Slide Insurance (SLDE) Q2 2026 earnings summary

Executive summary

• Achieved strong revenue and net income growth in Q2 2026, with net income up 92.4% to $134.9 million and diluted EPS at $1.06, driven by policy growth, renewals, and expansion into new markets including California, Rhode Island, and New Jersey.

• Policies in force increased 46.1% year-over-year to 509,075, with significant expansion in coastal specialty markets.

• Maintained disciplined underwriting, robust reinsurance protection, and technology-driven operations, with no losses from named storms in the period.

Financial highlights

• Gross written premiums grew 16.7% year-over-year to $508 million; total revenue increased 47.9% to $386.8 million; net premiums earned up 47.9% to $360.6 million.

• Net income rose 92.4% year-over-year to $134.9 million; diluted EPS was $1.06.

• Return on equity for Q2 was 11.7%.

• Cash and cash equivalents stood at $1.24 billion as of June 30, 2026.

• Net investment income for Q2 up 47.3% to $22.2 million.

Outlook and guidance

• Reaffirmed full-year 2026 guidance: gross written premiums of $1.85–$1.95 billion and net income of $455–$470 million.

• Top-line growth expected from organic expansion outside Florida, with selective Florida opportunities.

• Guidance remains conservative due to exposure management and potential reinsurance true-up payments.

• Management expects continued growth in underserved coastal markets, leveraging technology and data-driven underwriting.

• Company intends to maintain strong liquidity for hurricane season and meet capital requirements.