Slide Insurance Holdings, Inc. completed a $120 million common‑stock repurchase, buying back 7,109,417 shares at a weighted average price of $16.88 per share, and simultaneously authorized a new $125 million common‑stock repurchase program.
The repurchase was completed on March 24, 2026, following the announcement made the day before. The new program is open‑ended, can be modified, suspended or discontinued at any time, and reflects management’s confidence in the company’s long‑term growth strategy, underwriting strength and robust free‑cash‑flow generation.
Slide’s Q4 2025 earnings were a sharp beat, with earnings per share of $1.23 versus a consensus estimate of $0.71, a $0.52 or 73% surprise. Total revenue rose to $347 million, up 45.5% from $238.5 million a year earlier, driven by higher gross premiums written and lower catastrophe losses. The combined ratio fell to 38.0% from 60.9% in Q4 2024, and the loss ratio dropped to 8.3% from 26.3%, underscoring the company’s improved underwriting performance and the impact of reduced catastrophe losses.
Bruce Lucas, Chairman and CEO, said, “We are pleased that the Board has authorized a new $125 million stock repurchase program, reflecting confidence in our long‑term growth strategy, superior underwriting capabilities and robust capital position.” He added, “Given the abundant capital we maintain to successfully execute on our diversified growth strategy and the ability of our business model to generate significant free cash flow, we will opportunistically repurchase common stock when we believe it is below fair value and further create long‑term value for our shareholders. At current levels, we believe it is very accretive for Slide to repurchase common stock.”
For 2026, Slide is targeting gross written premiums of $1.85 billion to $1.95 billion and net income of $455 million to $470 million, signaling continued confidence in growth and profitability.
The announcement was met with a positive market reaction, driven by the aggressive capital return strategy and the strong Q4 earnings beat. Investors view the buyback as a signal of robust free‑cash‑flow generation and the company’s technology‑enabled approach to coastal specialty insurance as a key growth engine, while acknowledging headwinds such as increasing catastrophe frequency and competitive pressures.
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