IPO - Slide Insurance Holdings, Inc.

Form Type: S-1

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000119312525125836

Filing Summary: Slide Insurance Holdings, Inc. is conducting its initial public offering (IPO) of common stock, marking its registration under the Securities Act of 1933. The estimated price per share for the proposed public sale has not yet been disclosed. The company plans to offer shares both directly and via selling stockholders, with an aim to list under the symbol 'SLDE' on the Nasdaq Global Select Market. As a technology-driven insurer that commenced operations in 2021, Slide focuses on specialty insurance for homeowners and condominiums primarily in coastal regions. Their proprietary underwriting technology allows for differentiated risk assessment which targets profitable growth in underserved markets, particularly as broader market players retreat from these areas. Financial highlights include impressive growth metrics, with shareholders' equity rising significantly, and a strong return on equity. The company emphasizes aggressive claims management and maintains strong reinsurance partnerships to mitigate catstrophic risks. The document conveys the urgency for joining the flotation, targeting investments in a sector that has seen increasing demand amid shrinking capacity.

Form Type: DRS/A

Filing Date: 2025-04-25

Corporate Action: Ipo

Type: New

Accession Number: 000095012325003716

Filing Summary: Slide Insurance Holdings, Inc. is preparing for its initial public offering (IPO) as indicated in the confidential amendment to the draft registration statement submitted to the SEC. The company, launched in 2021, operates as a technology-enabled insurer focusing on the coastal property and casualty (P&C) market. Its primary aim is to underwrite single family and condominium policies in underserved coastal states, leveraging proprietary technology to better assess risk and profitability. The company intends to list its common stock on Nasdaq under the symbol 'SLDE', anticipating an initial offering price range that remains to be defined. The registration also discusses its business growth, highlighting substantial increases in shareholder equity and in-force premium from $102 million and $0 to $433 million and $1,334 million, respectively, from the end of 2021 to 2024. The document emphasizes its competitive strengths in the coastal specialty market, superior underwriting technology, and a strong claims management framework. It elaborates on its experienced management team, which has a proven track record in the insurance industry. The registration underscores planned stock splits and outlines specific financial measures, risk factors, and a detailed description of its business model, all integral for potential investors.

Form Type: DRS/A

Filing Date: 2025-03-10

Corporate Action: Ipo

Type: New

Accession Number: 000095012325003025

Filing Summary: Slide Insurance Holdings, Inc. is filing an Amendment No. 4 to its draft registration statement related to its initial public offering (IPO) of common stock. The amendment follows a number of earlier submissions, confirming the company's readiness to proceed with a public offering dependent upon SEC approval. This document details the company's operational strategies, focus on coastal specialty insurance markets, and competitive advantages such as proprietary technology and robust underwriting practices. The IPO aims to capitalize on increasing demand for insurance in underserved coastal regions, particularly in areas where national carriers have reduced operational capacity. Slide Insurance has experienced significant growth, with an increase in shareholder equity from $102 million in 2021 to $433 million by 2024. The company is positioned as an 'emerging growth company' and plans to list on the Nasdaq under the symbol 'SLDE'. The registration includes shares being offered by both the company and selling stockholders, although the company will not receive proceeds from the latter. It highlights the urgency and potential lucrativeness associated with its offerings, which reflect a larger trend towards specialized insurance amidst shrinking capacity in the market.

Form Type: DRS/A

Filing Date: 2025-01-22

Corporate Action: Ipo

Type: New

Accession Number: 000095012325000502

Filing Summary: Slide Insurance Holdings, Inc., established in 2021, is filing an initial public offering (IPO) with a detailed prospectus that outlines its operations as a coastal specialty insurer. The company targets underserved markets along the Atlantic coast, particularly Florida, taking advantage of reduced underwriting capacity among larger carriers. The IPO aims to offer common stock with anticipated pricing and listing on the Nasdaq under the symbol 'SLDE'. The prospectus provides information on its business growth, including an increase in shareholders' equity from $102 million in 2021 to $238 million by the end of 2023, and gross premiums written rising from $0 to $875 million in the same timeframe. The company's growth rates exhibit a compound annual growth rate (CAGR) of 52%. Key risks and competitive strategies are highlighted, emphasizing proprietary technology that enhances profitable underwriting and claims management. It outlines a commitment to manage claims and reinsurances efficiently, bolstered by a strong management team with significant experience in the insurance sector.

