Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 255

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 255
---
 reportable segment, and contains other disclosure requirements. ASU 2023-07is effective for all public entities for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is evaluating its impact on segment reporting disclosure. In December 2023, the FASB issued ASU 2023-09Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This update enhances income tax disclosures by requiring public entities to report income tax expense disaggregated by federal, state, and foreign taxes, with further detail on specific jurisdictions over a quantitative threshold. In addition, public entities must also separately disclose reconciling items equal to or greater than five percent of pre-tax income from operations by the applicable federal statutory rate. ASU 2023-09is effective for all public entities for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is evaluating its impact on income tax disclosure. The Company does not believe any of these accounting pronouncements have or will have a material impact on its consolidated financial statements.

| 2. | Cash, Cash Equivalents, and Restricted Cash |

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows.

|                           |     | December 31, |    2023 |     |   |    2022 |
|:--------------------------|:----|:-------------|--------:|:----|:--|--------:|
| Cash and cash equivalents |     | $            | 334,546 |     | $ | 176,649 |
| Restricted cash           |     |              | 107,816 |     |   |  52,541 |
| Total                     |     | $            | 442,362 |     | $ | 229,190 |

At December 31, 2023, $191,148 or 43.2% of the Company’s cash and cash equivalents were deposited at one national bank and included $186,974 with three custodians. At December 31, 2022, $54,134 or 23.6% of the F-37

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2023 and 2022 (Dollar