Tearsheet

Slide Insurance (SLDE)

Market Price (12/28/2025): $19.15 | Market Cap: $2.4 Bil
Sector: Financials | Industry: Property & Casualty Insurance

Slide Insurance (SLDE)

Market Price (12/28/2025): $19.15
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 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 22%	Weak multi-year price returns 2Y Excs Rtn is -51%, 3Y Excs Rtn is -87%	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 56%
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 -36%		Key risks SLDE key risks include [1] its geographic concentration in catastrophe-prone Florida, Show more.
2	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51%
4	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.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 22%
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 -36%
2	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51%
4	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.
5	Weak multi-year price returns 2Y Excs Rtn is -51%, 3Y Excs Rtn is -87%
6	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 56%
7	Key risks SLDE key risks include [1] its geographic concentration in catastrophe-prone Florida, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022
Share Price CYE	$19.15
Market Cap CYE ($ Bil)	2.4	-	-	-
Total Debt ($ Bil)	0.0	0.0	0.0	0.0
Total Cash ($ Bil)	0.9	0.5	0.3	0.2
Enterprise Value ($ Bil)	1.6
Valuation Ratios
P/S TTM	2.3	-	-	-
P/EBIT TTM	5.1	-	-	-
P/E TTM	6.9	-	-	-
P/FCF TTM	4.5	-	-	-
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8	2.8
P/EBIT TTM (Sector)	8.0	8.3	7.3	7.6
P/E TTM (Sector)	12.0	11.6	10.1	9.4
P/FCF TTM (Sector)	8.7	8.8	7.8	6.5

	12/28/25	2024	2023
Share Price CYE	$19.15
Market Cap CYE ($ Bil)	2.4	-	-
Total Debt ($ Bil)	0.0	0.0	0.0
Total Cash ($ Bil)	0.9	0.5	0.3
Enterprise Value ($ Bil)	1.6
Valuation Ratios
P/S TTM	2.3	-	-
P/EBIT TTM	5.1	-	-
P/E TTM	6.9	-	-
P/FCF TTM	4.5	-	-
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8
P/EBIT TTM (Sector)	8.0	8.3	7.3
P/E TTM (Sector)	12.0	11.6	10.1
P/FCF TTM (Sector)	8.7	8.8	7.8

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Metric	Value	Date	Source
Policies in Force	348439	6302025	Link
Gross Premiums Written	435.4 million	6302025	Link
Combined Ratio	67.4%	6302025	Link
Loss Ratio	37.4%	6302025	Link

Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -

SLDE Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. Slide Insurance announced a $75 million stock repurchase program. This initiative, disclosed in August 2025, signals management's confidence in the company's valuation and can reduce the number of outstanding shares, thereby boosting earnings per share and potentially the stock price.

2. Slide Insurance was added to the Russell 2000® Index. This significant event, occurring in September 2025, typically leads to increased demand for the stock as index funds and exchange-traded funds (ETFs) that track the Russell 2000® Index must purchase shares to align their portfolios.

3. Morgan Stanley upgraded Slide Insurance Holdings (SLDE) stock. In September 2025, Morgan Stanley upgraded SLDE from Equalweight to Overweight, setting a new price target. This positive endorsement from a major financial institution, along with other analyst upgrades, often encourages investor interest and drives stock appreciation.

4. The company reported robust third-quarter 2025 financial results. In November 2025, Slide Insurance announced strong Q3 2025 earnings, with revenue increasing by 32.8% year-over-year to $265.69 million and net income soaring by 531.5% year-over-year to $111.00 million. Such significant financial growth is a strong indicator of company performance and can heavily influence stock price movements.

5. Slide Insurance provided a positive preliminary outlook for Q4 and full-year 2025. In December 2025, the company anticipated a roughly 50% year-over-year increase in Gross Written Premiums for the fourth quarter. This optimistic forward-looking statement can boost investor confidence in the company's continued growth trajectory and profitability.

Stock Movement Drivers

Fundamental Drivers

The 28.1% change in SLDE stock from 9/27/2025 to 12/27/2025 was primarily driven by a 75.9% change in the company's P/E Multiple.

