• 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.

• 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.

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.

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.

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.

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.