Slide Insurance Q2 Net Income Nearly Doubles to $134.9M; Combined Ratio Improves to 57.6%
SLDE sits 68% above its 52-week low of $12.53.
Summary
Slide Insurance reported Q2 2026 net income of $134.9 million, nearly double the prior year, on 16.7% premium growth and a sharply improved combined ratio. The company reiterated its full-year guidance and declared its first quarterly dividend.
Key Events · Earnings and Guidance · SLDE
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Q2 Net Income Nearly Doubles
Net income rose 92.4% YoY to $134.9 million, with diluted EPS of $1.06, driven by strong premium growth and improved underwriting margins.
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Gross Premiums Written Up 16.7%
Gross premiums written reached $508.0 million, up from $435.4 million a year ago, fueled by voluntary new business and renewals of acquired Citizens policies.
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Combined Ratio Improves to 57.6%
The combined ratio improved 980 basis points from 67.4% to 57.6%, reflecting a lower loss ratio (30.2% vs. 37.4%) and better operating leverage.
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Full-Year Guidance Reiterated
Management reaffirmed expectations for full-year gross written premiums of $1.85–$1.95 billion and net income of $455–$470 million.
Analysis · SLDE · Finance
Slide delivered a standout quarter: net income surged 92.4% to $134.9 million, gross premiums written grew 16.7% to $508 million, and the combined ratio improved 980 basis points to 57.6% — all well ahead of the prior year. The company also reiterated its full-year outlook for $1.85–$1.95 billion in gross written premiums and $455–$470 million in net income, signaling confidence in sustained momentum. Against a backdrop of heavy insider selling over the past 90 days, these results and the newly declared dividend provide a strong fundamental counterpoint.
At the time of this filing, SLDE was trading at $21.04 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $12.53 to $21.79. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.