Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 114

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 114
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 %) |     |     |    (13.0 | %) |
| Policy acquisition expense ratio                                                 |     |                                 |     10.0 | % |     |   |     14.6 | % |     |   |    (4.6 | %) |     |     |    (31.2 | %) |
| Debt to capitalization ratio                                                     |     |                                 |      9.9 | % |     |   |     12.9 | % |     |   |    (3.0 | %) |     |     |    (23.2 | %) |
| Return on equity                                                                 |     |                                 |     41.5 | % |     |   |     32.5 | % |     |   |     9.0 | %  |     |     |     27.6 | %  |
| Return on tangible equity(2)                                                     |     |                                 |     43.7 | % |     |   |     38.0 | % |     |   |     5.7 | %  |     |     |     15.1 | %  |

| (1) | Non-GAAP financial measure. See “Prospectus                                                                                                                                                                                        
 Summary—Summary Consolidated Financial and Other Data” for a reconciliation of the combined ratio, excluding catastrophic losses & prior year claims development to the combined ratio, the most directly comparable GAAP measure. |

| (2) | Non-GAAP financial measure. See “Prospectus                                                                                                                              
 Summary—Summary Consolidated Financial and Other Data” for a reconciliation of return on tangible equity to return on equity, the most directly comparable GAAP measure. |

77

Revenue Gross premiums written. Gross premiums written increased from $555.4 million for the nine months ended September 30, 2023 to $939.3 million for the nine months ended September 30, 2024. The increase in net premiums written was primarily a result of policies assumed from Citizens, the acquisition and subsequent renewals of Truck Insurance Exchange, a subsidiary of Farmers Insurance Company, Inc. (“Farmers”) Florida homeowners’ policies with effective dates of February 2024 and later and increased renewals of existing policies. The following table summarizes the sources of our written policies in force at September 30, 2023 and September 30, 2024:

|                                            |     | St. Johns 
 Insurance 
 Company   
 Policies  |