What is SLDE's prepaid reinsurance premiums?

SLDE (SLDE) reported prepaid reinsurance premiums of $82.49M in Q1 2026.

What does prepaid reinsurance premiums mean?

This represents the unexpired portion of premiums paid to reinsurers for coverage that extends into future periods. It is an asset that will be recognized as an expense over the remaining term of the reinsurance contracts. This metric is vital for understanding the company's ongoing cost of risk transfer and future expense recognition.

SLDE SLDE Prepaid reinsurance premiums

Prepaid reinsurance premiums at other companies

ProgressivePGR

$198M-35.3%

HCI GroupHCI

$20.95M-44.9%

Selective Insurance GroupSIGI

$266.88M+13.1%

Kinsale Capital GroupKNSL

$43.87M-18.9%

American Financial GroupAFG

$1.21B+9.6%

RenaissanceRe HoldingsRNR

$1.35B+11.6%

Other financials

Income statement

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Revenue$389.3M+38.2%

Net income$139.5M+50.8%

EPS (diluted)$1.02+36.0%

Balance sheet

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Cash & equivalents$1.2B—

Total debt$41.7M+378%

Total equity$1.1B—

Total assets$2.9B—

Cash flow

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Operating cash flow$289.5M+199%

CapEx$679.0K+15.5%

Free cash flow$288.8M+200%

Valuation

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Market cap$2B—

Enterprise value$826.62M—

P/E4.1×—

P/S1.6×—

Profitability

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Net margin38.9%+13.1pp

FCF margin78.1%—

Returns & leverage

See full

Return on equity57.4%—

Debt / equity0×—

Where this comes from

Reported directly by SLDE in its filing.

Tagged under the XBRL concept us-gaap:PrepaidReinsurancePremiums.

The official record: SLDE’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SLDE's prepaid reinsurance premiums?: SLDE (SLDE) reported prepaid reinsurance premiums of $82.49M in Q1 2026.
What does prepaid reinsurance premiums mean?: This represents the unexpired portion of premiums paid to reinsurers for coverage that extends into future periods. It is an asset that will be recognized as an expense over the remaining term of the reinsurance contracts. This metric is vital for understanding the company's ongoing cost of risk transfer and future expense recognition.