NASDAQ : SLDE
Slide Insurance Holdings, Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 27.54 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.23B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 1.39B | 1.08B | 792.44M | 441.41M | 236.59M |
| Total Interest & Dividend Income | 74.74M | 66.42M | 47.06M | 20.93M | 2.38M |
| Other Revenue | 13.14M | 9.96M | 7.31M | 6.19M | 3.47M |
| Total Revenue | 1.48B | 1.16B | 846.81M | 468.53M | 242.43M |
| Policy Benefits | 348.22M | 235.46M | 339.29M | 193.27M | 133.49M |
| Policy Acquisition & Underwriting Costs | 174.91M | 139.38M | 85.97M | 58.56M | 33.49M |
| Amortization of Goodwill & Intangibles | 2.00M | 7.59M | 7.87M | 8.19M | 5.93M |
| Depreciation & Amortization | 5.39M | 4.85M | 2.45M | 424.00K | |
| Selling, General & Administrative | 187.95M | 163.68M | 134.62M | 85.58M | 37.66M |
| Other Operating Expenses | 183.00K | ||||
| Total Operating Expenses | 732.00M | 563.03M | 573.09M | 348.49M | 211.93M |
| Operating Income | 752.16M | 592.87M | 273.73M | 120.04M | 30.50M |
| Interest Expense | -4.25M | -3.63M | -3.75M | -2.40M | -489.00K |
| Pretax Income | 747.90M | 589.24M | 269.98M | 117.64M | 30.01M |
| Income Tax Expense | 164.91M | 145.28M | 68.85M | 30.27M | 7.71M |
| Net Income | 582.99M | 443.96M | 201.12M | 87.37M | 22.30M |
| Net Income to Common | 582.99M | 443.96M | 201.12M | 87.37M | 22.30M |
| Shares Outstanding (Basic) | 119.89M | 93.37M | 56.22M | 57.18M | 61.28M |
| Shares Outstanding (Diluted) | 132.27M | 131.96M | 121.14M | 120.63M | 112.46M |
| EPS (Basic) | 4.86 | 4.75 | 3.58 | 1.53 | 0.36 |
| EPS (Diluted) | 4.40 | 3.36 | 1.66 | 0.72 | 0.20 |
| Free Cash Flow | 960.82M | 794.58M | 543.80M | 434.32M | 151.85M |
| Free Cash Flow Per Share | 7.26 | 6.02 | 4.49 | 3.60 | 1.35 |
| Operating Margin | 50.68% | 51.29% | 32.32% | 25.62% | 12.58% |
| Profit Margin | 39.28% | 38.41% | 23.75% | 18.65% | 9.20% |
| Free Cash Flow Margin | 64.74% | 68.74% | 64.22% | 92.70% | 62.63% |
| EBITDA | 759.55M | 605.31M | 284.04M | 128.77M | 36.43M |
| EBITDA Margin | 51.18% | 52.37% | 33.54% | 27.48% | 15.03% |
| D&A For EBITDA | 7.39M | 12.44M | 10.31M | 8.73M | 5.93M |
| EBIT | 752.16M | 592.87M | 273.73M | 120.04M | 30.50M |
| EBIT Margin | 50.68% | 51.29% | 32.32% | 25.62% | 12.58% |
| Effective Tax Rate | 22.05% | 24.66% | 25.50% | 25.73% | 25.70% |
| Revenue as Reported | 1.48B | 1.16B | 846.81M | 468.53M | 242.43M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Investments in Debt Securities | 843.10M | 589.72M | 464.97M | 270.21M | 27.00M |
| Other Investments | 6.67M | 4.00M | 4.55M | 5.22M | 1.50M |
| Total Investments | 849.77M | 593.72M | 469.51M | 275.43M | 28.50M |
| Cash & Equivalents | 700.58M | 1.20B | 493.41M | 334.55M | 176.65M |
| Reinsurance Recoverable | 117.30M | 162.31M | 341.05M | 114.97M | 329.51M |
| Other Receivables | 130.46M | 132.15M | 63.49M | 73.56M | 12.41M |
| Deferred Policy Acquisition Cost | 110.26M | 93.73M | 65.05M | 42.99M | 25.98M |
| Property, Plant & Equipment | 22.52M | 20.06M | 21.97M | 12.48M | 12.93M |
| Goodwill | 2.60M | 2.60M | 2.60M | 2.60M | 2.60M |
