Company: SLDE
Filing Date: 2025-03-07
Form Type: DRSLTR
Source: 0000950123-25-003026
Chunk: 4

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-07
Form: DRSLTR
Chunk 4
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Response: The Company respectfully acknowledges the Staff’s comment and advises the Staff that the Company has removed the interim financial statements for the nine months ended September 30, 2024 and 2023 in Submission No 5. Notes to Consolidated Financial Statements for the years ended December 31, 2023 and 2022 1. Nature of Business and Significant Accounting Policies, page F-28

| 10. | We note your response to prior comment 2 and reissue. We note that your response describes the accounting                                                                                                                                
 for the policies assumed from Citizens as reinsurance. However, we also note that you have certain acquired policies, such as those from St. Johns Insurance Company, United Property & Casualty Insurance Company (“UPC”), and Farmers. 
 Please describe your accounting policy for the acquired insurance policies, including, for example:                                                                                                                                      |

| • |     | whether the policies are acquired on a prospective basis, similar to the policies assumed from Citizens; |

| CONFIDENTIAL |

| • |     | any assets or liabilities that you initially recognize at acquisition, and how they are measured; |

| • |     | whether consideration is exchanged for the acquired policies; and |

| • |     | how you account for any difference that may exist between the fair value of the acquired policies and the 
 amount that you initially measure and recognize on your financial statements at acquisition.              |

Please revise your disclosure as appropriate and tell us the authoritative guidance upon which you relied. Response:The Company respectfully acknowledges the Staff’s comment and has revised its disclosure on pages F-15and F-16of Submission No. 5. The Company has relied on ASC 944 to consider the policies assumed (in the case of Citizens policies) or acquired (in the case of UPC and St. Johns policies) to be short-duration contracts and uses the same short-duration contract accounting for these assumed (in the case of Citizens policies) or acquired (in the case of UPC and St. Johns policies) polices as with its direct written premiums. The transaction with Truck Insurance Exchange (“Truck Insurance”) a subsidiary of Farmers Insurance Company, Inc. (“Farmers”), which we characterize in the table on Page 78 of the Registration Statement as policies in force from the Farmers channel for the periods presented, was not an outright acquisition of insurance policies, but rather an acquisition of renewal rights with respect to such previously underwritten policies. No policies were acquired nor were any contractual responsibilities assumed by Slide in connection with this transaction. Rather, new