Here are 1-2 brief analogies for Slide Insurance:

• Progressive for Florida home insurance
• Lemonade for Florida homeowners

• Homeowners Insurance: This service provides financial protection for residential properties in Florida against various perils, including property damage, theft, and personal liability.

Slide Insurance (symbol: SLDE) primarily sells insurance policies to individuals.

The up to three categories of customers that it serves are:

• Homeowners in Florida: Slide's core business is providing homeowners insurance in the challenging Florida market, which is particularly susceptible to hurricane risk. They serve a broad range of individual homeowners seeking property coverage.
• Policyholders Acquired from Citizens Property Insurance Corporation: A significant portion of Slide's customer base comes from policies assumed through Florida's "depopulation" program, where private insurers like Slide take over policies from the state-backed insurer of last resort, Citizens Property Insurance Corporation. These are individual homeowners previously insured by Citizens.
• Individuals seeking technologically advanced insurance solutions: Slide positions itself as a technology-enabled insurer, utilizing artificial intelligence and data analytics for underwriting and claims processing. This approach appeals to customers looking for a modern, efficient, and data-driven insurance experience.

Bruce Lucas, Founder & Chief Executive Officer

Bruce Lucas is a co-founder of Slide Insurance, established in 2021. Prior to Slide, he founded Heritage Insurance (NYSE: HRTG) in 2012, growing the company from a startup to over $1 billion in annual revenue across 15 states. He served as CEO, CIO, and Chairman of the board of directors for Heritage from 2012 to 2020. Lucas is a serial entrepreneur, having also formed Infinity Investment Funds and partnered to create a profitable community bank in Florida. He retired from Heritage in late 2020 before co-founding Slide.

Anastasios (Andy) Omiridis, Chief Financial Officer

Anastasios (Andy) Omiridis will become Slide's Chief Financial Officer effective December 1, 2025. He brings over 20 years of finance and leadership experience. Most recently, he served as Executive Vice President and CFO of Amerisafe, Inc. since September 2022. His previous roles include senior finance positions at Kemper Corporation, Chubb Life, ARGO Limited, and American Life Insurance Company (AIG).

Shannon Lucas, Co-founder, President & Chief Operating Officer

Shannon Lucas is a co-founder of Slide Insurance, which she established in 2021 with Bruce Lucas. She leads Slide's operations and enterprise risk management. She possesses over 20 years of experience in P&C insurance, with notable tenures at companies such as Tower Hill, Heritage, UPC, and HomeWise. Before co-founding Slide, she served as CEO of Securus Risk Management, LLC from 2016 to 2020.

Gauthaman Krishnamurthy, Chief Information Officer

Gauthaman Krishnamurthy leads Slide's technology strategy and delivery. He has over 20 years of technology leadership experience in the insurance industry, covering personal, commercial, and specialty lines, and has extensive experience across the full insurance value chain. Prior to joining Slide, he was the Chief Applications Officer at PURE Insurance.

Matt Lucas, Chief Risk Officer

Matt Lucas will assume the role of Chief Risk Officer, replacing Shannon Lucas, who will continue as President and COO.

The key risks to Slide Insurance (SLDE) are primarily driven by its concentrated business model in high-risk geographic areas and the nature of the insurance industry itself.

1. Catastrophic Loss Risk / Geographic Concentration: Slide Insurance operates predominantly in coastal regions, with a significant concentration in Florida, making it highly susceptible to losses from natural disasters such as hurricanes and floods. A single major catastrophic event or a series of events could lead to substantial claims, severely impacting the company's financial performance and reserves.
2. Reinsurance Volatility: To mitigate its exposure to catastrophic events, Slide Insurance relies heavily on reinsurance. Fluctuations in reinsurance rates, driven by market conditions or increased global catastrophic losses, can significantly impact Slide's operating costs, margins, and capital requirements.
3. Regulatory Pressure: The insurance industry is subject to extensive regulation, particularly at the state level. In states like Florida, regulatory changes, such as restrictions on premium increases or modifications to coverage mandates, could limit Slide's ability to price its policies adequately or manage its profitability effectively.

Slide Insurance (SLDE) primarily offers a range of property and casualty insurance products, including homeowners, condominium, landlord, and commercial residential insurance. The company concentrates its operations in coastal residential markets, predominantly Florida and South Carolina, with plans for expansion to other Atlantic seaboard states such as New York and New Jersey.

The addressable markets for Slide Insurance's main products are sized as follows:

• U.S. Homeowners Insurance Market: The overall U.S. market for multiple peril homeowners insurance premiums was approximately $134 billion in 2022. More recently, the U.S. homeowners' insurance industry revenue is estimated to be $175.1 billion in 2025. Another projection valued the U.S. home insurance market size at $62.76 billion in 2024, expecting it to reach around $149.48 billion by 2034.
• Florida Homeowners and Property Insurance Market: The state of Florida represented a significant portion of the U.S. market, with its homeowners' insurance market estimated at approximately $14.5 billion in 2022. By mid-2025, the total direct premium written in Florida's property insurance market climbed to about $23 billion.

Slide Insurance (SLDE) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

1. Acquisition of Policies and Strong Renewal Rates: Slide Insurance has demonstrated significant growth by acquiring policies, notably from entities like Citizens, Florida's insurer of last resort. The company also maintains consistent year-over-year renewal rates for its existing policies, contributing to the increase in policies in force and gross premiums written.
2. Geographic Expansion into New Markets: The company is actively expanding its footprint into new regions. For example, Slide has expanded its agent network in South Carolina, achieving double-digit growth, and is laying the groundwork for entry into markets such as New York and New Jersey. This strategic geographic expansion is anticipated to be a significant driver of future revenue.
3. Launch of New Products and Services: Slide Insurance is broadening its product offerings, which includes the introduction of new products like condo coverage and reinsurance. Expanding the range of services available allows the company to tap into new customer segments and generate additional revenue streams.
4. Leveraging Proprietary Technology for Improved Underwriting and Pricing: Slide utilizes cutting-edge technology, including artificial intelligence and big data, to optimize and streamline its insurance processes. This technology-driven approach leads to better pricing, more effective risk selection, and efficient risk management, which in turn supports sustainable premium growth and enhanced underwriting profitability.

Share Repurchases

• On August 27, 2025, Slide's Board of Directors authorized a share repurchase program of up to $75 million of its common stock, with no specified time limit.
• As of November 5, 2025, Slide had repurchased 1,406,712 shares for $20.0 million under this program.

Share Issuance

• Slide Insurance Holdings, Inc. completed its Initial Public Offering (IPO) in June 2025.
• The company received net proceeds of approximately $263.5 million from its IPO.
• The total gross proceeds from the IPO, including the full exercise of the greenshoe option from selling stockholders, amounted to approximately $469.2 million by June 25, 2025.

Inbound Investments

• Slide raised $100 million in its Series A funding round in 2021.
• In June 2023, the company secured a $35 million senior credit facility with Regions Bank.
• A $175 million senior credit facility, led by Regions Bank, was secured in June 2024 to refinance a previous facility and support growth initiatives.
• Slide successfully raised $250 million in a funding round in May 2025, aimed at furthering technology advancements and expanding market presence.