Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 8

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 8
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We believe that our competitive strengths include:

Expertise in coastal specialty markets

We believe coastal markets are more challenging to underwrite because of the complex underlying risk exposure, reinsurance costs and building
codes, thereby, leading many carriers to often misprice or avoid coastal risks altogether. Consequently, coastal specialty markets commonly have low underwriting capacity despite high population density. We believe the combination of these
characteristics creates a highly scalable, niche market where premium per policy and underwriting margins are attractive as long as the risk is appropriately priced. Our proprietary dataset, underwriting technology and experienced management
team help us to better underwrite coastal specialty properties.

Superior underwriting technology

We believe that traditional insurers use an ineffective, retrospective approach to underwriting that often results in poor underwriting
performance. These insurers typically do not have a good understanding of prospective reinsurance costs, which are typically the highest expense component of coastal specialty policies.

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Our proprietary underwriting technology allows us to more accurately determine prospective reinsurance costs to ensure that our pricing model is appropriately pricing risk at profitable levels.
Our technology has been developed using our proprietary $6 trillion TIV dataset and actual claims experience and is a key component of our underwriting model for large scale transactions. Our actual claims experience has outperformed our
underwriting models, demonstrating the effectiveness of the underwriting platform. Our technology is fully embedded in our underwriting process and has the ability to analyze large datasets quickly and accurately, including the review of our current
portfolio, policies acquired from Citizens Property Insurance Corporation (“Citizens”) and privately assumed portfolios. Since our technology is embedded in our underwriting process, it allows us to dynamically price risk in real time. Our
user-friendly interface allows agents to quickly determine policy terms and can bind policies within minutes.

Entrepreneurial management team with a track record of success

We are led by a highly experienced and entrepreneurial executive management team, including our
founder and CEO, Bruce Lucas, who has over 15 years of experience in the financial services industry including twelve years of leadership experience as a CEO in coastal specialty markets within Florida and the northeastern states along the Atlantic
coast, California and Hawaii. Mr. Lucas previously founded and led Heritage Insurance Holdings (NYSE: HRTG) as its Chairman and CEO from 2012 to 2020. Under his leadership, Heritage saw a 21% CAGR in its book value per share and a 49% CAGR in
gross premiums written while also averaging an 86% combined ratio