Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 258

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 258
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, unless otherwise stated) software. The Company determined a fair value of $821 for this data. During 2022, Company 2 was placed into receivership by the FLOIR and data refreshes were discontinued. As a result, the Company determined the value of the data was not impaired and that the useful lives of the intangible data asset should be changed from indefinite to three years. The Company recorded deferred revenue of $90 in 2021 for the promised software license to Company 2. Due to the receivership and discontinued operations of Company 2 in 2022, the Company has written off deferred revenue of $90 in 2022. As a result of this writeoff, the carrying value of the intangible asset was reduced from $821 to $732. Amortization totaled $215 and $246 for 2023 and 2022, respectively. Renewal Rights – SJIG Target LLC In the first quarter of 2022, the Company acquired the renewal rights for over 60,000 policies via the acquisition of SJIG for $25 million. The purchase price included $15 million of cash and $10 million of notes issued to the former owners of SJIG, maturing in 2027. The acquired renewal rights were determined to have useful life of 46 months, ending December 31, 2025. In 2023 and 2022, amortization of the renewal rights totaled $6,522 and $5,435, respectively. For the years ended December 31, 2023 and 2022, goodwill was $2,603 and $2,603, respectively.

|                                     |     |   |  2023 |     |   |  2022 |
|:------------------------------------|:----|:--|------:|:----|:--|------:|
| Goodwill balance, beginning of year |     | $ | 2,603 |     | $ |     — |
| Goodwill acquired                   |     |   |     — |     |   | 2,603 |
| Goodwill balance, end of year       |     | $ | 2,603 |     | $ | 2,603 |

The table below details the finite-lived intangible assets, net as of December 31, 2023 and the indefinite and finite-lived intangible assets for December 31, 2022, respectively:

|                                  |     | For the year ended December 31, 2023 |        |