Slide Insurance reports Q2 EPS 56c, consensus 44c

Reports Q2 revenue $261.6M, consensus $262.23M. Gross premiums written grew 25.0% to $435.4M, compared to $348.3M in the prior-year period. Loss ratio was 37.4%, compared to 45.9% in the prior-year period. “We delivered another strong quarter, building on our continued success, and we are excited to achieve a major milestone for Slide by successfully completing our initial public offering,” said Bruce Lucas, Chairman and CEO of Slide. “For the quarter, we generated significant year-over-year growth across all of our key metrics. Our underwriting technology continues to outperform, allowing us to generate superior underwriting returns. By leveraging our well-capitalized balance sheet and tech-enabled, data-driven underwriting capabilities, we are well-positioned to continue executing on our long-term growth strategy, while creating long-term value for our shareholders.”