Company: SLDE
Filing Date: 2025-06-18
Form Type: 424B4
Source: 0001193125-25-142810
Chunk: 135

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-18
Form: 424B4
Chunk 135
---
 losses and LAE represent our best estimate of the ultimate cost of settling
reported and unreported claims and related expenses. Estimating reserves for losses and LAE is based on various complex and subjective judgments. Actual losses and settlement expenses paid may deviate, perhaps substantially, from the reserve
estimates reflected in our financial statements. Similarly, the timing for payment of our estimated losses is not fixed and is not determinable on an individual or aggregate basis. The assumptions used in estimating the payments due by period are
based on our own, industry and peer group claims payment experience. Due to the uncertainty inherent in the process of estimating the timing of such payments, there is a risk that the amounts paid in any period will be significantly different than
the amounts disclosed above. Amounts disclosed above are gross of anticipated amounts recoverable from reinsurers. Reinsurance balances recoverable on reserves for losses and LAE are reported separately as assets, instead of being netted with the
related liabilities, since reinsurance does not discharge us of our liability to policyholders. Reinsurance balances recoverable on reserves for paid and unpaid losses and LAE totaled $115.0 million and $341.1 million at December 31,
2023 and December 31, 2024, respectively.

Financial Condition

Stockholders’ Equity

As of March 31, 2025, stockholders’ equity was $532.4 million. As of December 31, 2024 and 2023, total stockholders’ equity was
$433.2 million and $237.6 million, respectively. The increase was primarily due to increased retained earnings.

Investment Portfolio

Our primary investment objectives are to maintain liquidity, preserve capital and generate a stable level of investment income. We purchase
securities that we believe are attractive on a relative value basis and seek to generate returns in excess of predetermined benchmarks. Our Board of Directors determines our investment guidelines in compliance with applicable regulatory restrictions
on asset type, quality and concentration.

Our cash and invested assets consist of cash and cash equivalents, fixed maturity securities
and equity securities. As of March 31, 2025, the majority of our investments, or $457.0 million, was comprised of fixed income securities rated BBB- or better. Our investments also include $4.4 million of other securities. In addition, we maintained
a non-restricted cash and cash equivalent balance of $613.7 million and a restricted cash balance of $283.2 as of March 31, 2025