Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 7

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 7
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 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 $433 million at the end of 2024, a compound annual growth rate (“CAGR”) of 62%. In this same time period, we
have grown from $0 of in force premium to $1,334 million at the end of 2024, while running an average consolidated combined ratio of 80.3%. Our return on equity and combined ratio were 46.9% and 79.0% for 2023, and 60.0% and 72.3% for 2024,
respectively.

For the years ended December 31, 2023 and December 31, 2024, we had gross premiums written of $875 million and
$1,334 million, policy fees of $3 million and $7 million, consolidated combined ratio of 78.9% and 72.3% and net income of $87 million and $201 million respectively. As of December 31, 2024, we had total assets of
$1.9 billion, shareholders’ equity of approximately $433 million and tangible shareholders’ equity of approximately $423 million. For the year ended December 31, 2024, we had a return on equity of 60.0% and a return on
tangible equity of 62.6%. See “Summary Consolidated Financial and Other Data” for an explanation of how we calculate return on tangible equity, and a reconciliation to return on equity, the most comparable financial metric prepared
in accordance with GAAP.

Our Products

We write several homeowners’, condominium owners’, and commercial residential products in coastal specialty markets in Florida and
South Carolina. As of December 31, 2024, 99.5% of our policies are concentrated in Florida, while 0.5% of our policies are concentrated in South Carolina. Additionally, 74.4% of our policies are concentrated on the coasts of Florida and South
Carolina, determined by the number of policies located in counties that border the Atlantic Ocean. We target coastal zones with high population density and low underwriting capacity that are often ignored or mispriced by our competitors. Our