Slide Insurance (NASDAQ: SLDE) Q1 net income jumps 51% on growth

Rhea-AI Filing Summary

Slide Insurance Holdings, Inc. reported strong first quarter 2026 results. Gross premiums written rose 49.1% year-over-year to $414.8 million, with total revenue up 38.2% to $389.3 million as policies in force grew 46% to 508,928.

Net income increased 50.8% to $139.5 million, and diluted EPS was $1.02. The combined ratio improved to 55.5%, reflecting lower catastrophe losses and operating leverage, while return on equity was 12.5%. The company repurchased 7.7 million shares at an average $17.75 and reiterated full-year 2026 guidance for gross written premiums of $1.85–$1.95 billion and net income of $455–$470 million.

Positive

• Strong profitable growth: Q1 2026 gross premiums written grew 49.1% to $414.8 million and net income rose 50.8% to $139.5 million, with a combined ratio of 55.5% indicating robust underwriting profitability.

Negative

• None.

Insights

Insurance sector equity analyst

Slide delivered rapid growth, solid underwriting profit and sizable buybacks.

Slide Insurance posted first quarter 2026 gross premiums written of $414.8 million, up 49.1%, and total revenue of $389.3 million, up 38.2% year-over-year. Net income rose 50.8% to $139.5 million, with diluted EPS of $1.02.

Underwriting performance remained strong, with a loss ratio of 30.4% and a combined ratio improving to 55.5%, helped by lower catastrophe losses and operating leverage. Return on equity was 12.5%, indicating healthy profitability on a growing equity base of about $1.11 billion.

Capital deployment was active: the company repurchased 7,724,240 shares at a weighted average price of $17.75, and has bought 13,349,752 shares for $230.9 million since its IPO. Management reiterated 2026 targets for gross written premiums of $1.85–$1.95 billion and net income of $455–$470 million, framing expectations for performance through full-year 2026.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Gross premiums written: $414.8M Total revenue: $389.3M Net income: $139.5M +5 more

8 metrics

Gross premiums written $414.8M Q1 2026, up 49.1% year-over-year

Total revenue $389.3M Q1 2026, up 38.2% year-over-year

Net income $139.5M Q1 2026, up 50.8% year-over-year

Diluted EPS $1.02 Q1 2026 earnings per share

Combined ratio 55.5% Q1 2026 underwriting profitability metric

Return on equity 12.5% Q1 2026 average ROE

Share repurchases in quarter 7,724,240 shares at $17.75 Q1 2026 buybacks under $245M total programs

2026 net income guidance $455–$470M Reiterated full-year 2026 outlook

Key Terms

combined ratio, loss ratio, policy acquisition expense ratio, return on equity, +1 more

5 terms

combined ratio financial

"Combined ratio of 55.5% improved 340 basis points compared to 58.9% in the prior-year period"

The combined ratio is a way insurance companies measure how well they are doing by adding up all their costs and claims and comparing them to the money they earn from premiums. If the ratio is below 100%, it means the company is making a profit; if it's above 100%, they are losing money. It helps see if an insurance company is financially healthy or not.

loss ratio financial

"Loss ratio improved to 30.4%, compared to 31.5% in the prior-year period"

Loss ratio is the percentage of an insurer’s collected premiums that is paid out to cover claims and related costs, showing how much of customer payments are used to settle losses. Investors treat it like a fuel-efficiency gauge for an insurance business—lower loss ratios suggest pricing and risk selection leave more room for profit, while consistently high ratios signal weak pricing, rising claims, or not enough money set aside, which can hurt returns.

policy acquisition expense ratio financial

"Policy acquisition expense ratio is the ratio, expressed as a percentage, of policy acquisition expenses and other underwriting expenses"

The policy acquisition expense ratio measures the share of insurance premiums that a company spends to write new policies, covering costs like sales commissions, underwriting and marketing. Investors use it to judge how efficiently an insurer grows: like checking how much you spend to gain each new customer, a lower ratio suggests cheaper, more scalable growth and higher potential profits, while a rising ratio can erode margins and signal costly expansion.

return on equity financial

"Average return on equity in the quarter was 12.5%."

Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.

gross premiums written financial

"Gross premiums written grew 49.1% to $414.8 million, compared to $278.2 million in the prior-year period."