| Other Intangible Assets | 99.00K | 7.69M | 15.56M | 23.73M | |
| Restricted Cash | 1.02B | 481.76M | 296.43M | 107.82M | 52.54M |
| Other Current Assets | 411.95M | 211.68M | 152.48M | 84.09M | 34.83M |
| Long-Term Deferred Tax Assets | 28.32M | 18.33M | 17.37M | 11.47M | 2.58M |
| Other Long-Term Assets | 494.00K | 816.00K | 865.00K | 1.19M | 2.71M |
| Total Assets | 3.39B | 2.92B | 1.93B | 1.08B | 704.97M |
| Accounts Payable | 31.14M | 19.77M | 13.86M | 10.00M | 4.08M |
| Accrued Expenses | 46.86M | 14.12M | 9.46M | 4.79M | 6.63M |
| Insurance & Annuity Liabilities | 503.87M | 439.71M | 595.49M | 249.57M | 323.33M |
| Unearned Premiums | 983.60M | 1.00B | 696.31M | 459.75M | 180.10M |
| Reinsurance Payable | 324.21M | 160.33M | 70.45M | 27.69M | 4.19M |
| Current Portion of Leases | 604.00K | 2.27M | |||
| Current Income Taxes Payable | 75.46M | 93.56M | 43.94M | 27.31M | 7.85M |
| Long-Term Debt | 27.61M | 33.75M | 39.31M | 35.39M | 24.14M |
| Long-Term Leases | 7.86M | 7.38M | 9.06M | 7.22M | 8.00M |
| Other Long-Term Liabilities | 86.79M | 33.63M | 20.80M | 17.31M | 11.21M |
| Total Liabilities | 2.09B | 1.81B | 1.50B | 839.10M | 569.62M |
| Preferred Stock, Convertible | 514.00K | 92.00K | 82.00K | ||
| Common Stock | 1.17M | 1.24M | 562.00K | 102.00K | 112.00K |
| Additional Paid-In Capital | 170.34M | 351.69M | 122.61M | 126.75M | 114.91M |
| Retained Earnings | 1.16B | 753.15M | 309.19M | 108.07M | 20.69M |
| Comprehensive Income & Other | -26.42M | 7.17M | 285.00K | 2.59M | -458.00K |
| Total Common Equity | 1.30B | 1.11B | 432.64M | 237.51M | 135.26M |
| Shareholders' Equity | 1.30B | 1.11B | 433.16M | 237.60M | 135.34M |
| Total Liabilities & Equity | 3.39B | 2.92B | 1.93B | 1.08B | 704.97M |
| Filing Date Shares Outstanding | 117.25M | 124.32M | 56.89M | 56.22M | 61.28M |
| Total Common Shares Outstanding | 117.32M | 123.89M | 56.22M | 56.22M | 61.28M |
| Total Debt | 36.08M | 43.40M | 48.37M | 42.61M | 32.13M |
| Net Cash (Debt) | 664.50M | 1.16B | 445.04M | 291.94M | 144.52M |
| Net Cash Per Share | 5.02 | 8.77 | 3.67 | 2.42 | 1.29 |
| Book Value Per Share | 11.10 | 8.99 | 7.70 | 4.22 | 2.21 |
| Tangible Book Value | 1.30B | 1.11B | 422.35M | 219.34M | 108.92M |
| Tangible Book Value Per Share | 11.08 | 8.96 | 7.51 | 3.90 | 1.78 |
| Machinery | 5.27M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | 582.99M | 443.96M | 201.12M | 87.37M | 22.30M |
| Depreciation & Amortization | 7.39M | 12.44M | 10.31M | 8.73M | 5.93M |
| Other Amortization | 1.01M | 793.00K | 372.00K | ||
| Gain (Loss) on Sale of Investments | -1.91M | -2.72M | -3.45M | -889.00K | -6.00K |
| Stock-Based Compensation | 13.05M | 12.07M | 2.88M | 2.28M | 1.36M |
| Change in Accounts Receivable | -14.17M | -66.94M | 13.14M | -58.86M | -12.20M |
| Reinsurance Recoverable | 122.83M | 173.90M | -221.24M | 214.54M | -329.51M |
| Change in Accounts Payable | 9.54M | 5.91M | 3.86M | 5.92M | 1.58M |
| Change in Unearned Revenue | 192.75M | 322.77M | 237.63M | 279.74M | 190.89M |
| Change in Income Taxes | 138.23M | 118.84M | 17.94M | 16.77M | 10.44M |
