Intriguing IPOs: Slide Insurance Holdings (SLDE) and Ategrity Specialty Holdings (ASIC)

Two recent insurance IPOs resembling long term winners in the indsutry.

Sketch of Edward Lloyd’s Coffee House, artist unknown

While the market has been thoroughly impressed with some of the recent IPOs to hit the market, I must say that many of these fintech darlings do not look particularly compelling to me. They already look like stocks that trade on hype rather than fundamentals.

I’m still of the belief that the better investments in the IPO market will come from those less heralded offerings. The IPO market was so busy that some have flown under the radar. Recent;y, two insurance companies — Slide Insurance Holdings (NASDAQ: SLDE) and Ategrity Specialty Holdings (NYSE: ASIC) — went public, both of which look like much more appealing investment options.

Insurance businesses are an acquired taste for most investors, but there’s no denying the long-term compounding ability of this industry. Fortunately for us, these two insurers roughly resemble two other companies in the insurance business that can help us better understand the potential in front of them.

Let’s dig in.

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