Slide Insurance (SLDE)


Market Price (8/8/2026): $21.13 | Market Cap: $2.4 BilSector: Financials | Industry: Property & Casualty Insurance

Slide Insurance (SLDE)


Market Price (8/8/2026): $21.13
Market Cap: $2.4 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 23%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18%, FCF Yield is 42%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -51%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 75%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 74%

Low stock price volatility
Vol 12M is 48%

Megatrend and thematic drivers
Megatrends include AI in Financial Services, Fintech & Digital Payments, and Smart Buildings & Proptech. Themes include AI for Fraud Detection, Show more.

Trading close to highs
Dist 52W High is -4.6%

Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -68%

Key risks
SLDE key risks include [1] its geographic concentration in catastrophe-prone Florida, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 23%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 18%, FCF Yield is 42%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -51%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 75%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 74%
4 Low stock price volatility
Vol 12M is 48%
5 Megatrend and thematic drivers
Megatrends include AI in Financial Services, Fintech & Digital Payments, and Smart Buildings & Proptech. Themes include AI for Fraud Detection, Show more.
6 Trading close to highs
Dist 52W High is -4.6%
7 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -68%
8 Key risks
SLDE key risks include [1] its geographic concentration in catastrophe-prone Florida, Show more.

SLDE in ETFs

Weight = SLDE's share of each fund

ITOT0.00%
IWM0.05%
VB0.01%
AVUV0.13%
IWN0.09%
VTWO0.04%
VBR0.03%
SCHA0.01%
+3 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/6/2026

Slide Insurance (SLDE) stock has gained about 15% since 4/30/2026 because of the following key factors:

1. Slide Insurance reported strong financial performance in its fiscal Q2 2026, ending June 30, 2026, significantly beating analyst expectations. The company's diluted earnings per share (EPS) of $1.06 surpassed consensus estimates of $0.88 by 21.81% to 23.9%. Total revenue grew 47.9% year-over-year to $386.8 million, while net income surged 92.4% year-over-year to $134.9 million. Additionally, the combined ratio improved to 57.6% from 67.4% in the prior year, indicating enhanced profitability and underwriting discipline.

2. The company initiated a quarterly dividend and continued its share repurchase program, demonstrating a commitment to shareholder returns. On July 27, 2026, Slide Insurance declared its first quarterly dividend of $0.07 per share, payable on August 28, 2026. This move signaled confidence in its cash flow generation. Furthermore, the company continued its $100 million stock repurchase program authorized in April 2026, repurchasing 2,997,980 shares at an average price of $17.95 per share during fiscal Q2 2026.

Show more
Updated on 8/6/2026

Slide Insurance (SLDE) stock has gained about 15% since 4/30/2026 because of the following key factors:

1. Slide Insurance reported strong financial performance in its fiscal Q2 2026, ending June 30, 2026, significantly beating analyst expectations. The company's diluted earnings per share (EPS) of $1.06 surpassed consensus estimates of $0.88 by 21.81% to 23.9%. Total revenue grew 47.9% year-over-year to $386.8 million, while net income surged 92.4% year-over-year to $134.9 million. Additionally, the combined ratio improved to 57.6% from 67.4% in the prior year, indicating enhanced profitability and underwriting discipline.

2. The company initiated a quarterly dividend and continued its share repurchase program, demonstrating a commitment to shareholder returns. On July 27, 2026, Slide Insurance declared its first quarterly dividend of $0.07 per share, payable on August 28, 2026. This move signaled confidence in its cash flow generation. Furthermore, the company continued its $100 million stock repurchase program authorized in April 2026, repurchasing 2,997,980 shares at an average price of $17.95 per share during fiscal Q2 2026.

3. Analyst sentiment turned increasingly positive, leading to multiple price target upgrades. In July 2026, several research analysts raised their price targets for Slide Insurance. For example, Barclays increased its target price from $27.00 to $28.00, Citizens Jmp upped its target from $25.00 to $27.00, and Keefe, Bruyette & Woods raised its objective from $24.00 to $26.00. The average analyst price target subsequently rose to $25.67, implying approximately 27% potential upside from the July 30, 2026, closing price, with a maintained "Moderate Buy" or "Buy" consensus rating.

