Slide Insurance Holdings Inc.: Takeaways From Our Meetings With Management

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Slide Insurance Holdings Inc.: Takeaways From Our Meetings With Management

Equity Research

North America Insurance/Non-Life

20 May 2026

Slide Insurance Holdings Inc.

Takeaways From Our Meetings

With Management

We came away from our discussion with Slide Insurance SLDE OVERWEIGHT

NEUTRALincrementally more positive on growth, profitability , and NorthNon-LifeAmerica Insurance/

balance sheet strength. Price Target USD 31.00

Price (19-May-26) USD 18.48

Potential Upside/Downside +67.7%

We hosted investor meetings with Bruce Lucas (CEO), Shannon Lucas (President & COO), Andy Source: Bloomberg, Barclays Research

Omiridis (CFO), and Matt Larson (CRO) of Slide Insurance. Overall, we came away incrementally

more constructive on the durability of near-term earnings and the company’s ability to out-earn

North America Insurance/Non-Lifeits targets, with the biggest incremental positives being (1) a meaningful step-down in mid-year

Alex Scott, CFA

reinsurance pricing, (2) a credible pipeline of E&S product launches that could broaden the

+1 212 526 1561

growth set beyond Florida, and (3) continued confidence in capital flexibility supporting alex.scott@barclays.com

accretive deployment. BCI, US

Confidence in near-term profitability: Management emphasized strong confidence in Anling Chen

profitability driven by a combination of rate adequacy and declining reinsurance costs. They +1 212 526 5995

anling.chen@barclays.comacknowledged hurricane volatility, but framed wind season as an earnings event rather than a

BCI, US

capital event, particularly when viewed net of reinsurance and the company’s operating hedges

(claims adjusting and legal services). In a benign cat environment, they believe recent return Justin Lee, CFA