Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 282

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 282
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uted in July 2023, whereby the Insurance Entities and SIH received funds previously held in trust by the VIE as agreed to under the commutation. In 2023, SIC entered into reinsurance transactions whereby the VIE provided quota share and catastrophe reinsurance protection to the Insurance Entities for the period of June 1, 2023 through May 31, 2024. The following table presents, on a consolidated basis, the balance sheet classification and exposure of restricted cash held in a reinsurance trust account, which can be used only to settle specific reinsurance obligations of the VIE as of the dates presented.

|                                      |     | December 31, |    2023 |     |   |   2022 |
|:-------------------------------------|:----|:-------------|--------:|:----|:--|-------:|
| Restricted cash and cash equivalents |     | $            | 107,200 |     | $ | 51,936 |

| 26. | Subsequent Events |

On January 23, 2024, SIC assumed approximately 38,657 policies from Citizens Property Insurance Company through its depopulation program. The policies maintained their original expiration date and totaled approximately $80 million of assumed premiums written. On March 19, 2024, SIC assumed approximately 9,943 policies from Citizens Property Insurance Company through its depopulation program. The policies maintained their original expiration date and totaled approximately $24 million of assumed premiums written. F-62

Slide Insurance Holdings, Inc.

Notes to Consolidated Financial Statements

For the years ended December 31, 2023 and 2022

(Dollar amounts in thousands, except share and per share amounts, unless otherwise stated)

The Company reached an agreement to acquire the renewal rights of Truck Insurance Exchange, a subsidiary of
Farmers Insurance Company, Inc., Florida homeowners’ policies. This agreement is effective for policies with effective dates of February 2024 and later. Under the terms of the agreement, Truck Insurance Exchange has approximately 86,000 Florida
homeowners’ policies in effect but given the uncertainty of how many policyholders will renew with the Company, the final impact of this transaction is not known as of the date of these financial statements.

F-63

Shares

Common Stock

Slide Insurance Holdings, Inc.

PRELIMINARY PROSPECTUS

, 2025

Barclays

Morgan Stanley

PART II INFORMATION NOT REQUIRED IN PROSPECTUS Item 13.