Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 12

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 12
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 stockholders through our underwriting expertise,
proprietary underwriting technology, deep knowledge of coastal markets, disciplined risk management and prudent approach to capital management. Our strategy is to concentrate on coastal specialty risks with attractive pricing levels that will enable
us to generate strong profits across market cycles. We underwrite all of our own risks and do not delegate underwriting decisions to third parties. As the demand for insurance capacity in our markets continue to grow, we expect to continue to
capitalize on our core strengths and profitably expand our market share.

Pursuing large scale, strategic policy acquisitions

Coastal specialty markets present advantageous opportunities for us to continue scaling our business as the underwriting capacity in these
markets has significantly declined in the past five years. Citizens is the largest homeowners insurer in the state of Florida as measured by premium in-force and acts as the state-owned insurer of last resort. It is incentivized by the state of
Florida to transfer policies from its books to the private market in order to reduce systemic risk to the insurance market. As of December 31, 2024, Citizens had 936,182 policies in force. We participated in seven Citizens take-out
opportunities in 2024, assuming an aggregate of 135,530 policies that fit our underwriting and profitability criteria. While the total number of Citizens policies in force as of December 31, 2024 was fewer than the 1,228,718 policies in force as of
December 31, 2023 (and an all time high of nearly 1.5 million policies in force in 2011), we believe these fluctuations are a function of Florida’s historically volatile property insurance market cycles and Citizens’ role as the insurer of
last resort, and not indicative of a long-term trend. We believe that the assumption of Citizens Insurance policies will provide continuous growth opportunities for years to come. In addition, we have also successfully executed transactions with
private insurers that are looking to exit or reduce their exposure. For example, we executed transactions with Truck Insurance Exchange, United Property & Casualty Insurance Company and St. Johns Insurance Company.

Our scaled platform combined with our ability to use technology to bulk underwrite complex transactions provide us with an advantage over our
competitors in underwriting such policies. This has allowed us to grow quickly and profitably, with no exposure to legacy claims or liabilities and should continue to be a meaningful contributor of our ongoing growth.

Continuing to invest in proprietary technology that deepens our competitive advantage

Our AI-powered insurance model