Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 14

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 14
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—Insurance Division in early 2025 and closed on February 6,
2025. We intend to re-domicile PIC to South Carolina and rename it Slide Specialty Insurance Company. The re-domiciliation of PIC will require the approval of the South Carolina Department of Insurance, which is not expected to be received prior to
the consummation of this offering.

In the E&S insurance market, insurance carriers are licensed on a “non-admitted” basis.
The excess and surplus lines market often offers insurance carriers more flexibility in terms, conditions and rates than does the admitted market. We believe this will allow us to leverage our deep underwriting and claims expertise while growing our
profitable business and increasingly diversify risks within our portfolio.

Maintaining a conservative investment portfolio

We complement our strong reserve position with a conservative investment portfolio overseen by BlackRock Investment Management, LLC
(“BlackRock”). Our portfolio is mainly comprised of cash and cash equivalents and investment-grade fixed maturity securities. Our fixed maturity securities together comprised 99% of our total investment portfolio as of December 31,
2024, had a weighted average effective duration of 3.21 years as of December 31, 2024, and an average fixed income credit rating of AA- (Standard & Poor’s) as of December 31, 2024.

Industry Overview

Coastal specialty markets

According to the U.S. Census Bureau, as of 2017, approximately 14% of the total U.S. population (today, approximately
44 million people) lived within 129 coastline counties along the Atlantic seaboard. While the property catastrophe risk along the seaboard is not as high as Florida, it makes up a significant portion of the remaining U.S. property catastrophe
limit. As we enter new coastal territories, we believe we can take advantage of this opportunity to significantly expand the size of our business and explore the expansion of our business into other complementary business lines and organic
distribution channels.

As of the end of 2024, Florida was the 3 largest U.S. state
with a population of approximately 23 million. The state has seen strong population growth over the last decade amounting to over 17% since 2013. According to the Weldon Cooper Center for Public Service at the University of Virginia, the state
population is projected to further expand by 32% to approximately 29 million by 2040. As a result of this growth, there has been a sharp increase in the number of residential properties in