Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 130

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 130
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 Florida), Slide Reinsurance Holdings, LLC (a holding company which owns 100% of shares of segregated cell T104 of White Rock Insurance (SAC) LTD.) and our services companies Slide MGA, LLC, Clegg Insurance Advisors, LLC D/B/A Homefront, STAT Claims Co., and Trusted Mitigation Contractors. The holding company may receive cash through (i) capital contributions or issuance of equity and debt securities, (ii) dividends from our insurance company subsidiaries and (iii) distributions from our services companies. We may use these proceeds to contribute funds to our insurance company subsidiaries to support growth, pay dividends, pay taxes, or for other corporate purposes. SIC can only pay dividends to the holding company out of its available and accumulated surplus funds, which are derived from realized net operating profits on its business and net unrealized capital gains. Dividend payments without prior written approval of the FLOIR shall not exceed the larger of:

| • |     | The lesser of 10% of surplus or net income, not including realized capital gains, plus a two-year carryforward; |

| • |     | Ten percent of surplus, with dividends payable constrained to unassigned funds, minus 25% of unrealized capital 
 gains;                                                                                                          |

| • |     | The lesser of 10% of surplus or net investment income plus a three-year carryforward with dividends payable 
 constrained to unassigned funds minus 25% of unrealized capital gains; and                                  |

| • |     | In lieu of the above computations, the maximum dividend allowed by SIC may be up to the greater of 10% of surplus                                                                                                                                     
 derived from realized net operating profits and realized capital gains or net operating profits and net realized capital gains from the immediately preceding calendar year, limited to 115% of minimum required surplus after dividends. The maximum 
 dividend allowable by SIC is $12,737,000.                                                                                                                                                                                                             |

No dividends were paid by SIC in 2024 and 2023. Florida Statute Section 624.408 requires SIC to maintain a minimum level of surplus of not less than the greater of 10% of its total liabilities, or $15.0 million. Based on this requirement, SIC was required to maintain capital and surplus of $70.8 million and $51.1 million as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, SIC’s statutory-basis surplus totaled $208.