Want to see SLDE full AI Analyst Report?
Top Page
Slide Insurance Holdings, Inc.
(NASDAQ:SLDE)
Select Model
Select Model
Rating:85Outperform
Price Target:
$24.00
▲(18.46% Upside)
Action:Reiterated
Date:07/31/26
The score is driven primarily by very strong financial performance (profitability, cash generation, and low leverage) and a low P/E valuation, supported by a constructive earnings call with reaffirmed guidance and strong underwriting metrics. The main offsets are near-term technical softness versus the 20-day average and ongoing insurance-specific risks highlighted on the call (expense growth, Florida rate pressure, and catastrophe exposure).
Positive Factors
Cash generation
Slide’s operating cash flow scaled from roughly $157M in 2022 to about $1.04B TTM 2026, with free cash flow closely tracking net income. This durable cash conversion supplies capital for reinsurance, dividends and buybacks, and preserves flexibility through underwriting cycles.
Negative Factors
Florida pricing pressure
Ongoing rate decreases in Florida represent a structural headwind in a core market. Over the coming months, weaker pricing can compress underwriting margins, complicate reinsurance economics, and impair the unit economics of growth driven by Florida exposure if rates do not recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Slide’s operating cash flow scaled from roughly $157M in 2022 to about $1.04B TTM 2026, with free cash flow closely tracking net income. This durable cash conversion supplies capital for reinsurance, dividends and buybacks, and preserves flexibility through underwriting cycles.
Read all positive factors
Slide Insurance Holdings, Inc. (SLDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.33B
Dividend YieldN/A
Average Volume (3M)1.30M
Price to Earnings (P/E)4.4
Beta (1Y)0.48
Revenue Growth41.43%
EPS Growth-57.28%
CountryUS
Employees504
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)4.57
Shares Outstanding116,811,720
10 Day Avg. Volume1,012,952
30 Day Avg. Volume1,296,634
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)2.17
Price to Sales (P/S)2.09
P/FCF Ratio3.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$25.33Price Target Upside25.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)3.72
Revenue Forecast (FY)$1.69B
Slide Insurance Holdings, Inc. Business Overview & Revenue Model
Company Description
Slide Insurance Holdings, Inc. operates as a parent organization. Through its affiliated companies, its main business is providing property and casualty insurance, particularly for residential properties such as detached homes and condominiums....
How the Company Makes Money
null...
Slide Insurance Holdings, Inc. Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presented robust operational and financial momentum: high top-line growth (+49% GWP), record net income (+50.8%), improved combined and accident-year loss ratios, strong liquidity ($1.2B cash) and active capital return through buybacks. Management reaffirmed full-year guidance and described prudent reinsurance capacity expansion and geographic growth (California imminent). Offsetting items include rising acquisition and G&A expenses, higher absolute loss dollars, prevalence of rate decreases in Florida and modest CAT activity in the quarter. On balance, the positives — notably strong profitability, underwriting discipline, balance sheet strength and clear capital priorities — materially outweigh the medium-term risks and cost pressures discussed.Positive Updates
Strong Top-Line Growth
Gross written premiums increased 49.1% year-over-year to $414.8 million in Q1 2026 (from $278.2 million), driven by voluntary new business, higher policy retentions and Citizens policy acquisitions.
Negative Updates
Increase in Policy Acquisition and Underwriting Expenses
Policy acquisition and other underwriting expenses rose to $44.1 million from $28.6 million (approximately a 54.2% increase), driven by renewals of previously assumed Citizens policies and acquisition activity.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Gross written premiums increased 49.1% year-over-year to $414.8 million in Q1 2026 (from $278.2 million), driven by voluntary new business, higher policy retentions and Citizens policy acquisitions.
