Slide Insurance Holdings, Inc. SLDE
Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family, condominium and commercial residential policies in the property and casualty (P&C) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company ("SIC"). In February 2025, we acquired an additional insurance subsidiary, Slide Specialty Insurance Company ("Slide Specialty"), which is licensed in New York, New Jersey, Rhode Island and South Carolina. We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct- to-consumer ("DTC") channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries. We do not depend on any one key product or product line within the coastal specialty homeowners and commercial residential insurance market. We control all aspects of our value chain, including technology, underwriting, actuarial, distribution, claims, risk management and reinsurance which allows us to maximize profitability while maintaining disciplined underwriting standards.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $1.16B | $846.8M | — |
| SG&A | $175.8M | $137.5M | — |
| Total operating expenses | $566.7M | $576.8M | — |
| Interest expense | $3.6M | $3.8M | — |
| Pre-tax income | $589.2M | $270.0M | — |
| Income tax | $145.3M | $68.8M | — |
| Net income | $444.0M | $201.1M | — |
| EPS, basic | 4.75 | 3.58 | — |
| EPS, diluted | 3.36 | 1.66 | — |
| Shares, diluted (wtd. avg.) | 132.0M | 121.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $1.20B | $493.4M | $442.4M |
| Property, plant and equipment | $11.6M | $13.6M | — |
| Goodwill | $2.6M | $2.6M | $2.6M |
| Other intangibles | $99.0K | $7.7M | — |
| Total assets | $2.92B | $1.93B | — |
| Long-term debt | $33.7M | $39.2M | — |
| Total liabilities | $1.81B | $1.50B | — |
| Retained earnings | $753.1M | $309.2M | — |
| Total equity | $1.11B | $433.2M | $237.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $797.4M | $553.9M | — |
| Depreciation and amortisation | $12.4M | $10.3M | — |
| Stock-based compensation | $12.1M | $2.9M | — |
| Capital expenditure | $2.9M | $10.1M | — |
| Investing cash flow | -$115.2M | -$204.0M | — |
| Financing cash flow | $210.9M | -$2.4M | — |
| Buybacks | $40.0M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-083277.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $846.8M | $1.16B |
| Gross profit | — | — | — |
| Net income | — | $201.1M | $444.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6331
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CB | Chubb Ltd | $137.73B | 13.8x | 6.5% |
| PGR | PROGRESSIVE CORP/OH/ | $132.59B | 11.9x | 16.3% |
| TRV | TRAVELERS COMPANIES, INC. | $83.07B | 14.5x | 5.2% |
| ALL | ALLSTATE CORP | $64.02B | 6.7x | 5.6% |
| AIG | AMERICAN INTERNATIONAL GROUP, INC. | $42.49B | 15.0x | -1.7% |
| HIG | HARTFORD INSURANCE GROUP, INC. | $37.04B | 10.3x | 3.3% |
| ACGL | ARCH CAPITAL GROUP LTD. | $34.70B | 8.8x | 14.3% |
| WRB | BERKLEY W R CORP | $27.22B | 16.5x | 9.9% |