Quarterly ResultApr 30, 2026, 04:21 PM
SLDE Q1 Net Income +51% to $139.5M; New $125M Buyback Authorized
AI Summary
Slide Insurance Holdings, Inc. reported strong financial results for Q1 2026, with net income increasing 50.8% to $139.5 million and total revenue growing 38.3% to $389.3 million. The company also announced the completion of its $120.0 million stock repurchase program and authorized a new $125.0 million stock repurchase plan. Additionally, Slide assumed 28,783 policies from Citizens Property Insurance Corporation, contributing $92.3 million in annualized gross premiums.
Key Highlights
- SLDE Board authorized a new $125.0M stock repurchase program.
- Completed the previous $120.0M stock repurchase program.
- Net income increased 50.8% to $139.5M for Q1 2026.
- Total revenue grew 38.3% to $389.3M for Q1 2026.
- Gross premiums written rose 49.1% to $414.8M.
- Diluted EPS increased 36.0% to $1.02.
- Assumed 28,783 policies from Citizens, adding $92.3M annualized gross premiums.
- Cash, cash equivalents, and restricted cash grew 89.6% to $1.7B.