0001193125-26-437802 | 10-Q | XBRL Viewer | Slide Insurance Holdings INC

Stock-based Compensation - Summary of Deferred Tax Benefits Recognized and Tax Benefits Realized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]
Deferred tax benefits recognized	$ 501	$ 724	$ 2,140	$ 2,287
Tax benefits realized for vested stock	103	938	315	1,899
Fair value of vested stock	$ 309,472	$ 172,481	$ 309,472	$ 172,481

Subsequent Events (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 27, 2026	Oct. 26, 2026	Sep. 30, 2026	Dec. 31, 2025
Subsequent Event [Line Items]
Long-Term Debt			$ 27,613	$ 33,687
O 2026 M10 Dividends
Subsequent Event [Line Items]
Dividends Payable, Date to be Paid	Nov. 30, 2026
Subsequent Event [Member]
Subsequent Event [Line Items]
Loan Against Collateralized		$ 1,072,000
Common Stock, Dividends, Per Share	$ 0.07
Subsequent Event [Member] \| O 2026 M10 Dividends
Subsequent Event [Line Items]
Common Stock, Dividends, Per Share	$ 1.5
Dividends Payable, Date	Nov. 23, 2026
Subsequent Event [Member] \| Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Amended borrowing capacity		670,000
Principal amount		$ 402,000
Debt Instrument, Maturity Date		Oct. 26, 2031
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| Base Rate [Member] \| Minimum
Subsequent Event [Line Items]
Variable Interest Rate		2.00%
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| Base Rate [Member] \| Maximum
Subsequent Event [Line Items]
Variable Interest Rate		2.75%
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| SOFR [Member] \| Minimum
Subsequent Event [Line Items]
Variable Interest Rate		3.00%
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| SOFR [Member] \| Maximum
Subsequent Event [Line Items]
Variable Interest Rate		3.75%
Subsequent Event [Member] \| Revolving Credit Facility [Member] \| Regions Bank [Member]
Subsequent Event [Line Items]
Principal amount		$ 530,400

Deferred Policy Acquisition Costs

9 Months Ended

Sep. 30, 2026

Deferred Policy Acquisition Costs Disclosures [Abstract]

Deferred Policy Acquisition Costs

Deferred policy acquisition costs consist of amounts paid for commissions and premium taxes that relate directly to and vary directly with the production of new and renewal business.

The policy acquisition costs that the Company has capitalized and is amortizing over the effective periods of the related policies are as follows for the three and nine months ended September 30, 2026 and 2025:


	Three Months Ended September 30,						Nine Months Ended September 30,
	September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
Beginning balance	$	100,687		$	71,458		$	93,728		$	65,046
Policy acquisition costs deferred		55,770			57,268			149,135			124,349
Less: Amortization		(46,194	)		(36,393	)		(132,600	)		(97,062	)
Ending balance	$	110,263		$	92,333		$	110,263		$	92,333

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. Commitments and Contingencies Various lawsuits against the Company have arisen in the ordinary course of the Company’s business. Management does not consider contingent liabilities arising from litigation and other matters material in relation to the financial position of the Company.

Shareholders' Equity

9 Months Ended

Sep. 30, 2026

Stockholders' Equity Note [Abstract]

Shareholders' Equity

16.

Shareholders’ Equity

Prior to June 18, 2025, the Company was authorized to issue one class of common stock (par value of $0.01 per share) to its shareholders.

The Company amended and restated its articles of incorporation on June 18, 2025, authorizing capital stock of 1.5 billion shares of common stock, par value $0.01 per share, and 150.0 million shares of preferred stock, par value $0.01 per share. As of September 30, 2026, there were 117.3 million shares of common stock outstanding.

Prior to June 18, 2025, the Company was authorized to issue one class of preferred stock (par value of $0.01 per share) to its shareholders and had 20.0 million shares of preferred stock authorized pre stock split. All preferred shares had a liquidation preference equal to $13.64 per share and were convertible to common shares at the election of the holder on a one-for-one basis. The preferred stock were automatically converted to common stock of the Company in connection with the Company's IPO.

On June 18, 2025, the company completed its IPO in which it issued and sold 24.0 million shares of common stock, of which 16.7 million shares were sold by the Company and 7.3 million shares were sold by certain selling stockholders, at a public offering price of $17.00 per share.

In connection with the IPO, the company effectuated an approximately 5.5-for-one stock split of its common stock, preferred stock, vested and unvested stock options and vested and unvested restricted share units. Subsequent to the stock split, and prior to the completion of the IPO, all shares of preferred stock, 9.3 million shares, were converted into common stock at a conversion price of $2.48.

Stockholders are entitled to receive dividends when, as, and if declared by the Company’s Board of Directors out of funds legally available for that purpose. Unvested restricted stock awards have the right to share in dividends, if declared, equally with common stockholders on a nonforfeitable basis.

For the nine months ended September 30, 2026, the Company paid the following cash dividends on common stock:

- Definition

The entire disclosure for equity.

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+ Details

Leases

9 Months Ended

Sep. 30, 2026

Leases [Abstract]

Leases

12.

Leases

The Company has entered into operating leases primarily for real estate. The Company will determine whether an arrangement is a lease at inception of the agreement. The operating leases have terms of one to eight years, and often include one or more options to renew. These renewal terms can extend the lease term from two to ten years and are included in the lease term when it is reasonably certain that the Company will exercise the option. The Company considers these options in determining the lease term used in establishing our right-of-use assets and lease obligations. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Because the rate implicit in each operating lease is not readily determinable, the Company uses its incremental borrowing rate to determine present value of the lease payments.

The components of lease costs were as follows for the respective years:


	September 30, 2026			September 30, 2025
Operating lease cost, include in General and Administrative expenses on the Consolidated Statements of Operations	$	2,045		$	1,629
Right-of-use lease asset and Lease liability was as follows:
Right-of-use asset		7,194			8,913
Lease liability		8,463			9,975
Supplemental cash flow information related to our operating leases as follows:
Right-of-use asset		1,282			(522	)
Lease liability		(1,186	)		911
Weighted-average lease term and discount rate for our operating lease was as follows:
Weighted-average remaining lease term
Operating lease	3.66 years			4.54 years
Weighted-average discount rate
Operating lease		5.50	%		5.51	%

Future lease payments for the operating lease were as follows as of September 30, 2026:


2026 (remaining)		604
2027		2,465
2028		2,534
2029		2,605
Thereafter		1,123
Total lease payments		9,331
Less: imputed interest		868
Present value of lease liability	$	8,463

Leases - Schedule of Components of Lease Costs (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Dec. 31, 2025
Leases [Abstract]
Operating lease cost, include in General and Administrative expenses on the Consolidated Statements of Operations	$ 2,045	$ 1,629
Right-of-use lease asset and Lease liability was as follows:
Right-of-use asset	7,194	8,913	$ 8,476
Lease liability	8,463	9,975	$ 9,649
Supplemental cash flow information related to our operating leases as follows:
Right-of-use asset	1,282	(522)
Lease liability	$ (1,186)	$ 911
Weighted-average lease term and discount rate for our operating lease was as follows:
Operating lease	3 years 7 months 28 days	4 years 6 months 14 days
Weighted-average discount rate
Operating lease	5.50%	5.51%

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Invested Assets [Abstract]
Fixed-maturity securities, available-for-sale, at estimated fair value (amortized costs: $853,988 and $580,122, respectively and allowance for credit losses: $0 and $0 respectively)	$ 819,318	$ 589,720
Equity securities, at fair value	23,782	0
Other investments, net	6,667	4,000
Total invested assets	849,767	593,720
Cash and cash equivalents	700,575	1,201,210
Restricted cash and cash equivalents	798	786
Accrued interest income	12,330	7,281
Assumed premiums receivable	11,502	34,290
Premiums receivable, net of allowance for credit loss of $7.283 and $3,294, respectively	106,625	90,576
Reinsurance recoverable on paid losses, net of allowance for credit loss: $0 and $0, respectively	11,233	16,183
Reinsurance recoverable on unpaid losses, net of allowance for credit loss: $0 and $0, respectively	106,069	146,128
Prepaid reinsurance premiums	397,825	202,748
Deferred income tax assets, net	28,324	18,332
Deferred policy acquisition costs	110,263	93,728
Property and equipment, net	15,330	11,585
Right-of-use lease asset, operating	7,194	8,476
Intangibles, net	0	99
Goodwill	2,603	2,603
Prepaid expenses	14,127	8,932
Other assets	494	816
Total assets	3,390,772	2,918,465
Liabilities:
Loss and loss adjustment expense reserves	503,870	439,715
Unearned premiums	983,603	1,000,611
Commissions payable	15,757	9,049
Deferred revenue	90	90
Reinsurance premiums payable	324,212	160,330
Long-term debt, net	27,613	33,687
Interest rate swap liability	0	62
Income taxes payable	75,460	93,555
Advanced premiums	75,410	30,518
Premium tax liabilities	31,104	5,075
Accounts payable and accrued expenses	31,145	19,768
Lease liability, operating	8,463	9,649
Other liabilities	11,382	3,115
Total liabilities	2,088,109	1,805,224
Shareholders' equity:
Common Stock (par value $0.01, 1,500,000,000 shares authorized, 117,320,564 and 123,889,446 issued and outstading at September 30, 2026 and December 31,2025, respectively)	1,173	1,239
Additional paid-in capital	170,339	351,688
Accumulated other comprehensive income, net of taxes	(26,421)	7,165
Retained earnings	1,157,572	753,149
Total shareholders' equity	1,302,663	1,113,241
Total liabilities and shareholders' equity	3,390,772	2,918,465
Variable Interest Entity [Member]
Invested Assets [Abstract]
Restricted cash and cash equivalents	$ 1,015,713	$ 480,972

Commitments and Contingencies (Additional Information) (Details)	9 Months Ended
	Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
Various lawsuits description	Various lawsuits against the Company have arisen in the ordinary course of the Company’s business. Management does not consider contingent liabilities arising from litigation and other matters material in relation to the financial position of the Company

Regulatory Matters (Additional Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Dec. 31, 2025
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of unrealized capital gains	25.00%
Dividend Payment Description	the maximum dividend allowed by SIC may be up to the greater of 10% of surplus derived from realized net operating profits and realized capital gains or SIC's entire net operating profits and net realized capital gains from the immediately preceding calendar year, provided that SIC will have at least 115% of minimum required surplus after any such dividend.
Percentage Of Surplus	10.00%
Percentage of minimum level of surplus	10.00%
Dividends	$ 0	$ 0
Regulatory Assets And Liabilities	15,000
Capital Stock	1,500		$ 1,500
Capital and surplus	79,534		113,922
Statutory-basis surplus totaled	503,095		417,940
Slide Insurance Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Statutory-basis surplus totaled	48,373		$ 50,249
Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital Stock	1,000
Capital and surplus	$ 2,000

Revolving Credit Facility	9 Months Ended
Revolving Credit Facility	Sep. 30, 2026
Debt Disclosure [Abstract]
Revolving Credit Facility	9. Revolving Credit Facility On June 25, 2024, the Company entered into an amended and restated credit agreement ("the Credit Agreement") with Regions Bank for (i) a $10 million revolving credit facility, which was amended to a $530.4 million revolving credit facility on July 27, 2026 (ii) term loan in an aggregate principal amount of $40 million and (iii) one or more delayed draw term loans in an aggregate principal amount not to exceed $125 million (together, the “Credit Facility”), which was terminated under the amendment. Under the terms of the Credit Facility, borrowings bear interest at an annual rate equal to the three-month Secured Overnight Financing Rate (“SOFR”) based on the consolidated leverage ratio as defined in the agreement. The interest payment is due quarterly in arrears on the last business day of each quarter. The Credit Facility contains affirmative and negative covenants as well as customary events of default. In addition, the Company must comply with certain financial and non-financial covenants and agree to pay a fee equal to the product of the unused line fee rate and the average of the daily unused available credit balances of the revolving credit facility. The unused line fee rate is 0.5%. The Credit Facility matures on June 25, 2029. At September 30, 2026, the Company had no borrowings outstanding under the revolving credit facility. The Company is in compliance with all required covenants and has available borrowing capacity of $530.4 million.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Investments - Schedule of investments in equity securities measured at fair values (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2026	Dec. 31, 2025
Debt and Equity Securities, FV-NI [Line Items]
Estimated Fair Value	$ 819,318	$ 589,720
Equity securities
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost	24,473	0
Gross Unrealized Gains	411	0
Gross Unrealized Losses	(1,102)	0
Estimated Fair Value	$ 23,782	$ 0

- Definition

Fair value of investment in security owned.

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+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Long-Term Debt

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

Long-Term Debt

10.

Long-Term Debt

On June 25, 2024, the Company entered into a $40 million 5-year commercial loan agreement with a commercial bank. The loan is fully collateralized by assets of the Company. The Company may make voluntary prepayments of principal at any time, in whole or in part. Under the terms of the Credit Agreement, borrowings bear interest at an annual rate equal to the one- or three-month SOFR plus a margin based on the debt-to-capital ratio. The interest payment is due quarterly in arrears on the last business day of each quarter. The Credit Agreement contains affirmative and negative covenants as well as customary events of default. In addition, the Company must comply with certain financial and non-financial covenants. At September 30, 2026, the Company was in compliance with all covenants.

On June 25, 2024, in connection with the issuance of the Credit Facility, the Company incurred loan costs and debt discount of $3,692. The Company amortizes these costs over the life of the Credit Facility using the interest method. Amortization of deferred loan costs is included in Interest expense in the Consolidated Statements of Operations. In connection with the issuance of the Credit Facility, the Company refinanced the credit facility that was issued on May 3, 2023, including the remaining term loan balance of $27,750 that was repaid in full. The Company recognized an extinguishment loss within interest expense on the statement of operations of the remaining deferred loan costs associated with the refinanced credit facility totaling $589 in June 2024.


	Issue Date	Interest Rate			Original Principal		Outstanding Principal at September 30, 2026			Outstanding Principal at December 31, 2025
Promissory Notes	3/31/2022		0.00	%	$	10,000	$	1,000		$	2,500
Commercial Loan 4	6/25/2024	Variable				40,000		31,000			34,000
Less: Deferred loan costs and debt discount								(4,387	)		(2,813	)
							$	27,613		$	33,687

The following summarizes future maturities of long-term debt principal as September 30, 2026:


	Promissory Notes		Commercial Term Loan		Total
2026		500		1,000	$	1,500
2027		500		4,000	$	4,500
2028		—		4,000	$	4,000
2029		—		22,000	$	22,000
	$	1,000	$	31,000	$	32,000

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Amortized Cost	$ 853,988	$ 580,122
Available for sale securities allowance for credit losses	0	0
Premiums receivable, Net of allowance for credit loss	7,283	3,294
Reinsurance recoverable, Allowance for credit loss	$ 0	$ 0
Common stock, Par value	$ 0.01	$ 0.01
Common stock, Shares authorized	1,500,000,000	1,500,000,000
Common stock, Shares issued	117,320,564	123,889,446
Common stock, Shares outstanding	117,320,564	123,889,446

- Definition

Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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+ Details

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

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+ Details

Fair Value of Financial Assets and Liabilities - Fair Value Information for Liabilities Carried on Consolidated Balance Sheets (Parenthetical) (Details) - 0.00%, Promissory Notes	Sep. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Promissory notes	0.00%
Carrying Value
Debt Instrument [Line Items]
Promissory notes	0.00%	0.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Revenues:
Gross premiums written	$ 506,576	$ 463,394	$ 1,429,382	$ 1,177,027
Change in unearned premiums	(27,272)	(104,031)	17,005	(128,115)
Gross premiums earned	479,304	359,363	1,446,387	1,048,912
Ceded premiums earned	(145,958)	(116,309)	(386,523)	(295,958)
Net premiums earned	333,346	243,054	1,059,864	752,954
Net investment income	23,837	19,093	66,106	47,941
Policy fees	3,155	2,440	9,127	6,428
Other income	713	1,106	2,053	1,571
Total revenue	361,051	265,693	1,137,150	808,894
Expenses:
Losses and loss adjustment expenses incurred, net	101,315	33,240	321,128	208,370
Policy acquisition and other underwriting expenses	46,194	36,393	132,600	97,062
General and administrative expenses	48,846	45,005	150,045	124,318
Interest expense	1,587	909	3,363	2,739
Depreciation expense	1,363	1,230	4,033	3,493
Amortization expense	0	1,901	99	5,693
Total expenses	199,305	118,678	611,268	441,675
Net income before income tax expense	161,746	147,015	525,882	367,219
Income tax expense	23,516	36,018	113,275	93,647
Net income	$ 138,230	$ 110,997	$ 412,607	$ 273,572
Weighted average shares outstanding - Basic	116,759	125,249	118,478	83,126
Weighted average shares outstanding - Diluted	127,128	140,113	130,338	129,916
Earnings per share - Basic	$ 1.18	$ 0.89	$ 3.48	$ 3.29
Earnings per share - Diluted	$ 1.09	$ 0.79	$ 3.17	$ 2.11

Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of variable interest entities

The following table presents, on a consolidated basis, the balance sheet classification and exposure of restricted cash and cash equivalents held in a reinsurance trust account, which can be used only to settle specific reinsurance obligations of the VIE as of the dates presented.


