Slide Reports Third Quarter 2026 Results
Higher earnings guidance includes up to $50 million of fourth-quarter pre-tax hurricane losses.
Sentiment and the balance of points
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Rhea-AI Summary
Slide Insurance Holdings (Nasdaq: SLDE) reported third-quarter 2026 net income of $138.2 million, up 24.5% from the prior-year period. Diluted earnings per share rose 37.3% to $1.09, while revenue increased 35.9% to $361.1 million and gross premiums written grew 9.3% to $506.6 million. The combined ratio, measuring claims and operating expenses against net premiums earned, worsened to 59.3% from 48.5%, reflecting higher catastrophe losses.
Slide declared a $1.50 special dividend payable November 30, 2026, and closed a $1.07 billion credit facility replacing its $530.4 million agreement. The company raised full-year net income guidance to $500 million–$520 million from $455 million–$470 million and lifted its gross written premiums range to $1.90 billion–$1.95 billion from $1.85 billion–$1.95 billion. The outlook includes up to $50 million of fourth-quarter pre-tax losses related to Hurricane Isaias.
How this balance works
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Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major point. Forward-looking: it has not happened yet and may not happen.Full-year net income guidance increased to $500 million–$520 million from $455 million–$470 million.
- Moderate pointThird-quarter net income increased 24.5% to $138.2 million from $111.0 million a year earlier.
- Moderate pointThird-quarter diluted earnings per share rose 37.3% to $1.09 from $0.79 a year earlier.
- Moderate pointThird-quarter revenue increased 35.9% to $361.1 million from $265.7 million a year earlier.
- Moderate pointGross premiums written grew 9.3% to $506.6 million in the third quarter from $463.4 million.
- Moderate pointNet premiums earned rose 37.1% to $333.3 million in the third quarter from $243.1 million.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Full-year gross written premiums guidance increased to $1.90 billion–$1.95 billion from $1.85 billion–$1.95 billion.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Special dividend of $1.50 per share is payable November 30, 2026.
- Moderate pointNew $1.07 billion credit facility replaces the existing $530.4 million agreement. 31% of market cap
- Moderate pointAccident-year loss ratio, excluding catastrophes and prior-period reserve changes, improved to 25.5% from 27.5% year over year.
- Moderate pointThird-quarter expense ratio improved to 28.9% from 34.8% a year earlier.
14 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.Full-year return on equity is expected to exceed 40% under the updated outlook.
- Minor pointFavorable prior-period reserve development totaled $18.0 million in the third quarter.
- Minor pointThird-quarter net investment income rose to $23.837 million from $19.093 million a year earlier.
- Minor pointThird-quarter income tax expense declined to $23.516 million from $36.018 million a year earlier.
- Minor pointNine-month net income increased to $412.607 million from $273.572 million in the prior-year period.
- Minor pointNine-month diluted earnings per share increased to $3.17 from $2.11 in the prior-year period.
- Minor pointNine-month revenue increased to $1,137.150 million from $808.894 million in the prior-year period.
- Minor pointNine-month gross premiums written increased to $1,429.382 million from $1,177.027 million in the prior-year period.
- Minor pointNine-month net premiums earned increased to $1,059.864 million from $752.954 million in the prior-year period.
- Minor pointNine-month combined ratio improved to 57.4% from 58.3% in the prior-year period.
- Minor pointShareholders’ equity increased to $1,302.663 million at September 30, 2026, from $1,113.241 million at December 31, 2025.
- Minor pointLong-term debt, net, decreased to $27.613 million at September 30, 2026, from $33.687 million at December 31, 2025.
- Minor pointShare repurchases since the IPO totaled $230.9 million, generating a 56.8% return as of October 21, 2026.
- Minor pointRepurchase authorization remaining totaled $114.1 million.
Negative
- Moderate pointThird-quarter combined ratio worsened to 59.3% from 48.5% a year earlier, primarily reflecting higher catastrophe losses.
- Moderate pointThird-quarter catastrophe losses from Florida convective storms totaled $34.2 million. 1% of market cap
- Moderate point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter Hurricane Isaias pre-tax losses of up to $50 million are included in full-year guidance. 1.5% of market cap
- Minor pointThird-quarter losses and loss adjustment expenses increased to $101.315 million from $33.240 million a year earlier.
- Minor pointThird-quarter policy acquisition and underwriting expenses increased to $46.2 million from $36.4 million a year earlier.
4 minor points
- Minor pointThird-quarter general and administrative expenses increased to $48.8 million from $45.0 million a year earlier.
- Minor pointThird-quarter interest expense increased to $1.587 million from $0.909 million a year earlier.
- Minor pointThird-quarter return on equity declined to 11.1% from 12.1% a year earlier.
- Minor pointNine-month return on equity declined to 34.2% from 39.2% in the prior-year period.
