Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 143

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 143
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 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 shareholders’ equity from $102 million at the end of 2021 to
$238 million at the end of 2023, 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 $555.4 million and $939.3 million, policy fees of $2.6 million and $5.1 million, consolidated combined ratio of 80.5% and 76.8% and net income
of $55.2 million and $125.6 million, respectively. As of September 30, 2024,

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we had total assets of $1.6 billion, shareholders’ equity of approximately $369 million and tangible shareholders’ equity of approximately $357 million. For the nine
months ended September 30, 2024, we had a return on equity of 41.5% and a return on tangible equity of 43.7%. For the years ended December 31, 2022 and December 31, 2023, we had