Slide Insurance Q1 gross premiums written rise

Slide Insurance Holdings

28/04/2026 21:31

Overview

US homeowners insurer's Q1 gross premiums written rose 49% yr/yr, revenue up 38%

Q1 net income climbed 51% yr/yr, with diluted EPS at $1.02

Company repurchased 7.7 mln shares in Q1 under buyback programs

Outlook

Slide Insurance expects 2026 gross written premiums between $1.85 bln and $1.95 bln

Company expects 2026 net income between $455 mln and $470 mln

Slide expects sustained organic growth and expansion outside Florida in 2026

Result Drivers

POLICY GROWTH - Growth in gross premiums written and revenue was driven by higher policies in force, including new business, renewals, and Citizens policy acquisitions

LOWER CATASTROPHE LOSSES - Loss ratio improved due to a decrease in catastrophe losses

OPERATING LEVERAGE - Combined ratio improved as net earned premium growth outpaced more moderate operating expense growth and lower amortization expense

Company press release: ID:nGNXTmL5R

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$139.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "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 29.4% above its April 27 closing price of $18.93

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)