News Explained
The board also declared a quarterly cash dividend of
Details
Market move: SLDE +4.61% vs previous close. 3Q26 earnings report
On Oct 27, the day this news came out, the latest delayed price for SLDE is 4.61% above the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $29.70.
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Key Figures
- Gross premiums written
- $506.6 million; up 9.3% year-over-year
- Third quarter 2026
- Net income
- $138.2 million; up 24.5% year-over-year
- Third quarter 2026
- Diluted EPS
- $1.09; up 37.3% year-over-year
- Third quarter 2026
- Combined ratio
- 59.3%, compared to 48.5%
- Third quarter 2026 versus prior-year period; higher catastrophe losses were cited
- Special dividend
- $1.50 per share
- One-time special dividend; payable November 30, 2026
- Credit facility
- $1.07 billion
- New facility replacing the existing $530.4 million credit agreement
- Full-year gross written premiums outlook
- $1.90 billion to $1.95 billion
- 2026 outlook; prior range was $1.85 billion to $1.95 billion
- Full-year net income outlook
- $500 million to $520 million
- 2026 outlook; prior range was $455 million to $470 million
Previous Earnings Reports
-
Q2 reported premium and net income growth, while maintaining its full-year 2026 guidance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
loss adjustment expenses (lae) financial
combined ratio financial
accident year loss ratio financial
non-gaap financial measure financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Gross Premiums Written Grew
- Net Income Increased
- Special Dividend of
- Closed New
TAMPA, Fla., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. (Nasdaq: SLDE) (“Slide” or “the Company”) today reported results for the third quarter ended September 30, 2026.
- Gross premiums written grew
9.3% to$506.6 million , compared to$463.4 million in the prior-year period. - Total revenue increased
35.9% to$361.1 million , compared to$265.7 million in the prior-year period. - Net income grew
24.5% to$138.2 million , compared to$111.0 million in the prior-year period. Diluted earnings per share for the third quarter of 2026 increased37.3% to$1.09 , compared to$0.79 in the prior-year period. - Combined ratio of
59.3% , compared to48.5% in the prior-year period, primarily reflecting higher catastrophe losses during the quarter as compared to the prior year period, partially offset by improved operating leverage. - Average return on equity in the quarter was
11.1% , compared to12.1% in the prior-year period. Annualized return on equity is44.4% .
“We continued to build on our momentum in the third quarter, delivering another period of strong results and disciplined execution,” said Bruce Lucas, Chairman and Chief Executive Officer of Slide. “We achieved another quarter of double-digit growth on our bottom line while making solid progress with writing residential E&S policies in California and expanding our homeowners solutions in South Carolina and Rhode Island. Earlier this month, we started writing residential business in Texas, further expanding our geographic footprint. In addition, Slide’s Board of Directors were pleased to declare a one-time special dividend of
Third Quarter 2026 Operating Results
Gross premiums written were
Net premiums earned grew
Losses and loss adjustment expenses (LAE) incurred, net were
Policy acquisition and other underwriting expenses were
General and administrative expenses were
Combined ratio for the third quarter of 2026 was
Net income grew
Capital Allocation
On October 27, 2026, the Company announced that it has declared a quarterly cash dividend of
In addition, Slide’s Board of Directors declared a one-time special dividend of
The Company will have returned an estimated
$192.2 million in estimated quarterly and special dividends, as mentioned above.$230.9 million in share repurchases, which have generated a56.8% return on investment as of October 21, 2026.
The Company did not repurchase any shares during the third quarter of 2026. There remains
Credit Facility
On October 27, 2026, Slide entered into a new Credit Agreement with a syndicate of financial institutions led by Huntington National Bank. The new Credit Agreement provides a total credit facility of
Borrowings under the new facility may be used for general corporate purposes of the Company and its subsidiaries, including a refinance of existing indebtedness and to support growth initiatives.
Raising Full Year 2026 Outlook
The Company raised the lower end of its gross written premiums range and now expects to generate full year gross written premiums in the range of
Top-line growth is expected to be driven primarily by sustained organic expansion, including double-digit increases outside of Florida, complemented by selective growth opportunities within Florida that meet the Company’s return threshold.
The Company also raised its expectations to generate full year net income in the range of
Key Ratios
In this press release we discuss certain key ratios, described below, which provide useful information about our business and the operational factors underlying our financial performance.
Loss ratio, expressed as a percentage, is the ratio of losses and loss adjustment expenses incurred, net to net premiums earned.
Accident year loss ratio, expressed as a percentage, is the ratio of losses and loss adjustment expenses incurred, net, less catastrophe losses and prior period development, to net premiums earned. Accident year loss ratio is a Non-GAAP financial measure. We use accident year loss ratio as an internal performance measure.
