Company: SLDE
Filing Date: 2025-06-18
Form Type: 424B4
Source: 0001193125-25-142810
Chunk: 165

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-18
Form: 424B4
Chunk 165
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 Company offers personal liability insurance up to $500,000, whereas Citizens can only offer up to $100,000; |

| • |     | The Company offers medical payments coverage up to $5,000, whereas Citizens can only offer up to $2,000; |

| • |     | The Company can offer personal property coverage up to 75% of the fair value of the underlying asset, whereas 
 Citizen can only offer up to 50% of the fair value;                                                           |

| • |     | The Company can offer policies to homeowners in a flood zone and not require flood insurance, whereas Citizens                                                       
 requires flood insurance for any owner-occupied single-family homes and townhouses, as well as non-occupied rental properties located in a high-risk flood zone; and |

| • |     | The Company can offer coverage on screen enclosures (both frame and mesh), solar panels, animal liabilities,    
 equipment breakdowns and personal property, whereas Citizens does not offer any coverage for these liabilities. |

Changes in coverage affect both the net earned premium and the net loss ratio. As a result of coverage changes and the Company’s different rate schedule, the average premium on Citizens personal residential policies assumed during 2024 that were renewed during 2024 increased by 23.2%. However, the Company does not have access to Citizens’ loss ratios by peril or coverage type. Accordingly, the Company cannot compare the financial impact of these differences in coverage by Citizens as compared to the Company’s offerings. In addition, Citizens is not required to have a reinsurance program comparable to that of a private, rated insurance company. Given that reinsurance costs in coastal areas commonly range from 30-40%of underwritten gross premiums according to management’s estimates, Citizens’ rates are often lower than in the voluntary marketplace, resulting in lower average premiums in force. For example, Citizens’ average premium for personal residential policies in force was $2,567 as of December 31, 2023, whereas the Company’s average premium for personal residential policies in force as of December 31, 2023 was $4,116, a difference of approximately 60%. Reserves We maintain loss and loss adjustment expense (“LAE”) reserves to cover estimated liabilities for all specific claims reported and unreported claims that have been incurred but not yet reported (“IBNR”). The reserves are estimates based on actuarial projections and the expected ultimate cost to settle and administer each claim and our ultimate liability may be greater or less than the current reserves. Our