Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 274

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 274
---
 leases primarily for real estate. The Company will determine whether an arrangement is a lease at inception of the agreement. The operating leases have terms of one to eight years, and often include one or more options to renew. These renewal terms can extend the lease term from two to ten years and are included in the lease term when it is reasonably certain that the Company will exercise the option. The Company considers these options in determining the lease term used in establishing our right-of-useassets and lease obligations. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Because the rate implicit in each operating lease is not readily determinable, the Company uses its incremental borrowing rate to determine present value of the lease payments. The components of lease costs were as follows for the respective years:

|                                                                                          |     |   |  2023 |     |   | 2022 |
|:-----------------------------------------------------------------------------------------|:----|:--|------:|:----|:--|-----:|
| Operating lease cost, include in General and Administrative expenses on the Consolidated 
 Statements of Operations                                                                 |     | $ | 1,179 |     | $ |  885 |

Right-of-uselease asset and Lease liability was as follows:

| Right of use asset |     | 6,541 |     | 7,658 |
| Lease liability    |     | 7,219 |     | 7,996 |

Supplemental cash flow information related to our operating leases as follows:

| Right of use asset |     | 1,117 |   |     | (7,658 | ) |
| Lease liability    |     |  (777 | ) |     |  7,996 |   |

F-56

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) Weighted-average lease term and discount rate for our operating lease was as follows:

| Weighted-average remaining lease term 
 Operating lease                       |     | 6.33 years |   |     | 7.33 years |   |
| Weighted-average discount rate        |     |            |   |     |            |   |
| Operating lease                       |     |       3.85 | % |     |       3.85 | % |

Future lease payments for the operating lease were as follows as of December 31,