TAMPA, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. (“Slide” or the “Company”) (Nasdaq: SLDE) today announced that its Board of Directors has authorized the repurchase of up to $75 million of the Company’s common stock. The authorization is effective immediately, has no time limit, and may be modified, suspended or discontinued at any time. “The initiation of our stock repurchase program is reflective of our strong confidence in our strategic direction, superior underwriting capabi ...

Core Viewpoint - Lemonade is showing signs of recovery and growth in the insurance tech sector, driven by an increase in customer base and improvements in operational metrics, although challenges remain ahead [1][4]. Recent Progress - Lemonade's customer base reached 2.69 million by the end of June, marking a 41% increase over two years [6]. - The in-force premium balance increased from $687 million to $1.08 billion, representing a 57% rise [6]. - The gross loss ratio improved from 94% to 70%, indicating better profitability [6]. - Revenue growth is significant, attributed to a growing customer list and the effectiveness of AI-driven systems [8]. Challenges and Opportunities - Free cash flow remains negative, but management anticipates a positive full-year reading by the end of 2025 [10]. - Lemonade's car insurance is currently available in only 10 U.S. states, while homeowners insurance is approved in 28 states [10]. - The European portfolio is operational in five countries, with plans to expand to 27 more [10]. - Lessons learned in existing markets are expected to facilitate smoother entry into new geographic areas [11]. Future Outlook - The company is expected to continue expanding into new markets, with customer sign-ups likely to accelerate [12]. - The integration of AI in insurance is beginning to resonate with investors, although the company is still in the early stages of its transformation [12]. - Long-term returns are anticipated, with the potential for significant gains as the company matures [13].

Company Overview - Slide Insurance Holdings, Inc. 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] Financial Results Announcement - Slide will release its second quarter 2025 financial results after the stock market closes on August 12, 2025 [1] - A conference call to discuss these financial results is scheduled for 5 pm Eastern Time on the same day [2] - The dial-in numbers for the conference call are (877) 407-9208 for toll-free and (201) 493-6784 for international participants [2]

Financial Results Announcement - Slide Insurance Holdings, Inc. will release its second quarter 2025 financial results after the stock market closes on August 12, 2025 [1] - A conference call to discuss the financial results is scheduled for 5 pm Eastern Time on the same day [2] Conference Call Details - The dial-in number for the conference call is (877) 407-9208 (toll-free) or (201) 493-6784 (international) [2] - Participants are advised to dial in 10 minutes prior to the scheduled start time [2] - A live webcast of the conference call will be available at ir.slideinsurance.com, with a replay accessible for one year following the call [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]

Company Overview - Slide Insurance Holdings, Inc. is a technology-enabled insurance company focused on helping homeowners select appropriate coverage tailored to their needs and budgets [5] - The company utilizes artificial intelligence and big data to enhance and streamline the insurance process [5] IPO Details - Slide announced that underwriters fully exercised their option to purchase an additional 3,600,000 shares of common stock, resulting in gross proceeds of approximately $469.2 million from the initial public offering [1] - The additional shares were purchased from certain selling stockholders, and Slide will not receive any proceeds from this sale [1] - Barclays and Morgan Stanley served as joint book-running managers for the offering, with Citizens Capital Markets, Keefe, Bruyette & Woods, and Piper Sandler acting as co-managers [2] Regulatory Information - A registration statement on Form S-1 for the offering was filed with the Securities and Exchange Commission and declared effective on June 17, 2025 [3] - The offering is conducted solely through a prospectus, which can be accessed for free on the SEC's website or obtained from the managing underwriters [3]

Core Insights - Kingstone Companies (KINS) shares have declined 2.7% year-to-date, underperforming the industry increase of 6.6% and trading at a discount to its 52-week high [1][8] - The company is the 12th largest homeowner insurer in New York with a market share of 2.1% and a market capitalization of $210 million [3] - KINS shares are trading at a premium to the industry with a price-to-book value of 2.45X compared to the industry average of 1.56X [6] Financial Performance - The 2025 EPS outlook is projected between $1.75 and $2.15, reflecting growth driven by rising premiums and strict underwriting [8][10] - The Zacks Consensus Estimate for 2025 earnings is $1.90, indicating a 31% increase on revenues of $214 million, with 2026 earnings expected to be $2.45, a 29% increase on revenues of $238.4 million [10] - Kingstone returned to profitability in 2024 with a projected combined ratio of 81%-85% in 2025, showing significant improvement in net margins [15] Market Position and Strategy - Kingstone is positioned to benefit from favorable industry trends, particularly with the Northeastern U.S. commercial insurance market expected to grow by 12.3% through 2025 [12] - The company is executing a focused growth strategy by concentrating on its core business and divesting from non-core segments [13] - Kingstone has realigned its pricing strategy in response to inflation, projecting a 15% to 25% increase in direct written premiums for its core business in 2025 [14] Efficiency and Returns - The return on equity (ROE) for Kingstone in the trailing 12 months was 31.9%, significantly higher than the industry average of 7.8% [16] - The return on invested capital (ROIC) was 29.4%, also above the industry average of 5.9%, indicating effective utilization of funds [18] Growth Potential - Kingstone's focus on improving pricing, combined ratio, and expanding margins is expected to drive strong earnings growth [19] - The average target price for KINS shares is $19, reflecting a 26.7% upside potential from its last closing price [19]