Gross premiums written is the total dollar value of all insurance policies an insurer issues or renews over a period, measured before subtracting amounts passed on to other insurers (reinsurance) or cancellations. Think of it as a store’s total receipts from sales before returns and wholesaler fees; it shows how much business the company is generating but not how much it keeps as profit, so investors use it to gauge growth and market activity.

Earnings Snapshot

Total revenue: $389.3M · Guidance included

Q1 2026

Total revenue $389.3M +38.2% YoY

Net income $139.5M +50.8% YoY

Diluted EPS $1.02 +36% YoY vs $0.75

Gross premiums written $414.8M +49.1% YoY

Guidance

Company reiterated full-year 2026 guidance for gross written premiums of $1.85–$1.95 billion and net income of $455–$470 million.

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2026

Slide Insurance Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-42707	87-1554861
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
4221 W. Boy Scout Blvd., Suite 200
Tampa, Florida				33607
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 813 748-2030

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		SLDE		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On April 28, 2026, Slide Insurance Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated by reference.

Information in Exhibit 99.1 of this Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Press Release dated as of April 28, 2026
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Slide Insurance Holdings, Inc.
Date:	April 28, 2026	By:	/s/ ANDY OMIRIDIS
			Name: Andy Omiridis Title: Chief Financial Officer

Exhibit 99.1

SLIDE REPORTS FIRST QUARTER 2026 RESULTS

- Gross Premiums Written Grew 49.1% Year-over-Year to $414.8 Million -

- Net Income Increased 50.8% Year-over-Year to $139.5 Million; $1.02 Diluted Earnings Per Share -

- Combined Ratio Improved to 55.5% -

Tampa, Florida – April 28, 2026 – Slide Insurance Holdings, Inc. (Nasdaq: SLDE) today reported results for the first quarter ended March 31, 2026.

First Quarter 2026 Highlights

-Gross premiums written grew 49.1% to $414.8 million, compared to $278.2 million in the prior-year period.

-Total policies in force at the end of the period was 508,928, a 46% increase compared to prior year.

-Total revenue increased 38.2% to $389.3 million, compared to $281.6 million in the prior-year period.

-Net income increased 50.8% to $139.5 million, compared to $92.5 million in the prior-year period. Diluted earnings per share for the first quarter of 2026 was $1.02.

-Combined ratio of 55.5% improved 340 basis points compared to 58.9% in the prior-year period reflecting lower loss ratio and improved operating leverage.

-Average return on equity in the quarter was 12.5%.

“Our first quarter results reflect strong execution across our business and reinforce the capability of our operating model,” said Bruce Lucas, Chairman and Chief Executive Officer of Slide. “We continued to deliver robust growth while maintaining our commitment to disciplined underwriting and operational excellence. Our continued technology investments position us well to capitalize on additional expansion opportunities through the remainder of the year. As we move through 2026, we remain committed to our long-term diversified growth strategy and continue to be confident in delivering on our full-year targets while generating sustainable value for our shareholders.”

First Quarter 2026 Operating Results

Gross premiums written were $414.8 million, a 49.1% increase compared to $278.2 million in the prior-year period, driven by growth of voluntary new business, renewals of previously acquired Citizens policies, and further Citizens acquisitions.

Policies in force as of March 31, 2026 were 508,928, compared to 348,029 as of March 31, 2025, a 46% increase year-over-year. Sequentially, growth was primarily driven by the acquisition of additional policies from Citizens, favorable retention and voluntary new business.

Net premiums earned grew 37.5% to $365.9 million, compared to $266.0 million in the prior-year period, while total revenue of $389.3 million increased 38.2% compared to $281.6 million in the prior-year period. Growth was driven by increased policies in force.

Losses and loss adjustment expenses (LAE) incurred, net were $111.0 million, compared to $83.8 million in the prior-year period. Loss ratio improved to 30.4%, compared to 31.5% in the prior-year period, primarily due to a decrease in catastrophe losses.

Policy acquisition and other underwriting expenses were $44.1 million, compared to $28.6 million in the prior-year period. The increase was driven by increased renewal policies from prior year assumed Citizens' policies, resulting in increased policy acquisition costs in 2026.

General and administrative expenses were $46.2 million, compared to $41.4 million in the prior-year period, due primarily to the increased staffing costs to support the Company’s growth in policies in force.

