10-Q · April 30, 2026
Slide Insurance (SLDE) reported robust earnings for Q1 2026, with total revenue reaching $389.3 million, a significant increase of 38.2% compared to $281.6 million in Q1 2025. The company also showcased improved…
Earnings analysis · 10-Q
SLDE earnings analysis
Filed October 29, 2026 · Our reading of the company's report
The latest report
Slide reported third-quarter revenue of $361.1 million, down sequentially from $387 million but up from $266 million year over year, while diluted EPS rose to $1.09 from $1.06 and $0.79, respectively. Revenue missed…
Read full summary
Slide reported third-quarter revenue of $361.1 million, down sequentially from $387 million but up from $266 million year over year, while diluted EPS rose to $1.09 from $1.06 and $0.79, respectively. Revenue missed consensus by 13.57%, but EPS exceeded consensus by 36.25%, and management raised full-year gross written premiums and net income guidance. The 10-Q highlights material interest-rate exposure, including a potential 12.5% fair-value decline under a 300-basis-point rate increase, while stating that there were no material changes to previously disclosed risk factors.
Reported figures
- Earnings per share
- $1.09
What stood out
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EPS beat and improved year over year
Diluted EPS was $1.09, up from $1.06 in the prior quarter and $0.79 in the prior-year quarter; it exceeded the $0.80 consensus estimate by $0.29, or 36.25%.
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Revenue grew year over year but missed estimate
Revenue was $361.1 million, down from $387 million in the prior quarter but up from $266 million in the prior-year quarter. Revenue missed the $417.7808 million consensus estimate by $56.6808 million, or 13.57%.
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Premium outlook was raised
Management raised full-year 2026 gross written premiums guidance to $1.90 billion-$1.95 billion from $1.85 billion-$1.95 billion, indicating a higher low end and unchanged high end.
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Net income outlook increased
Full-year net income guidance was raised to $500 million-$520 million from $455 million-$470 million, while expected full-year ROE was stated to exceed 40%.
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Investment portfolio remains high quality
The fixed-maturity portfolio had an estimated weighted-average credit rating of AA- at September 30, 2026, consistent with December 31, 2025, while the company limited below-investment-grade bond investments to $1.0 million.
What to watch
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Interest-rate sensitivity is material
A hypothetical 300-basis-point increase in interest rates would reduce the estimated fair value of fixed-maturity securities by $102.216 million, or 12.5%, to $717.102 million at September 30, 2026.
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Portfolio duration increased
The duration of financial instruments subject to interest-rate risk increased to 4.43 years at September 30, 2026, from 3.50 years at December 31, 2025, increasing sensitivity to rate movements.
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Catastrophe losses remain a headwind
The company disclosed up to $50 million of pre-tax Hurricane Isaias losses in Q4 within its raised full-year net income outlook, creating a quantified catastrophe-loss exposure.
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Top-line miss versus consensus
Revenue of $361.1 million was $56.6808 million below the $417.7808 million consensus estimate, a 13.57% shortfall despite EPS of $1.09.
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No material risk-factor update disclosed
The filing states there were no material changes to risk factors from the 2025 Form 10-K; however, the company disclosed that the Chief Risk Officer's omitted Rule 10b5-1 sale plan covered 84,497 securities and a director's plan covered 600,000 securities.
Management's outlook
The related earnings disclosure raised full-year 2026 gross written premiums guidance to $1.90 billion-$1.95 billion from $1.85 billion-$1.95 billion and full-year net income guidance to $500 million-$520 million from $455 million-$470 million. The 10-Q text provided does not disclose EPS or revenue guidance; full-year ROE is expected to exceed 40%, inclusive of up to $50 million of pre-tax Hurricane Isaias losses in Q4.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.