Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 7

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 7
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 of $3 million and $5 million, consolidated combined ratio of 80.9% and 76.8% and net income of $54 million and $126 million, respectively. As of September 30, 2024, we had total assets of
$1.6 billion, shareholders’ equity of approximately $369 million and tangible shareholders’ equity of approximately $357 million. For the nine months ended September 30, 2024, we had a return on equity of 41.5% and a return on
tangible equity of 43.7%. For the years ended December 31, 2022 and December 31, 2023, we had gross premiums written of $480 million and $875 million, policy fees of $2 million and $3 million, consolidated combined ratio of 89.6%
and 78.9% and net income of $22 million and $87 million respectively. As of December 31, 2023, we had total assets of $1.1 billion, shareholders’ equity of approximately $238 million and tangible shareholders’
equity of approximately $219 million. For the year ended December 31, 2023, we had a return on equity of 46.9% and a return on tangible equity of 53.2%. See “Summary Consolidated Financial and Other Data” for an explanation of
how we calculate return on tangible equity, and a reconciliation to return on equity, the most comparable financial metric prepared in accordance with GAAP.

Our Products

We write several
homeowners’, condominium owners’, and commercial residential products in coastal specialty markets in Florida and South Carolina. As of September 30, 2024, 99.3% of our policies are concentrated in Florida, while 0.7% of our policies are
concentrated in South Carolina. Additionally, 69% of our policies are concentrated on the coasts of Florida and South Carolina, determined by the number of policies located in counties that border the Atlantic Ocean. We target coastal zones with
high population density and low underwriting capacity that are often ignored or mispriced by our competitors. Our experienced management team and proprietary technology allows us to profitably underwrite these markets in scale. Within our target
markets, we focus on policies with a higher level of premiums when compared to other insurers that write business in similar coastal specialty markets. This ensures that we maintain our profitability and remain disciplined as we continue to grow our
business.

Our Competitive Strength