4. Slide Insurance pursued strategic expansion into new geographic markets. In fiscal Q2 2026, the company expanded its homeowners coverage to California and has plans for entry into the New York market in fiscal Q3 2026. This diversification strategy aims to reduce geographic concentration risk and tap into new revenue streams beyond its primary Florida market.

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Stock Movement Drivers

Fundamental Drivers

The 13.3% change in SLDE stock from 4/30/2026 to 8/7/2026 was primarily driven by a 9.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020268072026Change
Stock Price ($)18.6521.1313.3%
Change Contribution By: 
Total Revenues ($ Mil)1,2641,3899.9%
Net Income Margin (%)38.9%40.0%3.0%
P/E Multiple4.74.4-6.3%
Shares Outstanding (Mil)1231156.9%
Cumulative Contribution13.3%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/7/2026
ReturnCorrelation
SLDE13.3% 
Market (SPY)7.6%-28.9%
Sector (XLF)10.5%26.4%

Fundamental Drivers

The 22.6% change in SLDE stock from 1/31/2026 to 8/7/2026 was primarily driven by a 32.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268072026Change
Stock Price ($)17.2321.1322.6%
Change Contribution By: 
Total Revenues ($ Mil)1,0471,38932.6%
Net Income Margin (%)33.3%40.0%20.2%
P/E Multiple6.24.4-29.1%
Shares Outstanding (Mil)1251158.5%
Cumulative Contribution22.6%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/7/2026
ReturnCorrelation
SLDE22.6% 
Market (SPY)12.1%2.1%
Sector (XLF)8.3%35.8%

Fundamental Drivers

The 12.4% change in SLDE stock from 7/31/2025 to 8/7/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)73120258072026Change
Stock Price ($)18.8021.1312.4%
Change Contribution By: 
Total Revenues ($ Mil)1,3890.0%
Net Income Margin (%)40.0%0.0%
P/E Multiple4.40.0%
Shares Outstanding (Mil)1251158.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/7/2026
ReturnCorrelation
SLDE12.4% 
Market (SPY)23.4%6.3%
Sector (XLF)11.3%23.8%

Fundamental Drivers

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Market Drivers

7/31/2023 to 8/7/2026
ReturnCorrelation
SLDE  
Market (SPY)74.9%5.1%
Sector (XLF)70.4%23.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SLDE Return-----4%9%5%
Peers Return-15%-28%63%82%45%20%218%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
SLDE Win Rate----71%62% 
Peers Win Rate37%47%63%62%65%57% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SLDE Max Drawdown------19% 
Peers Max Drawdown-28%-50%-38%-26%-25%-18% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: HRTG, UVE, HIPO, PGR, ALL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

How Low Can It Go

SLDE has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2025 US Tariff Shock
  % Loss-15.5%-18.8%
  % Gain to Breakeven18.4%23.1%
  Time to Breakeven80 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.7%-9.5%
  % Gain to Breakeven12.0%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-16.1%-6.7%
  % Gain to Breakeven19.1%7.1%
  Time to Breakeven270 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.7%-19.2%
  % Gain to Breakeven24.5%23.8%
  Time to Breakeven123 days105 days

Compare to HRTG, UVE, HIPO, PGR, ALL

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

SLDE has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-21.4%-12.2%
  % Gain to Breakeven27.3%13.9%
  Time to Breakeven272 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.1%-17.9%
  % Gain to Breakeven35.3%21.8%
  Time to Breakeven162 days123 days
2008-2009 Global Financial Crisis
  % Loss-78.3%-53.4%
  % Gain to Breakeven359.8%114.4%
  Time to Breakeven2329 days1085 days

Compare to HRTG, UVE, HIPO, PGR, ALL

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Slide Insurance (SLDE)

Slide Insurance (SLDE) is a technology-enabled, fast-growing coastal specialty insurer that began operations in 2021. The company specializes in the profitable underwriting of single-family and condominium property and casualty (P&C) policies. Slide primarily serves coastal states along the Atlantic seaboard, capitalizing on market opportunities created by national carriers reducing their underwriting capacity in these regions, which has led to high demand and limited insurance supply, particularly in states like Florida.

