Slide Insurance Holdings, Inc., the technology-enabled insurer, has reported a net income of $139.5 million for the first quarter of 2026, up 50.8% compared to $92.5 million in the same period a year earlier.
In Q1’26, gross premiums written increased 49.1% to $414.8 million, compared to $278.2 million in Q1’25, 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.
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.
Losses and loss adjustment expenses (LAE) incurred, net were $111 million, up from $83.8 million in the prior-year period. The loss ratio improved to 30.4% from 31.5%, reflecting lower catastrophe losses.
As of March 31, 2026, policies in force totalled 508,928, compared to 348,029 as of March 31, 2025, representing a 46% increase year-over-year.
Bruce Lucas, Chairman and Chief Executive Officer of Slide, said, “Our first quarter results reflect strong execution across our business and reinforce the capability of our operating model.
“We continued to deliver robust growth while maintaining our commitment to disciplined underwriting and operational excellence. Our continued technology investments position us well to capitalise on additional expansion opportunities through the remainder of the year. As we move through 2026, we remain committed to our long-term diversified growth strategy and continue to be confident in delivering on our full-year targets while generating sustainable value for our shareholders.”
