Slide Insurance Holdings Inc. Common Stock (SLDE)

FairStock Score: 95/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach financials through the lens of durable returns on equity, conservative leverage, and a price that does not require heroic assumptions. Slide writes coastal specialty property and casualty insurance, a business I associate with real catastrophe risk, not a wide moat. Still, the filed numbers are striking. For FY2025, the year ended 2025-12-31, revenue was $1.2B and net income was $444.0M, versus FY2024 revenue of $846.8M and net income of $201.1M. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $386.8M and net income was $134.8M, up from $261.6M and $70.1M respectively in fiscal Q2 2025. That is extraordinary growth, and the Q2 2026 net margin was 34.86%. At the close on 2026-10-13, the shares were $25.50. FairStock calculates a P/E of 6.16, P/B of 2.47, ROE of 53.88%, ROCE of 14.36%, PEG of 0.07, and a debt-to-equity ratio of just 0.03. Those are high-quality-looking numbers: low leverage, high return, low multiple. But this is a 2021-vintage insurer with only two years of filed annual results, so the Lynch category is 'none' because three years are needed. A 53.88% ROE may reflect a hard market and benign loss experience rather than a permanent edge. Piotroski is 5/9. The data does not include the combined ratio, reserve development, CET1, or NIM, so I cannot judge underwriting discipline or capital adequacy fully. Price looks cheap against current earnings, but I would ask whether those earnings are normalized. A coastal catastrophe or reserve charge could change the picture quickly.

In plain English: Slide Insurance sells home and condo insurance, mostly in coastal areas. It is growing fast, earning large profits, and owes very little debt. Its stock price looks low compared with its recent profits, but the company is young and a bad storm season could hurt results.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer