Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 164

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 164
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 better construction standards perform better in catastrophe events and have lower reinsurance costs. The Company utilizes this information to compare the overall risk profile of the Company’s policies to Citizens’ policies, and the change in risk profile when combined together. Specifically, the Company generally evaluates the following risk characteristics when determining the Citizens policies it proposes to assume in a given period: Primary Risk Characteristics:

| • |     | Construction. Construction is important as it’s the elemental feature of the structure being insured.                                                                                                                                         
 In Florida, based on management’s experience, masonry (i.e., bricks), wood frames, and reinforced concrete structures are the primary types of structures that are used in residences. Masonry is the most common building matter and is more 
 structurally sound than wood frames. However, reinforced concrete structures are built to handle hurricanes better than both wood frame and masonry.                                                                                          |

| • |     | Occupancy. Understanding if the building is a single family, multi-family, condominium, or other occupancy                                                                     
 is important to understand its vulnerability to hurricanes. In the Company’s catastrophe models, in general a single family performs better than multi-family and condominium. |

| • |     | Stories. The Company views the number of stories of a dwelling as a critical component when underwriting                                                                                                                                                
 commercial residential or personal residential policies. If a structure is over seven stories, then the Company can make a reasonable assessment that its construction is superior and has a concrete roof deck, which is likely to perform better in a 
 hurricane than a non-concrete roof deck. Concrete has great compressive strength and low tensile strength, therefore concrete suspended as a roof deck will always have to be reinforced for it to exist and                                            
 function as intended based on the building code in effect.                                                                                                                                                                                              |

| • |     | Year Built. The year in which a dwelling was built is critical for the Company’s analysis of which                                                                                                                                                     
 policies it assumes, because it is the basis for understanding what building codes the structure was built in accordance with. There have been many updates over the years to the Florida Building Code (the “FBC”) which governs construction         
 standards in Florida. Two important updates were in 1994 when building codes in Miami-Dade and Broward counties became more stringent following Hurricane Andrew and in 2002 when the rest of the state of Florida adopted similar codes following the 
 1994                                                                                                                                                                                                                                                   |

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| updates to the FBC with respect to Miami-Dade and Broward counties. Older properties with less stringent building codes are likely