Company: SLDE
Filing Date: 2025-04-28
Form Type: DRSLTR
Source: 0000950123-25-003800
Chunk: 1

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-28
Form: DRSLTR
Chunk 1
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.While a “lesser component of an entity” can constitute a business, an individual policy or a group of individually selected policies should not be viewed as rising to that level. In advance of each policy selection date, Citizens makes available a database providing extensive information about policies available to be acquired on such date. There are hundreds of millions of data points that the Company analyzes for

| CONFIDENTIAL |

each policy selection date. The data for each selection date is different because policies are added, removed, modified by the policyholder through endorsements, three months of rolling blackouts, and rate increases are applied by Citizens at different times. The Company analyzes each individual policy at Citizens and underwrites each policy based on the data provided by Citizens. The Company then analyzes each individual policy combined with the Company’s current portfolio and selects individual policies that the Company believes will produce the best underwriting results for the particular selection date. There are millions of iterations of policies that can be selected by the Company on each selection date, and no two dates are identical. In order to underwrite each Citizens’ policy, the Company uses its proprietary software and artificial intelligence to sort through all of the policies available to it so it can select the individual policies that produce the best combination of underwriting results. The underwriting criteria and exposure management thresholds are based on numerous criteria including:

| • |     | Policy type |

| • |     | Coverage limit minimums |

| • |     | Ineligible risks |

| • |     | Territory performance |

| • |     | Roof type, roof age, roof shape, roof materials |

| • |     | Reasonableness of replacement cost estimate |

| • |     | Distance to coast |

| • |     | 90-day blackout period |

| • |     | Agent appointment with Slide |

| • |     | Number of losses reported |

| • |     | Construction materials: frame, block, masonry veneer, fire resistive |

| • |     | Reinsurance costs |

| • |     | Citizen’s renewal premium vs. the Company’s renewal premium |

| • |     | Financial performance based on date of selection |

| • |     | Numerous additional underwriting characteristics |

Every policy selection date is different and contains different policies and data points. In addition, every selection date produces a unique financial performance. For example, policy selection criteria are different when evaluated for a selection date in October vs. April as each unique set of policies selected by the Company will perform differently based on when the policy is selected by the