	September 30, 2026		December 31, 2025
Restricted cash and cash equivalents	$	1,015,713	$	480,972

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Loss and Loss Adjustment Expenses

9 Months Ended

Sep. 30, 2026

Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]

Loss and Loss Adjustment Expenses

The Company establishes reserves for the estimated total unpaid costs of Loss and loss adjustment expenses (“LAE”). Loss and LAE reserves reflect management’s best estimate of the total cost of (i) claims that have been incurred, but not yet paid in full, and (ii) claims that have been incurred but not yet reported to the Company (“IBNR”). Reserves established by management represent an estimate of the outcome of future events and, as such, cannot be considered an exact calculation of our liability. Rather, loss and LAE reserves represent management’s best estimate of the Company’s liability based on the application of actuarial techniques and other projection methodologies and taking into consideration other facts and circumstances known at the balance sheet date. The process of establishing loss and LAE reserves is complex and inherently imprecise, as it involves the estimation of the outcome of future uncertain events. The impact of both internal and external variables on ultimate losses and LAE costs is difficult to estimate. In determining loss and LAE reserves, the Company gives careful consideration to all available data and actuarial analyses.

The Company primarily writes insurance in states which could be exposed to hurricanes or other natural catastrophes. The occurrence of a major catastrophe could have a significant effect on the Company’s results and cause a temporary disruption of the normal operations of the Company. However, the Company is unable to predict the frequency or severity of any such events that may occur in the near term or thereafter.

Activity related to the loss and LAE reserves are summarized as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Balances, beginning of period	$	501,020		$	571,812		$	439,715		$	595,487
Less reinsurance recoverables		115,205			240,241			146,128			341,051
Net balances, beginning of period		385,815			331,571			293,587			254,436
Incurred related to:
Current year		119,315			66,755			339,128			263,505
Prior years		(18,000	)		(33,515	)		(18,000	)		(55,135	)
Total incurred	$	101,315		$	33,240		$	321,128		$	208,370
Paid related to:
Current year		83,057			36,191			140,953			72,140
Prior years		6,272			12,600			75,961			74,646
Total paid	$	89,329		$	48,791		$	216,914		$	146,786
Net balances, end of period		397,801			316,020			397,801			316,020
Plus reinsurance recoverables		106,069			207,939			106,069			207,939
Balances at September 30	$	503,870		$	523,959		$	503,870		$	523,959

The establishment of loss and LAE reserves is an inherently uncertain process and changes in loss and LAE reserve estimates are expected as these estimates are subject to the outcome of future events. Changes in estimates, or differences between estimates and amounts ultimately paid, are reflected in the operating results of the period during which such adjustments are adjusted. During the three and nine months ended September 30, 2026, Company recognized $18,000 and $18,000 of favorable loss development primarily to reduce non-catastrophe reserves in response to lower than expected payments. During the three and nine months ended September 30, 2025, the Company recognized $33,515 and $55,135 of favorable loss development primarily to reduce non-catastrophe reserves in response to lower than expected payments.

Guaranty Fund and Other Assessments (Additional Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Guarantees [Abstract]
Guaranty fund assessments	$ 9,072	$ 3,106

Shareholders' Equity (Additional Information) (Details) - $ / shares		9 Months Ended
	Jun. 18, 2025	Sep. 30, 2026	Dec. 31, 2025	Jun. 25, 2025	Dec. 31, 2024
Common stock, Par value	$ 0.01	$ 0.01	$ 0.01
Common stock, Shares authorized		1,500,000,000	1,500,000,000
Common stock, Shares issued		117,320,564	123,889,446
Common stock, Shares outstanding		117,320,564	123,889,446
Liquidation preference per share		$ 13.64
Shares issued and sold	7,300,000
Public offering price per share	$ 17
Stock split		5.5
Convertible Preferred Stock [Member]
Preferred stock conversion price		$ 2.48
Shares converted		9,300,000
Common Stock [Member]
Common stock, Par value	$ 0.01	$ 0.01			$ 0.01
Common stock, Shares authorized	1,500,000,000	1,500,000,000			40,000,000
Preferred Stock [Member]
Preferred stock, Par value	$ 0.01	$ 0.01			$ 0.01
Preferred stock, Shares authorized	150,000,000	20,000,000			20,000,000
IPO [Member]
Common stock, Shares issued	24,000,000			3,600,000
Sale of stock description	On June 18, 2025, the company completed its IPO in which it issued and sold 24.0 million shares of common stock, of which 16.7 million shares were sold by the Company and 7.3 million shares were sold by certain selling stockholders, at a public offering price of $17.00 per share.
Shares issued and sold	16,700,000
Sale of stock price per share	$ 17
IPO [Member] \| Common Stock [Member]
Shares issued and sold	24,000,000

Investments - Schedule of Major Categories of Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Income:
Total investment income	$ 24,220	$ 19,314	$ 67,168	$ 48,594
Investment expenses	383	221	1,062	653
Net investment income	23,837	19,093	66,106	47,941
Available-for-sale fixed-maturity securities
Income:
Total investment income	9,963	5,666	27,104	16,551
Equity securities
Income:
Total investment income	35	0	35	0
Equity securities unrealized loss
Income:
Total investment income	691	0	691	0
Equity securities realized loss
Income:
Total investment income	54	0	54	0
Location, Statement of Financial Position, Activity, Accrual [Axis]: us-gaap:CashAndCashEquivalentsAtCarryingValue \| Cash and Cash Equivalents [Member]
Income:
Total investment income	14,716	13,542	40,324	31,704
Location, Statement of Financial Position, Activity, Accrual [Axis]: us-gaap:OtherInvestments \| Other Investments One [Member]
Income:
Total investment income	$ 251	$ 106	$ 450	$ 339

Stock-based Compensation - Summary of Activity of Unvested Restricted Stock (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested, Ending of year \| shares		1,671		1,671
Nonvested, Ending of year \| Weighted Average Exercise Price		$ 10.66		$ 10.66
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested, Beginning of year \| shares	1,101	1,822	1,098	2,127
Granted \| shares	0	10	335	10
Vested \| shares	142	144	433	432
Forfeited or expired \| shares	0	17	41	34
Nonvested, Ending of year \| shares	959	1,671	959	1,671
Nonvested, beginning of year \| Weighted Average Exercise Price	$ 12.98	$ 10.64	$ 11.28	$ 10.64
Granted \| Weighted Average Exercise Price	0	14.72	16.47	14.72
Vested \| Weighted Average Exercise Price	10.78	10.64	10.89	10.64
Forfeited or expired \| Weighted Average Exercise Price	0	10.64	10.64	10.64
Nonvested, Ending of year \| Weighted Average Exercise Price	$ 13.3	$ 10.66	$ 13.3	$ 10.66

Income Taxes (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Income Tax Disclosure [Abstract]
Income tax expense	$ 23,516	$ 36,018	$ 113,275	$ 93,647
Effective tax rates	14.50%	24.50%	21.50%	25.50%
Production tax credits	$ 88,900	$ 67,900	$ 88,900	$ 67,900
Reduction in federal tax liability			$ 73,800	$ 65,400

Stock-based Compensation - Summary of Status of The Nonvested Share (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested, Ending of year \| shares		1,671		1,671
Nonvested, Ending of year \| Weighted Average Exercise Price		$ 10.66		$ 10.66
Nonvested Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested, Beginning of year \| shares	1,037	3,623	1,629	4,268
Granted \| shares	40	0	40	0
Vested \| shares	280	1,126	844	1,710
Forfeited or expired \| shares	0	41	28	102
Nonvested, Ending of year \| shares	797	2,456	797	2,456
Nonvested, beginning of year \| Weighted Average Exercise Price	$ 0.76	$ 0.66	$ 0.77	$ 1.36
Granted \| Weighted Average Exercise Price	10.48	0	10.48	0
Vested \| Weighted Average Exercise Price	0.7	0.74	0.74	0.89
Forfeited or expired \| Weighted Average Exercise Price	0	1.38	1.38	1.19
Nonvested, Ending of year \| Weighted Average Exercise Price	$ 1.27	$ 0.61	$ 1.27	$ 0.61

Investments - Schedule of Company's Investments Estimated Fair Value and Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Debt Securities, Available-for-Sale [Line Items]
Estimated Fair Value Less than 12 months	$ 742,023	$ 83,626
Unrealized Losses Less than 12 months	(34,786)	(346)
Estimated Fair Value More than 12 months	3,366	5,492
Unrealized Losses More than 12 months	(172)	(37)
Total Estimated Fair Value	745,389	89,118
Total Unrealized Losses	(34,958)	(383)
U.S. government and agencies
Debt Securities, Available-for-Sale [Line Items]
Estimated Fair Value Less than 12 months	177,462	15,712
Unrealized Losses Less than 12 months	(5,591)	(28)
Estimated Fair Value More than 12 months	1,237	1,733
Unrealized Losses More than 12 months	(10)	(8)
Total Estimated Fair Value	178,699	17,445
Total Unrealized Losses	(5,601)	(36)
States, municipalities and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Estimated Fair Value Less than 12 months	238,313	26,538
Unrealized Losses Less than 12 months	(10,591)	(133)
Estimated Fair Value More than 12 months	1,881	2,518
Unrealized Losses More than 12 months	(160)	(26)
Total Estimated Fair Value	240,194	29,056
Total Unrealized Losses	(10,751)	(159)
Corporate Bonds
Debt Securities, Available-for-Sale [Line Items]
Estimated Fair Value Less than 12 months	252,116	38,937
Unrealized Losses Less than 12 months	(13,063)	(180)
Estimated Fair Value More than 12 months	248	1,241
Unrealized Losses More than 12 months	(2)	(3)
Total Estimated Fair Value	252,364	40,178
Total Unrealized Losses	(13,065)	(183)
Asset-Backed Securities
Debt Securities, Available-for-Sale [Line Items]
Estimated Fair Value Less than 12 months	74,132	2,439
Unrealized Losses Less than 12 months	(5,541)	(5)
Estimated Fair Value More than 12 months	0	0
Unrealized Losses More than 12 months	0	0
Total Estimated Fair Value	74,132	2,439
Total Unrealized Losses	$ (5,541)	$ (5)

Nature of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2026
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements for the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. As of September 30, 2026, there were no changes in the nature of our significant accounting policies or the application of those policies from those reported in our annual report for the year ended December 31, 2025. These unaudited consolidated financial statements and accompanying notes should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes for the year ended December 31, 2025. In preparing these interim financial statements, management has made judgments and estimates about the future, including climate-related risks and opportunities, that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates. The significant judgments made by management in applying the Company’s accounting policies and the key sources of estimation uncertainty were the same as those described in the last annual financial statements.
Nature of Business	Nature of Business Slide Insurance Holdings, Inc. (“SIH” or the “Company”) is a Delaware holding company incorporated on March 2, 2021. The Company was organized for the purpose of holding investments in operating subsidiaries engaged in property and casualty insurance activities. Subsidiaries include: Slide Insurance Company (“SIC”) – a wholly owned property casualty insurance company licensed in Florida and South Carolina. Slide MGA, LLC (“SMGA”) – a wholly owned managing general agent that performs policy processing and claims administration for SIC. Stat Claims Company (“STAT”) – a wholly owned claims administrator. Trusted Mitigation Contractors (“TMC”) – a wholly owned broker of contractors and loss mitigation service providers. Slide Reinsurance Holdings, LLC (“Slide Re”) – a wholly owned reinsurance company and owner of the segregated cell (White Rock Insurance, Ltd., account T104). Slide Technologies, LLC (“Slide Tech”) – a wholly owned subsidiary that will license software developed by the Company. This entity has not begun operations. SJIG Target, LLC (“SJIG”) – a wholly owned non-operating entity that holds contractual renewal rights to a portion of the policies issued by SIC. Clegg Insurance Advisors, LLC (“Homefront”) – a wholly owned insurance agency acquired by the Company during 2022. SIH Technologies, LLP (“Slide India”) – a wholly owned non-operating entity that is in the process of being dissolved. Slide Specialty Insurance Company (“Slide Specialty" or "SSIC”) – a wholly owned property casualty insurance company licensed in New Hampshire, New Jersey, New York, Rhode Island and South Carolina. The Law Offices of Jonathan Hall, PLLC ("LOJH") - a wholly owned law firm of insurance staff employees employed by SMGA. SIC is domiciled in the state of Florida and is a wholly owned subsidiary of SIH. SIC was incorporated on February 17, 2022, and commenced operations on March 1, 2022, after receiving its Certificate of Authority from the Florida Office of Insurance Regulation (the “FLOIR”). SIC provides homeowners insurance coverage to policyholders in Florida and South Carolina, with Florida policyholders representing 96% of direct written premiums written for the nine months ended September 30, 2026. SIC is subject to the broad administrative powers of the FLOIR, which include, but are not limited to, limitation of dividends distributable, modification of management services and tax-sharing agreements, limitations on new and renewal business, and requirements for capital and surplus. SSIC is domiciled in the state of Rhode Island and is a wholly owned subsidiary of SIH. SSIC currently provides homeowners insurance coverage to policyholders in California, South Carolina, and Texas. SSIC began writing policies during the second quarter of 2026. SSIC is subject to the broad administrative powers of the Rhode Island Department of Business Regulation ("the RIDBR"), which include, but are not limited to, limitation of dividends distributable, modification of management services and tax-sharing agreements, and requirements for capital and surplus. SIH filed its original certificate of incorporation with the Secretary of State of the State of Delaware on March 2, 2021, and was authorized to issue 40.0 million shares of common stock at par value of $0.01 per share and 20.0 million shares of preferred stock at par value of $0.01 per share, pre stock split. The Company amended and restated its certificate of incorporation on June 18, 2025, authorizing capital stock of 1.5 billion shares of common stock, par value $0.01 per share, and 150.0 million shares of preferred stock, par value $0.01 per share. As of September 30, 2026 and December 31, 2025, there were 117.3 million and 123.9 million shares of common stock outstanding, respectively.
Stock Split	Stock Split On June 18, 2025, the Company effected a 5.5-for-1 stock split of its common stock and preferred stock. All common stock and preferred stock and per share information included in the accompanying condensed consolidated financial statements and footnotes has been retroactively adjusted to reflect this unit split for all periods presented.
Completion of Initial Public Offering	Completion of Initial Public Offering On June 18, 2025, the Company closed its initial public offering ("IPO") of 24.0 million shares of its common stock, of which 16.7 million shares were sold by the Company and 7.3 million shares were sold by certain selling stockholders, at an initial public offering price of $17.00 per share for gross proceeds of $408.0 million. The Company received net proceeds of approximately $263.5 million, net of approximately $19.8 million of underwriting discounts and commissions. The Company did not receive any proceeds from the sale of shares of its common stock by selling stockholders. The Company recorded the transaction within common stock and additional paid-in capital in the condensed consolidated balance sheets as of December 31, 2025. All preferred stock was converted to common stock upon the completion of the IPO. On June 25, 2025, the underwriters fully exercised their option to purchase an additional 3.6 million shares of common stock from certain selling stockholders of the Company. The purchase of the additional shares brought the gross proceeds from the IPO to $469.2 million. The Company did not receive any proceeds from the sale by such selling stockholders of the additional shares.
Stock Repurchase Program	Stock Repurchase Program On August 26, 2025, the Company's Board of Directors ("Board") authorized the 2025 Stock Repurchase Program ("repurchase program"), which allowed the Company to repurchase, from time to time, up to $75.0 million of common stock through open market repurchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors. On November 4, 2025, the Board authorized an increase to the repurchase program to purchase an additional $45.0 million of common stock. On March 23, 2026, the Company completed the repurchase of the $120 million shares of common stock authorized under the repurchase program. On March 23, 2026, the Board authorized a new stock repurchase plan ("the March 2026 repurchase program"), which allowed the Company to repurchase, from time to time, up to $125.0 million of common stock through open market repurchases in compliance with Rule 10b-18 under the Exchange Act and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors. On April 28, 2026, the Board authorized a new stock repurchase plan (the “April 2026 repurchase program” and together with the “March 2026 repurchase program”, the “new stock repurchase programs”), which allows the Company to repurchase, from time to time, up to $100.0 million of common stock through open market repurchases in compliance with Rule 10b-18 under the Exchange Act and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors. For the three and nine months ended September 30, 2026, under the repurchase program and the new stock repurchase programs, the Company repurchased 0 and 10,722,220 shares of common stock for $0 and $190.9 million, respectively. Upon repurchase, the Company retired the shares of common stock. The repurchase plan has no time deadline and will continue until all authorized shares have been repurchased or it is otherwise modified or terminated by the Board.
Assumed Business	Assumed Business From time to time, the Company may participate in a “take-out program” through which the Company assumes insurance policies held by Citizens Property Insurance Corporation (“Citizens”), a Florida state-supported insurer. The take-out program is a legislatively mandated program designed to reduce the state’s risk exposure by encouraging private companies to assume policies from Citizens. For the three and nine months ended September 30, 2026, the Company was approved by the FLOIR to assume a total of 15,100 and 146,700 policies. The approval date noted is based on the actual take-out date and not the date the Company received approval to participate from the FLOIR. For the three and nine months ended September 30, 2026, the Company assumed approximately 10,050 and 47,718 policies, representing $34.9 million and $154.3 million in annualized gross premiums. For the three and nine months ended September 30, 2025, the Company was approved by the FLOIR to assume a total of 15,000 and 281,150 policies, respectively. The approval date noted is based on the actual take-out date and not the date the Company received approval to participate from the FLOIR. For the three and nine months ended September 30, 2025, the Company assumed approximately 13,711 and 40,082 policies, representing $33.1 million and $138.0 million in annualized gross premiums, respectively. For the year ended December 31, 2025, the Company was approved by the FLOIR to assume a total of 457,150 policies from Citizens. In 2025, approximately 191,850 policies were assumed from Citizens, representing approximately $595.0 million in annualized gross written premiums related to these transactions.
Adoption of New Accounting Standard	Adoption of New Accounting Standard In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This update enhances income tax disclosures by requiring public entities to report income tax expense disaggregated by federal, state and foreign taxes, with further detail on specific jurisdictions over a quantitative threshold. In addition, public entities must also separately disclose reconciling items equal to or greater than five percent of pretax income from operations by the applicable federal statutory rate. ASU 2023-09 is effective for all public entities for fiscal years beginning after December 15, 2024. ASU 2023-09 was adopted by the Company effective December 31, 2025, and applied the disclosure requirements retroactively. See Note 7 Income Taxes in the accompanying notes to the condensed consolidated financial statements for further details.
Consolidation Policy	Consolidation Policy The Financial Statements include the accounts of the Company, its wholly owned subsidiaries and Variable Interest Entities (“VIEs”) in which the Company is determined to be the primary beneficiary. This analysis includes a review of the VIE’s capital structure, related contractual relationships and terms, nature of the VIE’s operations and purpose, nature of the VIE’s interests issued, and the Company’s involvement with the entity. When assessing the need to consolidate a VIE, the Company evaluates the design of the VIE as well as the related risks to which the entity was designed to expose the variable interest holders. The primary beneficiary is the entity that has both (i) the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depends on the Company’s decision making ability and its ability to influence activities that significantly affect the economic performance of the VIE.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.
Segment Information	Segment Information The insurance segment derives revenues from direct and assumed premiums written and premiums are earned pro rata over the terms of the policies, or remaining term of the policy for policies assumed post their origination date. Revenue is earned from policies from homeowners, which are annual policies. The accounting policies of the insurance segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker (“CODM”) assesses performance for the insurance segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income and EBITDA. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM uses net income and EBITDA to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the insurance segment or into other parts of the entity, such as for acquisitions. The significant expenses reviewed by the CODM, which are used to assess performance of the company, are not disaggregated at a level lower than the captions disclosed within the Consolidated Statement of Operations. Net income is used to monitor budget versus actual results. The CODM also uses net income and EBITDA in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation. The Company has one reportable segment: insurance. The insurance segment provides residential homeowners insurance. The Company derives all revenue in the United States of America and manages the business activities on a consolidated basis. The Company’s CODM is the Chief Executive Officer.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In November 2024, the Financial Accounting Standards Board ("FASB") issued ASU 2024-03, “Income Statement (Topic 220): Reporting Comprehensive Income - Expense Disaggregation Disclosures, Disaggregation of Income Statement Expenses,” which requires additional information about certain expenses in the financial statements. The amendments in this ASU will be effective for annual periods beginning after December 15, 2026. Early adoption is permitted and is effective on either a prospective basis or retrospective basis. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures. In September 2025, the FASB issued Accounting Standards Update ("ASU") 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The update modifies the accounting for internal-use software development costs by eliminating the stage-based model and establishing new capitalization criteria that apply once a project is authorized, funded, and it is probable the software will be completed and used as intended. The new guidance also introduces the concept of significant development uncertainty to help entities determine the appropriate timing of capitalization and integrates prior website development guidance into Accounting Standards Codification (“ASC”) 350-40. The update is effective for annual periods beginning after December 15, 2026, with early adoption permitted. The Company is currently assessing the impact of adopting this guidance and does not expect the adoption to have a material effect on its financial position or results of operations. In December 2025, the FASB issued ASU 2025-11, "Interim Reporting (Topic 270): Narrow-Scope Improvements", which clarifies the guidance in Topic 270 to improve the consistency of interim financial reporting. The ASU provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2025-11. The Company does not believe any of these accounting pronouncements have or will have a material impact on its condensed consolidated financial statements.

