Slide Insurance Holdings, a home insurance provider focused on the coastal southern US, filed on Friday with the SEC for an initial public offering that we estimate could raise up to $300 million.
Slide Insurance is led by the founder and former CEO of Heritage Insurance. Through its insurance subsidiary, the company provides residential property insurance for single-family homeowners, condominium owners, other commercial residential properties, primarily on the coasts of Florida (99.5% of policies) and South Carolina (0.5%). Slide controls all aspects of the insurance value chain from underwriting to distribution and claims, which it believes enables it to maximize profitability.
The Tampa, FL-based company was founded in 2021 and booked $929 million in sales for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol SLDE. Slide Insurance Holdings filed confidentially on June 18, 2024. Barclays and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.
