Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 166

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 166
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 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 |
| Cumulative redundancy (deficiency)                       |     |                       |  22,969 |
| Net premiums earned                                      |     |                       | 792,439 |

Investments We maintain a conservative investment portfolio. Our investment policy aims to balance current yield, conservation of capital and the need to meet our liquidity requirements. We hold a well-diversified investment portfolio that is compliant with Florida statutes and emphasizes quality assets and preservation of capital. Our asset allocation strategy focuses on maintaining sufficient readily available funds to pay claims and expenses. We hold 100% of our assets in high quality fixed income assets and cash. Our bond portfolio has a weighted average rating of AA-and duration of 3.52 years. Our investment portfolio is managed by a third-party investment management firm, BlackRock. BlackRock is a leading provider of investment, advisory and risk management solutions globally with $11.6 trillion of AUM, as of December 31, 2024. We regularly monitor our investment risk to balance our goals of capital preservation, income generation and liquidity needs of our Company. Our investment policy and guidelines consider our investment approach