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2026

Debt Instrument [Line Items]

Schedule of Deferred Loan Costs and Debt Discount


	Issue Date	Interest Rate			Original Principal		Outstanding Principal at September 30, 2026			Outstanding Principal at December 31, 2025
Promissory Notes	3/31/2022		0.00	%	$	10,000	$	1,000		$	2,500
Commercial Loan 4	6/25/2024	Variable				40,000		31,000			34,000
Less: Deferred loan costs and debt discount								(4,387	)		(2,813	)
							$	27,613		$	33,687

Schedule of Future Maturities of Long-Term Debt Principal

The following table summarizes components of the Company’s long-term debt and methods used in estimating their fair values:


	Maturity Date	Valuation Methodology
Promissory Notes, 0.00%	2027	Discounted cash flow method, Level 3 inputs
Commercial Loan, variable rate of interest	2029	Discounted cash flow method, Level 3 inputs

Long Term Debt

Debt Instrument [Line Items]

Schedule of Future Maturities of Long-Term Debt Principal

The following summarizes future maturities of long-term debt principal as September 30, 2026:


	Promissory Notes		Commercial Term Loan		Total
2026		500		1,000	$	1,500
2027		500		4,000	$	4,500
2028		—		4,000	$	4,000
2029		—		22,000	$	22,000
	$	1,000	$	31,000	$	32,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of option activity under the Stock Plan as of September 30, 2026 and September 30, 2025, respectively, and changes during the year then ended is presented below:


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at June 30, 2026		10,854	$	0.79
Granted		40		21.48
Exercised		1,664		0.41
Forfeited or expired		—		—
Outstanding at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Vested or expected to vest at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Exercisable at September 30, 2026		8,371	$	0.79		5.96	$	180,173


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at June 30, 2025		14,074	$	0.84
Granted		—		—
Exercised		262		1.38
Forfeited or expired		41		1.38
Outstanding at September 30, 2025		13,771	$	0.83		6.95	$	207,638
Vested or expected to vest at September 30, 2025		10,930	$	0.74		6.85	$	148,262
Exercisable at September 30, 2025		10,930	$	0.74		6.85	$	148,262


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2026		13,108	$	0.81
Granted		40		21.48
Exercised		3,890		0.74
Forfeited or expired		28		1.38
Outstanding at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Vested or expected to vest at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Exercisable at September 30, 2026		8,371	$	0.79		5.96	$	180,173


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2025		14,828	$	1.19
Granted		—		—
Exercised		961		1.05
Forfeited or expired		96		1.19
Outstanding at September 30, 2025		13,771	$	0.83		6.95	$	207,638
Vested or expected to vest at September 30, 2025		10,930	$	0.74		6.85	$	148,262
Exercisable at September 30, 2025		10,930	$	0.74		6.85	$	148,262

Summary of Nonvested Shares

A summary of the status of the Company’s nonvested options as of September 30, 2026 and 2025, and changes during the three and nine months ended September 30, 2026 and 2025, is presented below:


Nonvested Options	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at June 30, 2026		1,037		0.76
Granted		40		10.48
Vested		280		0.70
Forfeited or expired		—		—
Nonvested at September 30, 2026		797		1.27

Nonvested at June 30, 2025		3,623		0.66
Granted		—		—
Vested		1,126		0.74
Forfeited or expired		41		1.38
Nonvested at September 30, 2025		2,456		0.61


Nonvested Options	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at January 1, 2026		1,629		0.77
Granted		40		10.48
Vested		844		0.74
Forfeited or expired		28		1.38
Nonvested at September 30, 2026		797		1.27

Nonvested at January 1, 2025		4,268		1.36
Granted		—		—
Vested		1,710		0.89
Forfeited or expired		102		1.19
Nonvested at September 30, 2025		2,456		0.61

Summary of Unvested Restricted Stock Unit Activity

Information with respect to the activity of unvested restricted stock awards during the three and nine months ended September 30, 2026 and 2025 is as follows:


Nonvested Restricted Stock	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at June 30, 2026		1,101		12.98
Granted		—		—
Vested		142		10.78
Forfeited or expired		—		—
Nonvested at September 30, 2026		959		13.30

Nonvested at June 30, 2025		1,822		10.64
Granted		10		14.72
Vested		144		10.64
Forfeited or expired		17		10.64
Nonvested at September 30, 2025		1,671		10.66


Nonvested Restricted Stock	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at January 1, 2026		1,098		11.28
Granted		335		16.47
Vested		433		10.89
Forfeited or expired		41		10.64
Nonvested at September 30, 2026		959		13.30

Nonvested at January 1, 2025		2,127		10.64
Granted		10		14.72
Vested		432		10.64
Forfeited or expired		34		10.64
Nonvested at September 30, 2025		1,671		10.66

Summary of Deferred Tax Benefits Recognized and Tax Benefits Realized Related to Stock-Based Compensation

The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to stock-based compensation for the nine months ended September 30, 2026 and 2025:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Deferred tax benefits recognized	$	501	$	724	$	2,140	$	2,287
Tax benefits realized for vested stock		103		938		315		1,899
Fair value of vested stock		309,472		172,481		309,472		172,481

Stock-based Compensation (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025	Dec. 31, 2025
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 501	$ 724	$ 2,140	$ 2,287
Unrecognized compensation cost related to nonvested share-based compensation	562	1,254	562	1,254
Stock options vested, total fair value			$ 434	$ 833
Unvested performance awards shares			2,200,000
Vested \| shares			6,050,000.00	5,200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	197,340	148,262	$ 197,340	$ 148,262
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 309,472	$ 172,481	309,472	172,481
Stock based compensation			$ 9,952	$ 8,970
Share based compensation weighted-average period	5 years 11 months 15 days	6 years 10 months 6 days	5 years 11 months 15 days	6 years 10 months 6 days
Performance Shares [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unvested performance awards shares			4,400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 485		$ 485		$ 1,067
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 4,255	$ 3,673
Number of shares unvested	550,000	1,400,000	550,000	1,400,000
Restricted Stock [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized compensation cost related to nonvested share-based compensation	$ 7,507	$ 13,584	$ 7,507	$ 13,584
Stock based compensation	3,357	2,696	$ 9,622	$ 8,167
Share based compensation weighted-average period			7 months 6 days
2021 Equity Compensation Plan
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Number of stock option granted			40,000	0
2021 Equity Compensation Plan \| Maximum [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock Issued During Period, Shares, Employee Benefit Plan			16,985,293
2025 Omnibus Incentive Plan
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Compensation cost	3,456	2,956	$ 9,952	$ 8,970
Share-Based Payment Arrangement, Expense, Tax Benefit	$ 501	$ 724	$ 2,140	$ 2,287
Shares issued	500,400		500,400
2025 Omnibus Incentive Plan \| Restricted stock units [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Awarding of restricted stock units			12,000,000
2025 Omnibus Incentive Plan \| Maximum [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock Issued During Period, Shares, Employee Benefit Plan			16,985,293

Revolving Credit Facility (Additional Information) (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions	Oct. 26, 2026	Jun. 25, 2024	Sep. 30, 2026	Jul. 27, 2026
Line of Credit Facility [Line Items]
Borrowing capacity			$ 530.4
Borrowings outstanding			$ 0.0
Subsequent Event [Member]
Line of Credit Facility [Line Items]
Expiration date	Oct. 26, 2031
Amended borrowing capacity	$ 670.0
Principal amount	$ 402.0
Regions Bank [Member]
Line of Credit Facility [Line Items]
Borrowing capacity		$ 10.0
Expiration date		Jun. 25, 2029
Amended borrowing capacity				$ 530.4
Principal amount		$ 40.0
Unused line fee rate		0.50%
Delayed Draw Term Loan (DDTL) [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Principal amount		$ 125.0

Investments (Tables)

9 Months Ended

Sep. 30, 2026

Debt Securities, Available-for-Sale [Abstract]

Schedule of Estimated Fair Value of Investments in Fixed-Maturity Securities Available-for-Sale

The amortized cost, gross unrealized gains and losses, and estimated fair value of investments in fixed-maturity securities available-for-sale at September 30, 2026 and December 31, 2025, are as follows:


	September 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. government and agencies	$	202,288	$	9	$	(5,601	)	$	196,696
States, municipalities and political subdivisions		268,691		43		(10,751	)	$	257,983
Corporate Bonds		303,335		236		(13,065	)	$	290,506
Asset-Backed Securities		79,674		0		(5,541	)	$	74,133
	$	853,988	$	288	$	(34,958	)	$	819,318


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. government and agencies	$	155,600	$	2,011	$	(36	)	$	157,575
States, municipalities and political subdivisions		203,485		3,948		(159	)	$	207,274
Corporate Bonds		171,501		3,689		(183	)	$	175,007
Asset-Backed Securities		49,536		333		(5	)	$	49,864
	$	580,122	$	9,981	$	(383	)	$	589,720

Schedule of Amortized Cost and Estimated Fair Value of Investments in Fixed-Maturity Securities

The amortized cost and estimated fair value of investments in fixed-maturity securities at September 30, 2026 and December 31, 2025, by contractual maturity, are shown below.


	September 30, 2026				December 31, 2025
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
In one year or less	$	41,895	$	41,894	$	48,155	$	48,353
After one year through five years		370,850		363,496		303,205		309,550
After five years through 10 years		336,558		316,926		165,622		168,346
After 10 years		104,685		97,002		63,140		63,471
	$	853,988	$	819,318	$	580,122	$	589,720

Schedule of Company's Investments Estimated Fair Value and Gross Unrealized Losses

The following tables show the estimated fair value and gross unrealized losses of the Company's investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2026.


