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SLDE on Nasdaq

Slide Insurance Holdings, Inc.

Slide Insurance Holdings, Inc. is an American fire company that raised $100 million in 2021 (SEC Form D).2 It is headquartered in Tampa, United States.2 Its shares trade on Nasdaq under the symbol SLDE.2

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Last updated Oct 21, 2026.

Overview

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  • TickerSLDE on Nasdaq2
  • IndustryFire, Marine & Casualty Insurance2
  • HeadquartersTampa, United States2
  • Incorporated inDE3
  • Business address4221 W. Boy Scout Blvd., Suite 200, Tampa, Fl 336073
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation2
  • LEI2549004LDWZTPC69SX472
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 53071422

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

38.4%Net margin5
36.5%Revenue growth, 20255
39.9%Return on equity5
0.03×Debt to equity5
$794.6MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs49¢$563.0M
  • Interest0¢$3.6M
  • Income tax13¢$145.3M
  • Profit38¢$444.0M

Out of $1.2B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$2.9M
  • Share buybacks5¢$40.0M
  • Kept or used elsewhere95¢$754.6M

Out of $797.4M of cash from operations.5

Financial statements

Revenue5$1.2B in 2025+36% since 2024
0$500.0M$1.0B$1.5B2024: $846.8M$846.8M20242025: $1.2B$1.2B2025+36%
Net income5$444.0M in 2025+121% since 2024
0$200.0M$400.0M$600.0M2024: $201.1M$201.1M20242025: $444.0M$444.0M2025+121%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Gross premiums written$1.8B$1.3B
Change in unearned premiums-$304.3M-$236.6M
Gross premiums earned$1.5B$1.1B
Ceded premiums earned-$411.7M-$304.9M
Net premiums earned$1.1B$792.4M
Net investment income$66.4M$47.1M
Policy fees$8.2M$6.5M
Other income$1.7M$764.0K
Total revenue$1.2B$846.8M
Losses and loss adjustment expenses incurred, net$235.5M$339.3M
Policy acquisition and other underwriting expenses$139.4M$86.0M
General and administrative expenses$175.8M$137.5M
Interest expense$3.6M$3.8M
Depreciation$4.8M$2.4M
Amortization expense$7.6M$7.9M
Total expenses$566.7M$576.8M
Net income before income tax expense$589.2M$270.0M
Effective income tax rate$145.3M$68.8M
Net income$444.0M$201.1M
Weighted average shares outstanding (in thousands) - Basic93.4M shares56.2M shares
Weighted average shares outstanding (in thousands) - Diluted132.0M shares121.1M shares
Earnings per share - Basic$4.75$3.58
Earnings per share - Diluted$3.36$1.66

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Corporate structure

Slide Insurance Holdings, Inc. sits at the top of its group. 11 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Slide Insurance Holdings, Inc.

  • Bruce Lucas Filed SCHEDULE 13G on Slide Insurance Holdings, Inc., latest Oct 17, 2025
  • Slide Insurance Holdings, Inc. Tampa, Florida, United States
    • Clegg Insurance Advisors, LLC D/B/A Homefront Subsidiary · Florida, United States
    • SIH Technologies LLP Subsidiary · India
    • SJIG Target, LLC Subsidiary · Delaware, United States
    • Slide Insurance Co. Subsidiary · Florida, United States
    • Slide MGA, LLC Subsidiary · Florida, United States
    • Slide Reinsurance Holdings, LLC Subsidiary · Florida, United States
    • Slide Specialty Insurance Company Subsidiary · Rhode Island, United States
    • Slide Technologies, LLC Subsidiary · Florida, United States
    • Stat Claims Co. Subsidiary · Florida, United States
    • Trusted Mitigation Contractors, Inc. Subsidiary · Florida, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Slide Insurance Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$19.3M5 Dec 31, 2025$16.4M5 Dec 31, 2024+17.4%
Accumulated depreciation$7.7M5 Dec 31, 2025$2.9M5 Dec 31, 2024+168.9%
Property and equipment, net$11.6M5 Dec 31, 2025$13.6M5 Dec 31, 2024−14.7%
Operating-lease assets (leased space)$8.5M5 Dec 31, 2025$8.4M5 Dec 31, 2024+1.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.2B5 Dec 31, 2025$493.4M5 Dec 31, 2024+143.5%
Debt securities available for sale$589.7M5 Dec 31, 2025$465.0M5 Dec 31, 2024+26.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.6M5 Dec 31, 2025$2.6M5 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$99.0K5 Dec 31, 2025$7.7M5 Dec 31, 2024−98.7%
Finite-lived intangibles, gross$29.2M5 Dec 31, 2025$29.2M5 Dec 31, 20240%
Accumulated amortization-$29.1M5 Dec 31, 2025-$21.5M5 Dec 31, 2024−35.3%
Finite-lived intangibles, net$99.0K5 Dec 31, 2025$7.7M5 Dec 31, 2024−98.7%

