Slide Insurance (Nasdaq: SLDE) Q2 net income up 92.4% to $134.9M
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. reported strong second quarter 2026 results, with gross premiums written up 16.7% to $508.0 million and total revenue up 47.9% to $386.8 million versus the prior-year period. Net premiums earned rose to $360.6 million.
Net income increased 92.4% year-over-year to $134.9 million, and diluted EPS was $1.06. The loss ratio improved to 30.2% and the combined ratio to 57.6% from 67.4%, reflecting better loss experience and operating leverage. Return on equity for the quarter was 11.7%.
For the first half of 2026, revenue reached $776.1 million and net income $274.4 million. Total assets were $3.60 billion and shareholders’ equity $1.19 billion as of June 30, 2026. The company repurchased 2,997,980 shares at $17.95, declared an initial $0.07 quarterly dividend, and reaffirmed 2026 guidance for $1.85–$1.95 billion in gross written premiums and $455–$470 million in net income.
Positive
- Net income up 92.4% year-over-year to $134.9 million in Q2 2026, with diluted EPS of $1.06 and combined ratio improving to 57.6%, indicating very strong underwriting profitability.
- Total revenue grew 47.9% to $386.8 million while gross premiums written rose 16.7% to $508.0 million, driven by voluntary homeowners growth and renewals of acquired Citizens policies.
- Capital returns strengthened as Slide repurchased 2,997,980 shares at $17.95, initiated a quarterly dividend of $0.07 per share, and reaffirmed 2026 net income guidance of $455–$470 million.
Negative
- None.
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Earnings Snapshot
For full year 2026, Slide expects gross written premiums between $1.85 billion and $1.95 billion and net income between $455 million and $470 million.
AI-generated analysis. How Rhea-AI works. Not financial advice.