	September 30, 2026
	Less than 12 months					More than 12 months					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
U.S. government and agencies	$	177,462	$	(5,591	)	$	1,237	$	(10	)	$	178,699	$	(5,601	)
States, municipalities and political subdivisions		238,313		(10,591	)		1,881		(160	)		240,194		(10,751	)
Corporate Bonds		252,116		(13,063	)		248		(2	)		252,364		(13,065	)
Asset-Backed Securities		74,132		(5,541	)		—		—			74,132		(5,541	)
	$	742,023	$	(34,786	)	$	3,366	$	(172	)	$	745,389	$	(34,958	)


	December 31, 2025
	Less than 12 months					More than 12 months					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
U.S. government and agencies	$	15,712	$	(28	)	$	1,733	$	(8	)	$	17,445	$	(36	)
States, municipalities and political subdivisions		26,538		(133	)		2,518		(26	)		29,056		(159	)
Corporate Bonds		38,937		(180	)		1,241		(3	)		40,178		(183	)
Asset-Backed Securities		2,439		(5	)		—		—			2,439		(5	)
	$	83,626	$	(346	)	$	5,492	$	(37	)	$	89,118	$	(383	)

Schedule of investments in equity securities measured at fair values

The Company holds investments in equity securities measured at fair values using readily determinable market prices. As of September 30, 2026 and December 31, 2025, the cost, gross unrealized gains and losses, and estimated fair value of the Company’s equity securities were as follows:


	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
September 30, 2026	$	24,473	$	411	$	(1,102	)	$	23,782
December 31, 2025	$	-	$	-	$	-		$	-

Schedule of Major Categories of Net Investment Income

Major categories of net investment income, excluding realized gains, are summarized as follows:


	Three Months Ended September 30,					Nine Months Ended September 30,
	2026			2025		2026			2025
Income:
Available-for-sale fixed-maturity securities	$	9,963		$	5,666	$	27,104		$	16,551
Equity securities	$	35			-	$	35			-
Equity securities unrealized loss	$	(691	)		-	$	(691	)		-
Equity securities realized loss	$	(54	)		-	$	(54	)		-
Cash and cash equivalents		14,716			13,542		40,324			31,704
Other investments		251			106		450			339
Total investment income	$	24,220		$	19,314	$	67,168		$	48,594
Investment expenses		383		$	221		1,062			653
Net investment income	$	23,837		$	19,093	$	66,106		$	47,941

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
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+ Details

Stock-based Compensation - Summary of Option Activity Under The Employee Share Option Plan (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]
Outstanding, beginning of year \| shares	10,854	14,074	13,108	14,828
Granted \| shares	40	0	40	0
Exercised \| shares	1,664	262	3,890	961
Forfeited or expired \| shares	0	41	28	96
Outstanding, end of year \| shares	9,230	13,771	9,230	13,771
Vested or expected to vest at end of year \| shares	9,230	10,930	9,230	10,930
Exercisable at end of year \| shares	8,371	10,930	8,371	10,930
Outstanding, beginning of year \| Weighted Average Exercise Price	$ 0.79	$ 0.84	$ 0.81	$ 1.19
Granted \| Weighted Average Exercise Price	21.48	0	21.48	0
Exercised \| Weighted Average Exercise Price	0.41	1.38	0.74	1.05
Forfeited or expired \| Weighted Average Exercise Price	0	1.38	1.38	1.19
Outstanding, end of year \| Weighted Average Exercise Price	0.93	0.83	0.93	0.83
Vested or expected to vest at end of year \| Weighted Average Exercise Price	0.93	0.74	0.93	0.74
Exercisable at end of year\| Weighted Average Exercise Price	$ 0.79	$ 0.74	$ 0.79	$ 0.74
Outstanding, end of year \| Weighted Average remaining contractual term	6 years	6 years 11 months 12 days	6 years	6 years 11 months 12 days
Vested or expected to vest at the end of year \| Weighted Average remaining contractual term	6 years	6 years 10 months 6 days	6 years	6 years 10 months 6 days
Exercisable, Weighted Average remaining contractual term	5 years 11 months 15 days	6 years 10 months 6 days	5 years 11 months 15 days	6 years 10 months 6 days
Outstanding, end of year, Aggregate Intrinsic Value	$ 197,340	$ 207,638	$ 197,340	$ 207,638
Vested or expected to vest at the end of year \| Aggregate Intrinsic Value	197,340	148,262	197,340	148,262
Exercisable , Aggregate Intrinsic Value	$ 180,173	$ 148,262	$ 180,173	$ 148,262

Investments - Schedule of Estimated Fair Value of Investments in Fixed-Maturity Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 853,988	$ 580,122
Gross Unrealized Gains	288	9,981
Gross Unrealized Losses	(34,958)	(383)
Estimated Fair Value	819,318	589,720
U.S. government and agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	202,288	155,600
Gross Unrealized Gains	9	2,011
Gross Unrealized Losses	(5,601)	(36)
Estimated Fair Value	196,696	157,575
States, municipalities and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	268,691	203,485
Gross Unrealized Gains	43	3,948
Gross Unrealized Losses	(10,751)	(159)
Estimated Fair Value	257,983	207,274
Corporate Bonds
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	303,335	171,501
Gross Unrealized Gains	236	3,689
Gross Unrealized Losses	(13,065)	(183)
Estimated Fair Value	290,506	175,007
Asset-Backed Securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	79,674	49,536
Gross Unrealized Gains	0	333
Gross Unrealized Losses	(5,541)	(5)
Estimated Fair Value	$ 74,133	$ 49,864

- Definition

Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

+ Details

- Definition

Fair value of investment in security owned.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands

Total

Common Stock [Member]

Preferred Stock [Member]

Additional Paid-in Capital [Member]

Retained Earnings [Member]

Accumulated Other Comprehensive Income [Member]

Beginning Balance, Shares at Dec. 31, 2024

^[1]

56,224,168

51,374,125

Beginning Balance, Value at Dec. 31, 2024

$ 433,159

$ 562

^[1]

$ 514

^[1]

$ 122,607

^[1]

$ 309,191

$ 285

Exercise of vested common stock options, Shares

^[1]

951,291

Exercise of vested common stock options, Value

1,013

$ 10

^[1]

1,003

^[1]

Other financing activities

(2,463)

^[1]

Vesting of RSUs, Shares

^[1]

432,234

Vesting of RSUs

^[1]

$ 3

(3)

Stock-based compensation

8,970

^[1]

Repurchase and retirement of common stock

^[1]

(20,000)

$ (14)

(19,986)

Repurchase and retirement of common stock, Shares

^[1]

(1,406,712)

Conversion of Preferred Stock to Common Stock as part of IPO, Shares

^[1]

51,374,125

(51,374,125)

Conversion of Preferred Stock to Common Stock as part of IPO, Value

^[1]

$ 514

$ (514)

Initial Public Offering, Shares

^[1]

16,666,667

Initial Public Offering, Value

263,500

$ 167

^[1]

263,333

^[1]

Net income

273,572

Other comprehensive loss

6,469

Ending Balance, Value at Sep. 30, 2025

964,220

$ 1,242

^[2]

373,461

^[2]

582,763

6,754

Ending Balance, Shares at Sep. 30, 2025

^[2]

124,241,773

Beginning Balance, Shares at Jun. 30, 2025

^[2]

125,243,157

Beginning Balance, Value at Jun. 30, 2025

868,060

$ 1,252

^[2]

389,731

^[2]

471,766

5,311

Exercise of vested common stock options, Shares

^[2]

261,250

Exercise of vested common stock options, Value

360

$ 3

^[2]

357

^[2]

Other financing activities

404

^[2]

Vesting of RSUs, Shares

^[2]

144,078

Vesting of RSUs

^[2]

$ 1

(1)

Stock-based compensation

2,956

^[2]

Repurchase and retirement of common stock

^[2]

(20,000)

$ (14)

(19,986)

Repurchase and retirement of common stock, Shares

^[2]

(1,406,712)

Net income

110,997

Other comprehensive loss

1,443

Ending Balance, Value at Sep. 30, 2025

964,220

$ 1,242

^[2]

373,461

^[2]

582,763

6,754

Ending Balance, Shares at Sep. 30, 2025

^[2]

124,241,773

Beginning Balance, Shares at Dec. 31, 2025

^[1]

123,889,446

Beginning Balance, Value at Dec. 31, 2025

1,113,241

$ 1,239

^[1]

351,688

^[1]

753,149

7,165

Exercise of vested common stock options, Shares

^[1]

3,891,250

Exercise of vested common stock options, Value

2,897

$ 39

^[1]

2,858

^[1]

Vesting of RSUs, Shares

^[1]

432,918

Vesting of RSUs

^[1]

$ 4

(4)

Stock-based compensation

9,952

^[1]

Repurchase and retirement of common stock

(190,932)

$ (107)

^[1]

(190,825)

^[1]

Repurchase and retirement of common stock, Shares

^[1]

(10,722,220)

Shares withheld for taxes (net share settlement), Share

^[1]

(170,830)

Shares withheld for taxes (net share settlement), Value

(3,332)

$ (2)

^[1]

(3,330)

^[1]

Funding of dividends declared

(8,184)

Net income

412,607

Other comprehensive loss

(33,586)

Ending Balance, Value at Sep. 30, 2026

1,302,663

$ 1,173

^[2]

170,339

^[2]

1,157,572

(26,421)

Ending Balance, Shares at Sep. 30, 2026

^[2]

117,320,564

Beginning Balance, Shares at Jun. 30, 2026

^[2]

115,568,131

Beginning Balance, Value at Jun. 30, 2026

1,194,818

$ 1,156

^[2]

167,771

^[2]

1,027,526

(1,635)

Exercise of vested common stock options, Shares

^[2]

1,665,748

Exercise of vested common stock options, Value

697

$ 16

^[2]

681

^[2]

Vesting of RSUs, Shares

^[2]

142,512

Vesting of RSUs

^[2]

$ 1

(1)

Stock-based compensation

3,456

^[2]

Shares withheld for taxes (net share settlement), Share

^[2]

(55,827)

Shares withheld for taxes (net share settlement), Value

(1,568)

^[2]

Funding of dividends declared

(8,184)

Net income

138,230

Other comprehensive loss

(24,786)

Ending Balance, Value at Sep. 30, 2026

$ 1,302,663

$ 1,173

^[2]

$ 0

^[2]

$ 170,339

^[2]

$ 1,157,572

$ (26,421)

Ending Balance, Shares at Sep. 30, 2026

^[2]

117,320,564

[1]	All Common Stock share and related dollar information, all Preferred Stock share and related dollar information and Additional Paid-in Capital have been adjusted to reflect the 5.5-for-1 stock split effective June 18, 2025, as discussed in Note 1.
[2]	All Common Stock share and related dollar information, all Preferred Stock share and related dollar information and Additional Paid-in Capital have been adjusted to reflect the 5.5-for-1 stock split effective June 18, 2025, as discussed in Note 1.

Insider Trading Arrangements

3 Months Ended

Sep. 30, 2026

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

Item 5. Other Information.

Securities Trading Plans of Directors and Officers

None of the Company's directors or officers (as defined in Rule 16a-1(f)) adopted, modified or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as defined in Item 408(c) of SEC Regulation S-K) during the quarter ended September 30, 2026, except as described in the table below:

       Name and Title

       Date Adopted or Terminated

       Type of Trading Arrangement(1)

       Nature of Trading Arrangement

       Duration of Trading Arrangement

       Aggregate Number of Securities

Matthew Larson, Chief Risk Officer *

5/4/2026

Rule 10b5-1 trading arrangement

Sale

4/30/2027

84,497

Robert D. Gries, Jr. (GRM Family Limited Partnership), Board Director

9/14/2026

Rule 10b5-1 trading arrangement

Sale

9/8/2027

600,000

*We inadvertently omitted the disclosure of a Rule 10b5-1 Plan adopted by Matthew Larson, Chief Risk Officer, on May 4, 2026, in Item 5 of Part II in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

Rule 10b5-1 Arrangement Adopted

false

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Rule 10b5-1 Arrangement Modified

false

Non-Rule 10b5-1 Arrangement Modified

false

Matthew Larson

Trading Arrangements, by Individual

Name

Matthew Larson

^[1]

Title

Chief Risk Officer

^[1]

Rule 10b5-1 Arrangement Adopted

true

^[1]

Adoption Date

5/4/2026

^[1]

Expiration Date

4/30/2027

^[1]

Aggregate Available

84,497

^[1]

Robert D. Gries, Jr.

Trading Arrangements, by Individual

Name

Robert D. Gries, Jr.

Title

(GRM Family Limited Partnership), Board Director

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

9/14/2026

Expiration Date

9/8/2027

Aggregate Available

600,000

[1]	We inadvertently omitted the disclosure of a Rule 10b5-1 Plan adopted by Matthew Larson, Chief Risk Officer, on May 4, 2026, in Item 5 of Part II in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

Variable Interest Entities

9 Months Ended

Sep. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entities

18.

Variable Interest Entities

The Company entered into a reinsurance captive arrangement with White Rock Insurance (SAC) Ltd. acting in respect of “Separate Account T104—Slide,” a VIE in the normal course of business and consolidated the VIE since the Company is the primary beneficiary. See “Note 1 (Nature of Business and Significant Accounting Policies — Consolidation Policy)” for more information about the methodology and significant inputs used to consider whether to consolidate a VIE.

In 2025, SIC entered into reinsurance transactions whereby the VIE provided quota share, per risk and catastrophe reinsurance protection to the Insurance Entities for the period of June 1, 2025 through May 31, 2026.

In 2026, SIC entered into reinsurance transactions whereby the VIE provided quota share, per risk and catastrophe reinsurance protection to the Insurance Entities for the period of June 1, 2026 through May 31, 2027.


	September 30, 2026		December 31, 2025
Restricted cash and cash equivalents	$	1,015,713	$	480,972

ShareholderS' Equity - Schedule of Cash Dividends Declared on Common StocK (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2026	Jul. 27, 2026
Dividend, Per Share Amount	$ 0.07
Aggregate Amount Paid	$ 8,184
O 2026 M7 Dividends
Dividend, Declaration Date	Jul. 27, 2026
Dividends, Date of Record	Aug. 14, 2026
Dividends Date to be Paid	Aug. 28, 2026
Dividend, Per Share Amount		$ 0.07
Aggregate Amount Paid	$ 8,184

Affiliate Transactions	9 Months Ended
Affiliate Transactions	Sep. 30, 2026
Related Party Transactions [Abstract]
Affiliate Transactions	11. Affiliate Transactions The Company had no transactions with affiliates that have not been fully eliminated in consolidation in the nine months ended September 30, 2026 and 2025.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

+ Details

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025
Cash flows from operating activities:
us-gaap:NetIncomeLoss	$ 412,607	$ 273,572
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for depreciation and amortization	4,132	9,186
Deferred income tax expense	690	3,637
Stock based compensation	9,952	8,970
Amortization of deferred loan costs	804	589
Net realized investment losses (gains)	65	(6)
Net unrealized investment losses	691	0
Net amortization of premiums on investments in fixed-maturity securities	(1,984)	(2,068)
Change in value of interest rate swap	(62)	(26)
Purchase of transferable tax credits	(66,666)	(65,360)
Change in operating assets and liabilities:
Accrued interest income	(5,049)	(1,415)
Premiums receivable	6,739	(46,029)
Reinsurance recoverable on paid losses	4,950	(37,041)
Reinsurance recoverable on unpaid losses	40,059	133,112
Prepaid reinsurance premiums	(195,077)	(164,636)
Prepaid expenses	(5,195)	(5,523)
Deferred policy acquisition costs	(16,535)	(27,287)
Other assets	(51)	31
Loss and loss adjustment expense reserves	64,155	(71,528)
Unearned premiums	(17,008)	128,115
Advanced premiums	44,892	29,789
Income taxes payable	48,571	56,446
Premium taxes payable	26,029	(1,233)
Commissions payable	6,708	11,204
Reinsurance premiums payable	163,882	134,237
Accounts payable and accrued expenses	11,377	7,745
Net lease liability, net	96	389
Other liabilities	8,267	832
Net cash provided by operating activities	547,039	375,702
Cash flows from investing activities:
Purchase of fixed-maturity securities available-for-sale	(327,705)	(75,745)
Proceeds from maturities and redemptions of fixed-maturity securities available -for-sale	55,813	76,950
Purchase of equity securities	(25,123)	0
Proceeds from maturities and redemptions of equity securities	596	0
Proceeds from redemption of other investments	0	504
Purchase of equity method investment	(3,000)	0
Return of capital from other investments	333	0
Purchase of property and equipment	(7,405)	(2,314)
Net cash (used in) provided by investing activities	(306,491)	(605)
Cash flows from financing activities:
Dividends paid on common stock	(8,184)	0
Proceeds from exercise of stock options	2,897	1,012
Other financing costs	0	(2,463)
Payment of debt issuance costs	(2,379)	(296)
Repayment of long-term debt	(4,500)	(4,500)
Proceeds from issuance of initial public offering	0	263,500
Repurchase and retirement of common stock	(190,932)	(20,000)
Shares withheld for taxes (net share settlement)	(3,332)	0
Net cash (used in) provided by financing activities	(206,430)	237,253
Net increase in cash, cash equivalents and restricted cash	34,118	612,350
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period	1,682,968	789,842
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period	1,717,086	1,402,192
Cash paid during the year for:
Interest paid	1,950	1,659
Income taxes paid	$ 64,020	$ 33,525

Leases - Schedule of Future Lease Payments For The Operating Lease (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025	Sep. 30, 2025
Leases [Abstract]
2026 (remaining)	$ 604
2027	2,465
2028	2,534
2029	2,605
Thereafter	1,123
Total lease payments	9,331
Less: imputed interest	868
Present value of lease liability	$ 8,463	$ 9,649	$ 9,975

Fair Value of Financial Assets and Liabilities - Fair Value Information for Liabilities that are Carried on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Estimated Fair Value
Long-Term debt:
Total long-term debt	$ 26,505	$ 30,050
Less: unamortized issuance costs	(4,387)	(2,813)
Estimated Fair Value \| 0.00%, Promissory Notes
Long-Term debt:
Total long-term debt	1,428	2,775
Estimated Fair Value \| Commercial Term Loan
Long-Term debt:
Total long-term debt	29,464	30,088
Estimated Fair Value \| Level 1
Long-Term debt:
Total long-term debt	0	0
Less: unamortized issuance costs	0	0
Estimated Fair Value \| Level 1 \| 0.00%, Promissory Notes
Long-Term debt:
Total long-term debt	0	0
Estimated Fair Value \| Level 1 \| Commercial Term Loan
Long-Term debt:
Total long-term debt	0	0
Estimated Fair Value \| Level 2
Long-Term debt:
Total long-term debt	0	0
Less: unamortized issuance costs	0	0
Estimated Fair Value \| Level 2 \| 0.00%, Promissory Notes
Long-Term debt:
Total long-term debt	0	0
Estimated Fair Value \| Level 2 \| Commercial Term Loan
Long-Term debt:
Total long-term debt	0	0
Estimated Fair Value \| Level 3
Long-Term debt:
Total long-term debt	26,505	30,050
Less: unamortized issuance costs	(4,387)	(2,813)
Estimated Fair Value \| Level 3 \| 0.00%, Promissory Notes
Long-Term debt:
Total long-term debt	1,428	2,775
Estimated Fair Value \| Level 3 \| Commercial Term Loan
Long-Term debt:
Total long-term debt	29,464	30,088
Carrying Value
Long-Term debt:
Long-term debt	27,613	33,687
Less: unamortized issuance costs	(4,387)	(2,813)
Carrying Value \| 0.00%, Promissory Notes
Long-Term debt:
Long-term debt	1,000	2,500
Carrying Value \| Commercial Term Loan
Long-Term debt:
Long-term debt	$ 31,000	$ 34,000

Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Restricted cash and cash equivalents	$ 798	$ 786
Variable Interest Entity [Member]
Restricted cash and cash equivalents	$ 1,015,713	$ 480,972

Loss and Loss Adjustment Expenses (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Loss and Loss Adjustment Expenses [Abstract]
Prior Year Development Changes	$ 18,000	$ 33,515	$ 18,000	$ 55,135

Loss and Loss Adjustment Expenses - Summary of Activity related to the loss and LAE reserves (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]
Balances, beginning of period	$ 501,020	$ 571,812	$ 439,715	$ 595,487
Less reinsurance recoverables	115,205	240,241	146,128	341,051
Net balances, beginning of period	385,815	331,571	293,587	254,436
Incurred related to:
Current year	119,315	66,755	339,128	263,505
Prior years	(18,000)	(33,515)	(18,000)	(55,135)
Total incurred	101,315	33,240	321,128	208,370
Paid related to:
Current year	83,057	36,191	140,953	72,140
Prior years	6,272	12,600	75,961	74,646
Total paid	89,329	48,791	216,914	146,786
Net balances, end of period	397,801	316,020	397,801	316,020
Plus reinsurance recoverables	106,069	207,939	106,069	207,939
Balances at June 30	$ 503,870	$ 523,959	$ 503,870	$ 523,959

Deferred Policy Acquisition Costs - Summary of Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Deferred Policy Acquisition Costs Disclosures [Abstract]
Beginning balance	$ 100,687	$ 71,458	$ 93,728	$ 65,046
Policy acquisition costs deferred	55,770	57,268	149,135	124,349
Less: Amortization	(46,194)	(36,393)	(132,600)	(97,062)
Ending balance	$ 110,263	$ 92,333	$ 110,263	$ 92,333

- Definition

Amount of amortization expense (reversal of expense) for deferred policy acquisition costs.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Section 65
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
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-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479401/944-30-55-2

Reference 7: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 944
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-Section 50
-Paragraph 2
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 30
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
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-Publisher FASB
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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-Topic 220
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-Section 50
-Paragraph 22
-Subparagraph (u)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-22

+ Details

- Definition

Amount of deferred policy acquisition cost capitalized on contract remaining in force.

+ References + Details

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2026	Oct. 29, 2026
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2026
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001886428
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-42707
Entity Registrant Name	Slide Insurance Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-1554861
Entity Address, Address Line One	4221 W. Boy Scout Blvd.
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33607
City Area Code	813
Local Phone Number	748-2030
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	SLDE
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		117,248,652
Entity Shell Company	false

Income Taxes

9 Months Ended

Sep. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes

The Company recorded income tax expense of $23,516 and $113,275 for the three and nine months ended September 30, 2026 and $36,018 and $93,647 for the three and nine months ended September 30, 2025, respectively. The income tax expense resulted in an effective tax rate of 14.5% and 21.5% for the three and nine months ended September 30, 2026 and 24.5% and 25.5% for the three and nine months ended September 30, 2025, respectively. The decrease in the effective income tax rate was primarily due to the favorable treatment of stock options and the benefit of purchasing tax credits in the current period. Company’s estimated annual effective tax rate differs from the statutory federal tax rate due to state income taxes as well as certain nondeductible and tax-exempt items.

In September of 2026, the Company purchased $88.9 million of transferable Section 45x advanced manufacturing production tax credits for $73.8 million to reduce our federal tax liability.

In September of 2025, the Company purchased $67.9 million of transferable Section 45x advanced manufacturing production tax credits for $65.4 million to reduce our federal tax liability.

On July 4, 2025, the United States enacted the One Big Beautiful Bill Act (“OBBBA”), which, among other provisions, permanently restores 100% bonus depreciation and modifies the limitation on business-interest expense under §163(j) to be based on taxable income before interest, amortization, and depreciation. OBBA did not have a material impact on the effective tax rate.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Reinsurance

9 Months Ended

Sep. 30, 2026

Insurance [Abstract]

Reinsurance

Certain premiums and losses are ceded to other insurance companies under various excess of loss reinsurance agreements. The ceded reinsurance agreements are intended to provide the Company with the ability to maintain its exposure to losses within its capital resources.

These reinsurance agreements do not relieve the Company from its primary obligation to policyholders, as it remains liable to its policyholders to the extent that any reinsurer does not meet its obligations for reinsurance ceded to it under reinsurance contracts. Therefore, the Company is subject to credit risk with respect to the obligations of its reinsurers, and any failure on the part of these reinsurers could have a material adverse effect on the Company’s business, financial condition and results of operations.

Effective June 1, 2026, the Company entered into a per risk excess of loss treaty for its personal residential property business retaining $0.7 million on each property risk and ceding the next $4.3 million of loss. The per risk excess of loss treaties cover 100% of all losses except those related to named storms. These treaties are effective until May 31, 2027.

Effective June 1, 2026, the Company entered into a facultative excess of loss reinsurance contract for its personal residential property business which provides $7 million of coverage in excess of $5 million for each loss, each risk. The reinsurer’s total liability per occurrence is capped at $14 million.

For the treaty period June 1, 2026 through May 31, 2027, the catastrophe excess of loss reinsurance agreement has a total aggregate reinsurance limit of $5,463 million and first event coverage of $3,981 million.

Effective October 29, 2025, the Company entered into a per risk excess of loss treaty for its commercial residential property business retaining $1 million on each risk and ceding the next $9 million of loss. The per risk excess of loss treaties cover 100% of all losses except those related to named storms. These treaties are effective until November 1, 2026.

Effective November 1, 2025, the Company entered into a facultative excess of loss reinsurance contract for its commercial residential property business which provides $65 million of coverage in excess of $10 million for each loss, each risk. Like the per risk treaty, the facultative contract does not cover losses related to named storms. These treaties are effective until May 31, 2027.

For the state of California effective June 1, 2026, the Company entered into a per risk excess of loss treaty for its personal residential property business retaining $0.7 million on each risk and ceding the next $2.8 million of loss. The per risk excess of loss treaties cover 100% of all losses except those related to named storms. These treaties are effective until May 31, 2027.

To minimize the Company’s exposure to losses from catastrophes, primarily hurricanes, the Company has entered into a catastrophe excess of loss agreement, and is required to participate in the Florida Hurricane Catastrophe Fund (“FHCF”).

The catastrophe excess of loss agreement has a corridor through it, whereby the FHCF picks up 90% of losses and the catastrophe layers pick up the remaining 10%. Effective June 1, 2026, the mandatory FHCF layer is estimated to be 90% of $1,632.6 million, excess of $935.2 million. Premium for this coverage is estimated to be $116.4 million. The ultimate net loss for each of the above layers will include any recoveries from the FHCF or so deemed. The FHCF provides catastrophe coverage for named hurricanes up to a maximum limit of 90% of the amount of ultimate losses in the layer, as determined by a premium

formula. The Company’s maximum projected payout from the FHCF is estimated to be $1,469.3 million, with a retention of $935.2 million.

Effective June 1, 2025, the Company entered into a per risk excess of loss treaty for its personal residential property business retaining $0.7 million on each property risk and ceding the next $4.3 million of loss. The per risk excess of loss treaties cover 100% of all losses except those related to named storms. These treaties are effective until May 31, 2026.

Effective June 1, 2025, the Company entered into a facultative excess of loss reinsurance contract for its personal residential property business which provides $7 million of coverage in excess of $5 million for each loss, each risk. The reinsurer’s total liability per occurrence is capped at $14 million.

For the treaty period June 1, 2025 through May 31, 2026, the catastrophe excess of loss reinsurance agreement has a total aggregate reinsurance limit of $3,304 million and first event coverage of $2,557 million.

The catastrophe excess of loss agreement has a corridor through it, whereby the FHCF picks up 90% of losses and the catastrophe layers pick up the remaining 10%. Effective June 1, 2025, the mandatory FHCF layer is estimated to be 90% of $961.8 million, excess of $540.3 million. Premium for this coverage is estimated to be $69,180. The ultimate net loss for each of the above layers will include any recoveries from the FHCF or so deemed. The FHCF provides catastrophe coverage for named hurricanes up to a maximum limit of 90% of the amount of ultimate losses in the layer, as determined by a premium formula. The Company’s maximum projected payout from the FHCF is estimated to be $865.6 million, with a retention of $540.3 million.

Effective October 29, 2024, the Company entered into a per risk excess of loss treaty for its commercial residential property business retaining $1 million on each risk and ceding the next $9 million of loss. The per risk excess of loss treaties cover 100% of all losses except those related to named storms. These treaties expired on November 1, 2025.

Effective October 29, 2024, the Company entered into a facultative excess of loss reinsurance contract for its commercial residential property business which provides $50 million of coverage in excess of $10 million for each loss, each risk. Like the per risk treaty, the facultative contract does not cover losses related to named storms. These treaties expired on November 1, 2025.

Subsequent Events

9 Months Ended

Sep. 30, 2026

Subsequent Events [Abstract]

Subsequent Events

19.

Subsequent Events

The Company performed an evaluation of subsequent events through October 29, 2026, the date the consolidated financial statements were issued, and determined there were no recognized or unrecognized subsequent events, other than those listed below, that would require an adjustment or additional disclosure in the consolidated financial statements as of September 30, 2026.

On October 9, 2026, Hurricane Isaias made landfall near Destin, Florida as a Category 2 hurricane. We are still evaluating the overall impact on net losses and do not expect the impact to be material to the financial statements.

On October 26, 2026, Slide Insurance Holdings, Inc. (the “Company”) entered into a $1.072 billion Credit Agreement (the “Credit Agreement”) with a syndicate of financial institutions, including The Huntington National Bank, as administrative agent, collateral agent, issuing bank and swingline lender, and certain other lenders party thereto. The Credit Agreement provides for a $670 million revolving credit facility and a $402 million delayed draw term loan facility. The Credit Agreement replaced the Company’s existing amended and restated credit agreement, dated as of June 25, 2024 (as amended, including by the Third Amendment dated July 27, 2026), with Regions Bank as administrative agent, which provided for, among other things, a revolving credit facility of $530.4 million, and which was terminated in connection with the closing of the Credit Agreement. The interest rates applicable to loans under the Credit Agreement are based on a base rate plus a specified margin or Term SOFR plus a specified margin. The applicable margins vary based on the Company’s Consolidated Total Leverage Ratio and range from 2.00% to 2.75% for base rate loans and from 3.00% to 3.75% for SOFR loans. The Credit Agreement contains customary affirmative and negative covenants, including financial covenants, as well as customary events of default. Unless terminated earlier by the Company, the Credit Agreement is scheduled to mature on October 26, 2031. Borrowings under the Credit Agreement may be used for general corporate purposes of the Company and its subsidiaries, including to refinance existing indebtedness and to support organic and inorganic growth initiatives. Pursuant to the terms of the Credit Agreement, the Company has the ability to request increases to the revolving commitments and/or additional incremental term loans, subject to the agreement of existing or new lenders to provide such incremental commitments and the satisfaction of certain conditions, including compliance.

Additionally, on October 27, 2026, the Board of Directors approved a quarterly cash dividend of $0.07 per common share and a one-time special dividend of $1.50 per common share. The dividends will be payable on November 30, 2026, to shareholders of record as of the close of business on November 23, 2026. Any decision to declare and pay dividends in the future will be made at the sole discretion of our Board, whose decision will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our Board may deem relevant.

Basic and Diluted Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Basic earnings per share:
Net income attributable to common stockholders	$ 138,230	$ 110,997	$ 412,607	$ 273,572
Weighted average shares outstanding - Basic	116,759	125,249	118,478	83,126
Basic earnings per share	$ 1.18	$ 0.89	$ 3.48	$ 3.29
Impact of convertible preferred stock	0	0	0	31,615
Impact of vested and unvested common stock options	9,326	13,104	10,719	13,230
Impact of RSU awards	1,043	1,760	1,141	1,945
Weighted average shares outstanding - Diluted	127,128	140,113	130,338	129,916
Diluted weighted average common shares outstanding	116,759	125,249	118,478	83,126
Diluted earnings per share	$ 1.09	$ 0.79	$ 3.17	$ 2.11

Investments

9 Months Ended

Sep. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Investments

Available-for-Sale Fixed-Maturity Securities


	September 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. government and agencies	$	202,288	$	9	$	(5,601	)	$	196,696
States, municipalities and political subdivisions		268,691		43		(10,751	)	$	257,983
Corporate Bonds		303,335		236		(13,065	)	$	290,506
Asset-Backed Securities		79,674		0		(5,541	)	$	74,133
	$	853,988	$	288	$	(34,958	)	$	819,318


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
U.S. government and agencies	$	155,600	$	2,011	$	(36	)	$	157,575
States, municipalities and political subdivisions		203,485		3,948		(159	)	$	207,274
Corporate Bonds		171,501		3,689		(183	)	$	175,007
Asset-Backed Securities		49,536		333		(5	)	$	49,864
	$	580,122	$	9,981	$	(383	)	$	589,720

The amortized cost and estimated fair value of investments in fixed-maturity securities at September 30, 2026 and December 31, 2025, by contractual maturity, are shown below.


	September 30, 2026				December 31, 2025
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
In one year or less	$	41,895	$	41,894	$	48,155	$	48,353
After one year through five years		370,850		363,496		303,205		309,550
After five years through 10 years		336,558		316,926		165,622		168,346
After 10 years		104,685		97,002		63,140		63,471
	$	853,988	$	819,318	$	580,122	$	589,720

Actual maturities may differ from contractual maturities, as the issuers of the securities may have the right to call or prepay obligations with or without penalty.


	September 30, 2026
	Less than 12 months					More than 12 months					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
U.S. government and agencies	$	177,462	$	(5,591	)	$	1,237	$	(10	)	$	178,699	$	(5,601	)
States, municipalities and political subdivisions		238,313		(10,591	)		1,881		(160	)		240,194		(10,751	)
Corporate Bonds		252,116		(13,063	)		248		(2	)		252,364		(13,065	)
Asset-Backed Securities		74,132		(5,541	)		—		—			74,132		(5,541	)
	$	742,023	$	(34,786	)	$	3,366	$	(172	)	$	745,389	$	(34,958	)

A total of 405 securities had unrealized losses at September 30, 2026. The Company’s unrealized losses relate to its portfolio of fixed-maturity securities. The Company’s unrealized losses on its fixed maturity securities were caused by market interest rate changes. The Company regularly reviews its individual investment securities for credit impairment. The Company considers various factors in determining whether a credit loss exists for each individual security, including:

•

the financial condition and near-term prospects of the issuer, including any specific events that may affect its operations or earnings;

•

the extent to which the market value of the security has been below its cost or amortized cost;

•

general market conditions and industry or sector specific factors and other qualitative factors;

•

nonpayment by the issuer of its contractually obligated interest and principal payments; and

•

the Company’s intent and ability to hold the investment for a period of time sufficient to allow for the recovery of costs.

For the nine months ended September 30, 2026, the Company did not recognize a credit loss expense related to fixed-maturity securities in the consolidated statements of income.


	December 31, 2025
	Less than 12 months					More than 12 months					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
U.S. government and agencies	$	15,712	$	(28	)	$	1,733	$	(8	)	$	17,445	$	(36	)
States, municipalities and political subdivisions		26,538		(133	)		2,518		(26	)		29,056		(159	)
Corporate Bonds		38,937		(180	)		1,241		(3	)		40,178		(183	)
Asset-Backed Securities		2,439		(5	)		—		—			2,439		(5	)
	$	83,626	$	(346	)	$	5,492	$	(37	)	$	89,118	$	(383	)

A total of 61 securities had unrealized losses at December 31, 2025. The Company’s unrealized losses relate to its portfolio of fixed-maturity securities. The Company’s unrealized losses on its fixed-maturity securities were caused by interest rate changes. The Company regularly reviews its individual investment securities for credit impairment. The Company considers various factors in determining whether a credit loss exists for each individual security, including:

•

the financial condition and near-term prospects of the issuer, including any specific events that may affect its operations or earnings;

•

the extent to which the market value of the security has been below its cost or amortized cost;

•

general market conditions and industry or sector specific factors and other qualitative factors;

•

nonpayment by the issuer of its contractually obligated interest and principal payments; and

•

the Company’s intent and ability to hold the investment for a period of time sufficient to allow for the recovery of costs.

