Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 269

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 269
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 catastrophic excess of loss agreement has a corridor through it, whereby the FHCF picks up 90% of losses and the catastrophe layers pick up the remaining 10%. The mandatory FHCF layer is 90% of $321.7 million, excess of $140.6 million. Premium for this coverage is $23.7 million. The RAP layer is 90% of $46.3 million, excess of $98.9 million. Premium for this coverage is $0. The ultimate net loss for each of the above layers will include any recoveries from the FHCF and RAP or so deemed. The FHCF and RAP provide catastrophe coverage for named hurricanes up to a maximum limit of 90% of the amount of ultimate losses in the layer, as determined by a premium formula. The Company’s maximum projected payout from the FHCF and RAP is $331.2 million, with a retention of $98.9 million. F-53

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2023 and 2022 (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) The effects of reinsurance on premiums written and earned are as follows:

|                 |     | 2023    
 Written |          |   |     | Earned |          |   |     | 2022    
 Written |          |   |     | Earned |         |   |
|:----------------|:----|:--------|---------:|:--|:----|:-------|---------:|:--|:----|:--------|---------:|:--|:----|:-------|--------:|:--|
| Direct premiums |     | $       |  874,726 |   |     | $      |  595,085 |   |     | $       |  479,737 |   |     | $      | 299,632 |   |
| Ceded premiums  |     |         | (203,780 | ) |     |        | (153,673 | ) |     |         | (104,287 | ) |     |        | (63,046 | ) |
| Net premiums    |     | $       |  670,946 |   |     | $      |  441,412 |   |     | $       |  375,450 |   |     | $      | 236,586 |