Core Insights - Slide Insurance Holdings, Inc. reported revenue of $265.69 million for the quarter ended September 2025, showing no change year-over-year, with an EPS of $0.79 compared to $0 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate by 4.89%, while the EPS exceeded the consensus estimate by 61.22% [1] Revenue Breakdown - Net premiums earned were $243.05 million, below the estimated $261.15 million [4] - Other income reached $1.11 million, surpassing the estimated $0.39 million [4] - Policy fees amounted to $2.44 million, slightly above the average estimate of $2.39 million [4] - Net investment income was reported at $19.09 million, exceeding the estimated $15.43 million [4] Stock Performance - Shares of Slide Insurance Holdings, Inc. have returned +2.1% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Slide Insurance Holdings (NasdaqGS:SLDE) Q3 2025 Earnings Call November 05, 2025 05:00 PM ET Company ParticipantsTommy McJoynt - Director of Equity ResearchNone - Company RepresentativeJesse Schalk - CFOPaul Newsome - Managing DirectorBruce Lucas - Chairman and CEOConference Call ParticipantsAlex Scott - Equity Research AnalystOperatorWelcome to the Slide Insurance Holdings Inc Third Guarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will foll ...

Financial Data and Key Metrics Changes - Gross premiums written increased by 33.8% year-over-year to $463 million in Q3 2025 [4][5] - Net income surged more than sixfold to $111 million compared to $17.6 million in the prior year quarter [5][23] - Return on equity for Q3 was strong at 12.1%, with a year-to-date return on equity of 39.2% [5][23] - The consolidated loss ratio improved to 13.7%, a 77% reduction year-over-year [6][23] - The combined ratio improved to 48.5% compared to 94.3% in the prior year period [23] Business Line Data and Key Metrics Changes - The company assumed 60,186 policies from Citizens in October, contributing to growth [9][19] - New business voluntary premium set a quarterly record with over $65 million of gross premiums written [7] - Policy acquisitions and underwriting expenses increased to $36.4 million, reflecting greater policies in force [22] Market Data and Key Metrics Changes - The company experienced substantial growth in South Carolina during Q3 2025 [10] - The market in Florida remains stable, with no significant competition from national carriers [32] Company Strategy and Development Direction - The company plans to use its strong balance sheet and profitability to accelerate growth starting in 2026 [8][9] - There is a focus on expanding voluntary distribution channels and entering new states [10][37] - The board authorized a $120 million share repurchase program to return capital to shareholders [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's long-term strategy and the strength of its balance sheet [11][14] - The company anticipates continued growth in policies and expects to provide an update on Q4 2025 results [13][14] - Management noted that the benign hurricane season contributed to favorable loss ratios [21][42] Other Important Information - The company is transitioning its corporate structure to better align resources for growth [15][16] - New appointments include Chaz Powell as Chief Revenue Officer and Matt Larson as Chief Risk Officer [16] Q&A Session Summary Question: Can you talk about the increased authorization on the buyback? - Management indicated that they have abundant capital and are willing to repurchase shares if the stock is trading below fair value while executing growth plans [27][28] Question: Are you seeing increased competition in Florida? - Management noted that the market feels stable, with no significant competition from national carriers, and they continue to see growth opportunities [30][32] Question: Do you anticipate Citizens' takeouts remaining a significant contributor to growth? - Management confirmed there are still opportunities with Citizens, but they will assess the policies assumed in Q4 before making further comments [36][37] Question: What is the outlook on rates due to tort reform? - Management stated they do not foresee significant rate decreases and have been steadily decreasing rates over the past two years [41][43] Question: Can you comment on the strength of the balance sheet? - Management emphasized a conservative reserving philosophy and favorable trends in reserve releases, contributing to confidence in the balance sheet strength [51][53]

