Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 127

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 127
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 2024.

Policy acquisition expense ratio.Our policy acquisition expense ratio decreased from 13.3% for the year ended December 31,
2023 to 10.8% for the year ended December 31, 2024, primarily as a result of increased assumptions of Citizens policies.

86

Debt to capitalization ratio. Our debt to capitalization ratio decreased from 12.9% for the year ended December 31, 2023 to 8.3% for the year ended December 31, 2024, primarily as a result of growth in retained earnings from net income for the year ended December 31, 2024. Return on equity.Our return on equity increased from 46.9% for the year ended December 31, 2023 to 60.0% for the year ended December 31, 2024 as a result of increased policies in force and decreased policy acquisition costs. Return on tangible equity. Our return on tangible equity increased from 53.2% for the year ended December 31, 2023 to 62.6% for the year ended December 31, 2024 as a result of increased policies in force and decreased policy acquisition costs. Liquidity and Capital Resources We are organized as a Delaware holding company with our operations primarily conducted by our wholly owned insurance company subsidiaries, SIC (domiciled in the State of Florida), Slide Reinsurance Holdings, LLC (a holding company which owns 100% of shares of segregated cell T104 of White Rock Insurance (SAC) LTD.) and our services companies Slide MGA, LLC, Clegg Insurance Advisors, LLC D/B/A Homefront, STAT Claims Co., and Trusted Mitigation Contractors. The holding company may receive cash through (i) capital contributions or issuance of equity and debt securities, (ii) dividends from our insurance company subsidiaries and (iii) distributions from our services companies. We may use these proceeds to contribute funds to our insurance company subsidiaries to support growth, pay dividends, pay taxes, or for other corporate purposes. SIC can only pay dividends to the holding company out of its available and accumulated surplus funds, which are derived from realized net operating profits on its business and net unrealized capital gains. Dividend payments without prior written approval of the FLOIR shall not exceed the larger of:

| • |     | The lesser of 10% of surplus or net income, not including realized capital gains, plus a two-year carryforward; |

| • |     | Ten