Policy acquisition expense ratio, expressed as a percentage, is the ratio of policy acquisition expenses and other underwriting expenses to net premiums earned.
Expense ratio, expressed as a percentage, is the ratio of policy acquisition and other underwriting expenses, general and administrative expenses, and other operating expense to net premiums earned.
Combined ratio, is the sum of the loss ratio and the expense ratio. A combined ratio under
Return on equity, represents net income as a percentage of average beginning and ending shareholders’ equity during the period.
Webcast and Conference Call
Slide will hold a conference call to discuss financial results tomorrow, October 28, 2026, at 8:30 am Eastern Time. A live webcast of the conference call will be available at ir.slideinsurance.com. The dial-in number for the conference call is (877) 407-9208 (toll-free) or (201) 493-6784 (international). Please dial the number 10 minutes prior to the scheduled start time.
A webcast replay of the call will be available at ir.slideinsurance.com for one year following the call.
Forward-Looking Statements
Statements in this press release and the Company’s earnings call 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 (i). projections of future financial performance, including its full year 2026 outlook with respect to gross premiums written ,net income and return on equity, (ii) ability to execute its growth strategies, (iii) business trends, (iv) sustainable, long-term growth, including the drivers of such growth, (v) competitive advantages, (vi) ability to achieve top-line growth and margin expansion and create long-term value for its shareholders, (vii) underwriting profitability, (viii) capital allocation strategy, including the use of capital for share repurchases and dividends, and (ix) capitalization and profitability. 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 and the earnings call speak only as of the date on which such statement 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, Fla., 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.
Contacts
Investors
ir@slideinsurance.com
Media
Rachel Carr
Chief Marketing Officer
press@slideinsurance.com
| Slide Insurance Holdings, Inc. Condensed Consolidated Statements of Operations and Key Ratios (Unaudited) (Dollar amounts in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Revenues: | ||||||||||||||||
| Gross premiums written | $ | 506,576 | $ | 463,394 | $ | 1,429,382 | $ | 1,177,027 | ||||||||
| Change in unearned premiums | (27,272 | ) | (104,031 | ) | 17,005 | (128,115 | ) | |||||||||
| Gross premiums earned | 479,304 | 359,363 | 1,446,387 | 1,048,912 | ||||||||||||
| Ceded premiums earned | (145,958 | ) | (116,309 | ) | (386,523 | ) | (295,958 | ) | ||||||||
| Net premiums earned | 333,346 | 243,054 | 1,059,864 | 752,954 | ||||||||||||
| Net investment income | 23,837 | 19,093 | 66,106 | 47,941 | ||||||||||||
| Policy fees | 3,155 | 2,440 | 9,127 | 6,428 | ||||||||||||
| Other income | 713 | 1,106 | 2,053 | 1,571 | ||||||||||||
| Total revenue | $ | 361,051 | $ | 265,693 | $ | 1,137,150 | $ | 808,894 | ||||||||
| Expenses: | ||||||||||||||||
| Losses and loss adjustment expenses incurred, net | 101,315 | 33,240 | 321,128 | 208,370 | ||||||||||||
| Policy acquisition and other underwriting expenses | 46,194 | 36,393 | 132,600 | 97,062 | ||||||||||||
| General and administrative expenses | 48,846 | 45,005 | 150,045 | 124,318 | ||||||||||||
| Interest expense | 1,587 | 909 | 3,363 | 2,739 | ||||||||||||
| Depreciation expense | 1,363 | 1,230 | 4,033 | 3,493 | ||||||||||||
| Amortization expense | — | 1,901 | 99 | 5,693 | ||||||||||||
| Total expenses | $ | 199,305 | $ | 118,678 | $ | 611,268 | $ | 441,675 | ||||||||
| Net income before income tax expense | 161,746 | 147,015 | 525,882 | 367,219 | ||||||||||||
| Income tax expense | 23,516 | 36,018 | 113,275 | 93,647 | ||||||||||||
| Net income | $ | 138,230 | $ | 110,997 | $ | 412,607 | $ | 273,572 | ||||||||
| Key Ratios | ||||||||||||||||
| Loss ratio | 30.4 | % | 13.7 | % | 30.3 | % | 27.7 | % | ||||||||
| Policy acquisition expense ratio | 13.9 | % | 15.0 | % | 12.5 | % | 12.9 | % | ||||||||
| Expense ratio | 28.9 | % | 34.8 | % | 27.1 | % | 30.6 | % | ||||||||
| Combined ratio | 59.3 | % | 48.5 | % | 57.4 | % | 58.3 | % | ||||||||