For the year ended December 31, 2025, the Company did not recognize a credit loss expense related to fixed-maturity securities in the consolidated statements of income.

Proceeds from maturities, and redemptions of fixed-maturities securities were $55,813 and $76,950 for the nine months ended September 30, 2026 and 2025, respectively, with realized gross gains (losses) of $(11) and $4 on these sales, maturities, and redemptions respectively.

At September 30, 2026 and December 31, 2025, the Company had restricted cash and cash equivalents of $1,016,511 and $481,758, respectively, consisting of funds on deposit with regulatory authorities, as required by law and funds held in trust by the VIE where the Company is the primary beneficiary.

Equity Securities


	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
September 30, 2026	$	24,473	$	411	$	(1,102	)	$	23,782
December 31, 2025	$	-	$	-	$	-		$	-

Proceeds from maturities, and redemptions of equity securities were $596 and $0 for the nine months ended September 30, 2026 and 2025, respectively, with realized gross losses of $54 and $0 on these sales, maturities, and redemptions respectively.

Net Investment Income

Major categories of net investment income, excluding realized gains, are summarized as follows:


	Three Months Ended September 30,					Nine Months Ended September 30,
	2026			2025		2026			2025
Income:
Available-for-sale fixed-maturity securities	$	9,963		$	5,666	$	27,104		$	16,551
Equity securities	$	35			-	$	35			-
Equity securities unrealized loss	$	(691	)		-	$	(691	)		-
Equity securities realized loss	$	(54	)		-	$	(54	)		-
Cash and cash equivalents		14,716			13,542		40,324			31,704
Other investments		251			106		450			339
Total investment income	$	24,220		$	19,314	$	67,168		$	48,594
Investment expenses		383		$	221		1,062			653
Net investment income	$	23,837		$	19,093	$	66,106		$	47,941

Loss and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 30, 2026

Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]

Summary of Activity Related Loss Text Block

Activity related to the loss and LAE reserves are summarized as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
Balances, beginning of period	$	501,020		$	571,812		$	439,715		$	595,487
Less reinsurance recoverables		115,205			240,241			146,128			341,051
Net balances, beginning of period		385,815			331,571			293,587			254,436
Incurred related to:
Current year		119,315			66,755			339,128			263,505
Prior years		(18,000	)		(33,515	)		(18,000	)		(55,135	)
Total incurred	$	101,315		$	33,240		$	321,128		$	208,370
Paid related to:
Current year		83,057			36,191			140,953			72,140
Prior years		6,272			12,600			75,961			74,646
Total paid	$	89,329		$	48,791		$	216,914		$	146,786
Net balances, end of period		397,801			316,020			397,801			316,020
Plus reinsurance recoverables		106,069			207,939			106,069			207,939
Balances at September 30	$	503,870		$	523,959		$	503,870		$	523,959

Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2026

Stockholders' Equity Note [Abstract]

Schedule of Cash Dividends Declared on Common StocK

For the nine months ended September 30, 2026, the Company paid the following cash dividends on common stock:


Declaration Date	Date of Record	Payment Date	Per Share Amount		Aggregate Amount Paid
7/27/2026	8/14/2026	8/28/2026	$	0.07	$	8,184
		Total	$	0.07	$	8,184

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 138,230	$ 110,997	$ 412,607	$ 273,572
Other comprehensive income:
Unrealized gains (losses) on securities	(32,475)	2,034	(44,268)	8,768
Other comprehensive gain (loss), before tax	(32,475)	2,034	(44,268)	8,768
Income tax expense on other comprehensive gain (loss) on investments	(7,689)	591	(10,682)	2,299
Income tax expense on other comprehensive gain (loss)	(7,689)	591	(10,682)	2,299
Other comprehensive gain (loss)	(24,786)	1,443	(33,586)	6,469
Comprehensive income	$ 113,444	$ 112,440	$ 379,021	$ 280,041

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482705/350-40-65-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479719/606-10-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
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+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

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+ Details

Basic and Diluted Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Basic earnings per share:
Net income attributable to common stockholders	$	138,230	$	110,997	$	412,607	$	273,572
Weighted average shares outstanding		116,759		125,249		118,478		83,126
Basic earnings per share	$	1.18	$	0.89	$	3.48	$	3.29
Diluted earnings per share:
Net income attributable to common stockholders	$	138,230	$	110,997	$	412,607	$	273,572
Weighted average shares outstanding		116,759		125,249		118,478		83,126
Add effect of dilutive securities
Impact of convertible preferred stock		—		—		—		31,615
Impact of vested and unvested common stock options		9,326		13,104		10,719		13,230
Impact of RSU awards		1,043		1,760		1,141		1,945
Diluted weighted average common shares outstanding		127,128		140,113		130,338		129,916
Diluted earnings per share	$	1.09	$	0.79	$	3.17	$	2.11

Nature of Business and Significant Accounting Policies (Additional Information) (Details) $ / shares in Units, $ in Thousands			3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 25, 2025 USD ($) shares	Jun. 18, 2025 USD ($) $ / shares shares	Sep. 30, 2026 USD ($) Number $ / shares shares	Sep. 30, 2025 USD ($) Number	Sep. 30, 2026 USD ($) Segment Number $ / shares shares	Sep. 30, 2025 USD ($) Number	Dec. 31, 2025 USD ($) Number $ / shares shares	Apr. 28, 2026 USD ($)	Mar. 23, 2026 USD ($) shares	Nov. 04, 2025 USD ($)	Aug. 26, 2025 USD ($)	Dec. 31, 2024 $ / shares shares
Subsidiary, Sale of Stock [Line Items]
Common stock, Shares authorized			1,500,000,000		1,500,000,000		1,500,000,000
Common stock, Par value \| $ / shares		$ 0.01	$ 0.01		$ 0.01		$ 0.01
Common stock, Shares issued			117,320,564		117,320,564		123,889,446
Common stock, Shares outstanding			117,320,564		117,320,564		123,889,446
Common stock, Sale of Stock, Number of Shares Issued in Transaction		7,300,000
Share Repurchase Program, Authorized, Amount \| $								$ 100,000	$ 125,000
Number Of Policies Assumed \| Number			10,050	13,711	47,718	40,082	191,850
Annualized Gross Premiums \| $			$ 506,576	$ 463,394	$ 1,429,382	$ 1,177,027
Assumed Premiums Written \| $			$ 34,900	$ 33,100	$ 154,300	$ 138,000	$ 595,000
Number of reportable segments \| Segment					1
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, Shares authorized		1,500,000,000	1,500,000,000		1,500,000,000							40,000,000
Common stock, Par value \| $ / shares		$ 0.01	$ 0.01		$ 0.01							$ 0.01
Share Repurchase Program, Authorized, Amount \| $										$ 45,000	$ 75,000
Stock repurchased \| $			$ 0		$ 190,900
Number of shares repurchased			0		10,722,220
Share Repurchase Program, Authorized, Number of Shares									120,000,000
Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Preferred stock, Shares authorized		150,000,000	20,000,000		20,000,000							20,000,000
Preferred stock, Par value \| $ / shares		$ 0.01	$ 0.01		$ 0.01							$ 0.01
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, Shares issued	3,600,000	24,000,000
Common stock, Sale of Stock, Number of Shares Issued in Transaction		16,700,000
Public Offering price \| $ / shares		$ 17
Gross proceeds from sale of equity \| $	$ 469,200	$ 408,000
Proceeds net of underwriting dicsounts received \| $		263,500
Proceeds of commissions received \| $		19,800
Proceeds from exercise of stock options \| $		$ 0
IPO [Member] \| Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, Sale of Stock, Number of Shares Issued in Transaction		24,000,000
Stockholders [Member] \| IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, Sale of Stock, Number of Shares Issued in Transaction		7,300,000
FLOIR [Member]
Subsidiary, Sale of Stock [Line Items]
Number Of Policies Assumed \| Number			15,100	15,000	146,700	281,150	457,150

Basic and Diluted Earnings Per Share

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Share

Basic and Diluted Earnings Per Share (shares reported in thousands)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Basic earnings per share:
Net income attributable to common stockholders	$	138,230	$	110,997	$	412,607	$	273,572
Weighted average shares outstanding		116,759		125,249		118,478		83,126
Basic earnings per share	$	1.18	$	0.89	$	3.48	$	3.29
Diluted earnings per share:
Net income attributable to common stockholders	$	138,230	$	110,997	$	412,607	$	273,572
Weighted average shares outstanding		116,759		125,249		118,478		83,126
Add effect of dilutive securities
Impact of convertible preferred stock		—		—		—		31,615
Impact of vested and unvested common stock options		9,326		13,104		10,719		13,230
Impact of RSU awards		1,043		1,760		1,141		1,945
Diluted weighted average common shares outstanding		127,128		140,113		130,338		129,916
Diluted earnings per share	$	1.09	$	0.79	$	3.17	$	2.11

The Company does not have any anti-dilutive shares for the three and nine months ended September 30, 2026 and 2025, respectively.

Fair Value of Financial Assets and Liabilities

9 Months Ended

Sep. 30, 2026

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities

Valuation Hierarchy

The FASB established a valuation hierarchy for disclosure of the inputs used to measure estimated fair value. This hierarchy categorizes the inputs into three broad levels as follows:

•

Level 1 inputs to the valuation methodology are unadjusted quoted prices in active markets for identical assets or liabilities.

•

Level 2 inputs to the valuation methodology are quoted prices for similar assets or liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

•

Level 3 inputs are unobservable inputs that are supported by little or no market activity and are significant to the determination of estimated fair value of the assets or liabilities. Unobservable inputs reflect the entity’s assumptions about the assumptions that market participants would use in pricing the asset or liability.

The following table presents by level the financial assets carried at estimated fair value measured on a recurring basis as of September 30, 2026 and December 31, 2025. The table does not include assets which are measured at historical cost or any basis other than estimated fair value.



	Level 1		Level 2		Level 3		Estimated Fair Value
Assets:
Cash and cash equivalents	$	700,575	$	—	$	—	$	700,575
Restricted cash and cash equivalents		798		—		—		798
Restricted cash and cash equivalents - variable interest entity		1,015,713		—		—		1,015,713
Fixed-maturity securities		464,541		354,777		—		819,318
Equity securities		23,782		—		—		23,782
	$	2,205,409	$	354,777	$	—	$	2,560,186
Liabilities:
Interest rate swap	$	—	$	—	$	—	$	—



	Level 1		Level 2		Level 3		Estimated Fair Value
Assets:
Cash and cash equivalents	$	1,201,210	$	—	$	—	$	1,201,210
Restricted cash and cash equivalents		786		—		—		786
Restricted cash and cash equivalents - variable interest entity		480,972		—		—		480,972
Fixed-maturity securities		317,620		272,100		—		589,720
	$	2,000,588	$	272,100	$	—	$	2,272,688
Liabilities:
Interest rate swap	$	—	$	—	$	62	$	62

A financial instrument’s classification within the valuation hierarchy is based upon the lowest level of input that is significant to the estimated fair value measurement; consequently, if there are multiple significant valuation inputs that are categorized in different levels of the hierarchy, the instrument’s hierarchy level is the lowest level within which any significant input falls.

The Level 1 category includes cash and cash equivalents, restricted cash and cash equivalents, equity securities, money market securities, certificates of deposit, U.S. treasury bonds, and corporate bonds.

The Level 2 category generally includes municipal bonds, agency bonds, and asset-backed securities. The estimated fair value of fixed-maturity investments included in the Level 2 category was based on the market values obtained from pricing services.

When observable inputs are not available, the market standard valuation methodologies for determining the estimated fair value of certain types of securities that trade infrequently, and therefore have little or no price transparency, rely on inputs that are significant to the estimated fair value that are not observable in the market, or which cannot be derived principally from or corroborated by observable market data. These unobservable inputs can be based in large part on management’s judgment or estimation and cannot be supported by reference or market activity. Generally, these investments are classified as Level 3.

Other Financial Instruments

The Company uses various financial instruments in the normal course of its business. In the measurement of the estimated fair value of certain financial instruments, other valuation techniques were utilized if quoted market prices were not available. These derived fair value estimates are significantly affected by the assumptions used. Additionally, excluded from the scope of financial instruments are certain financial instruments, including those related to insurance contracts, pension and other postretirement benefits, and equity method investments.

In estimating the fair value of the financial instruments presented, the Company used the following methods and assumptions:

Cash and Cash equivalents

The carrying amount is a reasonable estimate of fair value, due to the short-term maturity of these investments. These assets are considered to be Level 1 assets.

Restricted cash and cash equivalents and Restricted cash and cash equivalents - variable interest entity

Restricted cash and cash equivalents represents cash held by state authorities and the carrying value approximates fair value. Restricted cash and cash equivalents -variable interest entity represents cash held in trust by the VIE where the Company is the primary beneficiary and the carrying value approximates fair value. These assets are considered to be Level 1 assets.

Fixed-Maturity Securities

Fixed-Maturity securities represent investments held at fair value in U.S. government and agencies, municipalities and political subdivisions, corporate bonds, states, and asset-backed securities. These assets are considered to be Level 1 and Level 2 assets based on readily available pricing and observable inputs.

Equity Securities

Equity securities held at fair value are considered to be Level 1 assets due to active exchange price for identical securities.

Long-Term Debt

The following table summarizes components of the Company’s long-term debt and methods used in estimating their fair values:


	Maturity Date	Valuation Methodology
Promissory Notes, 0.00%	2027	Discounted cash flow method, Level 3 inputs
Commercial Loan, variable rate of interest	2029	Discounted cash flow method, Level 3 inputs

The following tables present fair value information for liabilities that are carried on the condensed consolidated balance sheets at amounts other than fair value as of September 30, 2026 and December 31, 2025:


	Fair Value Measurements Using
As of September 30, 2026	Carrying Value or Amortized Cost			Level 1		Level 2		Level 3			Estimated Fair Value
Financial Liabilities:
Long-Term debt:
0.00% Promissory notes	$	1,000		$	—	$	—	$	1,428		$	1,428
Commercial Loan		31,000			—		—		29,464			29,464
Less: unamortized issuance costs		(4,387	)		—		—		(4,387	)		(4,387	)
	$	27,613		$	—	$	—	$	26,505		$	26,505


	Fair Value Measurements Using
As of December 31, 2025	Carrying Value or Amortized Cost			Level 1		Level 2		Level 3			Estimated Fair Value
Financial Liabilities:
Long-Term debt:
0.00% Promissory notes	$	2,500		$	—	$	—	$	2,775		$	2,775
Commercial Loan		34,000			—		—		30,088			30,088
Less: unamortized issuance costs		(2,813	)		—		—		(2,813	)		(2,813	)
	$	33,687		$	—	$	—	$	30,050		$	30,050

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Deferred Policy Acquisition Costs (Tables)

9 Months Ended

Sep. 30, 2026

Deferred Policy Acquisition Costs Disclosures [Abstract]

Summary of Deferred Policy Acquisition Costs


	Three Months Ended September 30,						Nine Months Ended September 30,
	September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
Beginning balance	$	100,687		$	71,458		$	93,728		$	65,046
Policy acquisition costs deferred		55,770			57,268			149,135			124,349
Less: Amortization		(46,194	)		(36,393	)		(132,600	)		(97,062	)
Ending balance	$	110,263		$	92,333		$	110,263		$	92,333

Leases (Tables)

9 Months Ended

Sep. 30, 2026

Leases [Abstract]

Schedule of components of lease costs

The components of lease costs were as follows for the respective years:


	September 30, 2026			September 30, 2025
Operating lease cost, include in General and Administrative expenses on the Consolidated Statements of Operations	$	2,045		$	1,629
Right-of-use lease asset and Lease liability was as follows:
Right-of-use asset		7,194			8,913
Lease liability		8,463			9,975
Supplemental cash flow information related to our operating leases as follows:
Right-of-use asset		1,282			(522	)
Lease liability		(1,186	)		911
Weighted-average lease term and discount rate for our operating lease was as follows:
Weighted-average remaining lease term
Operating lease	3.66 years			4.54 years
Weighted-average discount rate
Operating lease		5.50	%		5.51	%

Schedule of future lease payments, operating lease

Future lease payments for the operating lease were as follows as of September 30, 2026:


2026 (remaining)		604
2027		2,465
2028		2,534
2029		2,605
Thereafter		1,123
Total lease payments		9,331
Less: imputed interest		868
Present value of lease liability	$	8,463

