Slide Insurance Holdings, Inc. has expanded into California, launching a residential property excess and surplus (E&S) insurance program and writing the first policy in the state.
Slide observed that with the company’s arrival, California homeowners and landlords will now benefit from the company’s expertise in underwriting the catastrophic risk market, backed by strong capital and a focus on long-term stability.
“Slade’s entry into California comes at a critical time for the state as several major carriers have reduced operations or exited entirely, leaving owners facing policy cancellations and limited coverage options,” the company added.
Slide Chairman and CEO Bruce Lucas commented: “We are proud to have successfully entered the California market, which aligns with our strategic timeline.
“This milestone reflects our disciplined approach to expansion and our ability to bring much-needed capacity to markets that are underserved by homeowners.
“California homeowners and landlords deserve access to reliable, customized insurance solutions, and our underwriting expertise and financial strength allow us to provide that stability.”
Slide reported net profit of $139.5 million in the first quarter of 2026, an increase of 50.8% from $92.5 million in the same period last year.
In the first quarter, gross premiums increased 49.1% to $414.8 million, compared with $278.2 million in the first quarter of 2025, driven by growth in voluntary new business, renewals of previously acquired Citizens policies and further Citizens acquisitions.
Net premium income increased by 37.5% to US$365.9 million, compared with US$266 million in the same period last year; total income reached US$389.3 million, an increase of 38.2% from US$281.6 million in the same period last year.
The combined ratio improved to 55.5% from 58.9%, primarily due to the wider impact of lower catastrophe losses and higher net premiums earned, along with more modest operating expense growth and lower amortization expenses due to the full amortization of intangible assets at the end of 2025.
