Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 32

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 32
---
 negative perception regarding our depopulations from Citizens or the desirability of the policies we assume, which could adversely affect the price of our Common Stock. Further, the market for attractive take-out opportunitiesis highly competitive and is subject to a bidding process. If competing private insurers offer a lower premium than us for the same policy, Citizens is required to allocate that policy to the insurer who offers the lowest premium. In the past, certain of our peers have been able to offer lower premiums than us when pursuing the same take-out opportunities.Other carriers may also choose to re-enteror expand their business in Florida in light of potential attractive take-outopportunities and generally improving market conditions on the back of the legislative reforms in 2022. There is no guarantee that we will be able to renew these assumed policies, and a lack of renewals could have a material adverse effect on our business, results of operations and financial condition. Our expansion within the United States will subject us to additional costs and risks and our plans may not be successful. Our success depends in significant part on our ability to expand into additional markets in the United States. As of December 31, 2024, the Carrier is legally permitted to write insurance in two states, Florida and South Carolina, which are home to approximately 10% of the U.S. population. We have targeted expansion to more states, but we cannot guarantee that we will be able to provide coverage in other states in the near term or at all. Moreover, one or more states could revoke our ability to operate, or implement additional regulatory hurdles that could inhibit our ability to obtain or maintain our ability to operate in such states. In addition to requiring additional management attention to operations over a broad geographic area, operating in additional states may place strain on our finance, analytics, compliance, legal, engineering and operations teams. We may incur significant operating expenses and may not be successful in our expansion for a variety of reasons, including:

| • |     | obtaining any required government approvals, licenses or other authorizations; |

| • |     | complying with varying laws and regulatory standards, including with respect to the insurance business and         
 insurance distribution, capital and outsourcing requirements, data privacy, tax and local regulatory restrictions; |

| • |     | competition from local incumbents that better understand the local market, may market and operate more 
 effectively and may enjoy greater local affinity or awareness; and                                     |

| • |     | differing demand dynamics, which may make our product offerings less successful. |

If we invest substantial time and