Technology-based insurance company Slide Insurance Holdings, Inc. reported net profit of $170.4 million in the fourth quarter of 2025, an increase of 126.9% from $75.1 million in the same period last year.
Total gross written premiums for the quarter were $618.5 million, an increase of 56.7% from $394.6 million in the fourth quarter of 2024, primarily due to the purchase of additional policies from Citizens and relatively stable renewal rates for existing underwritten policies.
Net premium income increased by 45.4% to US$326.6 million, an increase from US$224.6 million in the same period last year; total income increased by 45.5% from US$238.5 million in the same period last year, to US$347.0 million.
The company’s combined ratio improved to 38.0% from 60.9%, reflecting higher net premiums from an increase in in-force policies and lower levels of catastrophe losses from hurricane and non-hurricane weather activity. The loss rate improved from 26.3% to 8.3%.
Net losses and loss adjustment expense (LAE) incurred were $27.1 million, an improvement from $59.1 million in the fourth quarter of 2024, including $32.1 million in catastrophic losses from hurricanes Debbie, Helen and Milton.
There were 493,532 policies in effect as of December 31, 2025, compared to 351,707 as of September 30, 2025, and 343,056 as of December 31, 2024. The average premium per residential policy is $3,670, while the average premium per commercial residential policy is $143,213.
For the full year of 2025, Slide’s net profit increased 120.7% to $444 million, compared with $201.1 million in 2024.
Gross premiums were US$1.8 billion, an increase of 34.6% from US$1.33 billion. Net premium income increased 36.2% from US$792.4 million to US$1.08 billion.
Total revenue increased 36.5% to $1.16 billion from $846.8 million.
The full-year combined ratio increased from 72.3% to 52.1%.
Incurred losses and loss adjustment expense (LAE), net, were $235.5 million compared to $339.3 million in the prior year, including $87.9 million in catastrophe losses from hurricanes Debbie, Helen and Milton, reflecting reduced hurricane and non-hurricane related weather losses.
Slide released its full-year outlook for 2026, projecting total premium income between $1.85 billion and $1.95 billion. Revenue growth is expected to be driven primarily by continued organic expansion, including double-digit growth in active policies and premiums outside of Florida, supplemented by selective growth opportunities within Florida that meet return thresholds. The company expects full-year net profit to be between US$455 million and US$470 million.
“We delivered excellent results in the fourth quarter and full year 2025, providing us with significant momentum heading into 2026,” said Bruce Lucas, Slide’s chairman and chief executive officer.
“We delivered meaningful growth in both top and bottom lines, once again demonstrating the strength of our business model and disciplined underwriting. In 2026, we will continue to focus on our long-term growth strategy and further strengthen our market position. We will continue to expand into new catastrophic risk markets while maintaining prudent underwriting standards. Combined with our continued investment in the team and the continuous enhancement of our technology platform, we remain well-positioned to achieve sustainable growth and create long-term value for our customers.” Shareholders. “
In June 2025, Slide completed its initial public offering, priced at $17 per share, at the high end of the expected range.