The company differentiates itself with a proprietary, data-driven technology platform that facilitates real-time risk assessment, management, and pricing. This advanced technology, supported by a $6 trillion total insured value underwriting and claims dataset, allows Slide to accurately estimate future costs and strategically select policies that are expected to be profitable, often identifying opportunities that competitors may overlook or misprice. Slide maintains full control over its value chain, including technology, underwriting, actuarial, distribution, claims, and risk management, which enables disciplined underwriting standards and optimized profitability.

Slide acquires policies through a dual-channel distribution strategy, combining inorganic block acquisitions with new business sales conducted via independent agents and a direct-to-consumer (DTC) channel. The company has demonstrated robust growth and strong financial performance, expanding shareholders’ equity from $102 million at the end of 2021 to $433 million by the end of 2024. During this period, in-force premium grew to $1,334 million, accompanied by an average consolidated combined ratio of 80.3%, highlighting its profitable scaling in targeted markets.

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Here are 1-3 brief analogies to describe Slide Insurance (SLDE):

  • The Tesla of coastal property insurance.
  • Think of it as a highly specialized, data-driven Progressive, but focused exclusively on profitably underwriting homes in coastal areas.

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  • Single-Family Homeowners Insurance: Provides property and casualty coverage for single-family homes located in coastal regions.
  • Condominium Homeowners Insurance: Offers property and casualty coverage for condominium units situated in coastal regions.

AI Analysis | Feedback

Slide Insurance (SLDE) sells primarily to individuals.

The company serves the following categories of customers:

  1. Owners of single-family homes located in coastal states along the Atlantic seaboard.
  2. Owners of condominiums located in coastal states along the Atlantic seaboard.

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Bruce Lucas, Founder & Chief Executive Officer

Bruce Lucas is the Founder and CEO of Slide, driving the company's vision and innovation. He co-founded Slide Insurance in 2021. Before establishing Slide, Mr. Lucas founded Heritage Insurance (NYSE: HRTG), where he served as CEO, Chief Information Officer, and Chairman of the board of directors from 2012 to 2020. He grew Heritage from a single-state startup to over $1 billion in annual revenue across 15 states, maintaining profitability throughout his 9-year tenure. Mr. Lucas has been recognized as an EY Entrepreneur of the Year and has been on the Tampa Bay Business Journal's Power 100 list in 2024 and 2025. He holds a Doctor of Law from Indiana University Maurer School of Law.

Andy Omiridis, Chief Financial Officer

Andy Omiridis was appointed Chief Financial Officer of Slide, effective December 1, 2025. He brings over 30 years of financial leadership experience, with deep expertise in complex operations and public markets. Prior to joining Slide, Mr. Omiridis served as Executive Vice President and CFO of Amerisafe, Inc. since September 2022. His previous roles include Senior Vice President, Deputy Chief Financial Officer, and Principal Accounting Officer of Kemper Corporation from September 2019 to August 2022. He also served as Senior Vice President and CFO with Chubb Life from 2017 to 2019 and as Chief Accounting Officer for ARGO Limited from 2013 to 2017, in addition to multiple leadership positions with American Life Insurance Company prior to 2013.

Shannon Lucas, President & Chief Operating Officer

Shannon Lucas is a co-founder of Slide and serves as its President and Chief Operating Officer, leading the company's operations and enterprise risk management. She has over 20 years of experience in property and casualty insurance with notable companies such as Tower Hill, Heritage, UPC, and HomeWise. Previously, she held the role of Chief Risk Officer at Slide since the company's founding in April 2021 and 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 as Chief Information Officer. He possesses over 20 years of technology leadership experience in the insurance industry, covering personal, commercial, and specialty lines, with extensive experience across the entire insurance value chain. Before joining Slide, Mr. Krishnamurthy was the Chief Applications Officer at PURE Insurance, where he led technology transformations and championed digital innovation, automation, and AI adoption.

John Devoe, Chief Claims Officer

John Devoe leads Slide's claims and customer experience operations. He brings over 30 years of insurance claims experience and holds 33 adjuster licenses, an Associate in Claims (AIC) designation, and FEMA-NFIP certification. Prior to Slide, Mr. Devoe was the President and COO of RYZE Claim Solutions.

AI Analysis | Feedback

  1. Exposure to Catastrophic Weather Events and Escalating Reinsurance Costs

    As a coastal specialty insurer, Slide Insurance is inherently exposed to significant risks from catastrophic weather events such as hurricanes and storms. The company's profitability is directly tied to its ability to accurately assess and price for "future reinsurance and all other perils (“AOP”) costs" associated with these events. The increasing frequency and severity of natural disasters in coastal regions could lead to higher claims, making it challenging to maintain profitable underwriting and secure adequate reinsurance at favorable rates, even with their technology-driven approach.

  2. Reliance on Proprietary Underwriting Technology and Data Accuracy

    Slide Insurance's core competitive advantage is predicated on its "significant technological advantage" and "proprietary $6 trillion total insured value (“TIV”) underwriting and claims dataset". This technology is crucial for assessing, managing, and pricing risk, allowing them to identify profitable policies often overlooked by competitors. Any failure, inaccuracy, or obsolescence of this proprietary technology or dataset, or a successful development of comparable technology by competitors, could severely undermine their ability to accurately predict prospective loss ratios and reinsurance costs, thereby impacting their underwriting discipline and profitability.

  3. Dependence on Niche Market Conditions and Competitive Pressures

    The company's growth strategy capitalizes on "market opportunities that are underserved by other insurance companies" due to larger national carriers reducing their underwriting capacity in coastal states. Slide's business model is thus partly dependent on the continuation of this market dynamic. Should larger carriers re-enter these markets, increase their capacity, or new well-capitalized competitors emerge, the intensified competition could lead to reduced market share, pressure on pricing, and diminished profitability for Slide Insurance.

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Expected Drivers of Future Revenue Growth for Slide Insurance (SLDE)

Over the next 2-3 years, Slide Insurance (SLDE) is expected to drive revenue growth through several key initiatives:

  • Capitalizing on Underserved Coastal Specialty Markets: Slide Insurance plans to continue expanding its presence in coastal states along the Atlantic seaboard, particularly in markets where larger national carriers have reduced their underwriting capacity. The company aims to leverage the imbalance of supply and demand in these underserved markets, such as Florida, to acquire more policies and increase premiums.
  • Growth of Direct-to-Consumer (DTC) Distribution Channel: The company anticipates significant growth in its direct-to-consumer channel. By selling insurance products directly to end consumers, Slide Insurance can expand its reach and acquire new business without relying on intermediaries.
  • Profitable Policy Acquisition via Proprietary Technology and Data-Driven Underwriting: Slide Insurance's advanced underwriting technology and data-driven approach enable it to accurately assess and price risk, allowing it to focus on profitable growth opportunities that competitors may overlook or misprice. This technological advantage supports the acquisition of individual and bulk policies, contributing to revenue expansion.
  • Inorganic Block Acquisitions and Independent Agent Sales: The company will continue to grow its policy base through strategic inorganic block acquisitions and new business sales generated via its network of independent agents. These channels are crucial for scaling operations and increasing in-force premiums.

AI Analysis | Feedback

There is no explicit information available within the provided background regarding share repurchases, share issuances, inbound investments, outbound investments, or capital expenditures for Slide Insurance over the last 3-5 years.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SLDEHRTGUVEHIPOPGRALLMedian
NameSlide In.Heritage.Universa.Hippo Progress.Allstate  
Mkt Price21.1332.7444.1532.62215.33267.0038.45
Mkt Cap2.41.01.20.9125.568.41.8
Rev LTM1,3897901,63050791,01969,3471,509
Op Inc LTM-------
FCF LTM1,0351983405815,95112,249687
FCF 3Y Avg701108276715,1829,016488
CFO LTM1,0372063447216,33912,469691
CFO 3Y Avg7071172812015,4999,232494

