Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 6

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 6
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 assess, manage and price risk for individual and bulk
policy acquisitions. Our technology is built to estimate future costs of policies and compare it back to our base rates to better understand profitability in real time on an individual risk basis and to assess large and/or bulk transactions. This
technology permits us to only select policies that we believe to be profitable based on future reinsurance and all other perils (“AOP”) costs. Our underwriting technology has been an important component of our success and is
backed by our proprietary $6 trillion total insured value (“TIV”) underwriting and claims dataset, which provides us with real-time intelligence to drive superior decision making. We believe that traditional markets inefficiently and
inaccurately underwrite coastal specialty risks without properly understanding prospective loss ratios and reinsurance costs. We believe other insurance companies do not have the same ability to assess these metrics in real time and their technology
limits their ability to consistently select profitable policies. We believe our underwriting technology allows us to more accurately assess the future cost of each policy, which enables us to focus on profitable growth opportunities often overlooked
or mispriced by our competitors. We believe our proprietary technology combined with our highly experienced and entrepreneurial leadership team allow us to make better underwriting decisions that generate higher margins for our business.

We market and write insurance policies through two channels: our independent agents and DTC. As we continue to scale our operations, we
anticipate that our DTC distribution will grow as well through our focus on accretive market opportunities.

We have significantly grown
our business and scaled it profitably in our targeted coastal specialty markets by leveraging our seasoned management team, technology and strong balance sheet. We have grown our

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shareholders’ equity from $102 million at the end of 2021 to $238 million at the end of 2023, a compound annual growth rate (“CAGR”) of 52%. In this same time period, we
have grown from $0 of in force premium to $875 million at the end of 2023, while running an average consolidated combined ratio of 82.7%. Our return on equity and combined ratio were 18.8% and 89.6% for 2022, and 46.9% and 78.9% for 2023,
respectively.

For the nine months ended September 30, 2023 and September 30, 2024, we had gross premiums written of $555 million
and $939 million, policy fees