| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 90 | 5.8x | 17.8x | Top tier | |
Growth | 94 | 41.5% | 7.1% | Top tier | |
Quality | 99 | — | — | Top tier | |
Safety | 41 | — | — | Around median | |
Capital Return | 81 | — | 2.12% | Top tier | |
Momentum | 94 | 50.1% | 2.9% | Top tier | |
Sentiment | 23 | 3 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Slide Insurance Holdings is a property insurer specializing in catastrophe-exposed coastal areas and relies on a technology- and data-enabled underwriting platform to select and price risks. Premium growth comes from renewals of existing policies, voluntary sales, and selective acquisitions of Citizens policies; in Q1 fiscal 2026, policies in force reached 508,928, up 46% year over year, while Citizens additions included approximately 28,783 policies representing $92.3 million in total annualized premiums.
According to the latest EDGAR filings, Q2 fiscal 2026 recorded revenue of $386.8 million, net income of $134.8 million, and earnings per share of $1.06, equivalent to a calculated net income margin of approximately 34.9%. The provided data does not include a segment breakdown or a gross profit figure, but the previous quarter clearly showed the underwriting economics: in Q1 fiscal 2026, gross written premiums reached $414.8 million, the combined ratio improved to 55.5% from 58.9%, and the accident-year loss ratio declined to 28.4% from 34.2%.
On an annual basis, fiscal 2025 generated revenue of $1.2 billion, net income of $444.0 million, and earnings per share of $3.36. In Q1 fiscal 2026, net income rose 50.8% to $139.5 million, while gross written premiums increased 49.1% to $414.8 million, reflecting an expanding policy base alongside improved underwriting efficiency.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rates SLDE as “Buy,” with an average target of $25 and a range of $22 to $28; the average is approximately 5.3% above the 52-week range high of $23.75, while the highest target exceeds that high by approximately 17.9%. The 52-week range extends from $12.53 to $23.75, and the data does not provide a live price-to-earnings ratio, although one analyst noted during the April 29, 2026 call that the historical multiple at the time was approximately 5.5 times; that low valuation at the time should be weighed against the earnings exposure to catastrophes and the execution risks of geographic expansion.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Slide generates its revenue primarily by underwriting property insurance policies in catastrophe-exposed coastal markets, and grows through voluntary sales, policy renewals, and selective acquisitions of Citizens policies. In Q1 fiscal 2026, gross written premiums reached $414.8 million, up 49.1% year over year. The improvement in the accident-year loss ratio to 28.4% and the combined ratio to 55.5% helped raise net income to $139.5 million.
On April 29, 2026, management reaffirmed its expectation for gross written premiums of between $1.85 billion and $1.95 billion in fiscal 2026. It also maintained net income guidance of between $455 million and $470 million. The company expects double-digit growth in policy count and premiums outside Florida, with the increase primarily coming from organic expansion and supported by selective opportunities in Florida.
Management identified California as the top expansion priority and said on April 29, 2026 that the distribution network was complete and that the remaining work focused on finalizing systems matters. Management estimated that California could add between $50 million and $100 million to revenue during fiscal 2026, and possibly more. It also saw opportunities in New York and New Jersey due to limited insurance capacity and reinsurance diversification benefits, while noting the risks of proposed profit caps in New York.
The company increased its first-event reinsurance tower by approximately $1 billion in 2026 to nearly $3.5 billion, in line with the growth of its policy portfolio. Management said its policy has historically kept first-event retention at no more than 25% of annual pretax earnings, and that retention declines with the second and third events. However, it explained that an event the size of Hurricane Milton could reduce pretax earnings by approximately 25% if the full retention is incurred, while the impact of an event similar to Hurricane Helene was very limited, according to its description.
During Q1 fiscal 2026, Slide repurchased approximately 7.7 million shares at a weighted average of $17.75 per share. From the start of the programs through the April 29, 2026 call, the total reached 13.3 million shares for $230.9 million at an average of $17.30, reducing the dilution impact associated with the initial public offering from 13% to 3%. Liquidity supported this policy, as the company held $1.2 billion in cash and equivalents and $720 million in investments as of March 31, 2026.
Q2 fiscal 2026 recorded revenue of $386.8 million, net income of $134.8 million, and earnings per share of $1.06. By comparison, Q1 fiscal 2026 recorded revenue of $389.3 million, net income of $139.5 million, and earnings per share of $1.02. This indicates a slight sequential decline in revenue and net income, offset by an improvement in earnings per share, while fiscal 2025 results totaled $1.2 billion in revenue and $444.0 million in net income.
