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SLDE-News
SLDE-Events
Slide Insurance Expands Property Insurance Products in South Carolina
Slide Insurance announced an expanded suite of property insurance products available statewide in South Carolina. The expanded offerings, offered through Slide Specialty Insurance Company, include a new HO5 product designed for higher-value homes, plus new HO3 homeowners and HO6 condo products.
Slide Reports Q2 Revenue of $386.82M
Reports Q2 revenue $386.82M, consensus $395.87M. "Our second quarter results reflect the continued strength of our operating model and disciplined execution," said Bruce Lucas, Chairman and Chief Executive Officer of Slide. "We delivered another quarter of profitable growth while maintaining the underwriting discipline that has been central to our success. The scalability of our platform and our ability to capitalize on attractive opportunities position us well to execute our diversified growth strategy and create long-term value for our shareholders."
Slide Insurance Announces Quarterly Dividend of 7 Cents per Share
Slide Insurance announced that its board of directors has approved the initiation of a quarterly dividend of 7c per common share. The initial dividend will be payable on August 28 to shareholders of record as of the close of business on August 14.
Slide Insurance Launches New Insurance Program in California
Slide Insurance announced its expansion into California, launching a residential property excess and surplus lines program and writing its first policy in the state. "We are proud to have successfully entered the California market, consistent with our strategic timeline," said Bruce Lucas, chairman and CEO. "This milestone reflects our disciplined approach to expansion and our ability to bring much-needed capacity to markets where homeowners are underserved." Slide's entry into California comes as several major carriers have reduced their presence or exited entirely, leaving property owners facing canceled policies and limited coverage options.
Slide Insurance Authorizes $100M Stock Repurchase Program
Slide Insurance announced that its board of directors has authorized a new common stock repurchase program of $100M. The authorization is effective immediately, has no time limit, and may be modified, suspended or discontinued at any time. With the new program in place, Slide has $114M of availability under its current repurchase programs.
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