $274.4 million, up from $162.6 million in H1 2025.
- Diluted EPS for H1 2026 rose by 60% to $2.08, compared to $1.30 in H1 2025.
- Gross premiums written grew by 29% to $922.8 million for H1 2026.
- Net premiums earned increased by 43% to $726.5 million for H1 2026.
- Net cash provided by operating activities surged by 68% to $590.0 million in H1 2026.
- Total assets increased to $3.60 billion as of June 30, 2026, from $2.92 billion at year-end 2025.
- Repurchased 10.7 million common shares for $190.9 million in H1 2026 under repurchase programs.
- Assumed 37,668 policies for $119.4 million in annualized gross premiums in H1 2026.
Price Impact
More from SLDE