Slide Insurance Holdings, Inc. (SLDE)
NASDAQ:SLDE
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Slide Insurance Holdings, Inc.
(NASDAQ:SLDE)
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Rating:81Outperform
Price Target:
$18.50
▲(2.49% Upside)
Action:ReiteratedDate:01/16/26
SLDE earns a high score driven primarily by elite financial performance—highlighted by massive margin expansion and a pristine balance sheet—and an incredibly attractive valuation. While the overall score is tempered by recent bearish technical trends, the combination of strong fundamentals and oversold technical conditions suggests a significant value opportunity.
Positive Factors
Revenue Growth
The significant revenue growth indicates robust business expansion and effective market penetration, enhancing long-term competitiveness and sustainability.
Negative Factors
Regulatory Concerns
Regulatory scrutiny could lead to increased compliance costs and operational disruptions, impacting long-term strategic initiatives and market confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The significant revenue growth indicates robust business expansion and effective market penetration, enhancing long-term competitiveness and sustainability.
Read all positive factors
Slide Insurance Holdings, Inc. (SLDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.24B
Dividend YieldN/A
Average Volume (3M)1.97M
Price to Earnings (P/E)3.5
Beta (1Y)0.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees392
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)1.23
Shares Outstanding124,319,405
10 Day Avg. Volume2,053,423
30 Day Avg. Volume1,965,572
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.00
Price to Sales (P/S)2.09
P/FCF Ratio3.03
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue1.93
Enterprise Value/Gross Profit2.42
Enterprise Value/Ebitda3.77
Forecast
1Y Price Target
$24.83Price Target Upside37.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)3.32
Revenue Forecast (FY)$1.78B
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, specifically in the homeowners' insurance market. The company earns premiums from policyholders, which serve as the main revenue stream. In addition, Slide may eng...
Slide Insurance Holdings, Inc. Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call presented a strong set of operating and financial results—notably double-digit top-line growth, record quarterly net income, dramatic ROE, a solid balance sheet with ample liquidity, and clear expansion plans (NY/NJ/RI/CA). Management provided bullish 2026 guidance and highlighted reinsurance optimization (including a lower-cost ILS issuance). Key risks discussed include uncertainty around reinsurance renewal pricing ahead of the 6/1 renewals, a smaller future opportunity from Citizens depopulation, regulatory risk in New York, rising operating expenses, and competitive pricing pressure from new entrants. Overall, the positive operational momentum, robust capital position, and clear growth roadmap outweigh the noted risks and uncertainties.Positive Updates
Strong Top-Line Growth (Q4)
Gross premiums written increased 57% year-over-year to $618.5 million in Q4 2025 (from $394.6 million), driven by voluntary sales and the assumption of ~152,000 Citizens policies.
Negative Updates
Uncertainty in Reinsurance Pricing
Management has not yet received full reinsurance renewal quotes ahead of the 6/1 renewal; while guidance assumes lower reinsurance expense, the magnitude of the reduction is uncertain and could materially affect margins given >70% of premium dollars relate to reinsurance placement.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Top-Line Growth (Q4)
Gross premiums written increased 57% year-over-year to $618.5 million in Q4 2025 (from $394.6 million), driven by voluntary sales and the assumption of ~152,000 Citizens policies.
Read all positive updates
Company Guidance
Slide guided 2026 gross written premiums of $1.85–$1.95 billion and after‑tax net income of $455–$470 million, expecting growth from higher policy retentions, stronger voluntary sales and new state launches (NY/NJ H1 2026, RI H2 2026, CA E&S in 30–60 days) with double‑digit increases in policies‑in‑force and GWP outside Florida; the guidance embeds a reduction in reinsurance expense (submissions pending, after placing a ~ $320M ILS with >20% year‑over‑year lower risk‑adjusted cost). For context, Slide closed 4Q25 with $618.5M GWP (+57% YoY), ~493,500 policies in force (up 44% YoY and 40% since Sept. 30), Q4 net income $170.4M (EPS $1.23), Q4 ROE 16.4% / FY ROE 57.4%, combined ratio 38% (vs. 60.9% prior year), and a strong balance sheet (book value ≈ $1.1B, assets $2.9B, cash & equivalents ~$1.2B, restricted cash $481.8M, invested assets $593.7M, long‑term debt $33.7M, debt‑to‑capital 2.9%); management also plans opportunistic buybacks (repurchased ~$20M in Q4 at $16.38 avg; ~$80M available under a $120M program).Slide Insurance Holdings, Inc. Financial Statement Overview
Summary
Income Statement
96
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
88
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 1.16B | 846.81M | 468.53M | 242.43M |
| Gross Profit | 920.44M | 421.55M | 216.70M | 75.46M |
| EBITDA | 589.83M | 284.04M | 128.77M | 36.43M |
| Net Income | 443.96M | 201.13M | 87.37M | 22.30M |
Balance Sheet | ||||
| Total Assets | 0.00 | 1.93B | 1.08B | 704.97M |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 550.08M | 360.58M | 176.65M |
| Total Debt | 0.00 | 48.25M | 42.31M | 32.13M |
| Total Liabilities | 0.00 | 1.50B | 839.10M | 569.62M |
| Stockholders Equity | 0.00 | 433.16M | 237.60M | 135.34M |
Cash Flow | ||||
| Free Cash Flow | 794.58M | 543.80M | 434.32M | 136.94M |
| Operating Cash Flow | 797.43M | 553.89M | 443.00M | 157.12M |
| Investing Cash Flow | -115.18M | -204.00M | -250.33M | -52.10M |
| Financing Cash Flow | 210.88M | -2.41M | 20.50M | 23.10M |
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 (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $2.24B | 3.54 | 75.10% | ― | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
46 Neutral | $15.74M | 2.52 | 4.56% | ― | 19.30% | -17.56% | |
44 Neutral | $19.47M | 1.61 | ― | ― | -3.52% | 83.39% | |
44 Neutral | $5.93M | -4.29 | -50.32% | ― | ― | 55.30% | |
44 Neutral | $15.80M | 19.18 | ― | ― | ― | ― |
* Financial Sector Average
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Slide Insurance Holdings, Inc. Corporate Events
Executive/Board Changes
Slide Insurance Announces New CFO Appointment
Neutral
Nov 6, 2025
Slide Insurance Holdings, Inc. announced the departure of its CFO, Jesse Schalk, effective November 28, 2025, with plans for him to remain as a consultant until March 2026. Anastasios Omiridis will take over as CFO on December 1, 2025, bringing ov...
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.