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Earnings analysis · 10-Q

SLDE earnings analysis

Filed April 30, 2026 · Our reading of the company's report

The latest report

Slide Insurance (SLDE) reported robust earnings for Q1 2026, with total revenue reaching $389.3 million, a significant increase of 38.2% compared to $281.6 million in Q1 2025. The company also showcased improved…

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Slide Insurance (SLDE) reported robust earnings for Q1 2026, with total revenue reaching $389.3 million, a significant increase of 38.2% compared to $281.6 million in Q1 2025. The company also showcased improved profitability, evidenced by a diluted EPS of $1.02, beating expectations of $0.85. Management remains confident in the growth trajectory, reiterating gross written premiums guidance of $1.85B to $1.95B for the year.

Read the original on SEC.gov

Reported figures

Earnings per share
$1.02

What stood out

  • Revenue Growth of 38.2% YoY

    Total revenue rose to $389.3 million in Q1 2026 from $281.6 million in Q1 2025, marking a robust 38.2% increase.

  • EPS Beat Consensus by 20%

    Diluted EPS was reported at $1.02, surpassing the consensus estimate of $0.85 by 20%.

  • Improved Combined Ratio of 55.5%

    The combined ratio improved to 55.5% from 58.9%, reflecting better underwriting performance.

  • Significant Increase in Cash Flow from Operations

    Operating cash flow surged to $289.5 million, increasing by 199% year-over-year, indicating strong business performance.

  • New Stock Repurchase Program

    Announced a new stock repurchase authorization of $125 million following the previous completion of a $120 million program.

  • Substantial Growth in Premiums Written

    Gross premiums written increased to $414.8 million, a 49.1% rise compared to $278.2 million the prior year.

What to watch

  • Increased Catastrophe Reinsurance Costs

    Ceded premiums increased to $115.1 million from $84.9 million, a 35.7% rise due to higher reinsurance costs.

  • Stock Repurchase Program Costs Capital

    Implementation of the stock repurchase program could impact the availability of cash reserves for other investments or operational needs.

  • Volatility in Coastal Insurance Markets

    The business remains vulnerable to fluctuations in the coastal insurance market, influenced by weather events and regulatory changes.

Management's outlook

Full-year gross written premiums guidance reiterated at $1.85B–$1.95B.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.