Company: SLDE
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0000950170-25-107317
Chunk: 0

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 0
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Slide Insurance Holdings, Inc.

Condensed Consolidated Balance Sheets

(Dollar amounts in thousands, except per share and par value amounts)

     June 30, 2025

     December 31, 2024

     (Unaudited)

     ASSETS

     Invested assets:

     Fixed-maturity securities, available-for-sale, at estimated fair value (amortized costs: $447,435   and $464,585, respectively and allowance for credit losses: $0 and $0 respectively)
      
     $
     454,550

     $
     464,966

     Other investments, net

     4,212

     4,548

     Total invested assets
      
     $
     458,762

     $
     469,514

     Cash and cash equivalents

     936,187

     493,409

     Restricted cash

     648

     631

     Restricted cash - variable interest entity

     478,913

     295,802

     Accrued interest income

     5,786

     5,569

     Assumed premiums receivable

     22,312

     10,284

     Premiums receivable, net of allowance for credit loss of $1,512 and $1,048, respectively

     69,902

     47,642

     Reinsurance recoverable on paid losses net of allowance for credit loss: $0 and $0, respectively

     45,243

     —

     Reinsurance recoverable on unpaid losses net of allowance for credit loss: $0 and $0, respectively

     240,241

     341,051

     Prepaid reinsurance premiums

     432,733

     148,288

     Deferred tax assets

     15,742

     17,371

     Deferred policy acquisition costs

     71,458

     65,046

     Advanced payments of premium tax liability

     1,115

     —

     Property and equipment, net

     12,812

     13,578

     Right-of-use lease asset, operating

     7,701

     8,390

     Intangibles, net

     3,900

     7,692

     Goodwill

     2,603

     2,603

     Prepaid expenses