When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry.
On page 132 of the filing with the U.S. Securities and Exchange Commission it shows that Slide founder and CEO Bruce Lucas in 2024 took home more than $21 million in salary, bonuses and stock awards – considerably more than CEOs at most other publicly traded, Florida-domiciled carriers. The package is not far behind the compensation levels for the heads of some of the largest insurance companies in the world, including Chubb, Allstate, AIG and Travelers.
Lucas’ wife, Shannon Lucas, the chief operating officer at Slide, was paid an additional $16.5 million, Slide’s Form S-1 filing indicates.
“Capitalism is a great system, but this is out of control,” said one Florida insurance executive who declined to be identified.
CEO Lucas, who launched…