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].

Core Viewpoint - Slide Insurance Holdings, Inc. announced its financial results for the third quarter of 2025, with details available in the shareholder letter on the investor relations website [1]. Financial Results - The company will hold a conference call to discuss the financial results on November 5 at 5 pm Eastern Time, with dial-in numbers provided for both toll-free and international participants [2]. Company Overview - Slide is a technology-enabled insurance company focused on helping homeowners select appropriate coverage tailored to their needs and budgets, utilizing artificial intelligence and big data to enhance the insurance process [3]. - Founded by Bruce and Shannon Lucas, the company is based in Tampa, FL, and aims to improve underwriting outcomes through technological advancements [3].

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]

Core Viewpoint - Johnson Fistel, PLLP is investigating potential violations of securities laws by Slide Insurance Holdings, Inc. and its executives regarding misrepresentation or failure to disclose material information to investors [1] Group 1: Company Performance - Shares of Slide Insurance have decreased by over 25% since its IPO in June [2] - A report from Manatee Research claims that Slide's underwriting margins are primarily influenced by claim denials and delays, contradicting the company's previous claims about its "proprietary technology" [2] Group 2: Regulatory Issues - Florida regulators allegedly ordered the removal of three senior executives due to their prior roles at a failed insurer, although these executives remain in their positions [2]

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].

BOSTON, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Slide Insurance Holdings, Inc. (Nasdaq: SLDE) for potential securities law violations. Investors who have lost money in their Slide Insurance investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/slde. 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 repo ...

Core Insights - Slide Insurance Holdings, Inc. has been included in the Russell 2000® Index effective September 22, 2025, marking a significant milestone for the company [1][2] - The inclusion in the Russell 2000® and Russell 3000® Indexes enhances Slide's visibility among institutional investors, with approximately $10.6 trillion in assets benchmarked against these indexes [2] Company Overview - Slide is a technology-enabled insurance company focused on providing homeowners with tailored coverage options [6] - The company utilizes artificial intelligence and big data to optimize the insurance process, aiming for better underwriting outcomes [7] - Founded by Bruce and Shannon Lucas, Slide is based in Tampa, Florida, and leverages technology to enhance customer experience in insurance [7]

Core Viewpoint - Slide Insurance Holdings, Inc. has authorized a stock repurchase program of up to $75 million, reflecting confidence in its strategic direction and financial health [1][2]. Company Overview - Slide is a technology-enabled insurance company focused on optimizing the insurance process for homeowners using artificial intelligence and big data [5]. Financial Position - The company has a robust balance sheet following its recent IPO and has reported better than expected net margins, indicating a strong capital position [2]. - The stock repurchase program is intended to enhance return on equity and build long-term value for shareholders [2]. Stock Repurchase Program Details - The repurchase may occur in the open market or through privately negotiated transactions, with management determining the timing and amount based on various factors [2]. - The program is flexible, allowing for modifications or suspension at any time without prior notice [2].

Financial Data and Key Metrics Changes - For Q2 2025, gross premiums written were $435.4 million, a 25% increase from $348.3 million in the prior year period [20] - Total revenue increased to $261.6 million, up 25% from $209.1 million in the prior year [21] - Net income grew by 30.5% to $70.1 million compared to $53.7 million in the prior year [23] - The loss ratio improved by 850 basis points to 37.4% from 45.9% in the prior year [22] - The combined ratio improved by 250 basis points to 67.4% from 69.9% in the prior year [22] Business Line Data and Key Metrics Changes - The company had approximately 348,400 policies in force, up 27% from one year ago [20] - Policy acquisition and other underwriting expenses increased to $32.1 million from $17.8 million in the prior year [22] - General and administrative expenses rose to $37.9 million from $26.8 million in the prior year, primarily due to increased staffing [22] Market Data and Key Metrics Changes - The company has been expanding significantly in South Carolina, achieving more written premium in Q2 than in the last year and a half [26] - The Florida insurance market has stabilized post-tort reform, transitioning from a volatile environment to a more attractive one for insurers [10][11] Company Strategy and Development Direction - The company focuses on underserved coastal markets, utilizing big data and AI for underwriting [5][12] - Plans to expand into New York, New Jersey, and Rhode Island in the first quarter of 2026, with potential growth in California [27][28] - The company aims to maintain a long-term mindset, prioritizing sustainable profitability over short-term growth [13][18] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about growth opportunities in Florida and other coastal markets, despite competition from new entrants with limited capital [31][32] - The company expects to maintain a target combined ratio in the low to mid-70s, indicating confidence in long-term profitability [33] Other Important Information - The company has cash and cash equivalents of $936.2 million and additional restricted cash of $478.9 million as of June 30, 2025 [23] - The company received approval to assume approximately 175,000 policies from Citizens in the fourth quarter, which is expected to be accretive to net income [17] Q&A Session Summary Question: Update on growth strategy moving up the East Coast - Management reported significant growth in South Carolina and plans to launch in New York and New Jersey in Q1 2026, with California also being considered [26][27][28] Question: Competitive environment in Florida - Management noted a fragmented market with new entrants but emphasized that larger national carriers are pulling back from coastal markets, maintaining a bullish outlook on profitability [31][32][33] Question: Citizens takeouts and assumptions - Management indicated that the ratio of ultimate assumptions versus approvals varies, with historical averages around 55% [38] Question: Organic distribution efforts - The company is actively adding new agents and forming national partnerships, with a focus on growing its direct-to-consumer channel [40][41]