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Insurance - Property & casualty · Financial Services · Fiscal year ends Dec 31
Slide Insurance reported revenue of $1.2B in the fiscal year ended Dec 2025, up 36.5% from the year before. Operating income was $593M, an operating margin of 51.3%, and net income was $444M. Operating cash flow of $797M less capital expenditure of $3M left free cash flow of $795M. It held more cash than debt (net cash $1.2B).
Ranks among the 30 insurance - property & casualty companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2024 | Dec 2025 |
|---|---|---|
| Revenue | 847 | 1,156 |
| Operating incomederived: pre-tax income + interest | 274 | 593 |
| Interest expense | 3.8 | 3.6 |
| Pre-tax income | 270 | 589 |
| Income tax | 68.9 | 145 |
| Net income | 201 | 444 |
| Diluted EPS | 1.66 | 3.36 |
| Diluted shares | 121 | 132 |
| Fiscal year | Dec 2024 | Dec 2025 |
|---|---|---|
| Cash & equivalents | 493 | 1,201 |
| Net PP&E | 13.6 | 11.6 |
| Goodwill | 2.6 | 2.6 |
| Total assets | 1,932 | 2,918 |
| Deferred revenue | 0.1 | 0.1 |
| Long-term debt | 39.2 | 33.7 |
| Total liabilities | 1,499 | 1,805 |
| Shareholders' equity | 433 | 1,113 |
| Fiscal year | Dec 2024 | Dec 2025 |
|---|---|---|
| Operating cash flow | 554 | 797 |
| Capital expenditure | 10.1 | 2.9 |
| Free cash flow | 544 | 795 |
| Depreciation & amortisation | 10.3 | 12.4 |
| Stock-based compensation | 2.9 | 12.1 |
| Share buybacks | 0.0 | 40.0 |
| Fiscal year | Dec 2024 | Dec 2025 |
|---|---|---|
| Revenue growth (YoY) | – | 36.5% |
| Operating income growth (YoY) | – | 116.6% |
| EPS growth (YoY) | – | 102.4% |
| Operating margin | 32.3% | 51.3% |
| Net margin | 23.8% | 38.4% |
| Return on equityBlank when equity is negative | 46.4% | 39.9% |
| Free cash flow margin | 64.2% | 68.7% |
| Cash conversion (CFO ÷ net income) | 2.75x | 1.80x |
| Interest cover | 72.9x | 163x |
| Debt ÷ equity | 0.09x | 0.03x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −454 | −1,168 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.