Slide Insurance Holdings, Inc. has expanded into California, launching a residential property excess and surplus (E&S) lines program and writing its first policy in the state.
Slide observed that with its arrival, California homeowners and landlords will now benefit from the firm’s expertise in underwriting catastrophe-exposed markets, supported by strong capitalisation and a focus on long-term stability.
“Slide’s entry into California comes at a critical time for the state, as several major carriers have reduced their presence or exited entirely, leaving property owners facing cancelled policies and limited coverage options,” the firm added.
Bruce Lucas, Chairman and Chief Executive Officer of Slide, commented, “We are proud to have successfully entered the California market, consistent with our strategic timeline.
“This milestone reflects our disciplined approach to expansion and our ability to bring much-needed capacity to markets where homeowners are underserved.
“California homeowners and landlords deserve reliable, customised insurance solutions, and our underwriting expertise and financial strength position us to deliver that stability.”
In the opening quarter, gross premiums written increased 49.1% to $414.8 million, compared to $278.2 million in Q1 2025, driven by growth of voluntary new business, renewals of previously acquired Citizens policies, and further Citizens acquisitions.
Net premiums earned grew 37.5% to $365.9 million, compared to $266 million, and total revenue reached $389.3 million, up 38.2% from $281.6 million in the prior-year period.
The combined ratio improved to 55.5% from 58.9%, primarily due to lower catastrophe losses and scaling impact in net earned premium growth, alongside more moderate operating expense growth and a reduction in amortisation expense as intangible assets were fully amortised at the end of 2025.
