Slide Insurance (SLDE)
Provides homeowners and residential property insurance in catastrophe-exposed coastal markets.
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Writes homeowners, condominium, and commercial residential property coverage, earning premiums on direct and assumed policies distributed through agents and a direct channel. The book remains concentrated in Florida, with catastrophe reinsurance and state insurance regulation shaping capacity, pricing, and retained hurricane exposure.
Provides single-family homeowners, condominium, and commercial residential property insurance in catastrophe-exposed coastal markets. Premiums come from direct and assumed policies, with growth supported by independent agents, direct-to-consumer distribution, renewals, Citizens policy assumptions, and block acquisitions from other insurers. Nearly all direct written premiums still originate in Florida, while South Carolina is active and California recently launched through a specialty surplus-lines subsidiary.
Uses proprietary policy-level data, predictive analytics, automation, and aerial imagery to price and select risk. Underwriting, policy administration, and claims are supported by in-house insurance and service subsidiaries.
Operates as one insurance segment and earns primarily from premiums, policy fees, and investment income. Hurricane concentration makes catastrophe protection central: excess-of-loss reinsurance and catastrophe bonds transfer portions of loss exposure, while pricing, capital, policy assumptions, and non-renewals remain subject to state insurance regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Morgan Stanley | Target | Target: $20 | Target: $22 |
| Jul 29, 2026 | Barclays | Reiterate | Rating: —Target: $27 | Target: $28 |
| Jul 7, 2026 | Barclays | Reiterate | Rating: —Target: $31 | Target: $27 |
| Jul 6, 2026 | Morgan Stanley | Downgrade | Target: $21 | Target: $20 |
| Apr 29, 2026 | Barclays | Reiterate | Rating: —Target: — | Target: $31 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.07B · Total debt $38.7M · Total assets $3.60B · Shareholders' equity $1.19B
- Revenue
- $386.8M
- Operating income
- $178.5M
- Net income
- $134.9M
HistoryDividendAnnual yield
| Institutions | ≈ 48.66% | 56.84M shares | |
|---|---|---|---|
| 229 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 43.75% | 51.10M shares | |
| 7 holders · as of Sep 10, 2026 | |||
| Other | ≈ 7.59% | 8.87M shares | |
| remainder | |||
116.81M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Bruce Lucas1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 40.87% | 51.78M | filed Sep 2, 2026 |
BlackRock, Inc.Institution | 4.36% | 5.09M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.27% | 4.99M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 3.64% | 4.25M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 2.57% | 3.00M | as of Jun 30, 2026 |
- Bruce Lucas's transaction reports restate only vehicles that traded; the 2025 ownership statement (51.78M) less the 4.05M net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Stephen L. Rohde | director | −7,500 | $26.40 |
| Sep 14, 2026 | Anastasios Omiridis | officer: Chief Financial Officer | −330 | $26.23 |
| Sep 14, 2026 | Matthew Paul Larson | officer: Chief Risk Officer | −11,374 | $26.00 |
| Sep 9, 2026 | Robert JR Gries | director | −61,762 | $24.28 |
| Sep 8, 2026 | Robert JR Gries | director | −107,510 | $24.44 |
- HCI Group
Tampa Florida homeowners insurer growing via Citizens depopulation and insurtech
- Heritage Insurance
Tampa-founded super-regional coastal P&C insurer; holds equity stake in Slide
- Universal Insurance
Largest Florida-focused private homeowners insurer, 19 states, 9,600 agents
- American Coastal Insurance
#1 Florida commercial-residential P&C carrier via exclusive AmRisc partnership
- Mercury General
California-led admitted homeowners insurer with coastal wildfire exposure
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Slide Insurance | $24.11 | −0.45% | $2.83B | 5.9 | 6.8 | 2.0 | +16.7% |
| HCI Group | $182.66 | −0.83% | $2.35B | 7.6 | 8.9 | 2.5 | +11.2% |
| Heritage Insurance | $34.06 | −0.26% | $1.03B | 4.9 | 6.8 | 1.3 | +3.0% |
| Universal Insurance | $43.39 | −0.54% | $1.21B | 5.7 | 9.4 | 0.7 | +55.3% |
| American Coastal Insurance | $9.25 | +0.60% | $445.4M | 4.6 | 9.4 | 1.3 | +150.2% |
| Mercury General | $98.54 | −1.80% | $5.56B | 5.9 | 8.2 | 0.9 | +5.5% |
| Median | 5.7 | 8.9 | 1.3 | +11.2% |