Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 262

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 262
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ially all of these model input assumptions are observable in the marketplace or can be derived or supported by observable market data. When observable inputs are not available, the market standard valuation methodologies for determining the estimated fair value of certain types of securities that trade infrequently, and therefore have little or no price transparency, rely on inputs that are significant to the estimated fair value that are not observable in the market, F-44

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2023 and 2022 (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) or which cannot be derived principally from or corroborated by observable market data. These unobservable inputs can be based in large part on management’s judgment or estimation and cannot be supported by reference or market activity. Generally, these investments are classified as Level 3. Other Financial Instruments The Company uses various financial instruments in the normal course of its business. In the measurement of the estimated fair value of certain financial instruments, other valuation techniques were utilized if quoted market prices were not available. These derived fair value estimates are significantly affected by the assumptions used. Additionally, excluded from the scope of financial instruments are certain financial instruments, including those related to insurance contracts, pension and other postretirement benefits, and equity method investments. In estimating the fair value of the financial instruments presented, the Company used the following methods and assumptions: Cash and Cash equivalents The carrying amount is a reasonable estimate of fair value, due to the short-term maturity of these investments. These assets are considered to be Level 1 assets. Restricted cash Restricted cash represents cash held by state authorities and the carrying value approximates fair value. Restricted cash also include cash held in trust by the VIE where the Company is the primary beneficiary and the carrying value approximates fair value. Long-Term Debt The following table summarizes components of the Company’s long-term debt and methods used in estimating their fair values:

|                                            |     | Maturity Date |      |     | Valuation Methodology                       |
| Promissory Notes, 0.00%                    |     |               | 2027 |     | Discounted cash flow method, Level 3 inputs |
| Commercial Loan, variable rate of interest |     |               | 2026 |     | Discounted cash flow method, Level 3 inputs |

F-45

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2023 and 2022