	9272025	12272025	Change
Stock Price ($)	14.96	19.16	28.07%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	981.76	1047.35	6.68%
Net Income Margin (%)	26.00%	33.29%	28.05%
P/E Multiple	3.91	6.88	75.87%
Shares Outstanding (Mil)	66.77	125.25	-87.57%
Cumulative Contribution			-70.15%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
SLDE	28.1%
Market (SPY)	4.3%	23.2%
Sector (XLF)	3.3%	26.7%

Fundamental Drivers

The -7.2% change in SLDE stock from 6/28/2025 to 12/27/2025 was primarily driven by a -0.3% change in the company's Shares Outstanding (Mil).

	6282025	12272025	Change
Stock Price ($)	20.65	19.16	-7.22%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	�	1047.35	�
Net Income Margin (%)	�	33.29%	�
P/E Multiple	�	6.88	�
Shares Outstanding (Mil)	124.93	125.25	-0.25%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
SLDE	-7.2%
Market (SPY)	12.6%	15.0%
Sector (XLF)	7.4%	17.5%

Fundamental Drivers

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Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
SLDE
Market (SPY)	17.0%	10.1%
Sector (XLF)	15.3%	15.0%

Fundamental Drivers

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Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
SLDE
Market (SPY)	48.0%	10.1%
Sector (XLF)	51.3%	15.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
SLDE Return	-	-	-	-	-	-4%	-4%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
SLDE Win Rate	-	-	-	-	-	71%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
SLDE Max Drawdown	-	-	-	-	-	-37%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

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

Unique Key	Event	XLF	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-26.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	36.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	525 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-43.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	76.5%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	295 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-26.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	35.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	338 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-83.7%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	515.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4,470 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.

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About Slide Insurance (SLDE)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries. We do not depend on any one key product or product line within the coastal specialty homeowners insurance market. We control all aspects of our value chain, including technology, underwriting, actuarial, distribution, claims and risk management which allows us to maximize profitability while maintaining disciplined underwriting standards. Our goal is to deliver long-term value for stockholders by focusing on underserved, coastal specialty markets where market capacity is limited and demand for insurance products is high. Coastal specialty market demand for insurance products has increased over the last few years as the larger, national insurance carriers have reduced their underwriting capacity in such markets which has created a unique market opportunity for us to capitalize on the imbalance of supply and demand. A prime example of this market shift is Florida, where large national carriers have reduced their market share of premium from 62% in 1999 to 28% in 2022, creating an opportunity for accretive expansion. We have built a highly entrepreneurial company that we believe can identify and execute on such opportunities faster and more profitably than our competitors. We believe we have a significant technological advantage that allows us to assess, manage and price risk for individual and bulk policy acquisitions. Our technology is built to estimate future costs of policies and compare it back to our base rates to better understand profitability in real time on an individual risk basis and to assess large and/or bulk transactions. This technology permits us to only select policies that we believe to be profitable based on future reinsurance and all other perils (“AOP”) costs. Our underwriting technology has been an important component of our success and is backed by our proprietary $6 trillion total insured value (“TIV”) underwriting and claims dataset, which provides us with real-time intelligence to drive superior decision making. We believe that traditional markets inefficiently and inaccurately underwrite coastal specialty risks without properly understanding prospective loss ratios and reinsurance costs. We believe other insurance companies do not have the same ability to assess these metrics in real time and their technology limits their ability to consistently select profitable policies. We believe our underwriting technology allows us to more accurately assess the future cost of each policy, which enables us to focus on profitable growth opportunities often overlooked or mispriced by our competitors. We believe our proprietary technology combined with our highly experienced and entrepreneurial leadership team allow us to make better underwriting decisions that generate higher margins for our business. We market and write insurance policies through two channels: our independent agents and DTC. As we continue to scale our operations, we anticipate that our DTC distribution will grow as well through our focus on accretive market opportunities. We have significantly grown our business and scaled it profitably in our targeted coastal specialty markets by leveraging our seasoned management team, technology and strong balance sheet. We have grown our shareholders’ equity from $102 million at the end of 2021 to $433 million at the end of 2024, a compound annual growth rate (“CAGR”) of 62%. In this same time period, we have grown from $0 of in force premium to $1,334 million at the end of 2024, while running an average consolidated combined ratio of 80.3%. Our return on equity and combined ratio were 46.9% and 79.0% for 2023, and 60.0% and 72.3% for 2024, respectively. For the three months ended March 31, 2024 and March 31, 2025, we had gross premiums written of $245 million and $278 million, policy fees of $1 million and $2 million, consolidated combined ratio of 66.7% and 58.9% and net income of $55 million and $93 million, respectively. As of March 31, 2025, we had total assets of $1.9 billion, shareholders’ equity of approximately $532 million and tangible shareholders’ equity of approximately $524 million. For the three months ended March 31, 2025, we had a return on equity of 19.2% and a return on tangible equity of 19.5%. For the years ended December 31, 2023 and December 31, 2024, we had gross premiums written of $875 million and $1,334 million, policy fees of $3 million and $7 million, consolidated combined ratio of 79.0% and 72.3% and net income of $87 million and $201 million respectively. As of December 31, 2024, we had total assets of $1.9 billion, shareholders’ equity of approximately $433 million and tangible shareholders’ equity of approximately $423 million. For the year ended December 31, 2024, we had a return on equity of 60.0% and a return on tangible equity of 62.6%. Our principal executive offices are located in Tampa, Florida.

