Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 112

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 112
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 tax law. Key Metrics & Ratios We discuss certain key financial and operating metrics, described below, which provide useful information about our business and the operational factors underlying our financial performance. 75

Loss ratio, expressed as a percentage, is the ratio of losses and loss adjustment
expenses incurred, net to net premiums earned.

Policy acquisition expense ratiois the ratio, expressed as a percentage, of policy
acquisition expenses and other underwriting expenses to net premiums earned.

Expense ratio, expressed as a percentage, is
the ratio of policy acquisition and other underwriting expenses, general and administrative expenses, and other operating expense to net premiums earned.

Combined ratio is the sum of the loss ratio and the expense ratio. A combined ratio under 100% indicates an underwriting profit. A
combined ratio over 100% indicates an underwriting loss.

Combined ratio, excluding catastrophic losses& prior year claims development is a non-GAAP financial measure. We define the combined ratio, excluding catastrophic losses & prior year claims development as the sum of the loss ratio, excluding losses associated with catastrophic losses and prior
year claims development, and the expense ratio. We use the combined ratio, excluding catastrophic losses & prior year claims development as an internal performance measure in the management of our operations because trends in our business may be
obscured by current year catastrophe losses and prior year claims development. Current year catastrophe losses cause our loss trends to vary significantly between periods as a result of their frequency of occurrence and magnitude, and can have a
significant impact on the combined ratio. Prior year claims development is caused by unexpected loss development on historical reserves. See “ProspectusSummary—SummaryConsolidatedFinancialand OtherData” for a reconciliation of the combined ratio, excluding catastrophic losses & prior year claims development to the combined ratio, the most directly comparable GAAP measure.

Debt to capitalization ratio is the ratio, expressed as a percentage, of total outstanding debt to total capitalization.

Return on equity represents net income expressed on an annualized basis as a percentage of average beginning and ending
shareholders’ equity during the period.

Return on tangible equityis a non-GAAP
financial measure. We define tangible shareholders’ equity as shareholders equity less goodwill and other intangible assets. We define return on tangible equity as net income expressed on an annualized basis as a percentage of average beginning
and ending tangible shareholders’ equity during the period. We regularly evaluate acquisition opportunities and have historically made acquisitions that affect shareholders’ equity. We use return on tangible equity as an internal