Financial Data and Key Metrics Changes - Gross premiums written increased by 33.8% year-over-year to $463 million in Q3 2025 [4][18] - Net income surged more than sixfold to $111 million compared to $17.6 million in the prior year quarter [5][23] - Return on equity for Q3 was strong at 12.1%, with a year-to-date return on equity of 39.2% [5][23] - The consolidated loss ratio improved to 13.7%, a 77% reduction year-over-year [6][20] - The combined ratio improved to 48.5% compared to 94.3% in the prior year period [6][23] Business Line Data and Key Metrics Changes - The company achieved a record in new business voluntary premium with over $65 million of gross premiums written [8] - Policy acquisitions and underwriting expenses increased to $36.4 million, up from $22 million in the prior year period [21] - General and administrative expenses rose to $45 million from $38 million in the prior year, primarily due to increased staffing [22] Market Data and Key Metrics Changes - Approximately 351,700 policies were in force at the end of the quarter, up 28% from one year ago [19] - The company assumed 60,186 policies from Citizens in October, marking the largest policy assumption in the Florida market [10][19] Company Strategy and Development Direction - The company plans to use its balance sheet and profitability to accelerate growth beginning in 2026 [9] - There is a focus on expanding into additional states, with significant growth in South Carolina and plans to enter New York and New Jersey [11][12] - The board authorized a $120 million share repurchase program to return capital to shareholders while executing growth plans [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's long-term strategy and noted that the market is not recognizing the fair value of the company [12] - The competitive environment in Florida remains stable, with no significant pressure from national carriers [27] - Management anticipates continued growth opportunities, particularly through Citizens' takeouts and voluntary distribution channels [30][31] Other Important Information - The company has made adjustments to its corporate structure to better align resources and execute its business plan [16][17] - A new Chief Financial Officer will join the company, bringing over 30 years of experience [17] Q&A Session Summary Question: Can you talk about the increased authorization on the buyback? - Management stated that they have abundant capital and are willing to repurchase shares if the stock is trading below fair value while still executing growth plans [26] Question: Are you seeing any increased competition in Florida? - Management noted that the market feels stable, with limited competition from smaller carriers and record voluntary production [27][28] Question: Do you anticipate Citizens' takeouts remaining a significant contributor to growth? - Management confirmed that there are still ample opportunities at Citizens, with a focus on expanding voluntary distribution channels [30] Question: What is the outlook on rates due to tort reform? - Management indicated that they do not foresee significant rate decreases and have been steadily decreasing rates for the last two years [32][33] Question: Can you comment on the strength of the balance sheet? - Management emphasized a conservative reserving philosophy and favorable trends in reserve releases, reflecting a strong balance sheet [37][38]

Financial Performance - Gross premiums written for Q3 2025 reached $463.4 million, a 33.8% increase from $346.3 million in Q3 2024[142] - Total revenue for the nine months ended September 30, 2025, was $808.9 million, up 33% from $608.4 million in the same period of 2024[142] - Net income for Q3 2025 was $111.0 million, compared to $17.6 million in Q3 2024, representing a significant increase of 530%[142] - Total revenue increased by 32.8% from $200.1 million in Q3 2024 to $265.7 million in Q3 2025, primarily due to higher net premiums earned[179] - Net income surged by 531.5% from $17.6 million in Q3 2024 to $111.0 million in Q3 2025, reflecting improved operational efficiency[186] - Total revenue increased from $608.4 million for the nine months ended September 30, 2024 to $808.9 million for the nine months ended September 30, 2025, a 33.0% increase[205] Underwriting Performance - The combined ratio improved to 48.5% in Q3 2025 from 94.3% in Q3 2024, indicating a strong underwriting performance[142] - The combined ratio improved significantly from 94.3% in Q3 2024 to 48.5% in Q3 2025, indicating better underwriting performance[167] - The combined ratio improved from 76.8% for the nine months ended September 30, 2024 to 58.3% for the nine months ended September 30, 2025, a decrease of 18.5%[194] - The loss ratio improved from 49.3% in 2024 to 27.7% in 2025, driven by increased net premiums earned and reduced catastrophe losses[213] - The combined ratio decreased from 76.8% in 2024 to 58.3% in 2025, reflecting improved operational efficiency and lower catastrophe losses[215] Investment Performance - Net investment income grew by 49.3% from $12.8 million in Q3 2024 to $19.1 million in Q3 2025, supported by an increase in average investable assets from $1,053 million to $1,874 million[176] - Net investment income increased from $34.5 million for the nine months ended September 30, 2024 to $47.9 million for the nine months ended September 30, 2025, a 39.0% increase[202] - The investment portfolio consists of $473.1 million in fixed income securities rated BBB- or better as of September 30, 2025[239] - The fair value of available for sale investments as of September 30, 2025, was $474.6 million, with fixed maturity securities making up the majority[240] - The estimated weighted average credit quality rating of the fixed maturity securities portfolio was AA- as of September 30, 2025, consistent with the previous year[280] Financial Position - Total assets as of September 30, 2025, were $2.69 billion, an increase from $1.93 billion at the end of 2024[142] - Shareholders' equity increased to $964.2 million as of September 30, 2025, compared to $433.2 million at the end of 2024[142] - The debt to capitalization ratio decreased from 9.9% for the three months ended September 30, 2024 to 3.5% for the three months ended September 30, 2025[192] - As of September 30, 2025, stockholders' equity increased to $964.2 million from $433.2 million as of December 31, 2024, primarily due to increased retained earnings and IPO proceeds[237] - As of September 30, 2025, the company had $1.402 billion in cash, cash equivalents, and restricted cash, up from $789.8 million in December 2024[225] Operational Efficiency - The company maintains a disciplined underwriting approach while controlling all aspects of its value chain, enhancing profitability[139] - Losses and loss adjustment expenses incurred decreased by 70.2% from $111.7 million in Q3 2024 to $33.2 million in Q3 2025, with no incurred losses from named storms during the period[180] - Policy acquisition and other underwriting expenses increased by 65.3% from $22.0 million in Q3 2024 to $36.4 million in Q3 2025, representing 15.2% of net premiums earned[181] - General and administrative expenses rose from $38.0 million in Q3 2024 to $45.0 million in Q3 2025, attributed to increased staffing to support the growth in policies[182] Market Strategy - The company aims to capitalize on the increased demand for insurance products in underserved coastal specialty markets[140] - The company follows industry practices of reinsuring a portion of its risks, which involves transferring risk exposure to another insurer[256] Tax and Regulatory - The statutory corporate tax rate is expected to be approximately 25.4% under current tax law[234] - The company is classified as an emerging growth company, allowing it to take advantage of certain exemptions from various reporting requirements[271] - The company’s financial statements may not be comparable to those of companies that comply with new or revised accounting standards as of public company effective dates due to its emerging growth company status[272] Risk Management - The company limits investments in below investment grade bonds to $1.0 million to mitigate credit risk[280] - The company has no material exposure to foreign currency exchange risk as of September 30, 2025[281] - Anticipated fluctuations in interest rates are considered in developing investment strategies[278]