Fair Value of Financial Assets and Liabilities - Financial Assets Carried at Estimated Fair Value Measured on a Recurring Basis (Details) - Fair Value Measurements Recurring - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	$ 2,560,186	$ 2,272,688
Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of liabilities	0	62
Cash And Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	700,575	1,201,210
Restricted cash and cash equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	798	786
Restricted cash and cash equivalents - variable interest entity [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	1,015,713	480,972
Fixed-maturity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	819,318	589,720
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	23,782
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	2,205,409	2,000,588
Level 1 \| Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of liabilities	0	0
Level 1 \| Cash And Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	700,575	1,201,210
Level 1 \| Restricted cash and cash equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	798	786
Level 1 \| Restricted cash and cash equivalents - variable interest entity [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	1,015,713	480,972
Level 1 \| Fixed-maturity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	464,541	317,620
Level 1 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	23,782
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	354,777	272,100
Level 2 \| Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of liabilities	0	0
Level 2 \| Cash And Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	0
Level 2 \| Restricted cash and cash equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	0
Level 2 \| Restricted cash and cash equivalents - variable interest entity [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	0
Level 2 \| Fixed-maturity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	354,777	272,100
Level 2 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	0
Level 3 \| Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of liabilities	0	62
Level 3 \| Cash And Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	0
Level 3 \| Restricted cash and cash equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	0
Level 3 \| Restricted cash and cash equivalents - variable interest entity [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	0
Level 3 \| Fixed-maturity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	0	$ 0
Level 3 \| Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of assets	$ 0

Fair Value of Financial Assets and Liabilities - Long-Term Debt and Methods (Details)	9 Months Ended
	Sep. 30, 2026
0.00%, Promissory Notes
Debt Instrument [Line Items]
Maturity Date	2027
Valuation Methodology	Discounted cash flow method, Level 3 inputs
Commercial Loan, Variable Rate of Interest
Debt Instrument [Line Items]
Maturity Date	2029
Valuation Methodology	Discounted cash flow method, Level 3 inputs

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Affiliate Transactions (Additional Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2026	Sep. 30, 2025
Related Party Transactions [Abstract]
Amounts Of Transaction	$ 0	$ 0

Investments (Additional Information) (Details) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2026 USD ($) Number	Sep. 30, 2025 USD ($)	Dec. 31, 2025 USD ($) Number
Debt Securities, Available-for-Sale [Line Items]
Credit loss expense related to fixed-maturity securities			$ 0
Proceeds from maturities, and redemptions of fixed-maturities securities	$ 55,813	$ 76,950
Realized gross gains on sale of fixed-maturities securities	$ (11)	4
Number of Securities had Unrealized Losses \| Number	405		61
Proceeds from maturity of payments, Equity securities	$ 596	0
Equity securities realized gain loss	54	$ 0
VIE Primary Beneficiary [Member]
Debt Securities, Available-for-Sale [Line Items]
Restricted cash and cash equivalents	$ 1,016,511		$ 481,758

- Definition

Amount of cash and cash equivalent restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stock-based Compensation

9 Months Ended

Sep. 30, 2026

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

17.

Stock-based Compensation

On September 30, 2026 and 2025, the Company has two share-based compensation plans, the 2021 Equity Compensation Plan (the “Stock Plan”) and the 2025 Omnibus Incentive Plan (the “2025 Plan”), and one share-based compensation plan, the Stock Plan, respectively.

The compensation cost that has been charged against income for the plans was $3,456 and $9,952 for the three and nine months ended September 30, 2026, and $2,956 and $8,970 for the three and nine months ended September 30, 2025, respectively. The total income tax benefit recognized in the income statement for share-based compensation arrangements was $501 and $2,140 for the three and nine months ended September 30, 2026, and $724 and $2,287 for the three and nine months ended September 30, 2025.

The Stock Plan permits the awarding of common stock share options to its employees and strategic advisors for up to 16,985,293 shares. Option awards were generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant and vest based on three- to five-year vesting schedules. The fair value of each option award is estimated on the grant date using a Black-Scholes model. The compensation expense for the shares is recognized over the requisite service period for the employee. There were 40,000 and 0 options granted during the nine months ended September 30, 2026 and 2025.

As part of the IPO, the Company adopted the 2025 Plan, effective as of June 18, 2025. The 2025 Plan permits the awarding of common stock share options and restricted stock units for up to 12.0 million shares. There have been 500.4 thousand restricted shares and options issued as of September 30, 2026.

A summary of option activity under the Stock Plan as of September 30, 2026 and September 30, 2025, respectively, and changes during the year then ended is presented below:


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at June 30, 2026		10,854	$	0.79
Granted		40		21.48
Exercised		1,664		0.41
Forfeited or expired		—		—
Outstanding at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Vested or expected to vest at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Exercisable at September 30, 2026		8,371	$	0.79		5.96	$	180,173


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at June 30, 2025		14,074	$	0.84
Granted		—		—
Exercised		262		1.38
Forfeited or expired		41		1.38
Outstanding at September 30, 2025		13,771	$	0.83		6.95	$	207,638
Vested or expected to vest at September 30, 2025		10,930	$	0.74		6.85	$	148,262
Exercisable at September 30, 2025		10,930	$	0.74		6.85	$	148,262


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2026		13,108	$	0.81
Granted		40		21.48
Exercised		3,890		0.74
Forfeited or expired		28		1.38
Outstanding at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Vested or expected to vest at September 30, 2026		9,230	$	0.93		6.00	$	197,340
Exercisable at September 30, 2026		8,371	$	0.79		5.96	$	180,173


Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2025		14,828	$	1.19
Granted		—		—
Exercised		961		1.05
Forfeited or expired		96		1.19
Outstanding at September 30, 2025		13,771	$	0.83		6.95	$	207,638
Vested or expected to vest at September 30, 2025		10,930	$	0.74		6.85	$	148,262
Exercisable at September 30, 2025		10,930	$	0.74		6.85	$	148,262

A summary of the status of the Company’s nonvested options as of September 30, 2026 and 2025, and changes during the three and nine months ended September 30, 2026 and 2025, is presented below:


Nonvested Options	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at June 30, 2026		1,037		0.76
Granted		40		10.48
Vested		280		0.70
Forfeited or expired		—		—
Nonvested at September 30, 2026		797		1.27

Nonvested at June 30, 2025		3,623		0.66
Granted		—		—
Vested		1,126		0.74
Forfeited or expired		41		1.38
Nonvested at September 30, 2025		2,456		0.61


Nonvested Options	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at January 1, 2026		1,629		0.77
Granted		40		10.48
Vested		844		0.74
Forfeited or expired		28		1.38
Nonvested at September 30, 2026		797		1.27

Nonvested at January 1, 2025		4,268		1.36
Granted		—		—
Vested		1,710		0.89
Forfeited or expired		102		1.19
Nonvested at September 30, 2025		2,456		0.61

For the nine months ended September 30, 2026 and 2025, there was $562 and $1,254 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Stock Plan, respectively. The total value of shares vested during the nine months ended September 30, 2026 and 2025 was $434 and $833, respectively.

Included in the tables above are 4.4 million performance-based option shares and 2.2 million performance-based option shares issued by the Company during 2023 and 2021, respectively. These shares vest based upon performance conditions including achievement of specific revenue and EBITDA targets. During the nine months ended September 30, 2026 and 2025, 6.05 million and 5.2 million shares, respectively, vested or were expected to vest from the performance-based shares based on achievement of the specified performance conditions, respectively. The total fair value of the performance shares vested or expected to vest during the months ended September 30, 2026 and 2025 were $4,255 and $3,673, respectively. As of September 30, 2026 and 2025, 550 thousand and 1.4 million of the performance-based options were unvested and had not yet had performance conditions met, with a total value of $485 and $1,067, respectively. The Company has recorded compensation expense, included in general and administrative expense in the Consolidated Statements of Operations and additional paid-in capital in the Consolidated Balance Sheets. The Company believes that it is probable this amount will be paid out, based upon Company performance.

Restricted Stock Awards

From time to time, the Company has granted and may grant restricted stock awards to certain executive officers, other employees and nonemployee directors in connection with their service to the Company. The terms of the Company’s outstanding restricted

stock grant include service conditions. The determination of fair value with respect to the awards containing only service-based conditions is based on the option pricing method of determining the fair value of the Company’s stock on the grant date.

Information with respect to the activity of unvested restricted stock awards during the three and nine months ended September 30, 2026 and 2025 is as follows:


Nonvested Restricted Stock	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at June 30, 2026		1,101		12.98
Granted		—		—
Vested		142		10.78
Forfeited or expired		—		—
Nonvested at September 30, 2026		959		13.30

Nonvested at June 30, 2025		1,822		10.64
Granted		10		14.72
Vested		144		10.64
Forfeited or expired		17		10.64
Nonvested at September 30, 2025		1,671		10.66


Nonvested Restricted Stock	Shares (in thousands)		Weighted- Average Grant-Date
Nonvested at January 1, 2026		1,098		11.28
Granted		335		16.47
Vested		433		10.89
Forfeited or expired		41		10.64
Nonvested at September 30, 2026		959		13.30

Nonvested at January 1, 2025		2,127		10.64
Granted		10		14.72
Vested		432		10.64
Forfeited or expired		34		10.64
Nonvested at September 30, 2025		1,671		10.66

The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $3,357 and $9,622 for the three and nine months ended September 30, 2026, and $2,696 and $8,167 for the three and nine months ended September 30, 2025, respectively. At September 30, 2026 and September 30, 2025, there was approximately $7,507 and $13,584, respectively, of total unrecognized compensation expense related to nonvested restricted stock arrangements. The Company expects to recognize the remaining compensation expense over a weighted-average period of 0.6 years.

The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to stock-based compensation for the nine months ended September 30, 2026 and 2025:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Deferred tax benefits recognized	$	501	$	724	$	2,140	$	2,287
Tax benefits realized for vested stock		103		938		315		1,899
Fair value of vested stock		309,472		172,481		309,472		172,481

Nature of Business and Significant Accounting Policies

9 Months Ended

Sep. 30, 2026

Accounting Policies [Abstract]

Nature of Business and Significant Accounting Policies

Basis of Presentation

The accompanying unaudited consolidated financial statements for the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. As of September 30, 2026, there were no changes in the nature of our significant accounting policies or the application of those policies from those reported in our annual report for the year ended December 31, 2025. These unaudited consolidated financial statements and accompanying notes should be read in conjunction with the Company’s audited consolidated financial statements and accompanying notes for the year ended December 31, 2025.

In preparing these interim financial statements, management has made judgments and estimates about the future, including climate-related risks and opportunities, that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates. The significant judgments made by management in applying the Company’s accounting policies and the key sources of estimation uncertainty were the same as those described in the last annual financial statements.

Nature of Business

Slide Insurance Holdings, Inc. (“SIH” or the “Company”) is a Delaware holding company incorporated on March 2, 2021. The Company was organized for the purpose of holding investments in operating subsidiaries engaged in property and casualty insurance activities. Subsidiaries include:

Slide Insurance Company (“SIC”) – a wholly owned property casualty insurance company licensed in Florida and South Carolina.

Slide MGA, LLC (“SMGA”) – a wholly owned managing general agent that performs policy processing and claims administration for SIC.

Stat Claims Company (“STAT”) – a wholly owned claims administrator.

Trusted Mitigation Contractors (“TMC”) – a wholly owned broker of contractors and loss mitigation service providers.

Slide Reinsurance Holdings, LLC (“Slide Re”) – a wholly owned reinsurance company and owner of the segregated cell (White Rock Insurance, Ltd., account T104).

Slide Technologies, LLC (“Slide Tech”) – a wholly owned subsidiary that will license software developed by the Company. This entity has not begun operations.

SJIG Target, LLC (“SJIG”) – a wholly owned non-operating entity that holds contractual renewal rights to a portion of the policies issued by SIC.

Clegg Insurance Advisors, LLC (“Homefront”) – a wholly owned insurance agency acquired by the Company during 2022.

SIH Technologies, LLP (“Slide India”) – a wholly owned non-operating entity that is in the process of being dissolved.

Slide Specialty Insurance Company (“Slide Specialty" or "SSIC”) – a wholly owned property casualty insurance company licensed in New Hampshire, New Jersey, New York, Rhode Island and South Carolina.

The Law Offices of Jonathan Hall, PLLC ("LOJH") - a wholly owned law firm of insurance staff employees employed by SMGA.

SIC is domiciled in the state of Florida and is a wholly owned subsidiary of SIH. SIC was incorporated on February 17, 2022, and commenced operations on March 1, 2022, after receiving its Certificate of Authority from the Florida Office of Insurance

Regulation (the “FLOIR”). SIC provides homeowners insurance coverage to policyholders in Florida and South Carolina, with Florida policyholders representing 96% of direct written premiums written for the nine months ended September 30, 2026.

SIC is subject to the broad administrative powers of the FLOIR, which include, but are not limited to, limitation of dividends distributable, modification of management services and tax-sharing agreements, limitations on new and renewal business, and requirements for capital and surplus.

SSIC is domiciled in the state of Rhode Island and is a wholly owned subsidiary of SIH. SSIC currently provides homeowners insurance coverage to policyholders in California, South Carolina, and Texas. SSIC began writing policies during the second quarter of 2026.

SSIC is subject to the broad administrative powers of the Rhode Island Department of Business Regulation ("the RIDBR"), which include, but are not limited to, limitation of dividends distributable, modification of management services and tax-sharing agreements, and requirements for capital and surplus.

SIH filed its original certificate of incorporation with the Secretary of State of the State of Delaware on March 2, 2021, and was authorized to issue 40.0 million shares of common stock at par value of $0.01 per share and 20.0 million shares of preferred stock at par value of $0.01 per share, pre stock split.

The Company amended and restated its certificate of incorporation on June 18, 2025, authorizing capital stock of 1.5 billion shares of common stock, par value $0.01 per share, and 150.0 million shares of preferred stock, par value $0.01 per share. As of September 30, 2026 and December 31, 2025, there were 117.3 million and 123.9 million shares of common stock outstanding, respectively.

Stock Split

On June 18, 2025, the Company effected a 5.5-for-1 stock split of its common stock and preferred stock. All common stock and preferred stock and per share information included in the accompanying condensed consolidated financial statements and footnotes has been retroactively adjusted to reflect this unit split for all periods presented.

Completion of Initial Public Offering

On June 18, 2025, the Company closed its initial public offering ("IPO") of 24.0 million shares of its common stock, of which 16.7 million shares were sold by the Company and 7.3 million shares were sold by certain selling stockholders, at an initial public offering price of $17.00 per share for gross proceeds of $408.0 million. The Company received net proceeds of approximately $263.5 million, net of approximately $19.8 million of underwriting discounts and commissions. The Company did not receive any proceeds from the sale of shares of its common stock by selling stockholders. The Company recorded the transaction within common stock and additional paid-in capital in the condensed consolidated balance sheets as of December 31, 2025. All preferred stock was converted to common stock upon the completion of the IPO.

On June 25, 2025, the underwriters fully exercised their option to purchase an additional 3.6 million shares of common stock from certain selling stockholders of the Company. The purchase of the additional shares brought the gross proceeds from the IPO to $469.2 million. The Company did not receive any proceeds from the sale by such selling stockholders of the additional shares.

Stock Repurchase Program

On August 26, 2025, the Company's Board of Directors ("Board") authorized the 2025 Stock Repurchase Program ("repurchase program"), which allowed the Company to repurchase, from time to time, up to $75.0 million of common stock through open market repurchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors. On November 4, 2025, the Board authorized an increase to the repurchase program to purchase an additional $45.0 million of common stock. On March 23, 2026, the Company completed the repurchase of the $120 million shares of common stock authorized under the repurchase program.

On March 23, 2026, the Board authorized a new stock repurchase plan ("the March 2026 repurchase program"), which allowed the Company to repurchase, from time to time, up to $125.0 million of common stock through open market repurchases in

compliance with Rule 10b-18 under the Exchange Act and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors.

On April 28, 2026, the Board authorized a new stock repurchase plan (the “April 2026 repurchase program” and together with the “March 2026 repurchase program”, the “new stock repurchase programs”), which allows the Company to repurchase, from time to time, up to $100.0 million of common stock through open market repurchases in compliance with Rule 10b-18 under the Exchange Act and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors.

For the three and nine months ended September 30, 2026, under the repurchase program and the new stock repurchase programs, the Company repurchased 0 and 10,722,220 shares of common stock for $0 and $190.9 million, respectively.

Upon repurchase, the Company retired the shares of common stock. The repurchase plan has no time deadline and will continue until all authorized shares have been repurchased or it is otherwise modified or terminated by the Board.

Assumed Business

From time to time, the Company may participate in a “take-out program” through which the Company assumes insurance policies held by Citizens Property Insurance Corporation (“Citizens”), a Florida state-supported insurer. The take-out program is a legislatively mandated program designed to reduce the state’s risk exposure by encouraging private companies to assume policies from Citizens. For the three and nine months ended September 30, 2026, the Company was approved by the FLOIR to assume a total of 15,100 and 146,700 policies. The approval date noted is based on the actual take-out date and not the date the Company received approval to participate from the FLOIR. For the three and nine months ended September 30, 2026, the Company assumed approximately 10,050 and 47,718 policies, representing $34.9 million and $154.3 million in annualized gross premiums.

