Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 119

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 119
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 | 348,029 |   |

| (1) | Refers to policies originated by Slide through its independent agents, as well as through its direct-to-consumer channel. For the periods presented, new policies written directly to customers represent less than 1% of policies written in the organic channel. |

| (2) | Includes all policies that expired during the period presented, including policies that were eventually renewed 
 by customers during the period presented.                                                                       |

All of our policies acquired during the three months ended March 31, 2024, were a result of our participation in the Citizens take-outprogram. Our policies acquired during the three months ended March 31, 2025 decreased by 36,441 policies, or 75%, compared to the prior year as a result of a decrease in policies acquired from Citizens during the period. Our policies written during the three months ended March 31, 2025 decreased by 1,739 policies, or 23%, as a result of fewer organic policies written. In addition, for the three months ended March 31, 2025, our policy renewals increased by 20,606, or 67%, as a result of the renewal of policies acquired from Citizens as compared to the same period in 2024 and organic policy renewals. For the three months ended March 31, 2025, our policy renewal rate was 82%, a decrease from 86% for the same period in 2024. Our average premium per policy increased from $4,053 at March 31, 2024 to $4,073 at March 31, 2025, as a result of the addition of commercial residential (“CRES”) policies, which have a higher average premium. Gross premiums earned.Gross premiums earned increased from $237.4 million for the three months ended March 31, 2024 to $350.9 million for the three months ended March 31, 2025. Our policies in force as of March 31, 2024 and March 31, 2025 were approximately 257,405 and 348,029 respectively, and this increase had a favorable impact on our gross premiums earned. Ceded premiums earned.Ceded premiums for the three months ended March 31, 2024 and 2025 were approximately $49.3 million and $84.9 million, respectively, representing 20.8% and 24.2%, respectively, of gross premiums earned. The $35.6 million