Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 283

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 283
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7. The acquired renewal rights were determined to have useful life of 46 months, ending December 31, 2025. In 2024 and 2023, amortization of the renewal rights totaled $6,521 and $6,522, respectively. Renewal Rights – Clegg During the second quarter of 2022, the Company acquired 100% of the stock and ownership interests of Clegg Insurance Group, Inc. and Clegg Insurance Advisors, LLC (collectively, “Clegg”). The Company acquired renewal rights, which were valued at $1,553, which was estimated using financial projections developed by management for the acquired business and reflects market participant assumptions regarding revenue growth and/or profitability. The renewal rights were determined to have a useful life of four years. In December of 2023, the Company sold the commercial book of business of Clegg, which resulted in a decrease to the intangible asset of $435. In 2024 and 2023, amortization of the renewal rights totaled $281 and $280, respectively. F-44

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) Clegg Goodwill During the second quarter of 2022, the Company acquired 100% of the stock and ownership interests of Clegg. The Company paid cash and other consideration in excess of net assets totaling $2,603. This excess was allocated as Goodwill. As of December 31, 2024 and 2023, goodwill was $2,603 and $2,603, respectively.

|                                     |     |   |  2024 |     |   |  2023 |
|:------------------------------------|:----|:--|------:|:----|:--|------:|
| Goodwill balance, beginning of year |     | $ | 2,603 |     | $ | 2,603 |
| Goodwill acquired                   |     |   |     — |     |   |     — |
| Goodwill balance, end of year       |     | $ | 2,603 |     | $ | 2,603 |

The table below details the finite-lived intangible assets, net as of December 31, 2024 and the indefinite and finite-lived intangible assets for December 31, 2023, respectively:

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