Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 132

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 132
---
| Net increase in cash              |     | $                                |                      107,081 |   |     | $    |   82,301 |   |     | $      |  24,780 |   |     |         |  30.1 | %  |     | $    |                 347,480 |   |     | $    |  213,172 |   |     | $      | 134,308 |   |     |         |   63.0 | %  |

For the three months ended March 31, 2025, cash flows provided by operating activities was $96.8 million, a decrease of $92.8 million from the three months ended March 31, 2024, driven by a reduction in unearned premiums due to timing of the assumption of Citizens policies. For the three months ended March 31, 2025, cash flows provided by investing activities was $11.8 million, an increase of $117.9 million from the three months ended March 31, 2024, driven by the reduction in the purchase of investments. For the three months ended March 31, 2025, cash flows used by financing activities was $1.5 million, a decrease of $0.3 million from the three months ended March 31, 2024, driven by increased debt payments as a result of new debt in 2024. For the year ended December 31, 2024, cash flows provided by operating activities was $553.9 million, an increase of $110.9 million from the year ended December 31, 2023, driven by increased renewals of policies in force. For the year ended December 31, 2024, cash flows used in investing activities was $204.0 million, an increase of $46.3 million from the year ended December 31, 2023, driven by growth in the investment portfolio. For the year ended December 31, 2024, cash flows used in financing activities was $2.4 million, a decrease of $22.9 million from the year ended December 31, 2023, primarily driven by preferred stock issued in January 2023. Seasonality of Our Business Our insurance business is seasonal as hurricanes typically occur during the period from June 1 through November 30 each year. With our catastrophe reinsurance program effective on June 1 each year, any variation in the cost of our reinsurance,