# Slide Insurance Holdings, Inc. (SLDE)

> Source: Nexqual · https://nexqual.com/SLDE · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Slide Insurance Holdings, Inc. (SLDE), nexqual.com/SLDE" · informational, not investment advice.

**Price:** USD 27.75 (+2.36% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 27.11 · day 27.05–27.97 · 52w 14.56–27.97 · market cap $3.24B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.39B, net income $556M (40.0% margin), free cash flow $1.03B (SEC filings).
- Valuation: P/E 5.8x (avg 5.8x at the last 1 fiscal year-ends), net cash $1.21B.
- 1 of 80 tracked superinvestors hold SLDE (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Strong Buy (mean 1.40 on a 1–5 scale) (5 analysts), mean target USD 26.4 (range 22–28).
- Total return with dividends: 1Y +79.0% vs S&P 500 +14.9%; 5Y +19.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.84, revenue estimate $423M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2024 | FY2025 | TTM |
|---|---|---|---|
| Revenue | $847M | $1.16B | $1.39B |
| Net income | $201M | $444M | $556M |
| EPS (diluted) | $1.66 | $3.36 | — |
| Free cash flow | $544M | $795M | $1.03B |
| Net margin | 23.8% | 38.4% | 40.0% |
| Revenue growth | — | +36.5% | — |
| Cash + short-term investments | $493M | $1.20B | — |
| Total debt | $39.2M | $33.7M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 5.8x · P/S 2.3x · EV/Sales 1.5x · P/FCF 3.1x · P/B 2.7x · FCF yield 31.92% · Earnings yield 17.15% · Buyback yield (TTM) 7.12% · Net cash $1.21B · EV $2.03B
P/E at fiscal year-ends: Dec 2025 5.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SLDE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Einhorn | Greenlight Capital | 0.84% | $32.7M | Unchanged |

## Analysts
Consensus Strong Buy (mean 1.40 on a 1–5 scale), 5 analysts; mean target USD 26.4 (low 22, high 28).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Citizens | Target raised | Market Outperform | $27 → $28 |
| 2026-08-03 | Keefe, Bruyette & Woods | Target raised | Outperform | $24 → $26 |
| 2026-07-30 | Citizens | Target raised | Market Outperform | $25 → $27 |
| 2026-07-29 | Barclays | Target raised | Overweight | $27 → $28 |
| 2026-07-08 | Keefe, Bruyette & Woods | Target raised | Outperform | $23 → $24 |
| 2026-07-07 | Barclays | Target lowered | Overweight | $31 → $27 |
| 2026-07-06 | Morgan Stanley | Downgrade | Overweight → Equal-Weight | $23 → $20 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2025-06-16) |
|---|---|---|
| Total return | +79.0% | +19.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +79.4% | +14.1% |
| Volatility (annualized) | 39.1% | 42.0% |
| Max drawdown | -20.0% (Dec 2025→Jan 2026) | -42.6% (Jun 2025→Aug 2025) |

## Peers (Insurance - Property & Casualty)
LMND (Lemonade, Inc.) USD 45.41 +0.29% · SKWD (Skyward Specialty Insurance Gro) USD 62.16 +1.24% · PLMR (Palomar Holdings, Inc.) USD 144.53 +3.85% · HCI (HCI Group, Inc.) USD 206.68 +1.11% · PRCH (Porch Group, Inc.) USD 17.94 -3.50% · WTM (White Mountains Insurance Group) USD 2,247.52 +1.70%

## More
Full page: https://nexqual.com/SLDE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SLDE's own 10-K filed 2026-03-02 (https://www.sec.gov/Archives/edgar/data/1886428/000119312526083277/slde-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Purple Re | "As described above, we entered into a catastrophe reinsurance agreement with Purple Re, which provides coverage for $660 million of losses and loss adjustment expenses in excess of $1 billion, collateralized by the proce…" |

## Company outlook (8-K filed 2026-07-28)

- "The Company reiterated its expectations to generate gross written premiums in the range of $1.85 billion to $1.95 billion."
- "The Company also reiterated its expectations to generate full year net income in the range of $455 million to $470 million."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.84 | $0.56 | +48.7% | $422.7M | 5 |
| Next quarter (ends 2026-12-31) | $1.08 | $1.11 | -2.5% | $396.2M | 5 |
| Current fiscal year (ends 2026-12-31) | $4.00 | $3.56 | +12.3% | $1.52B | 5 |
| Next fiscal year (ends 2027-12-31) | $3.64 | $3.52 | +3.4% | $1.56B | 5 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-27): ±12.3%; last 5 reports averaged ±7.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 41.9% | ±12.3% |
| 2027-01-15 | 84 | 37.7% | ±16.2% |
| 2027-04-16 | 175 | 41.4% | ±24.2% |