Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 116

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 116
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 until they renew, including any approved rate increases effective prior to the renewal of the policy. Gross premiums earned.Gross premiums earned increased from $402.9 million for the nine months ended September 30, 2023 to $773.1 million for the nine months ended September 30, 2024. Our policies-in-forceas of September 30, 2023 and September 30, 2024 were approximately 146,236, and 275,107, respectively, and this increase had an impact on our gross premiums earned. Ceded premiums earned.Ceded premiums for the nine months ended September 30, 2023 and 2024 were approximately $105.6 million and $205.2 million, respectively, representing 26% and 27%, respectively, of gross premiums earned. The $99.6 million increase was primarily attributable to increased catastrophe reinsurance purchased due to increased policies in force. Net premiums earned.Net premiums earned increased from $297.3 million for the nine months ended September 30, 2023 to $567.8 million for the nine months ended September 30, 2024. The increase in net 78

premiums earned in the comparable periods was primarily attributable to policies assumed from Citizens and increased renewals of existing policies.

Net investment income.Net investment income, inclusive of realized investment losses, increased from $13.4 million for the
nine months ended September 30, 2023 to $34.5 million for the nine months ended September 30, 2024. Our average investable assets increased from $381.9 million for the nine months ended September 30, 2023 to
$918.1 million for the nine months ended September 30, 2024. The increase in net investment income was due to increased equity from retained earnings and increased policies in force.

Policy fees.Policy fees increased from $2.6 million for the nine months ended September 30, 2023 to $5.1 million for
the nine months ended September 30, 2024. The increase in policy fees in the comparable periods was primarily attributable to the increased renewals of existing policies.

Other income.Other income decreased from $1.5 million for the nine months ended September 30, 2023 to $1.0 million for
the nine months ended September 30, 2024. The increase in other income between the comparable periods was primarily attributable to the sale of a small segment of commissionable premium produced for other