| Return on equity | 11.1 | % | 12.1 | % | 34.2 | % | 39.2 | % | ||||||||
| Weighted average shares outstanding (in thousands) | ||||||||||||||||
| Basic | 116,759 | 125,249 | 118,478 | 83,126 | ||||||||||||
| Diluted | 127,128 | 140,113 | 130,338 | 129,916 | ||||||||||||
| Earnings per share | ||||||||||||||||
| Basic | 1.18 | 0.89 | 3.48 | 3.29 | ||||||||||||
| Diluted | 1.09 | 0.79 | 3.17 | 2.11 | ||||||||||||
| Slide Insurance Holdings, Inc. Condensed Consolidated Balance Sheets (Dollar amounts in thousands, except per share and par value amounts) | ||||||||
| September 30, 2026 | December 31, 2025 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Invested assets: | ||||||||
| Fixed-maturity securities, available-for-sale, at estimated fair value (amortized costs: | $ | 819,318 | $ | 589,720 | ||||
| Equity securities, at fair value | $ | 23,782 | - | |||||
| Other investments, net | 6,667 | 4,000 | ||||||
| Total invested assets | $ | 849,767 | $ | 593,720 | ||||
| Cash and cash equivalents | 700,575 | 1,201,210 | ||||||
| Restricted cash and cash equivalents | 798 | 786 | ||||||
| Restricted cash and cash equivalents - variable interest entity | 1,015,713 | 480,972 | ||||||
| Accrued interest income | 12,330 | 7,281 | ||||||
| Assumed premiums receivable | 11,502 | 34,290 | ||||||
| Premiums receivable, net of allowance for credit loss of | 106,625 | 90,576 | ||||||
| Reinsurance recoverable on paid losses, net of allowance for credit loss: | 11,233 | 16,183 | ||||||
| Reinsurance recoverable on unpaid losses, net of allowance for credit loss: | 106,069 | 146,128 | ||||||
| Prepaid reinsurance premiums | 397,825 | 202,748 | ||||||
| Deferred income tax assets, net | 28,324 | 18,332 | ||||||
| Deferred policy acquisition costs | 110,263 | 93,728 | ||||||
| Property and equipment, net | 15,330 | 11,585 | ||||||
| Right-of-use lease assets, operating | 7,194 | 8,476 | ||||||
| Intangibles, net | — | 99 | ||||||
| Goodwill | 2,603 | 2,603 | ||||||
| Prepaid expenses | 14,127 | 8,932 | ||||||
| Other assets | 494 | 816 | ||||||
| Total assets | $ | 3,390,772 | $ | 2,918,465 | ||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Liabilities: | ||||||||
| Loss and loss adjustment expense reserves | $ | 503,870 | $ | 439,715 | ||||
| Unearned premiums | 983,603 | 1,000,611 | ||||||
| Commissions payable | 15,757 | 9,049 | ||||||
| Deferred revenue | 90 | 90 | ||||||
| Reinsurance premiums payable | 324,212 | 160,330 | ||||||
| Long-term debt, net | 27,613 | 33,687 | ||||||
| Interest rate swap liability | — | 62 | ||||||
| Income taxes payable | 75,460 | 93,555 | ||||||
| Advanced premiums | 75,410 | 30,518 | ||||||
| Premium tax liabilities | 31,104 | 5,075 | ||||||
| Accounts payable and accrued expenses | 31,145 | 19,768 | ||||||
| Lease liabilities, operating | 8,463 | 9,649 | ||||||
| Other liabilities | 11,382 | 3,115 | ||||||
| Total liabilities | $ | 2,088,109 | $ | 1,805,224 | ||||
| Shareholders’ equity: | ||||||||
| Common Stock (par value | 1,173 | 1,239 | ||||||
| Additional paid-in capital | 170,339 | 351,688 | ||||||
| Accumulated other comprehensive income (loss), net of taxes | (26,421 | ) | 7,165 | |||||
| Retained earnings | 1,157,572 | 753,149 | ||||||
| Total shareholders’ equity | $ | 1,302,663 | $ | 1,113,241 | ||||
| Total liabilities and shareholders’ equity | $ | 3,390,772 | $ | 2,918,465 | ||||
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does Slide pay its special dividend, and who qualifies?
Slide will pay its $1.50-per-share special dividend on November 30, 2026, to shareholders of record on November 23, 2026. Its regular quarterly dividend of $0.07 per share has the same payment and record dates.
What is Slide’s updated full-year 2026 earnings outlook?
Slide expects full-year 2026 net income of $500 million to $520 million, compared with its previous range of $455 million to $470 million. The updated outlook includes up to $50 million of fourth-quarter pre-tax losses related to Hurricane Isaias and implies full-year return on equity above 40%.
Who leads Slide’s new credit facility, and what can the borrowings fund?
Huntington National Bank leads the syndicate providing Slide’s new credit facility, and borrowings may fund general corporate purposes, refinancing existing indebtedness and growth initiatives. Slide entered into the credit agreement on October 27, 2026.