Slide Insurance Holdings, Inc., the technology-enabled insurer, has reported a net income of $134.9 million for the second quarter of 2026, up 92.4% compared to $70.1 million in the same period last year.
The company’s combined ratio was 57.6% in the quarter, improving 980 basis points, compared to 67.4% in the prior-year period, reflecting lower loss ratio and improved operating leverage.
Gross premiums written stood at $508.0 million, increasing 16.7% from the $435.4 million reported in the same period last year. According to the insurer, the increase was driven by growth of voluntary new business and renewals of previously acquired Citizens policies.
For Q2 2026, Slide also reported a 47.9% increase in net premiums earned, to $360.6 million, with total revenue also increasing 47.9% to $386.8 million, compared to $243.9 million and $261.6 million, respectively, in the same period last year.
The increase and year-over-year growth were directly driven by earnings growth from previous increase in voluntary homeowners and Citizens acquired policies.
Total revenue for the quarter went up 47.9% to $386.8 million, compared to $261.6 million in the prior-year period.
Losses and loss adjustment expenses (LAE) incurred, net were $108.7 million, up from $91.4 million in the prior-year period. The loss ratio improved to 30.2%, compared to 37.4% in the prior-year period, primarily due to an improvement in overall loss experience.
Policy acquisition and other underwriting expenses in Q2 2026 were $42.3 million, compared to $32.1 million in the same period last year.
This increase was driven by higher renewal policies from prior year assumed Citizens’ policies, resulting in an increment in policy acquisition costs in 2026.
Bruce Lucas, Chairman and Chief Executive Officer of Slide, said: “Our second quarter results reflect the continued strength of our operating model and disciplined execution. We delivered another quarter of profitable growth while maintaining the underwriting discipline that has been central to our success.
“The scalability of our platform and our ability to capitalize on attractive opportunities position us well to execute our diversified growth strategy and create long-term value for our shareholders.”
