Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 115

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 115
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 ending tangible shareholders’ equity during the period. We regularly evaluate acquisition opportunities and have historically made acquisitions that affect shareholders’ equity. We use return on tangible equity as an internal
performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into our results of operations and our underlying business performance. See
“Prospectus Summary—Summary Consolidated Financial and Other Data” for a reconciliation of return on tangible equity to return on equity, the most directly comparable GAAP measure.

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Results of Operations Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024 The following table summarizes our results of operations for the three months ended March 31, 2024 and 2025:

|                                                                                  |     | Three Months Ended March 31, 
 (in thousands)               |    2025 |   |     |   |    2024 |   |     |   |  Change |    |     |     | % Change |    |
|:---------------------------------------------------------------------------------|:----|:-----------------------------|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:---|:----|:----|---------:|:---|
| Gross premiums written                                                           |     | $                            | 278,249 |   |     | $ | 244,628 |   |     | $ |  33,621 |    |     |     |     13.7 | %  |
| Change in unearned premiums                                                      |     |                              |  72,642 |   |     |   |  (7,267 | ) |     |   |  79,909 |    |     |     |   1099.6 | %  |
| Gross premiums earned                                                            |     |                              | 350,891 |   |     |   | 237,361 |   |     |   | 113,530 |    |     |     |     47.8 | %  |
| Ceded premiums earned                                                            |     |                              | (84,850 | ) |     |   | (49,254 | ) |     |   | (35,596 | )  |     |     |    (72.3 | )% |
| Net premiums earned                                                              |     |                              | 266,041 |   |     |   | 188,107 |