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

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 25
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3 |         |
|:------------------------------------------------------------------------------|:----|:-------------------|-------:|:--|:----|:-----|-------:|:--|:----|:-------------|:--------|:----|:-----|:--------|
| Combined ratio                                                                |     |                    |   58.9 | % |     |      |   66.7 | % |     |              | 72.3%   |     |      | 79.0%   |
| Effect of catastrophic losses on combined ratio                               |     |                    |   0.9% |   |     |      |  10.8% |   |     |              | (19.5)% |     |      | (10.6)% |
| Effect of prior year claims development on combined ratio                     |     |                    | (2.7)% |   |     |      | (0.7)% |   |     |              | 2.9%    |     |      | 0.9%    |
| Combined ratio, excluding catastrophic losses & prior year claims development |     |                    |   60.8 | % |     |      |   56.7 | % |     |              | 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. Return on equity figures for the three months ended March 31, 2025 and 2024 are not annualized. |

| (8) | Return on tangible equity is a non-GAAP financial measure. We define                                                                                                                                                                                 
 tangible shareholders’ equity as shareholders’ equity less goodwill and other intangible assets. We define return on tangible equity as net income expressed on an annualized basis as a percentage of average beginning and ending tangible         
 shareholders’ equity during the period. We regularly evaluate acquisition opportunities and have historically made acquisitions that affect shareholders’ equity. We use return on tangible equity as an internal performance measure in the         
 management of our operations because we believe it gives our management