Form Type: DRS/A

Filing Date: 2024-09-04

Corporate Action: Ipo

Type: New

Accession Number: 000095012324009056

Filing Summary: Slide Insurance Holdings, Inc. filed Amendment No. 2 to its draft registration statement with the SEC on September 4, 2024, relating to its initial public offering (IPO) of common stock. The company is seeking to publicly offer shares of its common stock, following a history of rapid growth since its founding in 2021. Slide focuses on the profitable underwriting of homeowners and condominium insurance in coastal states, particularly Florida and South Carolina, where demand remains high amid reduced underwriting capacity from larger insurers. The prospectus outlines the company's commitment to leveraging technology for improved underwriting accuracy, risk assessment, and profitability. Additionally, it highlights Slide's significant growth metrics including the increase in shareholders’ equity and gross premiums written, alongside a detailed analysis of their business model and market opportunities. The IPO aims to capitalize on the strong demand for their insurance products, especially in underserved coastal markets. Slide plans to list its common stock on a stock exchange under the symbol 'SLDE'. Key metrics, risk factors, and ownership details are also discussed, along with the company's plans for the use of proceeds from the IPO.

Form Type: DRS/A

Filing Date: 2024-08-05

Corporate Action: Ipo

Type: New

Accession Number: 000095012324007151

Filing Summary: Slide Insurance Holdings, Inc. is filing an amendment to its draft registration statement originally submitted on June 18, 2024, as part of the initial public offering (IPO) process. The company is positioned as a technology-enabled, fast-growing specialty insurer focusing on the coastal property and casualty insurance market. Slide aims to capitalize on market opportunities in coastal states, particularly where major carriers have reduced their underwriting capacity. The document highlights the company’s growth trajectory, having increased its shareholders' equity from $102 million in 2021 to $238 million in 2023, with a compound annual growth rate (CAGR) of 52%. It reports growth in written premiums, assets, return on equity, and notable profitability metrics. Through proprietary underwriting technology and a focus on underserved markets, they aim to deliver long-term shareholder value. The regulatory filing notes that as of June 30, 2024, a significant majority of policies (99.3%) are focused in Florida, indicating a strong geographic concentration. The company emphasizes the significance of its integrated approach to claims management and reinsurance, asserting it's built robustly against catastrophic risks, and aims for a consistent and disciplined underwriting strategy to ensure ongoing profitability and shareholder returns.

Form Type: DRS

Filing Date: 2024-06-18

Corporate Action: Ipo

Type: New

Accession Number: 000095012324006257

Filing Summary: Slide Insurance Holdings, Inc. is filing its initial public offering (IPO) registration statement with the Securities and Exchange Commission under the Securities Act of 1933. The company, which operates as a technology-enabled coastal specialty insurer, aims to capitalize on the profitable underwriting of property and casualty insurance in coastal states. The prospectus outlines Slide's business model, which includes acquiring policies through both inorganic block acquisitions and new business sales. Slide has seen significant growth, increasing shareholders' equity from $102 million at the end of 2021 to $238 million at the end of 2023, with gross premiums written growing from $0 to $875 million in the same period. The company's significant technological advantages are discussed, emphasizing its proprietary underwriting and claims dataset worth $6 trillion. The document details the competitive strengths of Slide, including superior underwriting technology, management experience, integrated claims management, and a robust reinsurance framework. The anticipated initial public offering price and shares to be offered are yet to be finalized. The company is categorized as an emerging growth company, offering a unique investment opportunity in an underserved market.