Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 157

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 157
---
 25% of our annual pre-taxearnings from a first-eventcatastrophic loss that is below the top of our reinsurance program. We believe that our reinsurance program provides adequate coverage for named storms. By accessing catastrophe reinsurance coverage through the capital markets, we aim to diversify our sources of reinsurance capacity in a cost-effective manner and receive multi-year coverage, protecting our capital and maintaining profitability. In 2023, we executed our first two catastrophe reinsurance catastrophe bonds with Purple Re Ltd. (“Purple Re”), a Bermuda special purpose insurer, which provides three years of coverage from catastrophe losses caused by certain named storms, including hurricanes. In 2024, we executed our third catastrophe reinsurance catastrophe bond. As of June 1, 2024, we have $410 million of coverage remaining through these three notes. Series 2023-1was issued in April 2023 and expires in April 2026 and Series 2023-2was issued in July 2023 and expires in June 2026, and Series 2024-1 was issued in April 2024 and expires in June 2027. The limit of coverage of $410 million is fully collateralized by a reinsurance trust account for the benefit of SIC.SIC makes periodic premium payments to Purple Re during this three-year risk period. Purple Re issued $410 million of principal-at-riskvariable notes to fund the reinsurance trust account and its obligations to SIC under the reinsurance agreement. The maturity date of the notes may be extended up to two additional years to satisfy claims following covered catastrophic events that have occurred during the three-year term of the reinsurance agreement. 2024 – 2025 reinsurance program Our 2024-2025 reinsurance program incorporates the mandatory coverage required by law to be placed with the FHCF. We also have purchased private reinsurance below, alongside and above the FHCF layer. The following describes the layers of our 2024-2025 reinsurance program:

| • |     | Our Retention. We have a consolidated first event retention of $59.4 million of losses and loss                                                                                                                                          
 adjustment expenses, which is made up of $44.8 million of first event captive participation and $14.6 million of captive RPP participation. We have a consolidated second event retention of $44.8 million, which is retained within the 
 captive. We have a consolidated third event retention of $35 million, which is retained within the captive.                                                                                                                              |

|