Company: SLDE
Filing Date: 2025-06-18
Form Type: 424B4
Source: 0001193125-25-142810
Chunk: 9

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-18
Form: 424B4
Chunk 9
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 market. Based upon catastrophe modeling, at the peak of the 2024 hurricane season, we estimate it would
take an event beyond our 1-in-194-year probable maximum loss (“PML”) to exhaust our catastrophe coverage. We currently
seek to retain no more than 25% of our annual pre-tax earnings from a first-event catastrophic loss that is below the top of our reinsurance program. We believe that our reinsurance program provides more
robust coverage for catastrophic events compared to our competitors.

Our sophisticated modeling and large insurance dataset allows us to
consider prospective reinsurance costs in our underwriting decisions, ensuring that we target profitable policies aligned with our reinsurance program. We include assumptions on individual policies and the prospective impact of each additional risk
on our PML and expected reinsurance costs, which combined with multi-year reinsurance capacity limits uncertainty and unexpected increases in future reinsurance costs. We also have a robust per risk and facultative reinsurance program that protects
against shock losses above $700,000. This enhanced protection allows us to write higher value homes with higher premiums and profit margins.

Fully integrated and disciplined underwriting approach focused on delivering strong and consistent returns

We are focused on delivering
strong and consistent underwriting results, with a proven track record of profitability. We believe our proprietary AI-driven data analytics and underwriting process allows us to better select insurance
policies, including those we assume from Citizens and other private insurers, leading to strong risk-adjusted returns. We focus on profitability of each individual policy and focus on writing profitable business in our markets. In addition, we have
a full stack, vertically integrated platform with key functions managed in-house including underwriting, actuarial analysis, risk management, claims, product development and litigation. This allows us to
manage risk, limit losses and provide consistent and quality customer service to our policyholders. Our integrated claims services model allows us to quickly assess claims and limit additional damage by remediating any potential issues, further
allowing us to control loss costs following an event. As a result of our integrated and technology-enabled approach, for the years ended December 31, 2023 and 2024, we generated a consolidated
net-attritional loss ratio, which we define as direct and assumed loss and loss adjustment expense, excluding catastrophe losses, less any reinsurance recoveries, divided by net premiums earned, of 34.1% and
26.2%, respectively.

Strong balance sheet with limited legacy reserve exposures

We believe that our strong