A Business at a Glance
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Slide Insurance Holdings, Inc.
SLDE
$3.2B
Mkt Cap
$24.45
-1.05%
As used herein, “Slide,” the “Company,” “we,” “us” and “our” refer to Slide Insurance Holdings, Inc. and its consolidated subsidiaries. Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family, condominium and commercial residential policies in the property and casualty (P&C) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). In February 2025, we acquired an additional insurance subsidiary, Slide Specialty Insurance Company ("Slide Specialty"), which is licensed in New York, New Jersey, Rhode Island and South Carolina. We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies.
| Metric | TTM | FY2025 | FY2024 |
|---|---|---|---|
| Revenue | 1.4B | 1.2B | 847M |
| Net Income | 556M | 444M | 201M |
| EPS | $4.62 | $3.36 | $3.58 |
| Free Cash Flow | 1.0B | 795M | 544M |
| ROIC | 0.0% | 54.8% | 56.7% |
| Gross Margin | - | - | - |
| Debt/Equity | 0.03 | 0.03 |
| Metric | |||
|---|---|---|---|
| Income Statement | |||
| Revenue | 847M | 1.2B | 1.4B |
| Gross Margin | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A |
| SG&A | 138M | 176M | 198M |
| EBIT | 270M | 589M | 0 |
| Op. Margin | 31.9% | 51.0% | 0.0% |
| Net Income | 201M | 444M | 556M |
| Net Margin | 23.8% | 38.4% | 40.0% |
| Non-Recurring | 0 | 0 | 0 |
| Returns on Capital | |||
| ROIC | 56.7% | 54.8% | 0.0% |
| ROE | 60.0% | 57.4% | 46.5% |
| ROA | 10.4% | 18.3% | 15.4% |
| Cash Flow | |||
| Op. Cash Flow | 554M | 797M | 1.0B |
| Free Cash Flow | 544M | 795M | 1.0B |
| Owner Earnings | 541M | 773M | 1.0B |
| CapEx | 10M | 2.9M | 2.5M |
| Maint. CapEx | 10M | 12M | 9.2M |
| Growth CapEx | 0 | 0 | 0 |
| D&A | 10M | 12M | 9.2M |
| CapEx/OCF | N/A | N/A | 0.2% |
| Capital Allocation | |||
| Dividends Paid | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A |
| Share Buybacks | 0 | 40M | 231M |
| Buyback Yield | 0.0% | 0.0% | 8.2% |
| Stock-Based Comp | 2.9M | 12M | 13M |
| Debt Repayment | 33M | 6.0M | 6.0M |
| Balance Sheet | |||
| Net Debt | -919M | -1.8B | -2.0B |
| Cash & Equiv. | 493M | 1.2B | 2.1B |
| Long-Term Debt | 39M | 34M | 30M |
| Debt/Equity | 0.09 | 0.03 | 0.03 |
| Interest Coverage | 71.9 | 162.3 | 162.3 |
| Equity | 433M | 1.1B | 1.2B |
| Total Assets | 1.9B | 2.9B | 3.6B |
| Total Liabilities | 1.5B | 1.8B | 2.4B |
| Intangibles | 7.7M | 99K | 0 |
| Retained Earnings | 309M | 753M | 1.0B |
| Working Capital | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A |
| Per Share Data | |||
| EPS | 3.58 | 3.36 | 4.62 |
| Owner EPS | 9.62 | 5.85 | 8.79 |
| Book Value | 7.70 | 8.43 | 10.34 |
| Cash Flow/Share | 9.85 | 6.04 | 4.89 |
| Dividends/Share | N/A | N/A | 0.00 |
| Shares Out. | 56.2M | 132.1M | 115.6M |
| Valuation | |||
| P/E Ratio | N/A | N/A | 5.3 |
| P/FCF | N/A | N/A | 2.7 |
| EV/EBIT | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 2.4 |
| Price/Sales | N/A | N/A | 2.0 |
| FCF Yield | N/A | N/A | 36.6% |
| Market Cap | 0 | 0 | 2.8B |
| Avg. Price | 0.00 | 0.00 | 24.45 |
| Year-End Price | 0.00 | 0.00 | 24.45 |
Slide Insurance Holdings, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 55.7%. Total shareholder yield (buybacks) is 8.2%.
Slide Insurance Holdings, Inc. (SLDE) has a current P/E ratio of 5.3.
Slide Insurance Holdings, Inc. (SLDE) has a 5-year average return on invested capital (ROIC) of 55.7%. This indicates strong capital allocation and a potential competitive advantage.
Slide Insurance Holdings, Inc. (SLDE) has a market capitalization of $2.8B. It is classified as a mid-cap stock.
Slide Insurance Holdings, Inc. (SLDE) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 8.17%.
Slide Insurance Holdings, Inc. (SLDE) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
Slide Insurance Holdings, Inc. (SLDE) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Slide Insurance Holdings, Inc. (SLDE) has a net profit margin of 38.4%. This is a strong margin indicating high profitability.
| 0.09 |
| Dividends/Share | $0.00 | - | - |
|---|
| Operating Income | 0 | 589M | 270M |
|---|
| Operating Margin | 0.0% | 51.0% | 31.9% |
|---|
| ROE | 46.5% | 57.4% | 60.0% |
|---|
| Shares Outstanding | 116M | 132M | 56M |
|---|
Slide Insurance Holdings, Inc. (SLDE) generated $795 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Slide Insurance Holdings, Inc. (SLDE) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
Slide Insurance Holdings, Inc. (SLDE) reported earnings per share (EPS) of $3.36 in its most recent fiscal year.
Slide Insurance Holdings, Inc. (SLDE) has a return on equity (ROE) of 57.4%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 2 years of financial data for Slide Insurance Holdings, Inc. (SLDE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Slide Insurance Holdings, Inc. (SLDE) has a book value per share of $8.43, based on its most recent annual SEC filing.
No recent press releases.