Slide Insurance Holdings (SLDE) investor relations material

Executive summary

• Gross premiums written increased 25% year-over-year to $435.4 million for Q2 2025, driven by policy acquisitions, renewals, and Citizens policy assumptions.

• Net income rose 30.5% to $70.1 million for Q2 2025, with diluted EPS of $0.56.

• Maintained profitability since inception, leveraging proprietary AI underwriting and data analytics to outperform peers in specialty coastal insurance.

• Completed an IPO in June 2025, raising $263.5 million in net proceeds, converting all preferred stock to common, and strengthening liquidity and capital position.

• Total assets as of June 30, 2025, were $2.81 billion, with shareholders' equity at $868.1 million.

Financial highlights

• Q2 2025 gross premiums written: $435.4 million (+25% YoY); net premiums earned: $243.9 million (+25.1% YoY); total revenue: $261.6 million (+25.1% YoY).

• Net income for Q2 2025 was $70.1 million, and net investment income was $15.0 million (+23.8% YoY).

• Cash, cash equivalents, and restricted cash totaled $1.416 billion as of June 30, 2025.

• Shareholders' equity increased to $868.1 million as of June 30, 2025.

• Outstanding long-term debt was $36.3 million, with $170 million available borrowing capacity.

Outlook and guidance

• Plans to expand into New York, New Jersey, and Rhode Island in early 2026, with a California ENS product in development pending regulatory review.

• Expects meaningful growth from assuming up to 175,000 Citizens policies in Q4 2025, with historical assumption rates ranging from 30% to 70%.

• Management anticipates continued strong growth and profitability, leveraging technology and data-driven underwriting as new state launches and Citizens takeouts progress.