Read all positive updates
Company Guidance
Slide reaffirmed its full‑year 2026 guidance of gross written premiums of $1.85–$1.95 billion and net income of $455–$470 million (guidance excludes any assumed major CAT event), and said it expects continued YoY GWP growth driven by higher policy retentions, higher voluntary sales, launch of new states and double‑digit increases in policies in force and premium outside Florida; Q1 metrics included GWP $414.8M (up 49.1% YoY), net income $139.5M (up 50.8%), diluted EPS $1.02, policies in force 508,928 (up 46% YoY), net losses & LAE $111.1M, accident‑year loss ratio 28.4%, policy acquisition & other underwriting expenses $44.1M, G&A $46.2M, expense ratio 25.1%, combined ratio 55.5% (improved from 58.9%), ROE 12.5% (50% annualized), a first‑event reinsurance tower of ~ $3.5B (≈$1B increase vs. 2025) to be finalized in 1–2 weeks, cash & cash equivalents $1.2B, invested assets $720M (33.5% corporate, 31.3% muni, 24.1% U.S. gov’t, 11.1% ABS/other), and active capital return (completed $120M repurchase, Q1 repurchases ~7.7M shares at $17.75, total repurchases 13.3M shares for $230.9M at $17.30 avg; Board authorized a $125M program in March and an additional $100M).Slide Insurance Holdings, Inc. Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
94
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.39B | 1.16B | 846.81M | 468.53M | 242.43M |
| Gross Profit | 1.17B | 920.44M | 421.55M | 216.70M | 75.46M |
| EBITDA | 726.80M | 605.31M | 284.04M | 128.77M | 36.43M |
| Net Income | 555.76M | 443.96M | 201.13M | 87.37M | 22.30M |
Balance Sheet | |||||
| Total Assets | 2.97B | 2.92B | 1.93B | 1.08B | 704.97M |
| Cash, Cash Equivalents and Short-Term Investments | 2.07B | 1.68B | 550.08M | 360.58M | 176.65M |
| Total Debt | 38.65M | 43.34M | 48.25M | 42.31M | 32.13M |
| Total Liabilities | 1.77B | 1.81B | 1.50B | 839.10M | 569.62M |
| Stockholders Equity | 1.19B | 1.11B | 433.16M | 237.60M | 135.34M |
Cash Flow | |||||
| Free Cash Flow | 1.03B | 794.58M | 543.80M | 434.32M | 136.94M |
| Operating Cash Flow | 1.04B | 797.43M | 553.89M | 443.00M | 157.12M |
| Investing Cash Flow | -389.59M | -115.18M | -204.00M | -250.33M | -52.10M |
| Financing Cash Flow | -242.02M | 210.88M | -2.41M | 20.50M | 23.10M |
Slide Insurance Holdings, Inc. Technical Analysis
Positive
20.26
Price Trends
14.99
Positive
Market Momentum
0.38
Negative
62.51
Neutral
64.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLDE, the sentiment is Positive. The current price of 20.26 is above the 20-day moving average (MA) of 15.61, above the 50-day MA of 14.99, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.38 indicates Negative momentum. The RSI at 62.51 is Neutral, neither overbought nor oversold. The STOCH value of 64.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SLDE.
Slide Insurance Holdings, Inc. Risk Analysis
Slide Insurance Holdings, Inc. disclosed 68 risk factors in its most recent earnings report. Slide Insurance Holdings, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Slide Insurance Holdings, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $2.33B | 4.37 | 69.66% | ― | 41.43% | -57.28% | |
79 Outperform | $1.52B | 24.33 | 7.16% | 3.57% | 10.67% | -13.23% | |
77 Outperform | $5.93B | 7.06 | 36.48% | 1.18% | 9.70% | 193.37% | |
76 Outperform | $856.99M | 15.34 | 14.75% | ― | 22.83% | 2.00% | |
57 Neutral | $1.67B | 45.69 | 1.52% | 4.44% | 0.51% | -88.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | $3.71B | -25.83 | -26.78% | ― | 76.73% | 35.36% |
* General Sector Average
SLDE
Slide Insurance Holdings, Inc.
20.65
2.32
12.66%
MCY
Mercury General
107.26
35.99
50.50%
SAFT
Safety Insurance Group
103.19
36.37
54.44%
KMPR
Kemper
29.28
-30.08
-50.67%
LMND
Lemonade
53.05
5.12
10.68%
ROOT
Root
57.07
-68.47
-54.54%
Slide Insurance Holdings, Inc. Corporate Events
Business Operations and StrategyDividends
Slide Insurance Initiates Regular Quarterly Cash Dividend Program
Positive
Jul 27, 2026
On July 27, 2026, Slide Insurance Holdings, Inc. announced that its board approved the initiation of a regular quarterly cash dividend of $0.07 per common share. The first payout is scheduled for August 28, 2026, to shareholders of record as of Au...
Executive/Board ChangesShareholder Meetings
Slide Insurance Shareholders Back Board and Auditor Choices
Positive
Jun 10, 2026
On June 10, 2026, Slide Insurance Holdings, Inc. held its Annual Meeting of Stockholders, at which shareholders elected three Class I directors—Robert Gries, Andrew Wright and Beth W. Bruce—to serve until the 2029 annual meeting, each ...
Business Operations and Strategy
Slide Insurance Expands Catastrophe Reinsurance Protection for 2026-2027
Positive
Jun 4, 2026
On June 4, 2026, Slide Insurance Holdings announced it had completed its 2026-2027 catastrophe excess of loss reinsurance program, which management described as one of the strongest in the company’s history. The renewed program boosts total ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.