Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 264

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 264
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 into reinsurance transactions whereby the VIE provided quota share and catastrophe reinsurance protection to the Insurance Entities for the period of June 1, 2023 through May 31, 2024. In 2024, SIC entered into reinsurance transactions whereby the VIE provided quota share and catastrophe reinsurance protection to the Insurance Entities for the period of June 1, 2024 through May 31, 2025. The excess of loss reinsurance captive arrangement entered into, which was effective June 1, 2024 through May 31, 2025, was subject to a loss of $62,588 in 2024 triggered when Hurricanes Debby, Helene and Milton made landfall in Florida and South Carolina. SIC received amounts due under this policy of $53,304 in 2024. The following table presents, on a consolidated basis, the balance sheet classification and exposure of restricted cash held in a reinsurance trust account, which can be used only to settle specific reinsurance obligations of the VIE as of the dates presented.

|                                      |     | December 31, |    2024 |     |   |    2023 |
|:-------------------------------------|:----|:-------------|--------:|:----|:--|--------:|
| Restricted cash and cash equivalents |     | $            | 295,802 |     | $ | 107,200 |

| 25. | Subsequent Events |

The Company performed an evaluation of subsequent events through March 7, 2025, the date the consolidated financial statements were issued, and determined there were no recognized or unrecognized subsequent events, other than those listed below, that would require an adjustment or additional disclosure in the consolidated financial statements as of December 31, 2024. On January 21, 2025, the Company assumed approximately 62 commercial residential policies from Citizens Property Insurance Company through its depopulation program. The policies maintained their original expiration date and totaled approximately $10.2 million of assumed premium written. On February 18, 2025, the Company assumed approximately 8,059 personal residential policies from Citizens Property Insurance Company through its depopulation program. The policies maintained their original expiration date and totaled approximately $25.6 million of assumed premium written. On February 6, 2025, the Company closed on the acquisition of Pawtucket Insurance Company from Heritage Insurance Holdings. Pawtucket Insurance Company is a shell company with no active policies. F-44

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