Growth & Margins

SLDEHRTGUVEHIPOPGRALLMedian
NameSlide In.Heritage.Universa.Hippo Progress.Allstate  
Rev Chg LTM41.5%-2.0%4.0%19.3%10.5%5.6%8.1%
Rev Chg 3Y Avg-5.4%7.9%51.8%17.8%8.8%8.8%
Rev Chg Q47.9%-1.6%6.7%23.4%7.3%10.8%9.1%
QoQ Delta Rev Chg LTM9.9%-0.5%1.7%5.7%1.8%2.6%2.2%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM74.7%26.1%21.1%14.1%18.0%18.0%19.6%
CFO/Rev 3Y Avg69.1%15.0%17.9%2.5%19.3%14.0%16.5%
FCF/Rev LTM74.5%25.1%20.8%11.5%17.5%17.7%19.3%
FCF/Rev 3Y Avg68.3%13.9%17.6%-1.1%19.0%13.7%15.7%

Valuation

SLDEHRTGUVEHIPOPGRALLMedian
NameSlide In.Heritage.Universa.Hippo Progress.Allstate  
Mkt Cap2.41.01.20.9125.568.41.8
P/S1.81.30.71.71.41.01.3
P/Op Inc-------
P/EBIT3.33.64.1-8.33.93.9
P/E4.45.05.57.010.75.15.3
P/CFO2.44.93.511.97.75.55.2
Total Yield22.8%20.1%19.8%14.2%15.8%21.0%20.0%
Dividend Yield0.0%0.0%1.8%0.0%6.5%1.6%0.8%
FCF Yield 3Y Avg-19.5%35.1%-1.0%11.3%17.0%17.0%
D/E0.00.10.10.10.10.10.1
Net D/E-0.5-0.5-0.5-0.5-0.00.0-0.5

Returns

SLDEHRTGUVEHIPOPGRALLMedian
NameSlide In.Heritage.Universa.Hippo Progress.Allstate  
1M Rtn3.2%20.1%6.1%13.2%-7.5%6.3%6.2%
3M Rtn14.5%46.1%12.4%19.4%11.0%25.9%17.0%
6M Rtn19.8%23.4%40.9%10.6%6.5%30.0%21.6%
12M Rtn22.3%58.5%93.5%9.3%-6.5%32.9%27.6%
3Y Rtn4.3%640.7%235.4%159.5%86.2%158.1%158.8%
1M Excs Rtn-1.3%17.9%3.2%10.0%-9.0%4.5%3.9%
3M Excs Rtn6.2%11.1%4.0%13.1%4.3%19.9%8.7%
6M Excs Rtn9.2%8.8%27.1%-1.3%-10.3%11.3%9.0%
12M Excs Rtn-8.0%49.9%69.5%-18.8%-29.6%8.1%0.0%
3Y Excs Rtn-67.5%547.7%156.9%20.8%16.0%95.7%58.3%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Insurance1,156847469 
Single Segment   242
Total1,156847469242


Price Behavior

Price Behavior
Market Price$21.13 
Market Cap ($ Bil)2.4 
First Trading Date06/18/2025 
Distance from 52W High-4.6% 
   50 Days200 Days
DMA Price$18.84$19.08
DMA Trendupup
Distance from DMA12.2%10.8%
 3M1YR
Volatility44.4%48.1%
Downside Capture-184.52-12.55
Upside Capture-86.9713.28
Correlation (SPY)-30.2%5.4%
SLDE Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-2.10-1.29-1.060.020.230.18
Up Beta-5.76-1.05-0.660.030.440.62
Down Beta0.19-0.48-0.630.130.320.14
Up Capture-143%-116%-82%15%9%1%
Bmk +ve Days11223567138427
Stock +ve Days11203166120130
Down Capture-224%-242%-206%-28%15%12%
Bmk -ve Days11212859114326
Stock -ve Days11233258128144

