Slide Insurance Q2 Earnings Call Highlights

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Wed, July 29, 2026 astatine 12:04 PM CDT 6 min read

Key Points

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Strong Q2 performance: Net income roseate 92.4% twelvemonth implicit twelvemonth to $134.9 million, portion gross written premiums accrued 16.7% to $508 million. The combined ratio improved 990 ground points to 57.5%, supported by little catastrophe losses and improved nonaccomplishment experience.
Reinsurance and geographic expansion: Slide expanded its 2026 catastrophe reinsurance capableness by much than $2 billion, including a first-event instrumentality play of astir 180 years. The institution is besides expanding beyond Florida, with California operations underway and approvals secured for Rhode Island and New Jersey.
Capital returns and outlook maintained: Slide repurchased astir 3 cardinal shares, approved its archetypal quarterly dividend of $0.07 per share, and reaffirmed 2026 guidance for $1.85 billion–$1.95 cardinal successful gross written premiums and $455 million–$470 cardinal successful nett income.

Slide Insurance (NASDAQ:SLDE) reported second-quarter nett income of $134.9 million, up 92.4% from $70.1 cardinal a twelvemonth earlier, arsenic gross written premiums accrued and the company's combined ratio improved.

Diluted net per stock were $1.06 for the quarter. Gross written premiums roseate 16.7% twelvemonth implicit twelvemonth to $508 million, driven by voluntary new-business maturation and renewals of policies antecedently acquired from Citizens. Total gross accrued 47.9% to $386.8 million, portion nett premiums earned besides climbed 47.9% to $360.6 million.

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"We erstwhile again executed astatine a precocious level this quarter," Chairman and Chief Executive Officer Bruce Lucas said, citing the company's coastal specialty model, underwriting subject and little catastrophe losses.

Profitability and disbursal trends

Slide's combined ratio improved 990 ground points from the prior-year play to 57.5%. The existent accident-year nonaccomplishment ratio declined to 30.2% from 37.2%, which Chief Financial Officer Andy Omiridis said chiefly reflected improved wide nonaccomplishment experience.

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Net losses and nonaccomplishment accommodation expenses totaled $108.7 million, compared with $91.4 cardinal successful the 2nd 4th of 2025. The institution recorded $8.8 cardinal of convective tempest losses during the quarter, representing 2.4 points of its nonaccomplishment ratio, according to management. Lucas said Slide recorded nary prior-year improvement done the archetypal six months of 2026.

Policy acquisition and different underwriting expenses accrued to $42.3 cardinal from $32.1 million, reflecting premium maturation and higher argumentation acquisition costs. General and administrative expenses roseate to $55 cardinal from $37.9 million, chiefly owed to higher staffing levels supporting expansion.

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