Slide Insurance (SLDE) IPO raised $408 million, stock debut up 24%, revenue grew 81%, strong financials.

From Yahoo Finance: 2025-06-25 11:31:00

Slide Insurance (SLDE) is a technology-driven P&C insurance company, focusing on high-risk coastal markets like Florida and South Carolina. The IPO raised $408 million, with a 24% stock debut increase. In 2024, Slide reported $846.8 million in revenue, a 81% increase, and a combined ratio of 72.3%.

Slide’s data-driven approach includes a $6 trillion dataset, predictive modeling, and real-time reinsurance metrics. The company underwrites personal and commercial lines with a focus on risk assessment. Expansion plans include growth in coastal regions and direct-to-consumer marketing. Despite concentration risks in Florida, Slide offers a solid financial base for investors.

Read more: Should You Buy Slide Insurance Stock After the SLDE IPO?