Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 117

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 117
---
 in catastrophe losses from hurricane weather activity.

Expense ratio. Our expense ratio decreased from 35.2% for the year ended December 31, 2023 to 29.5% for the year ended
December 31, 2024, primarily due to an increase in Citizens policies assumed without acquisition costs.

Combined ratio.Our
combined ratio decreased from 79.0% for the year ended December 31, 2023 to 72.3% for the year ended December 31, 2024, primarily as a result of an increase in Citizens policies assumed without acquisition costs.

Combined ratio, excluding catastrophic losses& prior year claims development. Our combined ratio, excluding
catastrophic losses & prior year claims development decreased from 69.3% for the year ended December 31, 2023 to 55.7% for the year ended December 31, 2024, primarily as a result of the decrease in expense ratio and increased earned
premiums offset by an increase in named storms in 2024.

Policy acquisition expense ratio.Our policy acquisition expense
ratio decreased from 13.3% for the year ended December 31, 2023 to 10.8% for the year ended December 31, 2024, primarily as a result of increased assumptions of Citizens policies.

Debt to capitalization ratio. Our debt to capitalization ratio decreased from 12.9% for the year ended December 31, 2023 to 8.3%
for the year ended December 31, 2024, primarily as a result of growth in retained earnings from net income for the year ended December 31, 2024.

Return on equity.Our return on equity increased from 46.9% for the year ended December 31, 2023 to 60.0% for the year ended
December 31, 2024 as a result of increased policies in force and decreased policy acquisition costs.

Return on tangible equity. Our return on tangible equity increased from 53.2% for the year ended December 31, 2023 to 62.7% for the year ended December 31, 2024 as a result of increased policies in force and decreased policy acquisition costs.

80

Liquidity and Capital Resources We are organized as a Delaware holding company with our operations primarily conducted by our wholly owned insurance company subsidiaries, SIC (domiciled in the State of Florida), Slide Reinsurance Holdings, LLC (a holding company which owns