Properties, in its own words

Leased Property

Tampa, Florida. We lease approximately 55,000 square feet of office space which currently serves as Slide Insurance Holdings, Inc’s corporate headquarters and the lease expires on April 29, 2030. We believe that our facilities are adequate for our current needs.

Item 2 of the 10-K filed Mar 2, 2026.8

Leadership

Who has led Slide Insurance Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Bruce Lucas2025–now

President

  1. Jesse Schalk2025
  2. Shannon Lucas2025–now

Chief financial officer

  1. Jesse Schalk2025
  2. Anastasios Omiridis2025–now

Chief operating officer

  1. Shannon Lucas2025–now
Board members and other officers (9)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Clegg Insurance Advisors, LLC D/B/A Homefront Florida4
  • SIH Technologies LLP India4
  • SJIG Target, LLC Delaware4
  • Slide Insurance Co. Florida4
  • Slide MGA, LLC Florida4
  • Slide Reinsurance Holdings, LLC Florida4
  • Slide Specialty Insurance Company Rhode Island4
  • Slide Technologies, LLC Florida4
  • Stat Claims Co. Florida4
  • Trusted Mitigation Contractors, Inc. Florida4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 28, 20268-K Results of operations21
  2. Jul 27, 20268-K Regulation FD disclosure22
  3. Jun 10, 20268-K Shareholder vote23
  4. Jun 4, 20268-K Other events24
  5. Apr 28, 20268-K Results of operations25
  6. Apr 28, 20268-K Regulation FD disclosure26
  7. Mar 23, 20268-K Regulation FD disclosure27
  8. Feb 24, 20268-K Results of operations28
  9. Nov 6, 20258-K Results of operations29
  10. Nov 6, 20258-K Executive or director change30
  11. Aug 12, 20258-K Results of operations31
  12. Jun 20, 20258-K Entered a material agreement; Change to shareholders' rights; Executive or director change32
  13. Jun 17, 2025New chief executive Bruce Lucas becomes CEO9
  14. Mar 2, 2021Founded Slide Insurance Holdings, Inc. is founded2

Calendar

Coming up

  1. Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.79 a share, on Nov 5, 2025.33

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results21
  2. Apr 28, 2026Reported quarterly or annual results25
  3. Feb 24, 2026Reported quarterly or annual results28
  4. Nov 6, 2025Reported quarterly or annual results29
  5. Aug 12, 2025Reported quarterly or annual results31

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

212 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 12 major events, 131 insider forms, 1 large holders, 1 private raises, 62 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Sep 16, 20264 EDGAR
  4. Sep 16, 20264 EDGAR
  5. Sep 16, 20264 EDGAR
  6. Sep 14, 2026144 EDGAR
  7. Sep 14, 2026144 EDGAR
  8. Sep 10, 20264 EDGAR
  9. Sep 9, 2026144 EDGAR
  10. Sep 8, 2026144 EDGAR
  11. Sep 8, 20264 EDGAR
  12. Sep 8, 20264 EDGAR
  13. Sep 3, 2026144 EDGAR
  14. Sep 3, 2026144 EDGAR
  15. Sep 2, 20264 EDGAR
  16. Sep 2, 20264 EDGAR
  17. Aug 18, 20264 EDGAR
  18. Aug 14, 2026144 EDGAR
  19. Aug 10, 20264 EDGAR
  20. Aug 6, 2026144 EDGAR

