Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 10

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 10
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4, 100% of our private reinsurance recoverables were either fully collateralized or derived from reinsurers rated “A-” (Excellent)
by A.M. Best, or better. All reinsurance we purchase is on an excess of loss basis and covers all perils, except for FHCF and our multi-year catastrophe bond program, which is limited to covering named storms. We treat our reinsurers as long-term
partners. As such, we target underwriting profitability on a gross basis, before utilization of reinsurance, to ensure consistent support from our reinsurance partners and to protect ourselves from changes in the reinsurance 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