Business
Slide Announces New Stock Repurchase Program of $100 Million
TAMPA, Fla., April 28, 2026 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. (“Slide” or the “Company”) (Nasdaq: SLDE) today announced that its Board of Directors has authorized a new common stock repurchase program of $100 million. The authorization is effective immediately, has no time limit, and may be modified, suspended or discontinued at any time. “The Board’s authorization of this new stock repurchase program demonstrates our continued confidence in Slide’s strategic direction, exceptio
About this update from Slide Insurance Holdings, Inc.
[{"type":"image","alt":"Slide Insurance Holdings, Inc.","displaySize":"","headline":null,"caption":"Slide Insurance Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":134,"height":56,"url":"https://media.zenfs.com/en/globenewswire.com/f0ea942520b7f5f11a375baa4c69756d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/goGRt5v9rBiqMK9EMz1b8Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTg4/https://media.zenfs.com/en/globenewswire.com/f0ea942520b7f5f11a375baa4c69756d","width":134,"height":56}},"lazy":false},{"type":"text","content":"TAMPA, Fla., April 28, 2026 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. (“Slide” or the “Company”) (Nasdaq: SLDE) today announced that its Board of Directors has authorized a new common stock repurchase program of $100 million. The authorization is effective immediately, has no time limit, and may be modified, suspended or discontinued at any time.","length":357,"tagName":"p"},{"type":"text","content":"“The Board’s authorization of this new stock repurchase program demonstrates our continued confidence in Slide’s strategic direction, exceptional underwriting performance and strong financial foundation,” said Bruce Lucas, Chairman and Chief Executive Officer of Slide. “Our business consistently generates substantial free cash flow while we maintain ample capital to support our long-term growth initiatives. As a result, our strong capital position enables us to strategically repurchase shares when market conditions continue to present attractive opportunities, allowing us to enhance shareholder value over time.”","length":619,"tagName":"p"},{"type":"text","content":"Under the current $125 million program, as of April 28, 2026, Slide has repurchased 6,240,335 common shares at a weighted average share price of $17.75. With the new program in place, Slide has $114 million of availability under its current repurchase programs.","length":261,"tagName":"p"},{"type":"text","content":"Since the Company’s June 2025 initial public offering, Slide has repurchased 13,349,752 common shares at a weighted average share price of $17.30.","length":146,"tagName":"p"},{"type":"text","content":"Share repurchases under the stock repurchase program may be made in the open market at prevailing market prices, through privately negotiated transactions, or through other structures in accordance with applicable federal sec...