Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 112

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 112
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 claims development(1) |     |                         |    55.7 | % |     |   |    69.3 | % |     |   |   (13.6 | )% |     |     |    (20.0 | )% |
| Policy acquisition expense ratio                                                 |     |                         |    10.8 | % |     |   |    13.3 | % |     |   |    (2.5 | )% |     |     |    (18.8 | )% |
| Debt to capitalization ratio                                                     |     |                         |     8.3 | % |     |   |    12.9 | % |     |   |    (4.6 | )% |     |     |    (35.7 | )% |
| Return on equity                                                                 |     |                         |    60.0 | % |     |   |    46.9 | % |     |   |    13.1 | %  |     |     |     27.9 | %  |
| Return on tangible equity(2)                                                     |     |                         |    62.7 | % |     |   |    53.2 | % |     |   |     9.5 | %  |     |     |     17.9 | %  |

| (1) | Non-GAAP financial measure. See “Prospectus                                                                                                                                                                                        
 Summary—Summary Consolidated Financial and Other Data” for a reconciliation of the combined ratio, excluding catastrophic losses & prior year claims development to the combined ratio, the most directly comparable GAAP measure. |

| (2) | Non-GAAP financial measure. See “Prospectus Summary—Summary Consolidated Financial and Other                            
 Data” for a reconciliation of return on tangible equity to return on equity, the most directly comparable GAAP measure. |

77

Revenue Gross premiums written.Gross premiums written increased from $874.7 million for the year ended December 31, 2023 to $1,333.9 million for the year ended December 31, 2024. The increase in net premiums written was primarily a result of policies assumed from Citizens, new policies written resulting from acquired renewal rights of Florida homeowners’ policies with effective dates of February 2024 and later from Truck Insurance Exchange, a subsidiary of Farmers Insurance Company, Inc. (“Farmers”), and increased renewals of existing policies. The following table summarizes