Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 135

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 135
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) if the consolidated total leverage ratio is greater than or equal to 1.50:1.00,
2.75%, and (ii) for SOFR based loans, the rate per annum equal to the SOFR reference rate for a forward-looking tenor comparable to the then applicable or selected (as applicable) interest period, determined as of a periodic term

89

SOFR determination date, or the floor of 0.00% per annum, if applicable, plus an applicable margin of (x) if the consolidated total leverage ratio is less than 1.00:1.00, 3.25%, (y) if the consolidated total leverage ratio is greater than or equal to 1.00:1.00 but less than 1.50:1.00, 3.50% or (z) if the consolidated total leverage ratio is greater than or equal to 1.50:1.00, 3.75%. Taxation Deferred Tax Asset and Current Tax Liability We report a deferred tax asset arising from the portion 20% of unearned premiums that are recognized as taxable income in advance of being earned and recognized as income for financial reporting purposes. Accordingly, our income taxes currently paid and payable also reflect this temporary difference between taxable income and earned income reported in our financial statements. Our increase in unearned premium reserves and the associated discount represent approximately $28.2 million. The offset of deferred tax liability for deferred acquisition costs is approximately $16.5 million. The increases in our deferred tax asset from December 31, 2023 through December 31, 2024 reflect the significant unearned premiums arising from our assumption transactions and the additional resulting temporary differences due to certain amounts being taxable in advance of being recognized as earned for financial reporting purposes. Corporate Taxes As a corporation, we are subject to typical corporate U.S. federal and state income tax rates which we expect to result in a statutory tax rate of approximately 25.4% under current tax law. Off-BalanceSheet Arrangements At December 31, 2023, we had an undrawn Line of Credit in the amount of $0.2 million. The line of credit was closed in March 2024. Please see Note 18, Commitments and Contingencies, in the notes to our financial statements included elsewhere in this prospectus for more information. We do not maintain any other off-balancesheet arrangements. Contractual Obligations and Commitments The following table illustrates our contractual obligations and commercial