Company: SLDE
Filing Date: 2025-06-18
Form Type: 424B4
Source: 0001193125-25-142810
Chunk: 166

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-18
Form: 424B4
Chunk 166
---
 reserves estimates are based upon past loss experience modified for current trends as well as prevailing economic, legal and social conditions and facts and circumstances known at the time and are subject to significant uncertainty. The reserves are maintained net of estimated related salvage and subrogation recoverables and reinsurance recoverables. Once a claim is reported, we establish a case reserve for the estimated amount of the expected payment after an appropriate assessment of coverage, damages and any additional investigation needed, including information received from the claims adjuster. Our estimate is based on general insurance reserving practices and on the experience and knowledge of our claim adjusters regarding the nature and value of the specific type of claim. We periodically adjust case reserves based on subsequent developments associated with each claim. 121

IBNR reserves are established in accordance with industry practice to provide for the estimated amount of future loss and LAE payments on incurred claims that have not yet been reported to us as well as potential development on reported claims. IBNR reserves are estimated based on generally accepted actuarial reserving techniques that consider quantitative loss experience data and additional qualitative factors. We take a conservative approach to loss reserves. We review loss reserves at least on a monthly basis using a variety of forecasting techniques that consider paid and incurred loss and LAE and reported claim counts. We update the reserve estimates as historical loss experience develops, additional claims are reported or settled and new information becomes available. As of December 31, 2024, our reserves exceeded the actuarial point estimate derived from commonly accepted actuarial principles by $91.3 million. During the year ended December 31, 2024, our net incurred losses and LAE for accident years 2022 and 2023 developed favorably by $23.0 million. This favorable development was driven by a better than expected claims experience and lower loss adjustment expenses in our Florida residential policies. The following table illustrates, as of December 31, 2024, development of the estimated liability for losses and loss adjustment expenses from January 1, 2023 through December 31, 2023.

|                                                          |     | Period ended          
 December 31, 2024     |         |
|:---------------------------------------------------------|:----|:----------------------|--------:|
|                                                          |     | -Dollars in thousands |         |
| Original estimated losses and loss adjustment expense    |     | $                     | 326,754 |
| Re-estimated losses and loss adjustment expense one year 
 later                                                    |     |                       | 303,785 |