Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 34

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 34
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 18 months 
 from the initial date of rating assignment; and                                                          |

| • |     | L, Licensed: These companies have been assessed but have not been given one of the financial strength 
 ratings listed above.                                                                                 |

While our Demotech rating has proved satisfactory to date, we cannot assure that this rating will remain at its current level. Furthermore, we do not currently have a rating from AM Best Company, a U.S.-based credit rating agency (“AM Best”). We do not currently intend to seek a rating from AM Best because, in order to receive a satisfactory rating from AM Best, we would be required to forgo certain revenues and efficiency of size. It is possible that some prospective customers may be reluctant to do business with a company that is not rated by AM Best and not having an AM Best rating may prevent us from expanding our business or limit our access to credit from certain financial institutions, which may in turn limit our ability to compete with large, national insurance companies and certain regional insurance companies. Our limited operating history makes it difficult to evaluate our current business performance, implementation of our business model and our future prospects. We launched our business to sell homeowners and commercial residential insurance in 2021 and have a limited operating history. Due to our limited operating history and rapid growth we have experienced since we began operations, our operating results are difficult to predict and our historical results may not be indicative of, or comparable to, our future results. In addition, we have limited data to validate key aspects of our business model. We cannot provide any assurance that the data that we collect will provide useful measures for evaluating our business model. Our inability to adequately assess our performance and growth could have a material adverse effect on our brand, business, results of operations and financial condition. We may pursue opportunities to participate in Citizens’ take-out programand directly assume policies issued by Citizens to policyholders who were otherwise unable to obtain private insurance. Take-outopportunities are subject to a number of timing and execution risks, and we may fail to participate in Citizens’ take-out programson terms that are ultimately profitable to us, or at all. Citizens acts as Florida’s state-owned insurer of last resort, and is the largest homeowners insurer in Florida as measured by premiums in-force.From time to time, Citizens transfers certain of its existing policies to private companies in order to reduce the State of Florida’s risk exposure. We participated in seven take-outopportunities in 2024, assuming 135,974 policies. The Citizens personal residential policies assumed in 202