Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 126

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 126
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 not exceed the larger of:

| • |     | The lesser of 10% of surplus or net income, not including realized capital gains, plus a two-year carryforward; |

| • |     | Ten percent of surplus, with dividends payable constrained to unassigned funds, minus 25% of unrealized capital 
 gains;                                                                                                          |

| • |     | The lesser of 10% of surplus or net investment income plus a three-year carryforward with dividends payable 
 constrained to unassigned funds minus 25% of unrealized capital gains; and                                  |

| • |     | In lieu of the above computations, the maximum dividend allowed by SIC may be up to the greater of 10% of surplus                                                                                                                                     
 derived from realized net operating profits and realized capital gains or net operating profits and net realized capital gains from the immediately preceding calendar year, limited to 115% of minimum required surplus after dividends. The maximum 
 dividend allowable by SIC is $12,737,000.                                                                                                                                                                                                             |

No dividends were paid by SIC in 2023 and 2022. Florida Statute Section 624.408 requires SIC to maintain a minimum level of surplus of not less than the greater of 10% of its total liabilities, or $15 million. Based on this requirement, SIC was required to maintain capital and surplus of $51.1 million and $20.8 million as of December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022, SIC’s statutory-basis surplus totaled $127.4 million and $51.1 million, meeting the minimum surplus requirements. As of September 30, 2024 and December 31, 2023, we had $648.5 million and $442.4 million, respectively, in cash, cash equivalents and restricted cash, which primarily consisted of cash, money market accounts and US Treasury bills. We intend to maintain substantial cash or cash-equivalent balances during hurricane season to meet seasonal liquidity needs relating to potential catastrophic losses. Our insurance subsidiaries generate cash through premium collections, investment income and the sale or maturity of invested assets. During our start-upphase, we funded our working capital requirements primarily through private sales of equity. We received net proceeds of approximately $126 million primarily from equity issuances through December 31, 2023. See “ —Equity Issuances.” We use our cash to pay reinsurance premiums, losses and loss adjustment expenses incurred, net