Slide Insurance Holdings, Inc., a fast-growing, tech-forward property and casualty insurance provider, has officially filed for its initial public offering (IPO), aiming to list on the Nasdaq Global Select Market under the ticker symbol SLDE. The company plans to offer 20 million shares of common stock at an anticipated price range between $15.00 and $17.00 per share, which would imply a market capitalization of approximately $2 billion at the midpoint. Of the total offering, 16.67 million shares will be offered by Slide, while 3.33 million will be sold by existing stockholders. Leading the underwriting syndicate are Barclays, Morgan Stanley, Citizens Capital Markets, Keefe, Bruyette & Woods, and Piper Sandler.
Founded in 2021 by industry veteran Bruce Lucas, Slide Insurance specializes in homeowners and condominium insurance, primarily in high-risk coastal markets like Florida and South Carolina. What sets Slide apart is its proprietary AI-powered underwriting platform, built on a dataset encompassing over $6 trillion in total insured value (TIV). This allows the company to dynamically assess risk, price policies with precision, and streamline claims handling, giving it a decisive edge over traditional insurers. Slide also operates a direct-to-consumer (DTC) sales channel alongside independent agent distribution, creating a scalable and efficient go-to-market approach.
Proceeds from the IPO—estimated to be around $236.5 million at the midpoint price—will be used to support Slide’s growth strategy, which includes underwriting additional policies, funding geographic expansion, and further enhancing its technology infrastructure. The company will not receive any proceeds from shares sold by existing shareholders.
Slide’s rise has been swift. As of the end of 2024, the company reported over 343,000 policies in force, primarily concentrated in Florida. Financial performance has been equally impressive, signaling strong execution and scalable economics. The table below highlights Slide’s key financial metrics over the past three years, including the most recent quarter of 2025:
These numbers reflect not just growth but operational excellence. Slide's combined ratio, a key insurance industry profitability metric, improved year-over-year and dropped to just 58.9% in Q1 2025—a figure well below the industry’s 100% benchmark, indicating strong underwriting discipline. Net income also surged to $92.5 million for the first quarter of 2025, representing nearly half of its entire 2024 earnings in just three months.
Looking ahead, Slide plans to expand beyond Florida into other underserved coastal states and introduce new product lines such as commercial residential and excess & surplus (E&S) insurance. The company recently acquired Pawtucket Insurance Company, which it intends to re-domicile and rebrand as Slide Specialty Insurance. Additionally, Slide remains a major participant in the Citizens Property Insurance depopulation program, giving it access to large volumes of new policyholders transitioning out of state-run coverage.
Investor sentiment around the IPO appears cautiously optimistic. Unlike many insurtech peers that entered public markets with aggressive valuations and minimal earnings, Slide boasts a robust balance sheet, strong earnings, and an established operating model. Analysts note that the company’s focus on profitability, coupled with its proprietary technology and strategic expansion plans, could make it one of the more compelling insurance IPOs in recent memory.
Post-IPO, Slide’s priorities will center on maintaining underwriting discipline, scaling its tech infrastructure, and exploring selective acquisition opportunities. With a strong leadership team, a defensible market niche, and a clear path to continued growth, Slide Insurance is trying to position itself as a next-generation insurance platform ready to reshape how homeowners’ coverage is priced and delivered in high-risk areas.
Slide will make it’s public debut Wednesday, June 18th 2025