The 212 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

125 open-market trades by officers, directors and large owners since October 2021: 0 buys and 125 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026ROHDE STEPHEN LDirectorSale7,500$26.40$198.0KForm 4
Sep 14, 2026LARSON MATTHEW PAULChief Risk OfficerSale11,374$26.00$295.7KForm 4
Sep 14, 2026Omiridis AnastasiosChief Financial OfficerSale330$26.23$8.7KForm 4
Sep 9, 2026Gries Robert JRDirectorSale61,762$24.28$1.5MForm 4
Sep 8, 2026Gries Robert JRDirectorSale107,510$24.44$2.6MForm 4
Sep 3, 2026POWELL CHARLES WILLIAMChief Revenue OfficerSale2,080$25.00$52.0KForm 4
Sep 3, 2026LARSON MATTHEW PAULChief Risk OfficerSale11,374$24.62$280.0KForm 4
Aug 14, 2026ROHDE STEPHEN LDirectorSale5,000$21.89$109.5KForm 4
Aug 6, 2026ROHDE STEPHEN LDirectorSale5,000$21.00$105.0KForm 4
Aug 4, 2026Gries Robert JRDirectorSale28,212$20.44$576.7KForm 4
Aug 3, 2026Gries Robert JRDirectorSale28,212$20.33$573.5KForm 4
Jul 31, 2026ROHDE STEPHEN LDirectorSale5,000$20.00$100.0KForm 4
Jul 7, 2026Gries Robert JRDirectorSale28,212$21.04$593.6KForm 4
Jul 6, 2026Gries Robert JRDirectorSale84,636$20.34$1.7MForm 4
Jun 29, 2026Wright Andrew PardoDirectorSale15,000$19.51$292.6KForm 4
Jun 26, 2026Wright Andrew PardoDirectorSale15,000$19.03$285.4KForm 4
Jun 24, 2026Wright Andrew PardoDirectorSale31,002$18.01$558.3KForm 4
Jun 11, 2026Lucas BruceChief Executive OfficerSale44,467$17.12$761.3KForm 4
Jun 11, 2026Lucas ShannonPresident & COOSale4,659$17.12$79.8KForm 4
Jun 10, 2026LARSON MATTHEW PAULChief Risk OfficerSale13,750$17.07$234.7KForm 4

All 125 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Bruce Lucas54$952.8K$4.0M35
2025Shannon Lucas46$714.6K$2.3M35
2025Jesse Schalk$617.4K$664.5K35
2025Andy Omiridis58$37.5K$387.5K35
2024Chairman and Chief Executive Officer$898.9K$21.2M35
2024President and Chief Operating Officer$674.2K$16.5M35
2024Former Chief Financial Officer$630.0K$3.3M35

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 4, 2021Raised $100 million in a private offering of equity Form D: 206 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,087,170$98.5M0.0%−2,584,720
Vanguard Portfolio Management LLC4,991,909$96.7M0.0%+383,813
American Century Companies Inc4,250,123$82.3M0.0%+796,941
Capital World Investors2,997,422$58.1M0.0%+81,773
Arrowstreet Capital, Limited Partnership2,817,330$54.6M0.0%+129,528
Vanguard Capital Management LLC2,311,200$44.8M0.0%−195,256
Federated Hermes, Inc.2,285,058$44.3M0.1%+1,917,518
UBS Group AG2,152,612$41.7M0.0%−376,781
Hood River Capital Management LLC1,884,474$36.5M0.3%+631,484
DME Capital Management, LP1,686,630$32.7M0.8%No change
Capital International Investors1,611,826$31.2M0.0%+44,295
Geode Capital Management, LLC1,579,569$30.6M0.0%+67,136
Maniro Ltd1,398,025$27.1M6.1%No change
Jane Street Group, LLC1,392,301$27.0M0.0%New
State Street Corp1,293,023$25.0M0.0%+96,630
Citadel Advisors LLC1,003,348$19.4M0.0%+711,091
Morgan Stanley789,175$15.3M0.0%+263,439
Goldman Sachs Group Inc709,242$13.7M0.0%+95,509
Nuveen, LLC686,596$13.3M0.0%−7,173
Man Group plc631,340$12.2M0.0%+416,657
Bank Of America Corp /de/565,510$11.0M0.0%+60,374
Northern Trust Corp552,260$10.7M0.0%+79,806
Trexquant Investment LP544,562$10.5M0.1%+336,891
Millennium Management LLC460,174$8.9M0.0%New
Emerald Mutual Fund Advisers Trust459,820$8.9M0.3%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Slide Insurance Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSlide Insurance Holdings, Inc.1
  • CIK0001886428
  • Employer ID (EIN)87-15548618
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company8
  • Incorporated inDelaware8
  • Fiscal year endsDecember 311
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address4221 W. Boy Scout Blvd., Suite 200, Tampa, FL 336071
  • Phone(813) 748-20301
  • Shares outstanding116,811,719 as of Jul 30, 20267
  • Public float$1.6B as of Jun 30, 20258
  • AuditorForvis Mazars, LLP, Charlotte, North Carolina PCAOB ID 686; no auditor attestation of internal control over financial reporting8
  • On EDGAR sinceNov 19, 20211
  • Filings212 in all: 4 (120), 144 (29), 8-K (12), 3 (11), UPLOAD (7), DRSLTR (6), DRS/A (5), 10-Q (4)1
    All 24 form types

