Company: SLDE
Filing Date: 2025-06-18
Form Type: 424B4
Source: 0001193125-25-142810
Chunk: 121

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-18
Form: 424B4
Chunk 121
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increased software costs related to increased policies in force. Professional services expenses decreased from $6.1 million to $2.1 million for the three months ended March 31, 2024 and 2025 respectively. This decrease is attributed
to reduced costs from third parties in servicing policies in force.

Interest expense.Interest expense increased from
$0.3 million for the three months ended March 31, 2024 to $0.9 million for the three months ended March 31, 2025. The increase was due primarily to the increase in outstanding debt.

Depreciation expense.Depreciation expense for the three months ended March 31, 2024 and 2025 were $0.3 and $1.1 million,
respectively. The increase was due primarily to depreciation of capitalized costs of internal-use software projects that were put into production in 2024.

Amortization expense. Amortization expense for the three months ended March 31, 2024 and 2025 were $2.0 million and
$1.9 million, respectively, representing 1.1% and 0.7%, respectively, of net premiums earned. The decrease was due primarily to an 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