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Here are 1-2 brief analogies for Slide Insurance:

Progressive for Florida home insurance
Lemonade for Florida homeowners

AI Analysis | Feedback

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

AI Analysis | Feedback

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.

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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.

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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.

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.
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.
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.

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AI Analysis | Feedback

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.

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

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.
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.
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.
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.

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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.

	Best Bets In Financials Sector
What You Pay
P/E	6.9	13.2	9.2	9.1	26.4	19.2	8.4	11.3	14.0	36.5	12.6
P/EBIT	5.1	10.5	5.8	6.9	19.8	15.0	6.2	9.0	10.8	24.7	8.1
What You Get
Rev Chg Q	32.8%	-35.5%	17.8%	-0.7%	-3.0%	19.0%	7.6%	6.0%	16.3%	13.3%	11.9%
Rev Chg LTM	37.4%	24.0%	-4.9%	2.2%	5.8%	18.1%	8.9%	10.2%	21.1%	22.2%	3.9%
Rev Chg 3Y Avg	�	429.4%	22.0%	1.2%	8.9%	32.4%	10.3%	7.6%	23.5%	19.7%	2.1%
FCF/Rev 3Y Avg	�	847.0%	120.8%	62.2%	61.9%	60.8%	58.4%	55.6%	54.7%	49.8%	49.6%

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ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Slide Insurance

Peers to compare with:

Financials

	SLDE	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Slide In.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	19.16	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	2.4	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	1,047	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	-	3,624	1,644	11,544	12,991	130,214	11,544
FCF LTM	531	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	-	2,978	1,400	11,753	13,879	100,503	11,753
CFO LTM	534	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	-	3,672	3,896	13,498	14,736	111,559	13,498

Growth & Margins

	SLDE	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Slide In.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	37.4%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	-	-3.9%	6.5%	2.6%	3.7%	1.8%	2.6%
Rev Chg Q	32.8%	4.2%	14.4%	9.1%	7.5%	9.6%	9.4%
QoQ Delta Rev Chg LTM	6.7%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	-	6.6%	4.8%	17.7%	22.5%	31.9%	17.7%
Op Mgn 3Y Avg	-	7.4%	7.2%	16.4%	24.2%	30.8%	16.4%
QoQ Delta Op Mgn LTM	-	-0.2%	-1.4%	0.6%	0.4%	0.1%	0.1%
CFO/Rev LTM	51.0%	6.7%	8.5%	20.6%	23.8%	26.6%	22.2%
CFO/Rev 3Y Avg	-	6.8%	12.7%	21.4%	26.1%	28.4%	21.4%
FCF/Rev LTM	50.7%	5.1%	1.8%	18.1%	22.1%	23.5%	20.1%
FCF/Rev 3Y Avg	-	5.5%	4.6%	18.6%	24.6%	25.6%	18.6%

Valuation

	SLDE	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Slide In.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	2.4	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	2.3	0.4	1.0	4.4	5.4	10.0	3.3
P/EBIT	5.1	6.8	19.9	25.1	22.5	31.3	21.2
P/E	6.9	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	4.5	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	14.5%	14.1%	2.3%	5.0%	5.4%	2.8%	5.2%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	-	10.6%	5.5%	6.4%	6.0%	3.1%	6.0%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.4	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	SLDE	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Slide In.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	13.4%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	28.1%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	-7.2%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-5.4%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	-5.4%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	10.9%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	23.8%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	-19.5%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-21.4%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-86.7%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