| Change in Insurance Reserves / Liabilities | -20.09M | -155.77M | 345.92M | -73.76M | 323.33M |
| Change in Other Net Operating Assets | -91.54M | -60.36M | -70.20M | -42.97M | -32.91M |
| Other Operating Activities | -72.91M | -68.66M | -5.12M | -9.93M | -2.31M |
| Operating Cash Flow | 968.77M | 797.43M | 553.89M | 443.00M | 157.12M |
| Capital Expenditures | -7.95M | -2.86M | -10.09M | -8.68M | -5.27M |
| Purchase / Sale of Intangible Assets | -14.91M | ||||
| Cash Acquisitions | -2.81M | ||||
| Investment in Securities | -413.12M | -112.33M | -193.91M | -241.66M | -29.11M |
| Investing Cash Flow | -421.07M | -115.18M | -204.00M | -250.33M | -52.10M |
| Long-Term Debt Issued | 40.00M | 29.15M | 16.48M | ||
| Total Debt Repaid | -6.00M | -6.00M | -32.58M | -18.20M | -2.35M |
| Net Debt Issued (Repaid) | -6.00M | -6.00M | 7.42M | 10.95M | 14.14M |
| Issuance of Common Stock | 3.57M | 265.19M | 11.00K | ||
| Repurchases of Common Stock | -219.81M | -45.55M | -4.00M | ||
| Issuance of Preferred Stock | 1.00K | 13.54M | 8.96M | ||
| Repurchases of Preferred Stock | -540.00K | ||||
| Other Financing Activities | -2.38M | -2.76M | -9.29M | ||
| Financing Cash Flow | -232.81M | 210.88M | -2.41M | 20.50M | 23.10M |
| Net Cash Flow | 314.89M | 893.13M | 347.48M | 213.17M | 128.11M |
| Free Cash Flow | 960.82M | 794.58M | 543.80M | 434.32M | 151.85M |
| Free Cash Flow Margin | 64.74% | 68.74% | 64.22% | 92.70% | 62.63% |
| Free Cash Flow Per Share | 7.26 | 6.02 | 4.49 | 3.60 | 1.35 |
| Levered Free Cash Flow | 375.17M | 710.65M | 3.67M | 451.40M | |
| Unlevered Free Cash Flow | 376.82M | 712.13M | 5.65M | 452.90M | |
| Cash Interest Paid | 2.08M | 1.79M | 3.70M | 1.92M | 457.00K |
| Cash Income Tax Paid | 64.02M | 33.52M | 58.51M | 23.10M | |
| Change in Working Capital | 439.14M | 399.54M | 347.76M | 347.85M | 129.84M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 3.24B | 2.42B | |||
| Enterprise Value | 2.58B | 1.60B | |||
| PE Ratio | 6.28 | 5.45 | |||
| PS Ratio | 2.16 | 2.10 | |||
| PB Ratio | 2.50 | 2.17 | |||
| P/FCF Ratio | 3.33 | 3.05 | |||
| P/OCF Ratio | 3.31 | 3.04 | |||
| EV/Sales Ratio | 1.71 | 1.39 | |||
| EV/EBITDA Ratio | 3.34 | 2.65 | |||
| EV/EBIT Ratio | 3.37 | 2.71 | |||
| EV/FCF Ratio | 2.64 | 2.02 | |||
| Debt / Equity Ratio | 0.03 | 0.04 | 0.11 | 0.18 | 0.24 |
| Debt / EBITDA Ratio | 0.05 | 0.07 | 0.17 | 0.33 | 0.86 |
| Debt / FCF Ratio | 0.04 | 0.06 | 0.09 | 0.10 | 0.21 |
| Net Debt / Equity Ratio | -0.51 | -1.04 | -1.03 | -1.23 | -1.07 |
| Net Debt / EBITDA Ratio | -0.88 | -1.91 | -1.57 | -2.27 | -3.97 |
| Net Debt / FCF Ratio | -0.69 | -1.46 | -0.82 | -0.67 | -0.95 |
| Quick Ratio | 0.56 | 1.03 | 0.66 | 0.77 | 0.93 |
| Current Ratio | 1.63 | 1.70 | 1.61 | 1.35 | 2.99 |
| Asset Turnover | 0.49 | 0.48 | 0.56 | 0.53 | |
| Return on Equity (ROE) | 51.44% | 57.42% | 59.97% | 46.86% | |
| Return on Assets (ROA) | 15.47% | 15.28% | 11.37% | 8.42% | |
| Return on Invested Capital (ROIC) | 45.59% | 54.54% | 53.54% | 39.83% | 13.53% |
| Earnings Yield | 15.92% | 18.34% | |||
| FCF Yield | 30.00% | 32.82% | |||
| Buyback Yield / Dilution | -2.65% | -8.93% | -0.42% | -7.27% |