Slide Insurance coverage Q2 Revenue Jumps as Premiums and Insurance policies Surge
Tampa, FL – August 13, 2025 – Slide Insurance coverage Holdings, Inc. (Nasdaq: SLDE), a technology-driven property and casualty insurer, reported a strong 30.5% year-over-year enhance in internet revenue for the second quarter of 2025, reaching $70.1 million, or $0.56 diluted earnings per share. The corporate’s success was fueled by a 25.0% surge in gross premiums written, which climbed to $435.4 million from $348.3 million within the prior-year interval, pushed by coverage acquisitions from Residents Property Insurance coverage Corp. and regular renewal charges.
In response to Slide’s August 12 earnings launch, insurance policies in pressure grew to 348,439 by June 30, 2025, up 27% from 275,178 a yr earlier, although solely barely greater than the 348,029 recorded on the finish of Q1 2025. The expansion was tempered by a 52% drop in new insurance policies written (11,429 vs. 23,608 within the first half of 2024) following the completion of the Farmers renewal rights settlement in February 2025. Internet premiums earned rose 25.1% to $243.9 million, contributing to a complete income enhance of 25.1% to $261.6 million.
A key spotlight was the development in Slide’s mixed ratio, which dropped 250 foundation factors to 67.4% from 69.9%, signaling stronger underwriting profitability. The loss ratio improved considerably by 850 foundation factors to 37.4%, down from 45.9%, largely as a consequence of a pointy discount in disaster losses from non-hurricane climate occasions, which fell to $6.1 million from $29.9 million. “Our underwriting expertise continues to outperform, permitting us to generate superior underwriting returns,” mentioned Bruce Lucas, Slide’s Chairman and CEO, in an announcement.
Nonetheless, bills rose, with coverage acquisition and underwriting prices growing to $32.1 million from $17.8 million, pushed by the upper coverage rely and fewer premiums earned on Residents insurance policies throughout their assumption interval. Common and administrative bills additionally climbed to $37.9 million from $26.8 million, reflecting staffing development to assist the expanded coverage base. The coverage acquisition expense ratio rose to 11.9% from 9.1%, and the general expense ratio elevated to twenty-eight.6% from 24.3% for the primary half of 2025.
Slide’s monetary place was bolstered by its June 2025 preliminary public providing (IPO), which raised $263.5 million in internet proceeds, doubling shareholders’ fairness to $868.1 million and decreasing the debt-to-capitalization ratio from 11% to 4%. The IPO, which valued Slide at $2.62 billion, was the biggest insurance coverage sector providing of 2025, signaling robust investor confidence within the insurtech house. Moreover, Slide accomplished a $250 million disaster bond issuance by means of Purple Re Ltd., offering multi-year protection for named storms and extreme climate in Florida and South Carolina.
Regardless of the robust outcomes, analysts famous challenges. A Panabee report highlighted a 59% decline in insurance policies acquired from Residents (26,370 vs. 64,585 within the first half of 2024), elevating issues about future development drivers as conventional acquisition channels gradual. Return on fairness fell to 25.0% for the primary half of 2025 from 37.3% a yr earlier, reflecting the bigger fairness base post-IPO not but translating into proportional earnings.
Posts on X, together with from @NewsReinsurance, celebrated Slide’s $70 million internet revenue and 25% premium development, however some customers, like @InsurtechWatch, questioned whether or not the corporate can maintain development amid declining new coverage volumes. Slide’s management stays optimistic, with Lucas emphasizing the corporate’s “well-capitalized stability sheet and tech-enabled, data-driven underwriting capabilities” as key to its long-term technique.
Sources: Slide Insurance coverage Holdings, Insurance coverage Enterprise America, Yahoo Finance, Panabee, Reinsurance Information, X posts