Slide Insurance Holdings, Inc. reported fourth‑quarter 2025 results that far exceeded expectations, with net income of $170.4 million and diluted earnings per share of $1.23—an $0.52 or 73% beat over the consensus estimate of $0.71. Total revenue reached $347.0 million, up 46% from $238.5 million a year earlier and $29.6 million above the $317.42 million estimate. Gross premiums written climbed 56.7% YoY to $618.5 million, while net premiums earned rose 45.4% to $326.6 million. The combined ratio improved sharply to 38.0% from 60.9% a year earlier, driven by a significant drop in catastrophe losses and disciplined underwriting.
For the full year 2025, Slide generated gross premiums written of $1.80 billion, a 34.6% increase from $1.33 billion in 2024. Net income reached $444.0 million and diluted EPS was $3.36. The loss ratio was 8.3% and the combined ratio was 52.1%. Compared with Q3 2025, where net income was $111 million, the fourth‑quarter earnings more than doubled, underscoring the company’s accelerating profitability.
Slide’s 2026 guidance projects full‑year gross written premiums of $1.85 billion to $1.95 billion, net income of $455 million to $470 million, and diluted EPS of $3.20 to $3.40. Management attributes the outlook to confidence in organic growth and the expectation of maintaining low loss ratios in a hurricane‑free season. The company also plans to expand into New York, New Jersey, Rhode Island, and California, and to launch an excess‑and‑surplus product in California within the next 30 to 60 days.
The strong results are underpinned by a tech‑enabled platform that has attracted high‑risk coastal markets, a recent acquisition of policies from Citizens, and efficient underwriting that has kept loss and expense ratios low. Reinsurance costs have eased, and the company repurchased $20 million of shares in Q4, signaling confidence in its capital position. CEO Bruce Lucas said, "2025 was a significant year for Slide. We took the company public and continue to demonstrate the ability of our tech‑enabled coastal specialty focus to deliver the best top and bottom line performance in our sector." CFO Anastasios Omiridis added, "Gross premiums written were $618.5 million, a 57% increase compared to $394.6 million in the prior year period. Total revenue of $347 million increased 46% compared to $238.5 million in the prior year period. He detailed a combined ratio improvement to 38% from 60.9% year‑over‑year and net income more than doubling to $170.4 million for the quarter."
Investors reacted positively to the earnings release, citing the substantial EPS beat, the sharp improvement in the combined ratio, and the optimistic 2026 guidance. Analysts noted the company’s disciplined underwriting and growth strategy as key drivers of the strong performance.
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