Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 23

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 23
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 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. The combined ratio, excluding catastrophic losses & prior year claims development should not be viewed as a substitute for the combined ratio calculated in  
 accordance with GAAP and other companies may define the combined ratio, excluding catastrophic losses & prior year claims development differently. A reconciliation                                                                                   |

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| of the combined ratio, excluding catastrophic losses & prior year claims development to the combined ratio, which is the most comparable financial metric prepared in accordance with GAAP, for 
 the periods presented follows:                                                                                                                                                                  |

|                                                                               |     | Year Ended   
 December 31, 
 2024         |         |     | 2023 |         |
|:------------------------------------------------------------------------------|:----|:-------------|:--------|:----|:-----|:--------|
| Combined ratio                                                                |     |              | 72.3%   |     |      | 79.0%   |
| Effect of catastrophic losses on combined ratio                               |     |              | (19.5)% |     |      | (10.6)% |
| Effect of prior year claims development on combined ratio                     |     |              | 2.9%    |     |      | 0.9%    |
| Combined ratio, excluding catastrophic losses & prior year claims development |     |              | 55.7%   |     |      | 69.3%   |

| (5) | Policy acquisition expense ratio is the ratio, expressed as a percentage, of policy acquisition expenses and 
 other underwriting expenses to net premiums earned.                                                          |

| (6) | Debt to capitalization is the ratio, expressed as a percentage, of total outstanding debt to total 
 capitalization.                                                                                    |

| (7) | Return on equity represents net income expressed on an annualized basis as a percentage of average beginning 
 and ending shareholders’ equity during the period.                                                           |

| (8) | Return on tangible equity is a non-GAAP financial measure