For the three and nine months ended September 30, 2025, the Company was approved by the FLOIR to assume a total of 15,000 and 281,150 policies, respectively. The approval date noted is based on the actual take-out date and not the date the Company received approval to participate from the FLOIR. For the three and nine months ended September 30, 2025, the Company assumed approximately 13,711 and 40,082 policies, representing $33.1 million and $138.0 million in annualized gross premiums, respectively. For the year ended December 31, 2025, the Company was approved by the FLOIR to assume a total of 457,150 policies from Citizens. In 2025, approximately 191,850 policies were assumed from Citizens, representing approximately $595.0 million in annualized gross written premiums related to these transactions.

Adoption of New Accounting Standard

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This update enhances income tax disclosures by requiring public entities to report income tax expense disaggregated by federal, state and foreign taxes, with further detail on specific jurisdictions over a quantitative threshold. In addition, public entities must also separately disclose reconciling items equal to or greater than five percent of pretax income from operations by the applicable federal statutory rate. ASU 2023-09 is effective for all public entities for fiscal years beginning after December 15, 2024. ASU 2023-09 was adopted by the Company effective December 31, 2025, and applied the disclosure requirements retroactively. See Note 7 Income Taxes in the accompanying notes to the condensed consolidated financial statements for further details.

Consolidation Policy

The Financial Statements include the accounts of the Company, its wholly owned subsidiaries and Variable Interest Entities (“VIEs”) in which the Company is determined to be the primary beneficiary. This analysis includes a review of the VIE’s capital structure, related contractual relationships and terms, nature of the VIE’s operations and purpose, nature of the VIE’s interests issued, and the Company’s involvement with the entity. When assessing the need to consolidate a VIE, the Company evaluates the design of the VIE as well as the related risks to which the entity was designed to expose the variable interest holders. The primary beneficiary is the entity that has both (i) the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depends on the Company’s decision making ability and its ability to influence activities that significantly affect the economic performance of the VIE.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.

Segment Information

The insurance segment derives revenues from direct and assumed premiums written and premiums are earned pro rata over the terms of the policies, or remaining term of the policy for policies assumed post their origination date. Revenue is earned from policies from homeowners, which are annual policies. The accounting policies of the insurance segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker (“CODM”) assesses performance for the insurance segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income and EBITDA. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM uses net income and EBITDA to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the insurance segment or into other parts of the entity, such as for acquisitions. The significant expenses reviewed by the CODM, which are used to assess performance of the company, are not disaggregated at a level lower than the captions disclosed within the Consolidated Statement of Operations. Net income is used to monitor budget versus actual results. The CODM also uses net income and EBITDA in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation. The Company has one reportable segment: insurance. The insurance segment provides residential homeowners insurance. The Company derives all revenue in the United States of America and manages the business activities on a consolidated basis. The Company’s CODM is the Chief Executive Officer.

Accounting Pronouncements Not Yet Adopted

In November 2024, the Financial Accounting Standards Board ("FASB") issued ASU 2024-03, “Income Statement (Topic 220): Reporting Comprehensive Income - Expense Disaggregation Disclosures, Disaggregation of Income Statement Expenses,” which requires additional information about certain expenses in the financial statements. The amendments in this ASU will be effective for annual periods beginning after December 15, 2026. Early adoption is permitted and is effective on either a prospective basis or retrospective basis. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.

In September 2025, the FASB issued Accounting Standards Update ("ASU") 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The update modifies the accounting for internal-use software development costs by eliminating the stage-based model and establishing new capitalization criteria that apply once a project is authorized, funded, and it is probable the software will be completed and used as intended. The new guidance also introduces the concept of significant development uncertainty to help entities determine the appropriate timing of capitalization and integrates prior website development guidance into Accounting Standards Codification (“ASC”) 350-40. The update is effective for annual periods beginning after December 15, 2026, with early adoption permitted. The Company is currently assessing the impact of adopting this guidance and does not expect the adoption to have a material effect on its financial position or results of operations.

In December 2025, the FASB issued ASU 2025-11, "Interim Reporting (Topic 270): Narrow-Scope Improvements", which clarifies the guidance in Topic 270 to improve the consistency of interim financial reporting. The ASU provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2025-11.

The Company does not believe any of these accounting pronouncements have or will have a material impact on its condensed consolidated financial statements.

Investments - Schedule of Amortized Cost and Estimated Fair Value of Investments in Fixed-Maturity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Debt Securities, Available-for-Sale [Abstract]
In One year or less Amortized Cost	$ 41,895	$ 48,155
After one year through five years Amortized Cost	370,850	303,205
After five years through 10 years Amortized Cost	336,558	165,622
After 10 years Amortized Cost	104,685	63,140
Total Amortized Cost	853,988	580,122
In one year or less Fair Value	41,894	48,353
After one year through five years Fair Value	363,496	309,550
After five years through 10 years Fair Value	316,926	168,346
After 10 years Fair Value	97,002	63,471
Total Estimated Fair Value	$ 819,318	$ 589,720

Reinsurance (Additional Information) (Details) $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2025 USD ($)	Sep. 30, 2026 USD ($)	May 31, 2027 USD ($)	May 27, 2027 USD ($)	Nov. 01, 2026 USD ($)	Nov. 01, 2026	May 31, 2026 USD ($)	Nov. 01, 2025 USD ($)	Jun. 01, 2026 USD ($)	Dec. 31, 2025 USD ($)	Jun. 01, 2025 USD ($)	Oct. 29, 2024 USD ($)
Effects of Reinsurance [Line Items]
Retaining on Property Business		$ 700		$ 700	$ 1,000		$ 700	$ 1,000
Loss on Property Risk Ceding		$ 4,300	$ 2,800		$ 9,000		$ 4,300	$ 9,000
Percentage of Treaties Cover		100.00%	100.00%		100.00%			100.00%
Reinsurance Contract Coverage Amount								$ 65,000	$ 7,000		$ 7,000	$ 50,000
The Reinsurer Total Liability Capped									14,000		14,000
Effective Period of Treaties		May 31, 2027		May 31, 2027	Nov. 01, 2026	May 31, 2027		Nov. 01, 2025
Percentage of Loss From Catastrophe							100
Estimated Premium Coverage Amount		$ 11,502								$ 34,290
Aggregate reinsurance limit			$ 5,463,000				$ 3,304,000
First event coverage			$ 3,981,000				$ 2,557,000
Florida Hurricane Catastrophe Fund (FHCF)
Effects of Reinsurance [Line Items]
Percentage of Loss From Catastrophe	0.90	0.90
Loss From Catastrophe	$ 961,800	$ 1,632,600
Estimated Premium Coverage Amount	69,180,000	116,400
Maximum Payout Amount	$ 865,600	$ 1,469,300
Catastrophe \| Florida Hurricane Catastrophe Fund (FHCF)
Effects of Reinsurance [Line Items]
Percentage of Loss From Catastrophe	0.90	0.90
Maximum \| Florida Hurricane Catastrophe Fund (FHCF)
Effects of Reinsurance [Line Items]
Percentage of Loss From Catastrophe	0.90	0.90
Loss From Catastrophe	$ 540,300	$ 935,200
Minimum
Effects of Reinsurance [Line Items]
Reinsurance Contract Coverage Amount								$ 10,000	$ 5,000		$ 5,000	$ 10,000
Minimum \| Florida Hurricane Catastrophe Fund (FHCF)
Effects of Reinsurance [Line Items]
Maximum Payout Amount	$ 540,300	$ 935,200
Minimum \| Catastrophe \| Florida Hurricane Catastrophe Fund (FHCF)
Effects of Reinsurance [Line Items]
Percentage of Loss From Catastrophe	0.10	0.10

Long-Term Debt (Additional Information) (Details) - Commercial Loan Agreement $ in Thousands	Jun. 25, 2024 USD ($)
Debt Instrument [Line Items]
Loan Against Collateralized	$ 40,000
Debt Instrument, Collateral Period	5 years
Company Incurred Loan Costs and Debt Discount	$ 3,692
Debt instrument remaining balance	27,750
Deferred loan cost amount	$ 589
Issuing Date of Refinanced Credit Facility	May 03, 2023

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Long-Term Debt - Schedule Schedule of Deferred Loan Costs and Debt Discount (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Less: Deferred Loan Costs and Debt Discount	$ (4,387)	$ (2,813)
Long-term debt, net	$ 27,613	33,687
Commercial Loan 4
Debt Instrument [Line Items]
Issue Date	Jun. 25, 2024
Original Principal	$ 40,000
Long-term debt, net	$ 31,000	34,000
Promissory Notes
Debt Instrument [Line Items]
Issue Date	Mar. 31, 2022
Interest Rate	0.00%
Original Principal	$ 10,000
Long-term debt, net	$ 1,000	$ 2,500

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

+ Details

Fair Value of Financial Assets and Liabilities - Long-Term debt and Methods (Parenthetical) (Details)	Sep. 30, 2026
0.00%, Promissory Notes
Debt Instrument [Line Items]
Promissory notes	0.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Fair Value of Financial Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Carried at Estimated Fair Value Measured on a Recurring Basis



	Level 1		Level 2		Level 3		Estimated Fair Value
Assets:
Cash and cash equivalents	$	700,575	$	—	$	—	$	700,575
Restricted cash and cash equivalents		798		—		—		798
Restricted cash and cash equivalents - variable interest entity		1,015,713		—		—		1,015,713
Fixed-maturity securities		464,541		354,777		—		819,318
Equity securities		23,782		—		—		23,782
	$	2,205,409	$	354,777	$	—	$	2,560,186
Liabilities:
Interest rate swap	$	—	$	—	$	—	$	—



	Level 1		Level 2		Level 3		Estimated Fair Value
Assets:
Cash and cash equivalents	$	1,201,210	$	—	$	—	$	1,201,210
Restricted cash and cash equivalents		786		—		—		786
Restricted cash and cash equivalents - variable interest entity		480,972		—		—		480,972
Fixed-maturity securities		317,620		272,100		—		589,720
	$	2,000,588	$	272,100	$	—	$	2,272,688
Liabilities:
Interest rate swap	$	—	$	—	$	62	$	62

Schedule of Long-Term Debt and Methods and Estimating Fair Values

The following table summarizes components of the Company’s long-term debt and methods used in estimating their fair values:


	Maturity Date	Valuation Methodology
Promissory Notes, 0.00%	2027	Discounted cash flow method, Level 3 inputs
Commercial Loan, variable rate of interest	2029	Discounted cash flow method, Level 3 inputs

Schedule of Fair Value Information for Liabilities Carried Balance Sheets


	Fair Value Measurements Using
As of September 30, 2026	Carrying Value or Amortized Cost			Level 1		Level 2		Level 3			Estimated Fair Value
Financial Liabilities:
Long-Term debt:
0.00% Promissory notes	$	1,000		$	—	$	—	$	1,428		$	1,428
Commercial Loan		31,000			—		—		29,464			29,464
Less: unamortized issuance costs		(4,387	)		—		—		(4,387	)		(4,387	)
	$	27,613		$	—	$	—	$	26,505		$	26,505


	Fair Value Measurements Using
As of December 31, 2025	Carrying Value or Amortized Cost			Level 1		Level 2		Level 3			Estimated Fair Value
Financial Liabilities:
Long-Term debt:
0.00% Promissory notes	$	2,500		$	—	$	—	$	2,775		$	2,775
Commercial Loan		34,000			—		—		30,088			30,088
Less: unamortized issuance costs		(2,813	)		—		—		(2,813	)		(2,813	)
	$	33,687		$	—	$	—	$	30,050		$	30,050

Regulatory Matters

9 Months Ended

Sep. 30, 2026

Regulatory Matters [Abstract]

Regulatory Matters

13.

Regulatory Matters

The Company has no restrictions on the payment of dividends to its shareholders except those restrictions imposed by the General Corporation Law of the State of Delaware and those restrictions imposed by insurance statutes and regulations applicable to the Company’s insurance subsidiaries.

SIC can only pay dividends to SIH out of their available and accumulated surplus funds, which are derived from realized net operating profits on their respective businesses and net unrealized capital gains. Dividend payments without prior written approval of the FLOIR shall not exceed the greater of:

•

The lesser of 10% of surplus or net income, not including realized capital gains, plus a two-year carryforward;

•

10% of surplus, with dividends payable constrained to unassigned funds, minus 25% of unrealized capital gains; or

•

The lesser of 10% of surplus or net investment income plus a three-year carryforward with dividends payable constrained to unassigned funds minus 25% of unrealized capital gains

In lieu of the above computations, the maximum dividend allowed by SIC may be up to the greater of 10% of surplus derived from realized net operating profits and realized capital gains or SIC's entire net operating profits and net realized capital gains from the immediately preceding calendar year, provided that SIC will have at least 115% of minimum required surplus after any such dividend.

Florida Statute Section 624.408 requires SIC to maintain a minimum level of surplus of not less than the greater of 10% of the Company’s total liabilities, or $15,000. Based on this requirement, SIC was required to maintain capital and surplus of $79,534 and $113,922 as of September 30, 2026 and December 31, 2025, respectively. As of September 30, 2026 and December 31, 2025, SIC’s statutory-basis surplus totaled $503,095 and $417,940, meeting the minimum surplus requirements.

Rhode Island General Laws 27-1-37 required a domestic insurer to maintain a minimum capital stock of $1,000 and $2,000 in surplus. SSIC had $1,500 in capital stock as of September 30, 2026 and December 31, 2025, respectively 48,373 and 50,249 as of September 30, 2026 and December 31, 2025, respectively.

No dividends were paid by SIC or SSIC in 2026 and 2025.

SIC and Slide Specialty are required to comply with the NAIC risk-based capital (“RBC”) requirements. RBC is a method of measuring the amount of capital appropriate for an insurance company to support its overall business operations in light of its size and risk profile. At September 30, 2026 and December 31, 2025, SIC and Slide Specialty’s total adjusted capital exceeded the RBC company-action level.

U.S. GAAP differs in certain respects from the accounting practices prescribed or permitted by insurance regulatory authorities (statutory-basis). These entities’ statutory-basis financial statements are presented on the basis of accounting practices prescribed or permitted by the FLOIR. The FLOIR and the RIDBR have adopted the National Association of Insurance Commissioners (“NAIC”) Accounting Practices and Procedures Manual as the basis of its statutory accounting practices. Statutory-basis surplus differs from shareholders’ equity reported in accordance with U.S. GAAP primarily because policy acquisition costs are expensed when incurred and because of different timing of recognizing the brokerage income for reinsurance recoverables. In addition, the recognition of deferred tax assets is based on different recoverability assumptions and material differences may also arise from the differing treatment of non-admitted assets and unrealized gains and losses from investments.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1H
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
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-Paragraph 1H
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-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1H

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A

+ Details

Guaranty Fund and Other Assessments

9 Months Ended

Sep. 30, 2026

Guarantees [Abstract]

Guaranty Fund and Other Assessments

15.

Guaranty Fund and Other Assessments

SIC is subject to guaranty fund and other assessments in both Florida and in South Carolina, states in which the SIC underwrites policies. Guaranty fund assessments should be accrued when (i) an assessment has been imposed or information available prior to issuance of the statutory-basis financial statements indicates that it is probable that an assessment will be imposed; (ii) the event obligating an entity to pay an imposed or probable assessment has occurred on or before the date of the consolidated financial statements; and (iii) the amount of the assessment can be reasonably estimated at the time of the event triggering the accrual.

SIC is subject to assessments by guaranty funds in the states in which it conducts business, a residual market pool, and a state catastrophe reinsurance pool. The activities of these funds and pools include collecting funds from solvent insurance companies to cover losses resulting from the insolvency or rehabilitation of other insurance companies, or deficits generated by Citizens, and the FHCF. SIC is allowed to recover these assessments through premiums collected from policyholders. As of September 30, 2026, and December 31, 2025, SIC had payables relating to these assessments totaling $9,072 and $3,106, respectively. The payable is included within other liabilities on the balance sheet.

- Definition

The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References

+ Details

Long-Term Debt - Schedule of Future Maturities of Long-Term Debt Principal (Details) $ in Thousands	Sep. 30, 2026 USD ($)
Debt Instrument [Line Items]
2026	$ 1,500
2027	4,500
2028	4,000
2029	22,000
Total	32,000
Commercial Term Loan
Debt Instrument [Line Items]
2026	1,000
2027	4,000
2028	4,000
2029	22,000
Total	31,000
Promissory Notes
Debt Instrument [Line Items]
2026	500
2027	500
2028	0
2029	0
Total	$ 1,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details