    CORRESP (3), 10-K (1), 144/A (1), 424B4 (1), 8-A12B (1), CERT (1), D (1), DEF 14A (1), DEFA14A (1), DRS (1), EFFECT (1), S-1 (1), S-1/A (1), S-1MEF (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Apr 28, 2026
    Latest 8-K (8-K) Jul 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareSLDENasdaq Global Select Market

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).8

Risk factors and legal proceedings

The risks Slide Insurance Holdings, Inc. names in Item 1A of its 10-K filed Mar 2, 2026: 68 risks under these headings, as written.8

  • Risks Relating to Our Business
  • We have a limited operating history, and our business and future prospects are difficult to evaluate.
  • Our success and ability to grow our business depends on retaining and expanding our customer base. If we fail to add new customers or retain current customers, our business, results of operations and financial condition could be harmed.
  • The “Slide” brand may not become as widely known as incumbents’ brands or the brand may become tarnished.
  • A failure to establish accurate reserves, a failure to adjust claims accurately, the denial of claims or our failure to accurately and timely pay claims could materially and adversely affect our business, results of operations and financial condition.
  • Our actual incurred losses may be greater than our loss and loss adjustment expense reserves, which could have a material adverse effect on our business, results of operations and financial condition.
  • Our success depends on our ability to accurately price the risks we underwrite.
  • Our ability to compete in the property and casualty insurance industry and our ability to expand our business is partially dependent on us maintaining our ratings
  • A” (A Double Prime), Unsurpassed
  • We may pursue opportunities to participate in Citizens’ take-out program and directly assume policies issued by Citizens to policyholders who were otherwise unable to obtain private insurance. Take-out opportunities are subject to a number of timing and execution risks, and we may fail to participate in Citizens’ take-out programs on terms that are ultimately profitable to us, or at all. If we are unable to expand our product offerings, our prospects for future growth may be adversely affected.
  • Competition in the segments of the insurance industry in which we operate could negatively affect our ability to attain or increase profitability.
  • Reinsurance may be unavailable at current levels and prices, which may limit our ability to write new business. Furthermore, reinsurance subjects us to counterparty risk and may not be adequate to protect us against losses, which could have a material effect on our results of operations and financial condition.
The other 58 risks
  • Failure to maintain our risk-based capital at the required levels could adversely affect the ability of SIC and SSIC to maintain regulatory authority to conduct our business.
  • Failure to maintain our financial strength ratings could adversely affect SIC's and SSIC's competitive position in the insurance industry and its ability to conduct our business as currently conducted.
  • Retention of business written by our subsidiary could expose us to potential losses.
  • Our future success may be materially affected by our ability to continue to develop and implement our technology, and to maintain the confidentiality of this technology.
  • We rely on our digital platform to collect data points that we evaluate in pricing and underwriting our insurance policies, managing claims and customer support and improving business processes, and any legal or regulatory requirements that restrict our ability to collect this data could thus materially and adversely affect our business, results of operations and financial condition.
  • We undertake advertising campaigns and other efforts to improve brand recognition, generate new business and increase the retention of our current customers. If these campaigns or efforts are unsuccessful or are less effective than those of competitors, our business could be materially adversely affected.
  • We may require additional capital to grow our business, which may not be available on terms acceptable to us or at all.
  • We are periodically subject to examinations by our state insurance regulators, which could result in adverse examination findings and necessitate remedial actions.
  • We rely on the experience and expertise of our Co-Founders, senior management team, highly specialized insurance experts, key technical employees and other highly skilled personnel.
  • If our customers were to claim that the policies they purchased failed to provide adequate or appropriate coverage, we could face claims that could harm our business, results of operations and financial condition.
  • Misconduct or fraudulent acts by employees, agents or third parties may expose us to financial loss, disruption of business, regulatory assessments and reputational harm.
  • We may be unable to prevent, monitor or detect fraudulent activity, including policy acquisitions or payments of claims that are fraudulent in nature.
  • Our exposure to loss activity and regulation may be greater in states where we currently have most of our customers, including Florida.
  • Litigation and legal proceedings filed by or against us could have a material adverse effect on our business, results of operations and financial condition.
