Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 14

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 14
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 include apartment complexes, condominiums,
multi-family homes, and other types of residential units that are owned by corporations, property managers, or real estate investment companies. Relatedly, we recently acquired Pawtucket Insurance Company (“PIC”), a Rhode Island-domiciled
P&C insurance company, from a subsidiary of Heritage Insurance Holdings, Inc. PIC was placed in rehabilitation in May 2023, is currently inactive and has no policies in force or outstanding claims. The transaction received regulatory approval
from the Rhode Island Department of Business Regulation—Insurance Division in early 2025 and closed on February 6, 2025. We intend to re-domicile PIC to South Carolina and rename it Slide Specialty Insurance Company. The re-domiciliation of PIC
will require the approval of the South Carolina Department of Insurance, which is not expected to be received prior to the consummation of this offering.

In the E&S insurance market, insurance carriers are licensed on a “non-admitted” basis. The excess and surplus lines market
often offers insurance carriers more flexibility in terms, conditions and rates than does the admitted market. We believe this will allow us to leverage our deep underwriting and claims expertise while growing our profitable business and
increasingly diversify risks within our portfolio.

Maintaining a conservative investment portfolio

We complement our strong reserve position with a conservative investment portfolio overseen by BlackRock Investment Management, LLC
(“BlackRock”). Our portfolio is mainly comprised of cash and cash equivalents and investment-grade fixed maturity securities. Our fixed maturity securities together comprised 99% of our total investment portfolio as of March 31, 2025,
had a weighted average effective duration of 3.52 years as of March 31, 2025, and an average fixed income credit rating of AA- (Standard & Poor’s) as of March 31, 2025.

Industry Overview

Coastal specialty markets

According to the U.S. Census Bureau, as of 2017, approximately 14% of the total U.S. population (today, approximately
44 million people) lived within 129 coastline counties along the Atlantic seaboard. While the property catastrophe risk along the seaboard is not as high as Florida, it makes up a significant portion of the remaining U.S. property catastrophe
limit. As we enter new coastal territories, we believe we can take advantage of this opportunity to significantly expand the size of our business and explore the expansion of our business into other complementary business lines and organic
distribution channels.

As