Financial Results Announcement - Slide Insurance Holdings, Inc. announced its financial results for the quarter ended September 30, 2025[6]. - The press release detailing the financial results was issued on November 5, 2025[6]. - The financial results include key metrics that will be detailed in Exhibit 99.1[8]. - The report was signed by Jesse Schalk, the Chief Financial Officer, on November 5, 2025[12]. Company Classification and Structure - The company is classified as an emerging growth company under the Securities Act of 1933[5]. - The company is headquartered in Tampa, Florida, with a principal executive office located at 4221 W. Boy Scout Blvd., Suite 200[2]. - The common stock of Slide Insurance Holdings, Inc. is traded on the Nasdaq Global Select Market under the symbol SLDE[5]. - The filing does not include specific financial data or performance metrics in the provided documents[7]. - The company has not elected to use the extended transition period for new financial accounting standards[5]. - The report is filed under the requirements of the Securities Exchange Act of 1934[10].

TAMPA, Fla., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. (“Slide”) (Nasdaq: SLDE) today announced financial results for the third quarter 2025. Slide’s third quarter financial results and management commentary can be found in the shareholder letter posted to the Company’s investor relations website. Slide will hold a conference call to discuss financial results today, November 5, at 5 pm Eastern Time. The dial-in number for the conference call is (877) 407-9208 (toll-free) or (201) 493- ...

Core Insights - Slide Insurance Holdings, Inc. will release its third quarter 2025 financial results on November 5, 2025, after market close [1] - A conference call to discuss the financial results is scheduled for 5 pm Eastern Time on the same day, with dial-in options provided [2] Company Overview - Slide is a technology-enabled insurance company focused on helping homeowners select appropriate coverage tailored to their needs and budgets [3] - The company utilizes artificial intelligence and big data to enhance and streamline the insurance process [3] - Founded by Bruce and Shannon Lucas, Slide is based in Tampa, FL, and aims to improve underwriting outcomes through technology [3]

SAN DIEGO, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is investigating whether Slide Insurance Holdings, Inc. (NASDAQ: SLDE) or any of its executive officers violated securities laws by misrepresenting or failing to disclose material information to investors. What is this all about?Shares of Slide Insurance have fallen over 25% since the Company’s June IPO. On September 30, a Manatee Research report alleged that Slide’s underwriting margins are driven by claim denials ...

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Slide Insurance Holdings, Inc. for possible securities fraud, potentially leading to a class action lawsuit on behalf of investors [1][3]. Company Performance - Shares of Slide Insurance have decreased by over 25% since the company's IPO in June [3]. - A recent report from Manatee Research has raised concerns about Slide's underwriting margins, suggesting they are primarily influenced by claim denials and delays rather than the company's claimed "proprietary technology" [3]. Regulatory Issues - The report also alleges that Florida regulators have ordered the removal of three senior executives due to their previous roles at a failed insurer, although these executives remain in their positions [3].