Slide Insurance - increases 2026-2027 total aggregate reinsurance limit to $5.46 bln - SEC filing

Slide Insurance Company has increased its total aggregate reinsurance limit for the 2026-2027 period to $5.46 billion, according to recent disclosures. This represents a significant expansion of the insurer’s risk management strategy, reflecting its continued growth and expansion into new markets. The increase in reinsurance capacity is intended to support Slide’s growing book of business, particularly in catastrophe-exposed regions such as Florida and the Northeast.

Slide’s reinsurance tower for 2026 is expected to include first-event limit of approximately $3.5 billion, up from around $2.5 billion in 2025 and $1.86 billion in 2024. The company has also secured additional protection through catastrophe bond programs, including the $320 million Purple Re Ltd. issuance, which provides fully collateralized named storm reinsurance across multiple states.

CEO Bruce Lucas highlighted that risk-adjusted rate decreases in Florida have been “substantial,” although the exact magnitude of the reductions has not been disclosed. Despite the increase in reinsurance capacity, Slide’s first-event retention within 25% of pre-tax earnings, consistent with prior years.

The company’s reinsurance strategy is closely aligned with its business expansion, which includes a multi-state footprint and continued investment in technology-driven underwriting. Slide’s 2025 financial results reflect strong performance, with gross premiums written growing 56.7% year-over-year and net income more than doubling. The insurer’s combined ratio improved to 38.0% in the fourth quarter of 2025, demonstrating enhanced underwriting profitability.

Slide’s increased reinsurance capacity underscores its ability to manage risk while supporting growth. As the company continues to scale, it is leveraging both traditional reinsurance markets and capital market solutions to secure cost-effective protection.