Barclays Plc and Morgan Stanley are leading the IPO for Slide, a specialty property insurer focused on coastal areas. (Credit: Marco Bello/Bloomberg)
(Bloomberg) — Slide Insurance Holdings Inc. recently filed for an initial public offering, positioning the specialty insurer to tap into the recent success of similar listings in an otherwise slow market for company debuts.
The underwriter of single-family home and condominium policies in Florida and South Carolina reported net income of $92.5 million on total revenue of $281.6 million in the three months ended March 31, compared with net income of $54.7 million on revenue of $199.1 million a year earlier, according to its filing Friday with the US Securities and Exchange Commission.
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