Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 121

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 121
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 intangible asset being fully amortized at the end of 2024.

Income tax expense.Income tax expense was $18.6 million and $31.4 million for the three months ended March 31, 2024 and
2025, respectively. Our effective tax rate for the three months ended March 31, 2024 and 2025 was 25.4% for both periods.

Ratios

Loss ratio. Our loss ratio decreased from 42.0% for the three months ended March 31, 2024 to 31.5% for the three months ended March 31, 2025, primarily as a result of increased net premiums earned from increased policies in force and
a decrease in catastrophe losses from non-hurricane weather activity.

Expenseratio. Our expense ratio
increased from 24.7% for the three months ended March 31, 2024 to 27.4% for the three months ended March 31, 2025, primarily due to a reduction in premiums earned from Citizens policies in the assumption period with reduced policy
acquisition costs.

Combined ratio.Our combined ratio decreased from 66.7% for the three months ended March 31, 2024
to 58.9% for the three months ended March 31, 2025, primarily as a result of increased net premiums earned from increased policies in force and a decrease in catastrophe losses from non-hurricane weather activity.

Combinedratio,excludingcatastrophiclosses&prioryearclaimsdevelopment. Our combined ratio, excluding catastrophic losses & prior year claims development increased from 56.7% for the three months ended March 31, 2024
to 60.8% for the three months ended March 31, 2025, primarily as a result of a reduction in premiums earned from Citizens policies in the assumption period with reduced policy acquisition costs.

Policyacquisitionexpenseratio. Our policy acquisition expense ratio increased from
9.1% for the three months ended March 31, 2024 to 10.7% for the three months ended March 31, 2025, primarily as a result of a reduction in premiums earned from Citizens policies in the assumption period with reduced policy acquisition
costs.

Debt to capitalizationratio. Our debt to capitalization ratio decreased from 10.5% for the three
months ended March 31, 2024 to 6.6% for the three months ended