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Slide Insurance Holdings, Inc. provides property and casualty insurance services in the United States. The company writes coastal specialty personal lines insurance, including homeowners, condominium unit owners, commercial residential, and other products, as well as offers reinsurance and insurance agency services. Slide Insurance Holdings, Inc. was incorporated in 2021 and is headquartered in Tampa, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | - | $444M | $795M | 39.9% | 36.5% | 120.7% |
| 2024 | $847M | - | $201M | $544M | 46.5% | 80.7% | 130.2% |
| 2023 | $469M | - | $87M | $434M | 36.8% | 93.3% | 291.8% |
| 2022 | $242M | - | $22M | $137M | 16.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 242.43 | 468.53 | 846.81 | 1,155.90 |
| Operating Revenue | 242.43 | 468.53 | 846.81 | 1,155.90 |
| Selling General And Administration | 39.02 | 87.86 | 137.51 | 175.75 |
| Total Expenses | 212.42 | 350.89 | 576.84 | 566.66 |
| EBIT | 30.50 | 120.04 | 273.73 | 592.87 |
| Interest Expense | 0.49 | 2.40 | 3.75 | 3.63 |
| Net Interest Income | -0.49 | -2.40 | -3.75 | -3.63 |
| Other Income Expense | 1.26 | 2.72 | 0.76 | 1.71 |
| Interest Expense Non Operating | 0.49 | 2.40 | 3.75 | 3.63 |
| Net Non Operating Interest Income Expense | -0.49 | -2.40 | -3.75 | -3.63 |
| Pretax Income | 30.01 | 117.64 | 269.98 | 589.24 |
| Tax Provision | 7.72 | 30.27 | 68.85 | 145.28 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 22.30 | 87.37 | 201.12 | 443.96 |
| Net Income From Continuing And Discontinued Operation | 22.30 | 87.37 | 201.12 | 443.96 |
| Net Income From Continuing Operation Net Minority Interest | 22.30 | 87.37 | 201.12 | 443.96 |
| Net Income | 22.30 | 87.37 | 201.12 | 443.96 |
| Net Income Common Stockholders | 22.30 | 87.37 | 201.12 | 443.96 |
| Net Income Including Noncontrolling Interests | 22.30 | 87.37 | 201.12 | 443.96 |
| Normalized Income | 22.30 | 87.37 | 201.12 | 443.96 |
| Diluted NI Availto Com Stockholders | 22.30 | 87.37 | 201.12 | 443.96 |
| Basic Average Shares | 124.93 | 124.93 | 124.93 | 93.37 |
| Diluted Average Shares | 124.93 | 124.93 | 124.93 | 131.96 |
| Reconciled Depreciation | 5.93 | 8.73 | 10.32 | 12.44 |
| Depreciation And Amortization In Income Statement | 5.93 | 8.62 | 10.32 | 12.44 |
| General And Administrative Expense | 39.02 | 87.86 | 137.51 | 175.75 |
| Other Gand A | 39.02 | 87.86 | 137.51 | 175.75 |
| Other Operating Expenses | - | 0.18 | 1.18 | - |
| Amortization | 5.93 | 8.19 | 7.87 | 7.59 |
| Depreciation Income Statement | - | 0.42 | 2.45 | 4.85 |
| Loss Adjustment Expense | 133.49 | 193.27 | 339.29 | 235.46 |
| Net Policyholder Benefits And Claims | 133.49 | 193.27 | 339.29 | 235.46 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Slide Insurance Holdings, Inc.this co. | SLDE | $1.8B | 4.14↓ discount | 1.65 | 39.9% | - |
| The Baldwin Insurance Group, Inc. | BWIN | $1.9B | -55.47 | 3.13 | -5.6% | 16.99 |
| National Bank Holdings Corporation | NBHC | $1.9B | 17.05 | 1.35 | 7.9% | - |
| Horace Mann Educators Corporation | HMN | $1.8B | 11.35 | 1.24 | 10.9% | - |
| Patria Investments Limited |
| PAX |
| $1.8B |
| 21.43 |
| 3.00 |
| 14.0% |
| 12.81 |
| 1st Source Corporation | SRCE | $1.8B | 11.35 | 1.41 | 12.4% | - |
| Fidelis Insurance Holdings Limited | FIHL | $1.8B | 7.93 | 0.74 | 9.4% | - |
| Skyward Specialty Insurance Group, Inc. | SKWD | $1.8B | 10.50 | 1.77 | 16.8% | - |
| City Holding Company | CHCO | $1.8B | 13.60 | 2.19 | 16.1% | - |
| Peer Median | - | 11.35 | 1.59 | 11.7% | 14.90 | |