  • We are subject to risks related to online payment processing, including risks related to our third-party vendors.
  • Performance of our investment portfolio is subject to a variety of investment risks that may adversely affect our financial results.
  • We expect our results of operations to fluctuate on a quarterly and annual basis. In addition, our operating results and operating metrics are subject to seasonality and volatility, which could result in fluctuations in our quarterly revenues and operating results or in perceptions of our business prospects.
  • Our goal is to maximize the long-term value of the business; we do not manage to short-term earnings expectations, which at times may adversely affect short-term results.
  • If actual renewals of our existing contracts do not meet expectations, our premiums written in future years and our future results of operations could be materially adversely affected.
  • We could be forced to sell investments to meet our liquidity requirements.
  • We have debt outstanding that could adversely affect our financial flexibility and subjects us to restrictions and limitations that could significantly impact our ability to operate our business.
  • The failure of the risk mitigation strategies we utilize could have a material adverse effect on our business, results of operations or financial condition.
  • Our acquisitions may be difficult to integrate, divert management resources, result in unanticipated costs or dilute our stockholders.
  • Changes in accounting practices and future pronouncements may materially affect our reported financial results.
  • We rely on independent agents to write voluntary insurance policies, and our revenue could be impacted by our ability to attract and retain independent agents.
  • We may be subject to greater than anticipated tax liabilities, and any successful action by federal or state authorities to collect additional taxes could adversely harm our business.
  • We may be adversely impacted by inflation.
  • Risks Relating to Our Intellectual Property and Data Privacy
  • We are subject to cybersecurity risks, including cyber-attacks, security incidents or real or perceived errors, failures or bugs in our systems or website or our service providers’ systems, which could impair our operations, result in loss of personal customer information, damage our reputation and brand and harm our business, results of operations and financial condition.
  • We collect, process, store, share, disclose and use information, including confidential information and personal data. Our actual or perceived failure to protect such data, respect customers’ privacy or comply with data privacy and security laws and regulations could negatively impact the business.
  • We rely on data from our customers and third parties for pricing and underwriting insurance policies, handling claims and maximizing automation, the unavailability or inaccuracy of which could limit the functionality of our products and disrupt our business.
  • If we are unable to apply technology effectively in driving value for our clients through technology-based solutions or gain internal efficiencies and effective internal controls through the application of technology and related tools, our operating results, client relationships, growth and compliance programs could be adversely affected.
  • Our use of artificial intelligence, machine learning, data analytics and other similar tools may adversely impact our business and subject us to additional regulatory and other risks and possible litigation, including claims alleging unfair insuring practices arising from the use of such tools.
  • Risks Relating to the Insurance Industry
  • The insurance business, including the market for homeowners and commercial residential insurance, is historically cyclical in nature, currently experiencing high demand and low supply, and we may experience periods with excess underwriting capacity and unfavorable premium rates, which could adversely affect our business.
  • We undertake strategic initiatives to innovate within the competitive, regulatory and legal environments of the insurance industry and our innovations may entail a degree of risk, may not ultimately achieve anticipated business goals, or may be subject to challenge by regulators or private litigants.
  • We operate in a highly regulated environment and are subject to a variety of complex federal and state laws and regulations.
  • State insurance regulators impose additional reporting requirements regarding enterprise risk on insurance holding company systems, with which we must comply as an insurance holding company.
  • The increasing adoption by states and the SEC of cybersecurity regulations could impose additional compliance burdens on us and expose us to additional liability.
  • Severe weather events and other catastrophes, including the effects of climate change and global pandemics, are inherently unpredictable and may have a material adverse effect on our financial results and financial condition.
  • Our results of operations and financial condition may be adversely affected due to limitations in the analytical models used to assess and predict our exposure to catastrophe losses.
  • SIC and SSIC are subject to minimum capital and surplus requirements, and failure to meet these requirements could subject us to regulatory action.
  • SIC is subject to assessments and other surcharges from state guaranty funds, and mandatory state insurance facilities, which may reduce our profitability.
  • