Key Highlights

  • Consensus EPS of 0.82 compares with diluted EPS of 1.06 reported for the second quarter, against 0.56 a year earlier.
  • Consensus revenue of USD 433.50 million compares with total revenue of USD 386,817 thousand reported for the second quarter.
  • Gross premiums written were USD 508.0 million against USD 435.4 million, and net premiums earned were USD 360.6 million.
  • Ceded premiums were USD 125.5 million, or 25.8% of gross premiums earned, against USD 94.8 million, or 28.0%.

Slide Insurance (NASDAQ:SLDE) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.82 on revenue of USD 433.50 million, and the company has a market capitalization of USD 3.40 billion.

Slide Insurance writes homeowners insurance and has grown through voluntary new business and policies acquired from Citizens. In the second quarter, it reported net premiums earned of USD 360,635 thousand against USD 243,859 thousand and net income of USD 134,850 thousand against USD 70,072 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.82 is below the diluted EPS of 1.06 reported for the second quarter, which compared with 0.56 a year earlier. The revenue estimate of USD 433.50 million is above the USD 386,817 thousand of total revenue reported, which compared with USD 261,607 thousand.

Income before income taxes was USD 178,461 thousand against USD 96,297 thousand, and total expenses were USD 208,356 thousand against USD 165,310 thousand. Basic EPS was 1.17 against 1.05.

Premium Growth and Reinsurance Costs

Gross premiums written rose to USD 508.0 million from USD 435.4 million, which the filing ties to growth of voluntary new business and renewals of previously acquired Citizens policies. Gross premiums earned rose to USD 486.1 million from USD 338.7 million.

Ceded premiums were approximately USD 125.5 million against USD 94.8 million, equal to 25.8% and 28.0% of gross premiums earned. The USD 30.7 million increase was primarily attributable to higher catastrophe reinsurance costs in line with portfolio growth.

Net premiums earned rose to USD 360.6 million from USD 243.9 million, driven by earnings growth from voluntary homeowners and Citizens acquired policies, offset by higher reinsurance costs.

Investment Income and Earnings

Net investment income was USD 22,152 thousand against USD 15,040 thousand. Net income was USD 134,850 thousand against USD 70,072 thousand.

Operating expenses rose to USD 208,356 thousand from USD 165,310 thousand, while pretax income rose to USD 178,461 thousand from USD 96,297 thousand.

The estimates table lists a market capitalization of USD 3.40 billion.

The filing reports gross premiums earned of USD 486.1 million against USD 338.7 million, and ceded premiums of USD 125.5 million against USD 94.8 million. Basic EPS was 1.17 against 1.05, while diluted EPS was 1.06 against 0.56. Total revenue of USD 386,817 thousand compares with USD 261,607 thousand.

Losses and loss adjustment expenses incurred, net, were USD 108,740 thousand against USD 91,369 thousand, and policy acquisition and other underwriting expenses were USD 42,280 thousand against USD 32,096 thousand. General and administrative expenses were USD 55,028 thousand against USD 37,935 thousand, and interest expense was USD 924 thousand against USD 895 thousand.

At June 30, 2026, total assets were USD 3,599,110 thousand against USD 2,918,465 thousand at the prior year-end, and loss and loss adjustment expense reserves were USD 501,020 thousand against USD 439,715 thousand.

Figures to Follow in the Release

Diluted EPS against 0.82 and revenue against USD 433.50 million are the headline comparisons. Other markers are gross premiums written against USD 508.0 million, ceded premiums as a percentage of gross premiums earned and net investment income.