Slide Reports Fourth Quarter and Full Year 2025 Results

Core Insights - Slide Insurance Holdings, Inc. reported significant growth in both gross premiums written and net income for the fourth quarter and full year of 2025, indicating strong business performance and market position [3][5][12]. Fourth Quarter 2025 Highlights - Gross premiums written increased by 56.7% year-over-year to $618.5 million, up from $394.6 million in the prior-year period, driven by the acquisition of additional policies from Citizens and consistent renewal rates [6][10]. - Net income more than doubled to $170.4 million, compared to $75.1 million in the prior-year period, with diluted earnings per share at $1.23 [12][10]. - The combined ratio improved to 38.0%, down from 60.9% in the prior-year period, reflecting a decrease in catastrophe losses [2][11]. Full Year 2025 Highlights - For the full year, gross premiums written reached $1.80 billion, a 34.6% increase from $1.33 billion in the previous year [13]. - Net premiums earned grew by 36.2% to $1.08 billion, compared to $792.4 million in the prior year, driven by both organic and inorganic growth [13]. - Total revenue for the year was $1.16 billion, a 36.5% increase from $846.8 million in the prior year [13]. Losses and Expenses - Losses and loss adjustment expenses incurred, net, were $27.1 million for the fourth quarter, a significant improvement from $59.1 million in the prior-year period [9][14]. - Policy acquisition and other underwriting expenses increased to $42.3 million, compared to $29.1 million in the prior-year period, due to a higher number of policies in force [10][15]. - General and administrative expenses rose to $51.4 million from $45.7 million in the prior year, primarily due to additional staffing [11][15]. Future Outlook - The company expects to generate full-year gross written premiums in the range of $1.85 billion to $1.95 billion for 2026, driven by organic expansion and selective growth opportunities [17]. - Projected net income for 2026 is anticipated to be between $455 million and $470 million [18].