The combined ratio improved to 55.5%, compared to 58.9% in the prior-year period, due primarily to decreased catastrophe losses and scaling impact in net earned premium growth with more moderate operating expense growth and a reduction in amortization expense as intangible assets were fully amortized at the end of 2025.

Net income grew 50.8% to $139.5 million, compared to $92.5 million in the prior-year period. Diluted earnings per share for the first quarter of 2026 was $1.02 and return on equity was 12.5% in the quarter.

Capital Allocation

During the quarter, the company repurchased 7,724,240 shares of its common stock at a weighted average price of $17.75 per share under the company's prior $120 million stock repurchase program and the new $125 million stock repurchase program the Board of Directors authorized on March 23, 2006.

Since its IPO in June of 2025, the Company has repurchased 13,349,752 shares of its common stock for $230.9 million, at a weighted average price of $17.30 per share, taking advantage of attractive market conditions to return capital to shareholders at an average share price that is less than 2% higher than the IPO issuance price.

The Company’s repurchases to date have reduced the IPO dilution to common shareholders from 13% to 3%.

Full Year 2026 Outlook

The Company reiterated its expectations to generate gross written premiums in the range of $1.85 billion to $1.95 billion.

Top-line growth is expected to be driven primarily by sustained organic expansion, including double-digit increases in policies in force including growth outside of Florida, complemented by selective growth opportunities within Florida that meet our return threshold.

The Company also reiterated its expectations to generate full year net income in the range of $455 million to $470 million.

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.

Policy acquisition expense ratio is the ratio, expressed as a percentage, 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 100% indicates an underwriting profit. A combined ratio over 100% indicates an underwriting loss.

Return on equity, expressed as a percentage, is a ratio of net income on an annualized basis 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, April 29, 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, (ii) 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, and (viii) 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 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, 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 (Unaudited)

(Dollar amounts in thousands)

		Three Months Ended March 31,
		2026				2025
Revenues:
Gross premiums written		$	414,792			$	278,249
Change in unearned premiums			66,194				72,642
Gross premiums earned			480,986				350,891
Ceded premiums earned			(115,103	)			(84,850	)
Net premiums earned			365,883				266,041
Net investment income			20,118				13,807
Policy fees			2,590				1,534
Other income			692				211
Total revenue		$	389,283			$	281,593
Expenses:
Losses and loss adjustment expenses incurred, net			111,073				83,761
Policy acquisition and other underwriting expenses			44,125				28,572
General and administrative expenses			46,173				41,378
Interest expense			852				934
Depreciation expense			1,315				1,146
Amortization expense			69				1,895
Total expenses		$	203,607			$	157,686
Net income before income tax expense			185,676				123,907
Income tax expense			46,149				31,404
Net income		$	139,527			$	92,503
Weighted average shares outstanding (in thousands)
Basic			123,342				56,600
Diluted			136,588				123,123
Earnings per share
Basic		$	1.13			$	1.63
Diluted		$	1.02			$	0.75

Slide Insurance Holdings, Inc.

Condensed Consolidated Balance Sheets

(Dollar amounts in thousands, except per share and par value amounts)

