Slide Insurance Holdings (SLDE)

• Slide Insurance Holdings, Inc. reported record Q3 2025 financial results, with total revenue increasing 32.8% to $265.7 million and net income more than sextupling to $111.0 million compared to the prior-year period.
• The company achieved a record low loss ratio of 13.7% and a record low combined ratio of 48.5% in Q3 2025, demonstrating superior underwriting performance.
• Policies in force grew 27.8% to 351,707 and gross premiums written increased 33.8% to $463.4 million as of September 30, 2025, reflecting strong growth.
• The Board increased its stock repurchase authorization to $120 million, with $100 million remaining, following the repurchase of 1,406,712 shares at an average price of $14.22 per share during Q3 2025.
• Slide assumed 60,147 policies from Citizens in October 2025 and anticipates reaching $1 billion in shareholders' equity in Q4 2025.

Slide Insurance Holdings reported a record third quarter for 2025, demonstrating significant top and bottom-line growth, as detailed in the table below. The company's profitability metrics, including its combined ratio and return on equity, showed substantial improvement compared to the prior year period. Slide repurchased shares during Q3 2025 and expanded its share repurchase authorization, indicating confidence in its valuation and strong capital position. Growth initiatives include the assumption of 60,186 policies from Citizens in October, record voluntary premium growth, and plans for expansion into New York, New Jersey, and California in the first half of 2026. The company announced key management changes, including the appointment of Andy O'Miridis as the new CFO effective December 1, 2025, and Shannon Lucas transitioning to President and COO.

• Slide Insurance Holdings reported a strong Q3 2025, with gross premiums written increasing 33.8% year-over-year to $463 million and total revenue up 33% to $265.7 million.
• Net income more than six-folded to $111 million (from $17.6 million in prior year) and diluted earnings per share was $0.79. The combined ratio improved significantly to 48.5% from 94.3% year-over-year, driven by a 13.7% loss ratio.
• The company repurchased over 1.4 million shares at an average price of $14.22 in Q3 2025, and the board increased the share repurchase authorization to $120 million, with $100 million remaining.
• Slide assumed 60,186 policies from Citizens in October and is preparing for accelerated growth in 2026, including expansion into new states like New York, New Jersey, and California.
• Key management changes include the promotion of Shannon Lucas to President and COO, Matt Larson to CRO, and the appointment of Andy O'Miridis as the new CFO effective December 1, 2025.

• Slide Insurance Holdings Inc. reported a record Third Quarter 2025, with gross premiums written increasing 33.8% year-over-year to $463 million and net income more than sixfold to $111 million, resulting in a Return on Equity of 12.1% for the quarter and a combined ratio of 48.5%.
• The company repurchased over 1.4 million shares at an average price of $14.22 in Q3 2025 and the board increased the share repurchase authorization to $120 million, with $100 million remaining.
• Slide assumed 60,186 policies from Citizens in October and is expanding its footprint, with substantial growth in South Carolina and plans to launch in New York and New Jersey in the first half of 2026.
• The company announced several management changes, including the promotion of Shannon Lucas to President and COO, Matt Larson to CRO, and the appointment of Andy O'Miridis as the new CFO effective December 1, 2025, with current CFO Jesse Schalk assisting with the transition until March 2, 2026.