Professional
Added to YB: 2025-10-02
Pitch date: 2025-09-30
SLDE [bearish]
Slide Insurance Holdings, Inc.
-17.76%
current return
Author Info
No bio for this author
Company Info
Slide Insurance Holdings, Inc. engages in underwriting single family and condominium policies in the property and casualty industry in the United States.
Market Cap
$2.1B
Pitch Price
$15.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.61
P/E
6.15
EV/Sales
1.21
Sector
Insurance
Category
N/A
Slide Insurance: A House of Cards In Hurricane Alley
SLDE short: Florida homeowner insurer trading 12% below IPO despite 22ppt superior underwriting margins vs peers. Growth driven by acquiring risky policies from failed insurers/Citizens at low cost, but this channel depleting. FL regulator ordered removal of 3 execs from failed St Johns; still under investigation. 1,938 civil remedy notices allege claim delays/denials. Rated by tiny Demotech (19% FL insurers failed vs 0% traditional agencies). Insiders cashed out $160M. Hurricane risk concentrated in vulnerable counties.
Read full article (24 min)