Slide Insurance Q3 2026: EPS Beats Expectations, Special Dividend Declared
As seen on the 24/7 Wall St. homepage on October 27, 2026.
A one-time special dividend of $1.50 a share, on top of the regular $0.07 payout, is the headline for holders. Full-year net income guidance rose to $500 million to $520 million, with EPS topping expectations despite Florida storm losses and revenue missing estimates.
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Slide Insurance reported GAAP diluted EPS of $1.09 for the third quarter, beating expectations despite catastrophe losses from Florida convective storms. Revenue grew year over year but came in below estimates.
Underwriting improved as the accident year loss ratio, excluding storm losses and favorable prior period reserve development, tightened to 25.5%. Growth in voluntary homeowners policies and previously acquired Citizens accounts drove net premiums earned higher.
Management declared a one-time special dividend of $1.50 per share on top of the regular quarterly payout, both declared October 27 with a November 30 payment date. CEO Bruce Lucas tied it to the company's book of business and a new credit facility replacing the prior one.
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Full-year 2026 net income guidance was lifted to $500 million to $520 million, with return on equity expected to exceed 40%. That guidance already accounts for pre-tax losses from Hurricane Isaias expected in the fourth quarter.
Geographic expansion is accelerating, with residential E&S policies in California, growth in South Carolina and Rhode Island, and residential business begun in Texas in October 2026. Capital remaining under the buyback program, untouched in Q3, gives investors another lever to monitor into year end.
Mentioned: SLDE