Slide Insurance Holdings Inc (NYSE: SLDE) is a property and casualty insurance company that underwrites single-family, condominium, and commercial residential policies in coastal states along the Atlantic seaboard. Revenue comes primarily from gross premiums written, which reached $1,796 million in FY2025, plus policy fees of $8.2 million and net investment income from a fixed-maturity and money market portfolio. Launched in 2021 and headquartered in Florida, Slide operates through its primary insurance subsidiary, Slide Insurance Company (domiciled in Florida), and Slide Specialty Insurance Company (domiciled in Rhode Island, acquired February 2025), targeting coastal specialty markets that it describes as underserved by other carriers. The company distributed policies through independent agents and a direct-to-consumer channel. Slide reported net income of $444 million and a consolidated combined ratio of 52.1% for FY2025, and shareholders' equity grew from $102 million at year-end 2021 to $1,113 million at year-end 2025, a CAGR of 55%. Total assets stood at $2.9 billion as of December 31, 2025.

Revenue model

Gross premiums written on property and casualty policies ($1,796 million FY2025, $1,334 million FY2024). Per-policy fees of $25 on each policy written under Florida law ($8.2 million FY2025, $6.6 million FY2024). Net investment income from cash, fixed-maturity securities, and money market accounts. Pay-plan installment fees and commission income from a retail agency subsidiary selling on behalf of non-affiliated carriers, reported as other income.

Products and services

Homeowners insurance for single-family residences, condominium unit owners, and commercial residential properties in coastal states. Policies acquired through inorganic block acquisitions and subsequent renewals, as well as new business through independent agents and a direct-to-consumer channel. In-house claims handling with automated workflows, a preferred vendor network for mitigation services (tarping, water mitigation, tree removal), and a reinsurance structure through a segregated cell (White Rock Insurance SAC LTD., cell T104). Underwriting relies on data licensed from LexisNexis Risk Solutions and Verisk Analytics.

Customers and end markets

Individual homeowners and commercial residential property owners in coastal states along the Atlantic seaboard. End market is coastal specialty property insurance, with concentration in Florida (primary domicile of SIC) and expansion into New York, New Jersey, Rhode Island, and South Carolina via Slide Specialty as of February 2025. Policies sold directly to consumers via DTC channel and through independent agents.

Value-chain role

Vertically integrated primary insurer. Controls technology, underwriting, claims handling, and distribution in-house. Operates an MGA subsidiary (Slide MGA, LLC), a retail agency subsidiary (Clegg Insurance Advisors, LLC d/b/a Homefront), a claims company (STAT Claims Co.), and a mitigation contractor network (Trusted Mitigation Contractors). Reinsurance placed through a captive structure. Does not rely on external retailers, brokers, or intermediaries for DTC sales.

Geographic exposure

Coastal states along the U.S. Atlantic seaboard. Primary insurance subsidiary (SIC) domiciled in Florida. Slide Specialty licensed in New York, New Jersey, Rhode Island, and South Carolina as of February 2025.

Source: SEC 10-K, filed 2026-03-02

Industry: Fire, Marine & Casualty Insurance