FDIC Bank Data

Bank Capital

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Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022
Filing Date	11/6/2025	6/18/2025	1/22/2025	1/22/2025
Key Financials
Total Revenue	1,047	847	469	242
Net Income	349	201	87	22
EPS	3.28	1.61	0.70	0.18
Growth Rates
Total Revenue Growth	37.4%	80.7%	93.3%	-
Net Income Growth	119.1%	130.2%	291.8%	-
Margins
Net Income Margin	33.3%	23.8%	18.6%	9.2%
Cash & Debt
Total Cash	903	550	361	177
Total Debt	45	48	42	32
Net Debt / (Cash)	-858	-502	-318	-145
Cash Flows
Net Cash from Operations	534	554	443	157
Free Cash from Operations	531	544	434	137
Returns to Shareholders
Dividends	0	-0	-0	-0
Share Repurchases	-0	1	4	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023
Filing Date	11/6/2025	8/12/2025	6/18/2025	6/18/2025	1/22/2025	9/4/2024	6/18/2025	1/22/2025
Key Financials Quarterly
Total Revenue	266	262	282	238	200	209	199	154
Net Income	111	70	93	75	18	54	55	33
EPS	0.89	1.05	0.74	0.60	0.14	0.43	0.44	0.26
Key Financials TTM
Total Revenue TTM	1,047	982	929	847	762	665	-	-
Net Income TTM	349	255	239	201	159	156	-	-
Growth Rates Quarterly
Total Revenue Growth	32.8%	25.1%	41.4%	55.1%	93.4%	-	-	-
Net Income Growth	531.5%	30.4%	69.1%	127.0%	23.7%	-	-	-
Margins Quarterly
Net Income Margin	41.8%	26.8%	32.8%	31.5%	8.8%	25.7%	27.5%	21.5%
Cash & Debt
Total Cash	903	976	671	550	477	428	-	361
Total Debt	45	45	46	48	47	49	0	42
Net Debt / (Cash)	-858	-931	-625	-502	-430	-379	-	-318
Cash Flows Quarterly
FCF from Operations	25	254	97	158	120	86	190	159
Cash Flows TTM
FCF from Operations TTM	534	629	461	554	555	456	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	1	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023
Insurance	469
Single Segment		242
Total	469	242

	1M	2M	3M	6M	1Y	3Y
Beta	1.10	0.76	0.92	-0.00	0.30	-0.27
Up Beta	2.71	1.47	1.38	-1.40	0.33	-0.65
Down Beta	1.02	0.70	0.43	0.53	-0.23	0.13
Up Capture	123%	79%	160%	24%	7%	1%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	8	18	28	45	45	45
Down Capture	42%	46%	61%	112%	44%	29%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	22	33	64	64	64

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	4,653,470
Short Interest: % Change Since 11302025	8.6%
Average Daily Volume	1,069,482
Days-to-Cover Short Interest	4.35
Basic Shares Quantity	125,249,000
Short % of Basic Shares	3.7%

Returns Analyses

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Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/6/2025	-0.1%	-0.2%	9.0%
8/12/2025	-9.1%	-16.3%	-18.8%
SUMMARY STATS
# Positive	0	0	1
# Negative	2	2	1
Median Positive			9.0%
Median Negative	-4.6%	-8.2%	-18.8%
Max Positive			9.0%
Max Negative	-9.1%	-16.3%	-18.8%

	Forward Returns
11/6/2025	-0.1%	-0.2%	9.0%
8/12/2025	-9.1%	-16.3%	-18.8%
SUMMARY STATS
# Positive	0	0	1
# Negative	2	2	1
Median Positive			9.0%
Median Negative	-4.6%	-8.2%	-18.8%
Max Positive			9.0%
Max Negative	-9.1%	-16.3%	-18.8%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8122025	10-Q 6/30/2025
12312024	6182025	424B4 12/31/2024
6302024	9042024	DRS/A 6/30/2024
12312023	1222025	DRS/A 12/31/2023

Insider Activity

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Industry Resources

Financials Resources

Federal Reserve Economic Data

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Slide Insurance (SLDE)

Market Price (12/28/2025): $19.15 | Market Cap: $2.4 BilSector: Financials | Industry: Property & Casualty Insurance

Slide Insurance (SLDE)

Market Price (12/28/2025): $19.15Market Cap: $2.4 BilSector: FinancialsIndustry: Property & Casualty Insurance

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

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Market Price (12/28/2025): $19.15 | Market Cap: $2.4 Bil
Sector: Financials | Industry: Property & Casualty Insurance

Market Price (12/28/2025): $19.15
Market Cap: $2.4 Bil
Sector: Financials
Industry: Property & Casualty Insurance