Slide Insurance Holdings, Inc., the technology-enabled insurer, has reported net income of $170.4 million for the fourth quarter of 2025, representing a 126.9% increase compared to $75.1 million in the prior-year period.
For the quarter, gross premiums written totalled $618.5 million, up 56.7% from $394.6 million in Q4’24, driven by the acquisition of additional policies from Citizens, as well as relatively consistent renewal rates across existing written policies.
Net premiums earned rose 45.4% to $326.6 million, compared to $224.6 million, while total revenue increased 45.5% to $347.0 million from $238.5 million a year earlier.
The company’s combined ratio improved to 38.0% from 60.9%, reflecting higher net premiums earned from increased policies in force and a lower level of catastrophe losses from hurricane and non-hurricane weather activity. The loss ratio improved to 8.3% from 26.3%.
Losses and loss adjustment expenses (LAE) incurred, net were $27.1 million, an improvement from $59.1 million in Q4’24, which included $32.1 million of catastrophe losses from Hurricanes Debby, Helene and Milton.
As of December 31st, 2025, policies in force were 493,532, compared to 351,707 as of September 30th, 2025 and 343,056 as of December 31st, 2024. The average premium per residential policy was $3,670, while the average premium per commercial residential policy was $143,213.
For full year 2025, Slide’s net income increased 120.7% to $444.0 million, compared to $201.1 million in 2024.
Gross premiums written stood at $1.80 billion, up 34.6% from $1.33 billion. Net premiums earned grew 36.2% to $1.08 billion from $792.4 million.
Total revenue increased 36.5% to $1.16 billion from $846.8 million.
The combined ratio improved to 52.1% for the year, compared to 72.3%.
Losses and loss adjustment expenses (LAE) incurred, net were $235.5 million, compared to $339.3 million in the prior year, which included $87.9 million of catastrophe losses from Hurricanes Debby, Helene and Milton, reflecting lower hurricane and non-hurricane-related weather losses.
Slide revealed its full year outlook for 2026, expecting to generate gross written premiums in the range of $1.85 billion to $1.95 billion. Top-line growth is anticipated to be driven primarily by sustained organic expansion, including double-digit increases in policies in force and premium outside Florida, complemented by selective growth opportunities within Florida that meet its return thresholds. The company expects to generate full year net income in the range of $455 million to $470 million.
Bruce Lucas, Chairman and Chief Executive Officer of Slide, said, “We delivered exceptional results in the fourth quarter and for the full year 2025, providing us with significant momentum entering 2026.
“We generated meaningful growth on both a top-line and bottom-line basis, once again demonstrating the strength of our business model and our disciplined underwriting. As we progress through 2026, we remain focused on our long-term growth strategy and further strengthening our market position. We will continue to expand into new catastrophe exposed markets while maintaining our prudent underwriting standards. Combined with our ongoing investments in our team and in consistently enhancing our tech platform, we remain well-positioned to deliver sustainable growth and create long-term value for our shareholders.”
In June 2025, Slide completed its initial public offering, which was priced at the high end of its expected range at $17 per share.
