Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 116

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 116
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     |                              |    10.7 | % |     |   |     9.1 | % |     |   |     1.6 | %  |     |     |     17.6 | %  |
| Debt to capitalization ratio                                                     |     |                              |     6.6 | % |     |   |    10.5 | % |     |   |    (3.9 | )% |     |     |    (37.1 | )% |
| Return on equity                                                                 |     |                              |    19.2 | % |     |   |    20.7 | % |     |   |    (1.5 | )% |     |     |     (7.2 | )% |
| Return on tangible equity(2)                                                     |     |                              |    19.5 | % |     |   |    22.1 | % |     |   |    (2.6 | )% |     |     |    (11.8 | )% |

| (1) | Non-GAAP financial measure. See “Prospectus                                                                                                                                                                                        
 Summary—Summary Consolidated Financial and Other Data” for a reconciliation of the combined ratio, excluding catastrophic losses & prior year claims development to the combined ratio, the most directly comparable GAAP measure. |

| (2) | Non-GAAP financial measure. See “Prospectus                                                                                                                              
 Summary—Summary Consolidated Financial and Other Data” for a reconciliation of return on tangible equity to return on equity, the most directly comparable GAAP measure. |

Revenue Gross premiums written.Gross premiums written increased from $244.6 million for the three months ended March 31, 2024 to $278.2 million for the three months ended March 31, 2025. The increase in net premiums written was primarily a result of policies assumed by Citizens, increases in renewal rates of existing written policies, as well as new policies written resulting from acquired renewal rights of Florida homeowners’ policies 79

with effective dates of February 2024 and later from Truck Insurance Exchange, a subsidiary of Farmers Insurance Company, Inc. (“Farmers”). We initially acquired policy renewal rights from Farmers in February 2024. These policies were originally written by Farmers, and were due to expire in February 2024 and later. In 2024, we wrote approximately 36% of the policies for which we acquired renewal rights from Farmers. We expect