Slide Insurance Holdings Inc (SLDE) reported a third-quarter earnings per share (EPS) of $0.79, surpassing Wall Street's consensus estimate of $0.55 by $0.24. Revenue matched expectations at $0.3 billion.
The results highlight the company's solid operational performance in the insurance sector, where it specializes in residential homeowners insurance across coastal states. Headquartered in Tampa, Florida, Slide Insurance engages in underwriting single-family and condominium policies primarily in Florida and South Carolina.
The company will host an earnings conference call after market close to discuss these results and provide further insights into its business performance.
With a market capitalization of $2,083.26 million and a trailing P/E ratio of 8.16, Slide Insurance Holdings continues to focus on acquiring policies through both inorganic block acquisitions and direct-to-consumer sales. Investors should review the full earnings release and listen to management commentary for complete context on the quarter's performance and future outlook.