Dividends & Buybacks ·
Declares $1.50 special and $0.07 quarterly dividends; enters $1.07B credit facility
SLDESlide Insurance Holdings, Inc.
Slide Insurance Holdings declared a one-time special cash dividend of $1.50 per share and a regular quarterly dividend of $0.07 per share, both payable November 30 to record holders on November 23. The company also entered into a new $1.07 billion secured credit facility led by Huntington National Bank, replacing its previous $530.4 million agreement. On the closing date, Slide borrowed $50 million of delayed draw term loans to repay existing debt and pay fees. The firm reported third-quarter net income of $138.2 million and raised full-year gross written premium guidance to $1.90–$1.95 billion. Slide Insurance Holdings is a technology-enabled property and casualty insurer specializing in homeowners coverage.