Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 260

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 260
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 more information about the methodology and significant inputs used to consider to consolidate a VIE. In 2023, 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, 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. 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.

|                                      |     |   | March 31, 
      2025 |     |   | December 31, 
         2024 |
|:-------------------------------------|:----|:--|----------:|:----|:--|-------------:|
| Restricted cash and cash equivalents |     | $ |   282,606 |     | $ |      295,802 |

| 19. | Subsequent Events |

The Company performed an evaluation of subsequent events through May 9, 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 March 31, 2025. On April 15, 2025, the Company assumed approximately 1,941 personal residential policies from Citizens Property Insurance Company through its depopulation program. The policies maintained their original expiration date and totaled approximately $4.7 million of assumed premium written. F-26

Report of Independent Registered Public Accounting Firm

Board of Directors

Slide Insurance Holdings, Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Slide Insurance Holdings, Inc. and Subsidiaries (the “Company”) as of December 31,
2024 and 2023, the related consolidated statements of operations, comprehensive income, shareholders’ equity, and cash flows, for each of the two years in the period ended December 31, 2024, and the related notes (collectively