Slide Insurance Holdings, Inc. announced that its Board of Directors authorized a new common stock repurchase program of up to $125 million after completing its prior $120 million program, under which it repurchased 7,109,417 shares at a weighted average price of $16.88. The program has no expiration date and reflects confidence in the company's growth strategy, underwriting capabilities, and capital position to create long-term shareholder value.
Key takeaways
Board authorized $125 million common stock repurchase program effective March 23, 2026, with no expiration date
Completed prior $120 million program by repurchasing 7,109,417 common shares at weighted average price of $16.88
Repurchases may occur via open market, privately negotiated transactions, or Rule 10b5-1 plans
CEO Bruce Lucas stated the buyback is accretive at current levels given abundant capital and free cash flow generation
Program may be modified, suspended, or discontinued at any time without prior notice