Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 29

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 29
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 In addition, we have limited data to validate key aspects of our business model. We cannot provide any assurance that the data that we collect will provide useful measures for evaluating our business model. Our inability to adequately assess our performance and growth could have a material adverse effect on our brand, business, results of operations and financial condition. Our expansion within the United States will subject us to additional costs and risks and our plans may not be successful. Our success depends in significant part on our ability to expand into additional markets in the United States. As of December 31, 2024, the Carrier is legally permitted to write insurance in two states, Florida and South Carolina, which are home to approximately 10% of the U.S. population. We have targeted expansion to more states, but we cannot guarantee that we will be able to provide coverage in other states in the near term or at all. Moreover, one or more states could revoke our ability to operate, or implement additional regulatory hurdles that could inhibit our ability to obtain or maintain our ability to operate in such states. In addition to requiring additional management attention to operations over a broad geographic area, operating in additional states may place strain on our finance, analytics, compliance, legal, engineering and operations teams. We may incur significant operating expenses and may not be successful in our expansion for a variety of reasons, including:

| • |     | obtaining any required government approvals, licenses or other authorizations; |

| • |     | complying with varying laws and regulatory standards, including with respect to the insurance business and         
 insurance distribution, capital and outsourcing requirements, data privacy, tax and local regulatory restrictions; |

| • |     | competition from local incumbents that better understand the local market, may market and operate more 
 effectively and may enjoy greater local affinity or awareness; and                                     |

| • |     | differing demand dynamics, which may make our product offerings less successful. |

21

If we invest substantial time and resources to expand our operations and are unable to
manage these risks effectively, our business, results of operations and financial condition could be adversely affected.

Expansion into
new markets will require additional investments by us in both regulatory approvals and marketing. These incremental costs may include hiring additional personnel, as well as engaging third-party service providers and other research and development
costs. If we fail to grow our geographic footprint or if geographic growth occurs at a slower rate than expected, our business, results of operations and financial condition could be materially and adversely affected.

If we are unable to expand our product offerings