Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 109

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 109
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 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%.

Key Components of Our Results of Operations

Revenue

Gross premiums written. Gross premiums written represent, with respect to a fiscal period, the sum of assumed premiums written from Citizens Property Insurance Corporation (“Citizens”) policy assumptions (net of opt-outs) plus direct premiums written (premiums from subsequent renewals of such Citizens policies and new and renewal policies written through independent agents and our DTC channel, net of any midterm

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cancellations), in each case prior to amounts ceded to reinsurers. Gross premiums written in any given fiscal period are affected by:

| • |     | Amount of premiums assumed from Citizens acquisitions; |

| • |     | Block acquisitions from other third-party insurers; |

| • |     | Renewals of existing policies; |

| • |     | New business submissions and binding of new submissions into effective policies; |

| • |     | Average premium of new and renewal policies; and |

| • |     | Premium rates on new and renewal policies. |

Gross premiums earned.Gross premiums earned represent the portion of our gross premiums written earned during a fiscal period from assumed (including those assumed from Citizens), direct policies written and subsequent renewals of such policies. Gross premiums written associated with assumed policies from Citizens are earned ratably over the remaining term of the policy and gross premiums written associated with voluntary and renewal policies are earned ratably over the term of the policy, all such new and renewal policies currently have a term of twelve months from date of issuance. Ceded premiums earned.Ceded premiums earned represent the earned portion of our gross premiums written ceded to reinsurers and other costs of our reinsurance during a fiscal period. We recognize the cost of our reinsurance program