Company: SLDE
Filing Date: 2025-06-18
Form Type: 424B4
Source: 0001193125-25-142810
Chunk: 119

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-18
Form: 424B4
Chunk 119
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.8% and 24.2%, respectively, of gross premiums earned. The $35.6 million increase was primarily attributable to increased catastrophe reinsurance purchased due to increased policies in force. 80

Net premiums earned.Net premiums earned increased from $188.1 million for the
three months ended March 31, 2024 to $266.0 million for the three months ended March 31, 2025. The increase in net premiums earned in the comparable periods was primarily attributable to assumptions of policies from Citizens and
increased renewals of existing policies.

Net investment income.Net investment income, inclusive of realized investment losses,
increased from $9.6 million for the three months ended March 31, 2024 to $13.8 million for the three months ended March 31, 2025. Our average investable assets increased from $810 million for the three months ended March 31,
2024 to $1,261 million for the three months ended March 31, 2025. The increase in net investment income was due to increased equity from retained earnings and increased policies in force.

Policy fees.Policy fees increased from $1.0 million for the three months ended March 31, 2024 to $1.5 million for the
three months ended March 31, 2025. The increase in policy fees in the comparable periods was primarily attributable to increased renewals of existing policies.

Other income.Other income decreased from $0.5 million for the three months ended March 31, 2024 to $0.2 million for the
three months ended March 31, 2025. The decrease in other income between the comparable periods was primarily attributable to a decrease in commissionable premium produced for other insurance companies.

Total revenue.Total revenue increased from $199.1 million for the three months ended March 31, 2024 to $281.6 million
for the three months ended March 31, 2025. The increase in total revenue was due primarily to an increase in net premiums earned in the comparable periods primarily attributable to assumptions of policies from Citizens and increased renewals of
existing policies.

Expenses

Losses and loss adjustment expenses incurred, net.Losses and loss adjustment expenses incurred, net increased from $79.0 million
(inclusive of catastrophe losses from non-hurricane weather events of $20.3 million) for the three months ended March 31, 2024 to $83.8 million (inclusive of catastrophe losses from