Risk Reward Update

First-page research excerpt

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M

Update

July 31, 2026 03:13 PM GMT

Slide Insurance Holdings Inc | North America

Morgan Stanley & Co. LLC

Bob Jian Huang

Equity Analyst

Risk Reward Update

Slide Insurance Holdings Inc (SLDE.O, SLDE US)

What’s Changed

Slide Insurance Holdings Inc (SLDE.O)

From

To

Price Target

$20.00

$22.00

Bull Case

$30.00

$33.00

Base Case

$20.00

$22.00

Bear Case

$13.00

$14.00

Updated Components

EPS

Bull Base Bear Scenarios

Risk Reward for Slide Insurance Holdings Inc (SLDE.O) has been

updated

Insurance - Property & Casualty | United States of

America

Stock Rating

Industry View

Price target

Shr price, close (Jul 30, 2026)

52-Week Range

Fiscal Year Ending

EPS ($)**

Prior EPS ($)**

Equal-weight

Attractive

$22.00

$20.23

$23.00-12.53

12/25 12/26e 12/27e 12/28e

3.36

4.02

3.68

3.77

3.51

3.92

3.69

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

framework

** = Based on consensus methodology

e = Morgan Stanley Research estimates

Reason for change

Post 2Q26 results, we update our Slide model by slightly increasing premium

growth estimates and decreasing combined ratio forecasts for 2026e/2027e. Our

2026e/2027e EPS increases by 9.3%/7.6% to $4.02/$3.77 and our PT increases to

$22/shr, implying a ~1.4x 2027e P/B valuation against 2027e operating ROE of

29.5%.

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