SLDE | Market Cap: $2.4B (07/13/26)
Industry:
Insurance

DESCRIPTION

Slide Insurance is a specialty property and casualty insurer focused on coastal homeowners insurance, primarily in Florida with a growing presence in South Carolina and plans to expand into New York, New Jersey, Rhode Island, and California. Slide writes single-family, condominium, and commercial residential policies in catastrophe-exposed coastal markets, targeting homeowners who have been underserved as large national carriers have retreated from these areas. Slide distributes policies through independent agents — supported by its proprietary quoting platform, Violet, which automates data pulls to allow agents to bind a policy in minutes — and through a growing direct-to-consumer channel embedded with mortgage bankers and building trade organizations. A distinctive source of policy growth has been Slide's participation in Florida's Citizens depopulation program, through which Slide selectively assumes policies from Citizens, Florida's state-run insurer of last resort. Like all P&C insurers, Slide collects premiums, pays claims, and earns the spread. What differentiates Slide's model is its approach to the two largest cost drivers in coastal insurance: reinsurance and loss ratios. Slide models reinsurance costs at the individual policy level before underwriting, and uses multi-year catastrophe bonds through a Bermuda special purpose vehicle to lock in reinsurance capacity and pricing. On the loss side, Slide uses proprietary AI and machine learning models trained on roughly $8.9 trillion in total insured value of underwriting and claims data to select lower-risk policies and manage claims in-house. Slide also earns investment income on a conservative fixed income portfolio managed by BlackRock.

Read full business overview →