Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 277

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 277
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 equal to or greater than five percent of pretax income from operations by the applicable
federal statutory rate. ASU 2023-09 is effective for all public entities for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is evaluating its impact on income tax
disclosure.

F-42

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2024 and 2023 (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) The Company does not believe this accounting pronouncement has or will have a material impact on its consolidated financial statements.

| 2. | Cash, Cash Equivalents, and Restricted Cash |

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.

|                                            |     | December 31, |    2024 |     |   |    2023 |
|:-------------------------------------------|:----|:-------------|--------:|:----|:--|--------:|
| Cash and cash equivalents                  |     | $            | 493,409 |     | $ | 334,546 |
| Restricted cash                            |     |              |     631 |     |   |     616 |
| Restricted cash - variable interest entity |     |              | 295,802 |     |   | 107,200 |
| Total                                      |     | $            | 789,842 |     | $ | 442,362 |

At December 31, 2024, $98,850 or 12.5% of the Company’s cash and cash equivalents were deposited at one national bank and included $83,687 with four custodians. At December 31, 2023, $83,948 or 19.0% of the Company’s cash and cash equivalents were deposited at one national bank and included $79,774 with two custodians. At December 31, 2024 and 2023, the Company’s cash deposits at any one bank generally exceed the Federal Deposit Insurance Corporation’s $250,000 coverage limit for insured deposit accounts. For those banks where the Company’s deposits exceed $250,000, the Company regularly reviews the financials reports and credit ratings of the banks for any indication of financial stress. The Company determined that no indication of financial