Professional
Added to YB: 2025-10-02
Pitch date: 2025-09-30
SLDE [bearish]
Slide Insurance Holdings, Inc.
-37.42%
current return
Author Info
No bio for this author
Company Info
Slide Insurance Holdings, Inc. provides property and casualty insurance services in the United States.
Market Cap
$2.4B
Pitch Price
$15.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.88
P/E
5.86
EV/Sales
1.00
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)