Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 287

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 287
---
   | 362,261 |   |     |   | 197,439 |   |
| Prior years                   |     |   | (22,969 | ) |     |   |  (4,173 | ) |
| Total incurred                |     | $ | 339,292 |   |     | $ | 193,266 |   |
| Paid related to:              |     |   |         |   |     |   |         |   |
| Current year                  |     |   | 168,989 |   |     |   |  78,083 |   |
| Prior years                   |     |   |  60,342 |   |     |   |  31,820 |   |
| Total paid                    |     | $ | 229,331 |   |     | $ | 109,903 |   |
| Net balances at December 31   |     |   | 254,436 |   |     |   | 144,475 |   |
| Plus reinsurance recoverables |     |   | 341,051 |   |     |   | 105,092 |   |
| Balances at December 31       |     | $ | 595,487 |   |     | $ | 249,567 |   |

The establishment of loss and LAE reserves is an inherently uncertain process and changes in loss and LAE reserve estimates are expected as these estimates are subject to the outcome of future events. Changes in estimates, or differences between estimates and amounts ultimately paid, are reflected in the operating results of the period during which such adjustments are adjusted. During the year ended December 31, 2024, the Company recognized favorable development of losses related to prior years of approximately $22,968 primarily to reduce non-catastrophe reserves in response to lower than expected payments. During the year ended December 31, 2023, the Company recognized favorable development of losses related to prior years of approximately $4,173 primarily to reduce catastrophe reserves in response to lower than expected payments. F-54

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2024 and 2023 (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) The following is supplementary information about incurred and paid losses and LAE development as of December 31, 2024, net of reinsurance, as well as cumulative claim frequency and the