Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 234

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 234
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 The insurance segment provides residential homeowners insurance. The Company derives all revenue in the
United States of America and manages the business activities on a consolidated basis. The Company’s CODM is the Chief Executive Officer.

Accounting Pronouncements Not Yet Adopted

In
December 2023, the FASB issued ASU Income 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 pretax income from operations by the applicable
federal statutory rate. ASU 2023-09 is 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 this accounting pronouncement has or will have a material impact on its consolidated financial statements.

F-17

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated)

| 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, |    2024 |     |   |    2023 |
|:-------------------------------------------|:----|:-------------|--------:|:----|:--|--------:|
| Cash and cash equivalents                  |     | $            | 493,409 |     | $ | 334,546 |
| Restricted cash                            |     |              |     631 |     |   |     616 |
| Restricted cash - variable interest entity |     |              | 295,802 |     |   | 107,200 |
| Total                                      |     | $            | 789,842 |     | $ | 442,362 |

At December 31, 2024, $98,850 or 12.5% of the Company’s cash and cash equivalents were deposited at one national bank and included $83,687 with four custodians. At December 31, 2023, $83,948 or