Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 142

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 142
---
 2023-1was issued in April 2023 and expires in April 2026 and Series 2023-2was issued in July 2023 and expires in June 2026, and Series 2024-1 was issued in April 2024 and expires in June 2027. The limit of coverage of $410 million is fully collateralized by a reinsurance trust account for the benefit of SIC.SIC makes periodic premium payments to Purple Re during this three-year risk period. Purple Re issued $410 million of principal-at-riskvariable notes to fund the reinsurance trust account and its obligations to SIC under the reinsurance agreement. The maturity date of the notes may be extended up to two additional years to satisfy claims following covered catastrophic events that have occurred during the three-year term of the reinsurance agreement. 2024 – 2025 reinsurance program Our 2024-2025 reinsurance program incorporates the mandatory coverage required by law to be placed with the FHCF. We also have purchased private reinsurance below, alongside and above the FHCF layer. The following describes the layers of our 2024-2025 reinsurance program:

| • |     | Our Retention. We have a consolidated first event retention of $59.4 million of losses and loss                                                                                                                                          
 adjustment expenses, which is made up of $44.8 million of first event captive participation and $14.6 million of captive RPP participation. We have a consolidated second event retention of $44.8 million, which is retained within the 
 captive. We have a consolidated third event retention of $35 million, which is retained within the captive.                                                                                                                              |

| • |     | Layer Below FHCF. Immediately above and alongside our retention, we purchase $340.2 million of                                                                                                                                                      
 reinsurance from highly rated third-party reinsurers. Through the placement of prepaid layers and payment of a reinstatement premium, we have two full limits below the FHCF. To the extent that the limit below the FHCF, or a portion thereof, is 
 exhausted in a first catastrophic event, we have purchased prepaid layers or reinstatement premium protection insurance to pay the required premium necessary for the reinstatement of this coverage.                                               |

| • |     | FHCF Layer. Our FHCF coverage includes an estimated maximum provisional limit of 90% of $792 million,                                                                                                                                           
 or $713 million, in excess of our retention and private reinsurance of $379 million. The limit and retention of our FHCF coverage