		March 31, 2026				December 31, 2025
		(Unaudited)
ASSETS
Invested assets:
Fixed-maturity securities, available-for-sale, at estimated fair value (amortized costs: $714,152    and $580,122, respectively and allowance for credit losses: $0 and $0 respectively)		$	716,037			$	589,720
Other investments, net			4,000				4,000
Total invested assets		$	720,037			$	593,720
Cash and cash equivalents			1,217,558				1,201,210
Restricted cash			793				786
Restricted cash - variable interest entity			482,050				480,972
Accrued interest income			9,084				7,281
Assumed premiums receivable			9,124				34,290
Premiums receivable, net of allowance for credit loss of $2,723 and $3,294, respectively			69,548				90,576
Reinsurance recoverable on paid losses, net of allowance for credit loss: $0 and $0, respectively			14,779				16,183
Reinsurance recoverable on unpaid losses, net of allowance for credit loss: $0 and $0, respectively			130,999				146,128
Prepaid reinsurance premiums			82,492				202,748
Deferred income tax assets, net			20,813				18,332
Deferred policy acquisition costs			88,291				93,728
Property and equipment, net			10,948				11,585
Right-of-use lease assets, operating			8,050				8,476
Intangibles, net			30				99
Goodwill			2,603				2,603
Prepaid expenses			11,425				8,932
Other assets			3,736				816
Total assets		$	2,882,360			$	2,918,465
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Loss and loss adjustment expense reserves		$	476,258			$	439,715
Unearned premiums			934,414				1,000,611
Commissions payable			12,406				9,049
Deferred revenue			90				90
Reinsurance premiums payable			68,931				160,330
Long-term debt, net			32,386				33,687
Interest rate swap liability			16				62
Income taxes payable			117,203				93,555
Advanced premiums			66,358				30,518
Premium tax liabilities			12,101				5,075
Accounts payable and accrued expenses			23,163				19,768
Lease liabilities, operating			9,294				9,649
Other liabilities			16,128				3,115
Total liabilities		$	1,768,748			$	1,805,224
Shareholders’ equity:
Common Stock (par value $0.01, 1,500,000,000 shares authorized, 117,565,731 and 123,889,446    issued and outstanding at March 31, 2026 and December 31, 2025, respectively)			1,176				1,239
Additional paid-in capital			218,342				351,688
Accumulated other comprehensive income, net of taxes			1,418				7,165
Retained earnings			892,676				753,149
Total shareholders’ equity		$	1,113,612			$	1,113,241
Total liabilities and shareholders’ equity		$	2,882,360			$	2,918,465

Slide Insurance Holdings, Inc.

Supplemental Information

		Three Months Ended March 31, (in thousands)								Year Ended December 31, 2025 (in thousands)
Revenue		2026				2025					2025
Gross premiums written		$	414,792			$	278,249			$		1,795,516
Policy fees			2,590				1,534					8,243
Total revenue		$	389,283			$	281,593			$		1,155,901
Net income		$	139,527			$	92,503			$		443,958
Key Ratios
Loss ratio			30.4	%			31.5	%				21.8	%
Policy acquisition expense ratio			12.1	%			10.7	%				12.9	%
Expense ratio			25.1	%			27.4	%				30.3	%
Combined ratio			55.5	%			58.9	%				52.1	%
Return on equity			12.5	%			19.2	%				57.4	%
		March 31, 2026 (in thousands)								December 31, 2025 (in thousands)
Total Assets		$					2,882,360			$		2,918,465
Shareholders' Equity							1,113,612					1,113,241
Total common shares outstanding							117,566					123,889

FAQ

How did Slide Insurance (SLDE) perform financially in Q1 2026?

Slide Insurance reported strong Q1 2026 results, with total revenue of $389.3 million, up 38.2% year-over-year, and net income of $139.5 million, up 50.8%. Diluted earnings per share were $1.02, reflecting profitable growth.

What were Slide Insurance (SLDE) gross premiums written in Q1 2026?

Gross premiums written in Q1 2026 were $414.8 million, a 49.1% increase from $278.2 million a year earlier. Growth was driven by voluntary new business, renewals of previously acquired Citizens policies, and additional Citizens policy acquisitions.

What was Slide Insurance (SLDE) combined ratio and loss ratio in Q1 2026?

In Q1 2026, Slide Insurance reported a combined ratio of 55.5% and a loss ratio of 30.4%. Both improved versus the prior year, helped by lower catastrophe losses and better operating leverage on higher net premiums earned.

How many Slide Insurance (SLDE) shares were repurchased in Q1 2026?

During Q1 2026, Slide Insurance repurchased 7,724,240 shares of common stock at a weighted average price of $17.75. Since its June 2025 IPO, it has repurchased 13,349,752 shares for $230.9 million in total.

What 2026 guidance did Slide Insurance (SLDE) reiterate?

Slide Insurance reiterated expectations for 2026 gross written premiums of $1.85–$1.95 billion and full-year net income of $455–$470 million. Management expects top-line growth mainly from sustained organic expansion and selective opportunities in Florida and other markets.

What was Slide Insurance (SLDE) return on equity in Q1 2026?

Slide Insurance reported an average return on equity of 12.5% in Q1 2026. This reflects annualized net income relative to average beginning and ending shareholders’ equity during the quarter, indicating solid profitability on its capital base.

Filing Exhibits & Attachments

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• EX-99.1 EX-99.1 396.6 KB

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