Quarterly ResultJul 28, 2026, 04:32 PM
Slide Insurance Q2 Net Income +92.4% to $134.9M; EPS $1.06
AI Summary
Slide Insurance Holdings, Inc. reported strong second quarter 2026 financial results, with gross premiums written increasing 16.7% to $508.0 million and net income surging 92.4% to $134.9 million. Diluted earnings per share reached $1.06, and the combined ratio improved significantly to 57.6%. The company also announced a share repurchase of nearly 3 million shares and declared an initial quarterly cash dividend of $0.07 per share, while reiterating its positive full-year 2026 outlook.
Key Highlights
- Gross premiums written grew 16.7% year-over-year to $508.0 million.
- Net income increased 92.4% year-over-year to $134.9 million.
- Diluted earnings per share was $1.06.
- Combined ratio improved to 57.6% from 67.4% in the prior-year period.
- Total revenue increased 47.9% to $386.8 million.
- Company repurchased 2,997,980 shares at a weighted average price of $17.95 per share.
- Declared an initial quarterly cash dividend of $0.07 per share.
- Reiterated full year 2026 net income outlook of $455 million to $470 million.
Price Impact
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