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Slide Insurance expands excess and surplus reach in new states
The insurer said gross written premium could reach $1.85 billion to $1.95 billion in 2026 while it keeps exposure growth in check during hurricane season.
Slide Insurance held its second quarter 2026 earnings call on July 29 and outlined ongoing growth in its California excess and surplus homeowners business, as well as approvals to enter Rhode Island and New Jersey. The company said Florida is still expected to account for most of its premium through the end of 2026, and it is taking a measured approach in California by starting with a small group of agents before expanding distribution later in the year.
Management said it expects gross written premium to reach or potentially exceed its 2026 guidance range of $1.85 billion to $1.95 billion. While results are trending above forecast, Slide reaffirmed full year net income guidance of $455 million to $470 million, noting it prefers conservative assumptions during hurricane season.
Slide also reported progress on reinsurance costs, securing a double-digit, risk adjusted reduction in reinsurance rates. It said it expanded its first event reinsurance tower by $1.4 billion and total capacity by more than $2 billion, and that the larger program reflects increased exposure rather than a change in its targeted protection level.
The company said its first event protection extends to approximately a 180 year return period in its broader program, compared with the 130 year return period it described as standard in Florida. Slide added that it is using some of its reinsurance savings to buy additional vertical and horizontal protection, and it does not see a material competitive impact from newer Florida entrants, which it said have limited capital, underwriting capacity, and reinsurance.