Slide Announces $75 Million Stock Repurchase Program
Slide Insurance Holdings (Nasdaq: SLDE) has announced a significant $75 million stock repurchase program authorized by its Board of Directors. The program, effective immediately, has no time limit and can be modified or suspended at any time.
CEO Bruce Lucas cited the company's strong capital position following their recent IPO and better-than-expected net margins as key factors enabling this initiative. The repurchases may be executed through open market transactions, private negotiations, or other structures compliant with federal securities laws, with timing and volume based on market conditions, liquidity needs, and other factors.
The program will be implemented under Rule 10b5-1, allowing stock repurchases during insider trading blackout periods, though the company is not obligated to purchase any specific number of shares.
Slide Insurance Holdings (Nasdaq: SLDE) ha annunciato un significativo programma di riacquisto di azioni da 75 milioni di dollari approvato dal suo Consiglio di Amministrazione. Il programma, efficace immediatamente, non ha scadenza e può essere modificato o sospeso in qualsiasi momento.
Il CEO Bruce Lucas ha indicato la solida posizione patrimoniale della società dopo l’IPO recente e margini netti superiori alle attese come fattori che rendono possibile questa iniziativa. I riacquisti potranno avvenire tramite operazioni sul mercato aperto, trattative private o altre modalità conformi alle leggi federali sui titoli, con tempistica e volumi determinati dalle condizioni di mercato, dalle esigenze di liquidità e da altri fattori.
Il programma sarà gestito ai sensi della Regola 10b5-1, che consente riacquisti anche durante i periodi di blackout per gli insider, pur non vincolando la società all’acquisto di un numero minimo di azioni.
Slide Insurance Holdings (Nasdaq: SLDE) ha anunciado un importante programa de recompra de acciones por 75 millones de dólares autorizado por su Junta Directiva. El programa, con efecto inmediato, no tiene límite temporal y puede ser modificado o suspendido en cualquier momento.
El CEO Bruce Lucas citó la fuerte posición de capital de la compañía tras su reciente OPV y unos márgenes netos mejores de lo esperado como factores clave que permiten esta iniciativa. Las recompras podrán realizarse mediante transacciones en el mercado abierto, negociaciones privadas u otras estructuras conforme a las leyes federales de valores, y la duración y el volumen dependerán de las condiciones del mercado, las necesidades de liquidez y otros factores.
El programa se implementará conforme a la Norma 10b5-1, lo que permite recompras de acciones durante periodos de bloqueo para insiders, aunque la compañía no está obligada a comprar un número concreto de acciones.
Slide Insurance Holdings (나스닥: SLDE)는 이사회의 승인으로 7,500만 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 즉시 발효되며 기한이 정해져 있지 않고 언제든지 변경되거나 중단될 수 있습니다.
브루스 루카스 CEO는 최근 기업공개(IPO) 이후 회사의 탄탄한 자본 상황과 예상보다 좋은 순이익률이 이번 조치를 가능하게 한 주요 요인이라고 밝혔습니다. 자사주 매입은 공개 시장 거래, 사적 협상 또는 연방 증권법에 부합하는 기타 방식으로 이뤄질 수 있으며, 시기와 규모는 시장 상황, 유동성 필요성 및 기타 요인에 따라 결정됩니다.
이 프로그램은 내부자 거래 차단 기간에도 자사주 매입을 허용하는 규칙 10b5-1에 따라 시행되지만, 회사가 특정 수량의 주식을 반드시 매수해야 하는 의무는 없습니다.
Slide Insurance Holdings (Nasdaq: SLDE) a annoncé un important programme de rachat d’actions de 75 millions de dollars autorisé par son conseil d’administration. Le programme prend effet immédiatement, n’a pas de limite de durée et peut être modifié ou suspendu à tout moment.
Le PDG Bruce Lucas a indiqué que la solide position en capital de la société après son introduction en bourse récente et des marges nettes supérieures aux attentes sont des facteurs clés ayant rendu cette initiative possible. Les rachats pourront être effectués par des transactions sur le marché ouvert, des négociations privées ou d’autres structures conformes aux lois fédérales sur les valeurs mobilières, le calendrier et le volume dépendant des conditions de marché, des besoins de liquidité et d’autres facteurs.
Le programme sera mis en œuvre conformément à la règle 10b5-1, permettant les rachats d’actions pendant les périodes de blackout des initiés, sans toutefois obliger la société à acquérir un nombre précis d’actions.
Slide Insurance Holdings (Nasdaq: SLDE) hat ein bedeutendes Aktienrückkaufprogramm in Höhe von 75 Millionen US-Dollar angekündigt, das vom Vorstand genehmigt wurde. Das Programm tritt sofort in Kraft, ist zeitlich nicht begrenzt und kann jederzeit geändert oder ausgesetzt werden.
