Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 159

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 159
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 Company generally have similar levels of geographic distribution as the Company’s existing policies in force and are selected in complimentary regions so as not to materially alter the geographic distribution of the Company’s policies in force. The Company uses geographic spread of risk and policy distribution to form opinions about policy distribution and the reinsurance costs associated with the portfolio. To determine the expected loss in a given geography, frequency of events (number of events) and severity of events (e.g., Category 5 wind speeds versus Category 1 wind speeds) are considered by the Company. Having a high frequency and high severity will on average produce more loss than a low frequency and low severity relative to comparable policies. This is where the Company’s catastrophe models come into consideration, as they take into account both frequency and severity of events. When Florida is the first landfalling area in the catastrophe model the Company licenses, 34% of all events make landfall in Monroe or Miami-Dade counties and 37% of the major hurricanes (i.e., Category 3, 4 and 5) are in those two counties. In contrast, the four most Western counties in the Florida Panhandle (Escambia, Santa Rosa, Okaloosa, and Walton) make up 9% of all hurricanes and 7% of the major hurricanes. As a result, the same policy in Walton County is less risky than Miami-Dade County. 109

The importance of geographic distribution in the Company’s risk balancing efforts is illustrated by the combined Slide and Citizens by county table below. For purposes of evaluating risk, the Company groups Florida counties into regions. Within the catastrophe model the Company licenses, the following shows the percentage of total events that make landfall in a given region, the percentage of major hurricanes, and the percent of total insured value:

| • |     | Southeast Florida (Miami, Broward and Palm Beach counties): 28% of all events, 35% of Category 3 through 5 
 events, and representing 28% of Slide’s total insured value taking into account assumed Citizens policies  |

| • |     | West Central Florida (Pinellas and Hillsborough counties): 1% of all events, 1% of Category 3 through 5   
 events, and representing 11% of Slide’s total insured value taking into account assumed Citizens policies |

| • |     | Central Florida (Polk and Orange counties): Given that these are inland counties there are no direct                         
 landfalling events,; this region represents 10% of Slide