Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 125

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 125
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% for the years ended December 31, 2022 and December 31, 2023, respectively.

Policy acquisition expense ratio.Our policy acquisition expense ratio decreased from 14.2% for the year ended December 31,
2022 to 13.3% for the year ended December 31, 2023, primarily as a result of reduced acquisition costs attributed to assumption of Citizens policies.

Debt to capitalization ratio. Our debt to capitalization ratio decreased from 15.1% for the year ended December 31, 2022 to 12.9%
for the year ended December 31, 2023, primarily as a result of growth in capitalization from sale of preferred shares and net income for the year ended December 31, 2023.

Return on equity.Our return on equity increased from 18.8% for the year ended December 31, 2022 to 46.9% for the year ended
December 31, 2023 as a result of reduced loss frequency, increased earned premiums from rate increases and increased investment yield.

Return on tangible equity. Our return on tangible equity increased from 21.5% for the year ended December 31, 2022 to 53.2% for
the year ended December 31, 2023 as a result of reduced loss frequency, earned premiums from rate increases and increased investment yield.

Liquidity and Capital Resources

We are
organized as a Delaware holding company with our operations primarily conducted by our wholly owned insurance company subsidiaries, SIC (domiciled in the State of Florida), Slide Reinsurance Holdings,

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LLC (a holding company which owns 100% of shares of segregated cell T104 of White Rock Insurance (SAC) LTD.) and our services companies Slide MGA, LLC, Clegg Insurance Advisors, LLC D/B/A Homefront, STAT Claims Co., and Trusted Mitigation Contractors. The holding company may receive cash through (i) capital contributions or issuance of equity and debt securities, (ii) dividends from our insurance company subsidiaries and (iii) distributions from our services companies. We may use these proceeds to contribute funds to our insurance company subsidiaries to support growth, pay dividends, pay taxes, or for other corporate purposes. SIC can only pay dividends to the holding company out of its available and accumulated surplus funds, which are derived from realized net operating profits on its business and net unrealized capital gains. Dividend payments without prior written approval of the FLOIR shall