Quarterly ResultApr 28, 2026, 04:17 PM
SLDE Q1 Gross Premiums +49.1% to $414.8M; Net Income +50.8% to $139.5M
AI Summary
Slide Insurance Holdings, Inc. reported strong first quarter 2026 financial results, with gross premiums written increasing 49.1% year-over-year to $414.8 million and total revenue up 38.2% to $389.3 million. Net income surged 50.8% to $139.5 million, resulting in diluted earnings per share of $1.02. The company also improved its combined ratio to 55.5% and repurchased over 7.7 million shares, while reiterating its full-year 2026 guidance for both gross written premiums and net income.
Key Highlights
- SLDE Gross Premiums Written grew 49.1% YoY to $414.8 million.
- Total policies in force increased 46% YoY to 508,928.
- Total revenue increased 38.2% YoY to $389.3 million.
- Net income rose 50.8% YoY to $139.5 million; Diluted EPS $1.02.
- Combined ratio improved to 55.5% from 58.9% in prior year.
- Repurchased 7,724,240 shares at $17.75 average price in Q1 2026.
- Reiterated full year 2026 gross written premiums guidance of $1.85B-$1.95B.
- Reiterated full year 2026 net income guidance of $455M-$470M.