Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 9

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 9
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 across each full year of operation. Over the past twelve years at the helm of Heritage and Slide, Mr. Lucas has generated positive net earnings every full year of operation and
has averaged an 85% combined ratio over the course of his insurance career. Additionally, our senior management team has an average of 25 years of experience in the insurance industry and have deep insurance expertise and longstanding relationships
with reinsurers, capital providers, state regulators and distribution partners, which have been critical in driving our success to date. We place great emphasis on developing a winning and entrepreneurial culture, empowering employees to make
decisions that meet our high standards of excellence and financial targets, which allows us to attract, retain and develop top talent.

Fully integrated claims management

We believe that properly managing claims is an important component of our success. With the exception
of hurricane claims, we manage all aspects of the claims process in-house including field inspections, desk adjusting and legal. We promptly and thoroughly investigate all claims, and leverage both our systems
and underwriters to gather the relevant facts. When we believe claims are without merit, we vigorously contest payment. When we believe claims are valid, we aim to expedite payments quickly to provide a superior experience to our customers. We
believe that managing claims cycle times is an often overlooked metric that reduces loss ratios if claims are administered and closed quickly. We believe we have a track record of superior claims handling compared to our competitors including claims
from catastrophic events.

Robust and conservative reinsurance framework built on strong relationships with highly rated counterparties

We manage our exposure to catastrophic events through strong underwriting discipline and the purchase of reinsurance. Our relationships
with highly rated reinsurers have been developed as a result of our management team’s industry experience and reputation for selective underwriting and generating strong underwriting profits. We seek a diversified portfolio of reinsurance with
the use of traditional reinsurance capacity, utilization of the Florida Hurricane Catastrophe Fund (“FHCF”), and the use of multi-year catastrophe bonds. While reinsurance does not relieve us from our obligations, we strategically purchase
reinsurance from third parties to protect our capital base from severity events related to severe convective storms and hurricanes. At peak hurricane season, estimated as of September 30, 2024, we purchased catastrophe excess of loss
reinsurance to the 194-year return period, well in excess of the 130-year return period primarily used in Florida and required by our rating agency and regulators. As

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