Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 226

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 226
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 acquired by the Company during 2022. F-7

SIH Technologies, LLP (“Slide India”) – a wholly-owned
non-operating entity that is in process of being dissolved.

SIH filed its original certificate of incorporation
with the Secretary of State of the State of Delaware on March 2, 2021, and is authorized to issue 40,000,000 shares of common stock at par value of $0.01 per share and 20,000,000 shares of the preferred stock at par value of $0.01 per share.
The Company issued and had outstanding 10,222,576 and 11,220,076 shares of common stock as of December 31, 2023, and 2022, respectively. The Company issued and had outstanding 9,242,416 and 8,213,670 shares of preferred stock as of
December 31, 2023, and 2022, respectively.

SIC is domiciled in the state of Florida and is a wholly-owned subsidiary of SIH. The insurance
subsidiary was incorporated on February 17, 2022, and commenced operations on March 1, 2022, after receiving its Certificate of Authority from the Florida Department of Financial Services, Office of Insurance Regulation (the
“FLOIR”). SIC provides homeowners insurance coverage to policyholders in Florida and South Carolina, with Florida policyholders representing 99% of direct premiums written written for the six months ended June 30, 2024.

SIC is subject to the broad administrative powers of the FLOIR, which include, but are not limited to, limitation of dividends distributable, modification of
management services and tax-sharing agreements, limitations on new and renewal business, and requirements for capital and surplus.

Assumed Business

From time to time, the
Company may participate in a “take-out program” through which the Company assumes insurance policies held by Citizens Property Insurance Corporation (“Citizens”), a Florida state-supported
insurer. The take-out program is a legislatively mandated program designed to reduce the state’s risk exposure by encouraging private companies to assume policies from Citizens. For the nine months ended
September 30, 2024, the Company was approved by the FLOIR to assume a total of 110,000 policies. The approval date noted is based on actual takeout date and not the date the Company received approval to participate from the FLOIR. The Company
assumed approximately 64,500