Slide Insurance Holdings, Inc. (SLDE) AI Stock Analysis

• Market Cap: $1.72B
• Dividend Yield: N/A
• Average Volume (3M): 705.86K
• Price to Earnings (P/E): 1.4
• Beta (1Y): 0.11
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 392
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): N/A
• Shares Outstanding: 125,497,440
• 10 Day Avg. Volume: 1,022,080
• 30 Day Avg. Volume: 705,859
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 2.82
• Enterprise Value/Gross Profit: 5.29
• Enterprise Value/Ebitda: 7.68
• 1Y Price Target: $20.67
• Price Target Upside: 46.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 61 Neutral
• Price Target: $18.00 ▲(27.21% Upside)

Slide Insurance Holdings, Inc. has a strong financial foundation with impressive revenue growth and profitability. However, technical indicators suggest bearish momentum, and the absence of valuation metrics limits a comprehensive assessment. The successful IPO and board appointments are positive, but the overall score reflects mixed signals from financial performance and technical analysis.

Positive Factors

Expansion Potential

There is potential for successful expansion into new geographies across the Northeast and in California.

Market Position

Slide Insurance is well-positioned to capitalize on the dislocated Florida homeowner insurance market.

Underwriting Income

Total underwriting income increased significantly, driven by lower catastrophe losses and favorable prior year development.

Negative Factors

Growth Expectations

Growth slightly missed expectations along with a higher than expected core loss ratio.

Mixed Results

The inaugural results are somewhat mixed due to slower than expected growth and elevated core loss ratio.

Policy Acquisition

Policies acquired by Citizens decreased by 11.1%, and the overall policy renewal rate decreased slightly.

Slide Insurance Holdings, Inc. Business Overview & Revenue Model

Company Description

Slide Insurance Holdings, Inc. operates as a holding company. The company, through its subsidiaries, focuses on underwriting of single family and condominium policies in the property and casualty industry.

How the Company Makes Money

Slide Insurance generates revenue primarily through the sale of insurance policies, earning premiums from customers who purchase homeowners and renters insurance. The company utilizes a direct-to-consumer model, which allows it to reduce operational costs and improve margins. Additionally, Slide may earn commissions from reinsurance arrangements and partnerships with other financial institutions or service providers. The use of advanced technology for risk assessment and customer engagement also helps optimize pricing strategies and drive customer retention, contributing positively to its revenue streams.

Slide Insurance Holdings, Inc. Financial Statement Overview

Summary

Slide Insurance Holdings, Inc. exhibits strong financial performance with robust revenue growth and profitability. The income statement shows a 50.4% revenue increase and healthy profit margins. The balance sheet is stable with low leverage, and cash flow is strong with significant free cash flow growth. However, there is room for improvement in equity ratios for enhanced stability.

Income Statement

Slide Insurance Holdings, Inc. demonstrates strong revenue growth with a 50.4% increase in 2024, reflecting robust business expansion. The company maintains healthy profitability, with a gross profit margin of 49.8% and a net profit margin of 23.8%, indicating efficient cost management. EBIT and EBITDA margins are also solid at 32.3% and 33.5%, respectively, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet of Slide Insurance Holdings, Inc. is stable, with a low debt-to-equity ratio of 0.11, indicating conservative leverage. The return on equity is impressive at 46.4%, highlighting effective use of shareholder funds. The equity ratio stands at 22.4%, suggesting a strong equity base relative to total assets. While the company maintains a solid financial position, the relatively low equity ratio could be improved for enhanced stability.

Cash Flow

The cash flow statement shows a significant 54.3% growth in free cash flow, reflecting strong cash generation capabilities. The free cash flow to net income ratio is high at 98.2%, indicating efficient conversion of earnings into cash. However, the operating cash flow to net income ratio is not available, which limits a full assessment of cash flow efficiency. Overall, the cash flow position is strong, supporting the company's growth and operational needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	981.76M	846.81M	468.53M	242.43M
Gross Profit	524.10M	421.55M	216.70M	75.46M
EBITDA	361.11M	284.04M	128.77M	36.43M
Net Income	255.25M	201.13M	87.37M	22.30M
Balance Sheet
Total Assets	2.36B	1.93B	1.08B	704.97M
Cash, Cash Equivalents and Short-Term Investments	0.00	550.08M	334.55M	176.65M
Total Debt	44.65M	48.25M	42.31M	32.13M
Total Liabilities	1.49B	1.50B	839.10M	569.62M
Stockholders Equity	868.06M	433.16M	237.60M	135.34M
Cash Flow
Free Cash Flow	621.30M	543.80M	434.32M	136.94M
Operating Cash Flow	628.62M	553.89M	443.00M	157.12M
Investing Cash Flow	-39.79M	-204.00M	-250.33M	-52.10M
Financing Cash Flow	248.35M	-2.41M	20.50M	23.10M

Slide Insurance Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$17.81B	11.59	9.87%	3.74%	9.69%	1.11%
SLDE	61 Neutral	$1.72B	1.39		―	―	―
CNFR	52 Neutral	$9.04M	0.31	-218.24%	―	-37.38%	―
HUIZ	52 Neutral	$26.06M	11.44	-3.92%	―	0.48%	-127.19%
OXBR	49 Neutral	$17.11M	―	-58.30%	―	―	78.09%
GREE	44 Neutral	$18.49M	―	22.29%	―	-18.74%	39.95%
COOT	36 Underperform	$14.79M	―	2456.07%	―	―	―

Slide Insurance Holdings, Inc. Corporate Events

Slide Insurance Holdings, Inc. Completes Successful IPO

On June 20, 2025, Slide Insurance Holdings, Inc. completed its initial public offering (IPO), selling 24 million shares of common stock at $17 per share, raising gross proceeds of $283.3 million. The IPO also saw the appointment of Andrew Wright and Beth W. Bruce as independent directors to the board, alongside the implementation of amended corporate governance documents, marking a significant milestone in the company’s growth and market presence.