Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 119

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 119
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, primarily as a result of an increase in Citizens policies assumed at lower average premiums.

Expense ratio. Our expense ratio decreased from 37.1% for the nine months ended September 30, 2023 to 27.5% for the nine months ended September 30, 2024, primarily as a result of an increase in Citizens policies assumed without acquisition costs.

Combined ratio. Our combined ratio decreased from 80.9% for the nine months ended September 30, 2023 to 76.8% for the nine months ended
September 30, 2024, primarily as a result of an increase in Citizens policies assumed without acquisition costs.

Combined ratio, excluding catastrophic losses & prior year claims development. Our combined ratio, excluding catastrophic losses and prior year claims development, ratio decreased from 66.3% for the nine months ended September 30, 2023 to 57.7% for the nine
months ended September 30, 2024, primarily as a result of an increase in Citizens policies assumed without acquisition costs.

Policy acquisition expense ratio. Our policy acquisition expense ratio decreased from 14.6% for the nine months ended September 30, 2023 to 10.0% for the nine months ended September 30, 2024, primarily as a result of increased assumptions of
Citizens policies.

Debt to capitalization ratio.Our debt to capitalization ratio decreased from 12.9% for the nine months ended
September 30, 2023 to 9.9% for the nine months ended September 30, 2024, primarily as a result of increased equity from retained earnings.

Return on equity.Our return on equity increased from 32.5% for the nine months ended September 30, 2023 to 41.5% for the nine months
ended September 30, 2024 as a result of increased policies in force and decreased policy acquisition costs.

Return on tangible equity.Our return on tangible equity increased from 38.0% for the nine months ended September 30, 2023 to 43.7% for the nine months ended September 30, 2024 as a result of increased policies in force and decreased policy acquisition costs.

80

Year Ended December 31, 2023 Compared to Year Ended December 31, 2022 The following table summarizes our results of operations for the years ended December 31, 2022 and 2023:

|                                                                                  |     | Year Ended December