CEO Bruce Lucas nannte die starke Kapitalausstattung des Unternehmens nach dem jüngsten Börsengang und die besser als erwarteten Nettomargen als wesentliche Faktoren, die diese Maßnahme ermöglichen. Die Rückkäufe können über den offenen Markt, private Verhandlungen oder andere mit Bundeswertpapiergesetzen konforme Strukturen erfolgen; Timing und Volumen hängen von Marktbedingungen, Liquiditätsbedarf und weiteren Faktoren ab.
Das Programm wird gemäß Regel 10b5-1 umgesetzt, die Aktienrückkäufe auch während Insider-Blackout-Perioden erlaubt, wobei das Unternehmen nicht verpflichtet ist, eine bestimmte Anzahl von Aktien zu erwerben.
- Authorization of $75 million stock repurchase program indicates strong financial position
- Better than expected net margins reported by the company
- Strong capital position following recent IPO
- Potential increase in return on equity for shareholders
- Flexibility in repurchase timing and execution through Rule 10b5-1 plan
- No specific timeframe provided for the completion of the buyback program
- Program can be modified, suspended, or discontinued without prior notice
- Company has limited operating history as mentioned in risk factors
Insights
Slide's $75M buyback signals management confidence and aims to boost ROE amid strong post-IPO capital position.
Slide Insurance has announced a substantial
The repurchase authorization is strategically flexible, allowing management to buy shares when they believe the stock is trading below fair value. This approach serves a dual purpose: it increases return on equity (ROE) for existing shareholders while potentially providing price support for the stock.
The company's flexible implementation strategy is noteworthy. By potentially utilizing Rule 10b5-1 plans, Slide can continue repurchases during blackout periods when insiders would typically be restricted from trading. The program's design - with no expiration date and the ability to modify or suspend - gives management significant discretion to time purchases optimally.
From a capital allocation perspective, this signals management believes share repurchases currently offer better returns than alternative uses of capital, such as accelerated growth initiatives or increased underwriting capacity. For a recently public insurance company, this balanced approach of maintaining strong capitalization while returning value to shareholders suggests a disciplined financial strategy.
TAMPA, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. (“Slide” or the “Company”) (Nasdaq: SLDE) today announced that its Board of Directors has authorized the repurchase of up to
“The initiation of our stock repurchase program is reflective of our strong confidence in our strategic direction, superior underwriting capabilities and well-capitalized balance sheet,” said Bruce Lucas, Chairman and Chief Executive Officer of Slide. “Slide has a very robust balance sheet from our recent IPO as well as better than expected net margins. As a result, our capital position is very strong and we will use it to repurchase common stock when we believe it is below fair value. Share repurchases at this level provide an excellent opportunity to increase return on equity and build long-term value for our shareholders.”
Share repurchases under the stock repurchase program may be made in the open market at prevailing market prices, through privately negotiated transactions, or through other structures in accordance with applicable federal securities laws, at times and in amounts as management deems appropriate. The timing and the amount of any common stock repurchases will be determined by the Company’s management based on its evaluation of market conditions, the company’s liquidity needs, corporate and regulatory requirements and restrictions, share price, trading volume and other factors. Repurchases of common stock may be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the company might otherwise be precluded from doing so under insider trading laws. The repurchase program does not obligate the company to purchase any particular number of shares and may be suspended, modified, or discontinued at any time without prior notice.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “aim,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology and relate, without limitation, to the Company’s beliefs and expectations regarding the Company’s projections of future financial performance including net margins and its share repurchase program and its ability to increase return on equity and build long-term value for shareholders. These statements are only predictions based on Slide’s current expectations and projections about future events and are not guarantees of actual results, level of activity, performance or achievements. Although Slide believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, there are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from those anticipated in any forward-looking statements, including, among others, our limited operating history; the success of the Company’s underwriting and profitability initiatives; inflation and other changes in economic conditions (including changes in interest rates and financial and real estate markets), including changes that may impact demand for our products and our operations; lack of effectiveness of exclusions and loss limitation methods in the insurance policies we assume or write; inherent uncertainty of our models and our reliance on such models as a tool to evaluate risk; the impact of macroeconomic conditions, including declining consumer confidence, inflation, high unemployment and the threat of recession; the impact of new federal and state regulations that affect the property and casualty insurance market and our failure to meet increased regulatory requirements, including minimum capital and surplus requirements; the cost of reinsurance, the collectability of reinsurance and our ability to obtain reinsurance coverage on terms and at a cost acceptable to us; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; performance of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes, wildfires and hail); acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission.
Any forward-looking statement made by Slide in this press release speak only as of the date on which it is made. Slide undertakes no obligation to update any forward-looking statement, whether as a result of new information, actual results, revised expectations or otherwise, except as may be required by law.
About Slide
Slide is a technology-enabled insurance company that makes it easy for homeowners to choose the right coverage for their unique needs and budgets. Slide's cutting-edge technology leverages artificial intelligence and big data to optimize and streamline every part of the insurance process. Based in Tampa, FL, Slide was founded by Bruce and Shannon Lucas, insurance insiders with a deep understanding of how technology can be applied to achieve better underwriting outcomes. For more information, please visit https://www.slideinsurance.com.
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