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLDE
SLDE14.3%48.5%0.43-
Sector ETF (XLF)12.3%14.6%0.5723.2%
Equity (SPY)23.3%12.8%1.365.2%
Gold (GLD)28.5%28.4%0.87-6.9%
Commodities (DBC)32.9%19.8%1.32-13.8%
Real Estate (VNQ)14.2%13.8%0.7218.9%
Bitcoin (BTCUSD)-44.2%42.9%-1.2310.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLDE
SLDE1.9%49.5%0.33-
Sector ETF (XLF)11.4%18.4%0.4822.8%
Equity (SPY)13.5%17.2%0.614.5%
Gold (GLD)18.6%18.6%0.81-6.2%
Commodities (DBC)8.2%19.6%0.31-10.1%
Real Estate (VNQ)2.3%18.9%0.0217.5%
Bitcoin (BTCUSD)8.8%53.0%0.358.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SLDE
SLDE1.0%49.5%0.33-
Sector ETF (XLF)13.6%22.1%0.5622.8%
Equity (SPY)15.4%17.9%0.734.5%
Gold (GLD)12.1%16.2%0.61-6.2%
Commodities (DBC)7.4%18.0%0.33-10.1%
Real Estate (VNQ)4.8%20.7%0.2017.5%
Bitcoin (BTCUSD)58.2%66.2%0.988.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity7.4 Mil
Short Interest: % Change Since 630202621.8%
Average Daily Volume1.6 Mil
Days-to-Cover Short Interest4.8 days
Basic Shares Quantity115.4 Mil
Short % of Basic Shares6.5%

Earnings Returns History

Updated 8/6/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/28/20263.5%-3.5% 
4/28/2026-2.4%-1.4%-3.1%
2/24/20269.7%8.9%0.0%
11/6/2025-0.1%-0.2%9.0%
8/12/2025-9.1%-16.3%-18.8%
SUMMARY STATS   
# Positive212
# Negative342
Median Positive6.6%8.9%4.5%
Median Negative-2.4%-2.4%-11.0%
Max Positive9.7%8.9%9.0%
Max Negative-9.1%-16.3%-18.8%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/28/20263.5%-3.5% 
4/28/2026-2.4%-1.4%-3.1%
2/24/20269.7%8.9%0.0%
11/6/2025-0.1%-0.2%9.0%
8/12/2025-9.1%-16.3%-18.8%
SUMMARY STATS   
# Positive212
# Negative342
Median Positive6.6%8.9%4.5%
Median Negative-2.4%-2.4%-11.0%
Max Positive9.7%8.9%9.0%
Max Negative-9.1%-16.3%-18.8%

SEC Filings

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Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202604/30/202610-Q
12/31/202503/02/202610-K
09/30/202511/06/202510-Q
06/30/202508/12/202510-Q
03/31/202506/18/2025424B4
09/30/202401/22/2025DRS/A
06/30/202409/04/2024DRS/A
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Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202604/30/202610-Q
12/31/202503/02/202610-K
09/30/202511/06/202510-Q
06/30/202508/12/202510-Q
03/31/202506/18/2025424B4
09/30/202401/22/2025DRS/A
06/30/202409/04/2024DRS/A

Recent Forward Guidance

Updated 7/30/2026

Latest: Q2 2026 Earnings Reported 7/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Gross Written Premiums1.85 Bil1.90 Bil1.95 Bil0 AffirmedGuidance: 1.90 Bil for 2026
2026 Net Income455.00 Mil462.50 Mil470.00 Mil0 AffirmedGuidance: 462.50 Mil for 2026

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Insider Activity

Updated 8/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rohde, Stephen L DirectSell804202620.005,000  Form
2Gries, Robert JR GRM Family Limited PartnershipSell708202621.0428,212593,58036,802,011Form
3Gries, Robert JR GRM Family Limited PartnershipSell708202620.3484,6361,721,49636,151,441Form
4Wright, Andrew Pardo MAOV Slide, LLCSell701202619.5115,000292,650370,651Form
5Wright, Andrew Pardo MAOV Slide, LLCSell626202619.0315,000285,450646,982Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Rohde, Stephen L DirectSell804202620.005,000  Form
2Gries, Robert JR GRM Family Limited PartnershipSell708202621.0428,212593,58036,802,011Form
3Gries, Robert JR GRM Family Limited PartnershipSell708202620.3484,6361,721,49636,151,441Form
4Wright, Andrew Pardo MAOV Slide, LLCSell701202619.5115,000292,650370,651Form
5Wright, Andrew Pardo MAOV Slide, LLCSell626202619.0315,000285,450646,982Form
6Wright, Andrew Pardo MAOV Slide, LLCSell626202618.0131,002558,346882,454Form
7Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell612202617.1244,467761,275590,746,127Form
8Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell612202617.124,65979,76219,153,103Form
9Larson, Matthew PaulChief Risk OfficerDirectSell612202617.0713,750  Form
10Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell612202617.03192,6953,281,596588,397,842Form
11Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell612202617.0319,058324,55819,131,757Form
12Larson, Matthew PaulChief Risk OfficerDirectSell602202617.792,500  Form
13Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell601202618.95227,9874,320,354658,386,691Form
14Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell601202618.9522,548427,28521,649,863Form
15Bruce, Beth Witte Beth W. Bruce Witte Family 1992 TrustSell527202619.0123,500446,7353,415,051Form
16Larson, Matthew PaulChief Risk OfficerDirectSell527202618.5611,250  Form
17Bruce, Beth Witte Beth W. Bruce Witte Family 1992 TrustSell527202618.7021,063393,8783,798,812Form
18Bruce, Beth Witte Beth W. Bruce Witte Family 1992 TrustSell527202618.702,43745,5724,192,690Form
19Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell522202618.7818,279343,28021,879,094Form
20Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell522202618.78184,8173,470,863656,761,915Form
21Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell519202618.9727,000512,19022,447,201Form
22Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell519202618.97273,0005,178,810666,912,450Form
23Larson, Matthew PaulChief Risk OfficerDirectSell519202619.0116,250  Form
24Wright, Andrew Pardo MAOV Slide, LLCSell519202619.0010,086191,6341,520,000Form
25Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell519202619.0645,000857,70023,068,318Form
26Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell519202619.06455,0008,672,300675,279,885Form
27Wright, Andrew Pardo MAOV Slide, LLCSell519202618.7510,000187,5001,689,112Form
28Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell519202618.8426,692502,87723,649,852Form
29Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell519202618.84269,8815,084,558676,057,669Form
30Rohde, Stephen L DirectSell513202619.005,000  Form
31Larson, Matthew PaulChief Risk OfficerDirectSell513202618.6711,250  Form
32Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell511202618.769,000168,84024,050,170Form
33Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell511202618.7691,0001,707,160678,249,903Form
34Wright, Andrew Pardo MAOV Slide, LLCSell511202618.906,316119,3721,891,625Form
35Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell511202618.8117,141322,42224,283,560Form
36Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell511202618.81173,3173,260,093681,769,315Form
37Larson, Matthew PaulChief Risk OfficerDirectSell506202618.575,000  Form
38Omiridis, AnastasiosChief Financial OfficerDirectSell504202618.559,000166,9506,122Form
39Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell504202618.886,647125,49524,697,551Form
40Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell504202618.8867,2051,268,830687,578,693Form
41Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell504202618.778,450158,60624,678,421Form
42Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell504202618.7785,4361,603,634684,834,111Form
43Powell, Charles WilliamChief Revenue OfficerDirectSell501202620.0318,723375,02241,662Form
44Larson, Matthew PaulChief Risk OfficerDirectSell429202620.0244,752  Form
45Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell429202619.24191,2763,680,150703,626,117Form
46Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell429202619.2418,917363,96325,458,945Form
47Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell429202618.94154,2072,920,681696,277,583Form
48Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell429202618.9415,251288,85425,420,264Form
49Larson, Matthew PaulChief Risk OfficerDirectSell429202618.7711,250  Form
50Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell429202618.75136,5002,559,375692,184,131Form
51Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell429202618.7513,500253,12525,451,212Form
52Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell422202619.5511,676228,26626,801,056Form
53Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell422202619.55118,0552,307,975724,385,896Form
54Larson, Matthew PaulChief Risk OfficerDirectSell420202619.3911,250  Form
55Larson, Matthew PaulChief Risk OfficerDirectSell420202619.008,750  Form
56Larson, Matthew PaulChief Risk OfficerDirectSell415202618.0010,000  Form
57Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell413202618.05259,0554,675,943674,381,898Form
58Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell413202618.0525,621462,45925,296,136Form
59Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell413202618.11273,7024,956,743681,315,097Form
60Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell413202618.1127,069490,22025,844,220Form
61Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell408202618.01121,4142,186,666682,482,376Form
62Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell408202618.0112,008216,26426,189,025Form
63Gries, Robert JR GRM Family Limited PartnershipSell408202618.0228,212508,38034,569,874Form
64Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell408202618.00114,0772,053,386684,288,882Form
65Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell408202618.0011,283203,09426,390,628Form
66Larson, Matthew PaulChief Risk OfficerDirectSell408202618.0011,250  Form
67Gries, Robert JR GRM Family Limited PartnershipSell408202618.0628,212509,50935,156,120Form
68Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell408202618.09136,5002,469,285689,773,979Form
69Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell408202618.0913,500244,21526,726,691Form
70Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell401202618.018,771157,966689,181,934Form
71Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell401202618.0186815,63326,851,631Form
72Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell401202618.10247,0084,470,845692,784,686Form
73Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell401202618.1024,429442,16527,001,526Form
74Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell401202618.09135,3762,448,952696,870,306Form
75Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell401202618.0913,389242,20727,428,528Form
76Larson, Matthew PaulChief Risk OfficerDirectSell401202618.0011,250  Form
77Larson, Matthew PaulChief Risk OfficerDirectSell325202618.0011,250  Form
78Gries, Robert JR GRM Family Limited PartnershipSell318202617.8528,212503,58435,250,912Form
79Gries, Robert JR GRM Family Limited PartnershipSell318202618.3528,212517,69036,756,023Form
80Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell318202618.449,763180,03028,639,312Form
81Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell318202618.4498,7161,820,323717,229,645Form
82Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell318202618.1322,500407,92528,334,851Form
83Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell318202618.13227,5004,124,575706,961,818Form
84Larson, Matthew PaulChief Risk OfficerDirectSell317202618.0011,250  Form
85Rohde, Stephen L DirectSell317202617.7810,000  Form
86Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell312202617.422704,70327,617,163Form
87Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell312202617.422,73047,557683,239,105Form
88Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell312202617.8011,700208,26028,224,410Form
89Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell312202617.80118,3002,105,740698,191,881Form
90Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell309202618.2311,700213,29129,119,526Form
91Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell309202618.23118,3002,156,609717,214,923Form
92Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell309202618.5923,884444,00429,912,072Form
93Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell309202618.59241,4934,489,355733,577,443Form
94Lucas, ShannonPresident & COOSecurus Risk Management, LLCSell309202619.3717,075330,74331,629,757Form
95Lucas, BruceChief Executive OfficerIIM Holdings II, LLCSell309202619.37172,6443,344,114769,034,636Form
96Rohde, Stephen L DirectSell305202619.505,000  Form
97Rohde, Stephen L DirectSell305202619.165,000  Form
98Larson, Matthew PaulChief Risk OfficerDirectSell305202619.0111,250  Form
99Rohde, Stephen L DirectSell303202618.839,335  Form
100Bruce, Beth Witte Beth W. Bruce Witte Family 1992 TrustSell303202618.9425,000473,5004,292,656Form

Investor Activity (13F)

Updated Aug 8, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Maniro Ltd$25.2 Mil7.6%25ADD +366.7%13F
Philadelphia Financial Management of San Francisco, LLC$5.0 Mil1.6%42New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Philadelphia Financial Management of San Francisco, LLC$5.0 Mil1.6%42New13F
Maniro Ltd$25.2 Mil7.6%25ADD +366.7%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Maniro Ltd$25.2 Mil7.6%25ADD +366.7%13F
Philadelphia Financial Management of San Francisco, LLC$5.0 Mil1.6%42New13F
Core Cache Last Updated: 8/7/2026