Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 160

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 160
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 assumption transaction for the policies that have not opted out of such transaction. A policyholder may also opt-out during the 30-day period following the effective date of the assumption transaction, but only if the premium difference between Slide’s renewal and

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Citizens’ renewal is greater than 20%. If a policyholder opts-out during such period, Slide returns the applicable unearned premiums to Citizens.

Under the terms of its typical assumption agreements with Citizens, the Company assumes all liability and obligation for losses under the
assumed policies arising on or after the effective date of the assumption transaction, and the Company directly services all policyholder claims related to such losses. Citizens remains liable for all losses under the assumed policies arising prior
to the effective date of the assumption transaction and is solely responsible for servicing all policyholder claims related to such losses. All of the policies selected by the Company are annual policies which are rewritten at the Company’s
rates using the Company’s coverage and forms within a year following their assumption from Citizens. From the time to initial application to assumption by the Company, the process takes approximately four and a half months.

Slide’s Process and Procedures for Selecting Citizens Policies

The Underwriting Advisory Council sets general underwriting guidelines and goals around future assumptions from Citizens; the Board of
Directors has delegated the underwriting of policies, including Citizens assumptions, to the Company’s management. The underwriting guidelines rarely change but the Company’s overall goals do change from assumption to assumption, based on
time of year, current portfolio distribution, reinsurance, and other market factors. The Company’s risk management team uses these guidelines and goals to analyze each policy’s initial data file provided by Citizens to determine which
policies to apply for. The Company’s risk management team models the policies within the initial data file and performs reinsurance cost estimation for each policy, and the Company’s actuarial team rates the policies using FLOIR approved
Slide rates and forms.

The Company’s risk management team then compares the Company’s estimated renewal premium against the
estimated reinsurance costs to determine which policies are candidates for selection. Potential participants in the Citizens take-out process are only permitted to select policies within 40% of Citizens’
estimated renewal premium – and therefore policies over 40% are removed from the candidate pool.

The Company’s risk management
team then models the policy candidates. The model produces probable maximum loss which, along with exposure aggregation and estimated reinsurance costs, are used to calculate the most optimal policy selection. Finally, the Company’s risk