Slide Insurance expects 2026 gross written premiums between $1.85 bln and $1.95 bln
Company sees 2026 net income in the range of $455 mln to $470 mln
Top-line growth expected from sustained organic expansion, especially outside Florida
Overview
US homeowners insurer's Q2 gross premiums written rose 16.7% yr/yr, revenue up 47.9%
Net income for Q2 nearly doubled yr/yr, with combined ratio improving to 57.6%
Company repurchased nearly 3 mln shares and declared initial quarterly dividend
Key details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$134.9 mln
Result drivers
Premium growth - Co said gross premiums written rose due to growth in voluntary new business and renewals of previously acquired Citizens policies
Improved loss experience - Co attributed lower loss ratio and improved combined ratio to better overall loss experience
Operating leverage - Co said combined ratio improvement was helped by scaling impact in net earned premium growth with more moderate operating expense growth
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for Slide Insurance Holdings Inc is $24.50, about 17.5% above its July 27 closing price of $20.85
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