Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 251

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 251
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 | 2024    
 Written |           |   |     | Earned |           |   |     | 2023    
 Written |          |   |     | Earned |          |   |
|:----------------|:----|:--------|----------:|:--|:----|:-------|----------:|:--|:----|:--------|---------:|:--|:----|:-------|---------:|:--|
| Direct premiums |     | $       | 1,333,864 |   |     | $      | 1,097,300 |   |     | $       |  874,726 |   |     | $      |  595,085 |   |
| Ceded premiums  |     |         |  (368,467 | ) |     |        |  (304,861 | ) |     |         | (203,780 | ) |     |        | (153,673 | ) |
| Net premiums    |     | $       |   965,397 |   |     | $      |   792,439 |   |     | $       |  670,946 |   |     | $      |  441,412 |   |

SIH ceded losses and loss adjustment expenses of $318,889 and $60,656 in 2024 and 2023, respectively. Based on all available information considered in the rating based method described in Note 1 — “Summary of Significant Accounting Policies,” the Company recognized a credit loss expense of $0 and $0 for the year ended December 31, 2024 and 2023 respectively.

| 12. | Revolving Credit Facility |

The Company has a secured revolving credit agreement (“Credit Agreement”) with Regions Bank that currently provides borrowing capacity of up to $10 million and expires on June 25, 2029. The Credit Agreement secured by the Company’s properties was executed June 25, 2024. On June 25, 2024, the Company entered into an amended and restated credit agreement with Regions Bank for a $10.0 million revolving credit facility, a term loan in an aggregate principal amount of $40.0 million and one or more delayed draw term loans in an aggregate principal amount not to exceed $125.0 million (together, the “Credit Facility”). Under the terms of the Credit Facility, borrowings bear interest at an annual rate equal to the three month Secured Overnight