Slide Insurance Holdings, Inc. operates as a parent organization. Through its affiliated companies, its main business is providing property and casualty insurance, ...
Slide Insurance Holdings, Inc. is a U.S. property and casualty insurance organization focused primarily on residential property coverage. The company operates as a holding company and conducts its core insurance activities through affiliated entities, particularly Slide Insurance Company. Its target customers include homeowners and owners of residential properties such as ...Slide Insurance Holdings, Inc. is a U.S. property and casualty insurance organization focused primarily on residential property coverage. The company operates as a holding company and conducts its core insurance activities through affiliated entities, particularly Slide Insurance Company. Its target customers include homeowners and owners of residential properties such as detached houses and condominiums. The company positions itself as a technology-enabled insurer designed to make it easier for homeowners to select coverage suited to their individual protection requirements and budgets.
Slide was founded in 2021 by Bruce Lucas and Shannon Lucas and is headquartered at 4221 West Boy Scout Boulevard, Suite 200, Tampa, Florida. Bruce Thomas Lucas is the company’s co-founder, Chairman, and Chief Executive Officer. He has led the organization since its founding and brings more than 15 years of financial-services and insurance experience, according to the supplied company materials. Slide became a publicly traded company on Nasdaq under the ticker SLDE on June 18, 2025.
The business model of a property insurer differs from that of a conventional product manufacturer. Slide does not primarily sell physical goods with a traditional bill of materials, inventory, or manufacturing cost structure. Instead, its principal economic inputs include insurance claims, reinsurance, commissions, policy acquisition expenses, employee compensation, technology infrastructure, regulatory compliance, customer service, underwriting operations, and catastrophe-risk management. The cost of an insurance policy is influenced by property characteristics, geographic exposure, construction details, historical losses, weather and catastrophe risks, coverage limits, deductibles, and the cost and availability of reinsurance.
Revenue is generally generated through premiums paid by policyholders, while profitability depends on underwriting performance, investment income, claim severity and frequency, catastrophe activity, operating expenses, and reserve adequacy. Important industry measures commonly include written and earned premiums, loss ratios, expense ratios, combined ratios, policy growth, renewal rates, geographic concentration, and capital strength. Accordingly, quarterly financial results can be volatile, particularly when hurricanes, severe storms, wildfires, or other catastrophes produce elevated claims.
The supplied market information identifies Slide as a Financial Services company in the Insurance—Property & Casualty industry. It reports 504 full-time employees, placing the company in the 501-1000 employee category. Slide’s technology strategy may support digital quoting, underwriting, policy administration, claims handling, data analysis, and customer interaction, although the economics of the business remain closely tied to disciplined risk selection and effective claims management. Its long-term objectives are generally consistent with those of a growing specialty insurer: expanding its policyholder base responsibly, improving the customer experience, maintaining adequate capital and reinsurance protection, controlling operating costs, and producing sustainable underwriting and investment returns while meeting regulatory obligations.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.2B
+36.5%
-0.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$444.0M
+120.7%
-3.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+79.6%
+60.0%
+0.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+51.0%
+59.9%
-3.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+38.4%
+61.7%
-2.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$794.6M
+46.1%
+3.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+68.7%
+7.0%
+4.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
3.9%
-65.1%
-13.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.27x
+30.7%
+1356.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Greetings. Welcome to Slide Insurance, Inc. First Quarter 2026 Earnings Call. [Operator Instructions] Please note this conference is being recorded. I would now like to turn the conference over to your moderator today, Garrett Edson with ICR. Thank you, sir. You may proceed.
Garrett Edson: Thank you, and good morning. With us today are your host, Bruce Lucas, Chairman and Chief Executive Officer of Slide; and Andy Omiridis, Chief Financial Officer. By now, everyone should have access to our earnings release, which was published yesterday after the market closed and can be found on our website at ir.slideinsurance.com. Before we begin our formal remarks, I need to remind everyone that part of our discussion today may include forward-looking statements, which are based on the expectations, estimates and projections of management regarding the company's future performance, anticipated events or trends and other matters that are not historical facts. Forward-looking statements in our discussion are subject to various assumptions, risks, uncertainties and other factors that are difficult to predict and which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer all of you to our earnings release and recent filings with the SEC for a more detailed discussion of the risks and uncertainties that could impact the future operating results and financial condition of Slide. Our statements are as of today, April 29, 2026, and we undertake no obligation to update any forward-looking statements we may make, except as required by law. In addition, this call is being webcast, and an archived version will be available shortly after the call ends on the Investor Relations portion of the company's website at www.slideinsurance.com. With that, I'd now like to turn the call over to our Founder, Chairman and CEO, Bruce Lucas. Please go ahead.
Bruce Lucas: Thank you, and welcome to our first quarter 2026 earnings call. We appreciate your continued interest in Slide and are excited to be speaking with you today. We started off 2026 by delivering another quarter of strong execution across our business and reinforcing the ability of our tech-enabled coastal specialty focus to produce what we believe to be the best top and bottom line performance in our sector. Our performance was once again based on strong renewal rates on our existing book, expansion of our voluntary sales and the continued acquisition of Citizens policies. For the quarter, we meaningfully grew our gross written premiums by 49% year-over-year to $414.8 million. In the quarter, we continued to strategically capitalize on Citizens ongoing depopulation efforts. As a reminder, our extensive data capabilities and technology-driven underwriting process enables us to identify Citizens policies that offer …