Slide Insurance Holdings, Inc. entered into a new Credit Agreement on October 26, 2026, replacing its previous facility with a significantly larger syndicated credit line. The new agreement provides for a total principal amount of $1.072 billion, consisting of a $670 million revolving credit facility and a $402 million delayed draw term loan facility (DDTL). The administrative agent for the agreement is The Huntington National Bank.
On the closing date, the company borrowed $50 million under the DDTL Facility. Borrowings under the revolving facility are permitted for working capital and general corporate purposes, while delayed draw term loans may be used for permitted acquisitions and related costs. The Credit Agreement matures on October 26, 2031, and includes financial covenants requiring the company to maintain a Consolidated Total Leverage Ratio of no more than 2.50 to 1.00, a Consolidated Fixed Charge Coverage Ratio of at least 1.20 to 1.00, and a minimum Consolidated Net Worth based on a baseline established as of June 30, 2026.
In addition to the new credit facility, Slide Insurance announced a capital allocation plan. The company’s Board of Directors declared a quarterly cash dividend of $0.07 per share and a one-time special cash dividend of $1.50 per share. Both dividends are payable on November 30, 2026, to stockholders of record as of November 23, 2026.
The company also reported financial results for the third quarter ended September 30, 2026. Gross premiums written grew 9.3% year-over-year to $506.6 million, and total revenue increased 35.9% to $361.1 million. Net income for the quarter was $138.2 million, representing a 24.5% increase compared to the prior year. The company raised its full-year 2026 outlook, expecting gross written premiums between $1.90 billion and $1.95 billion and net income between $500 million and $520 million.
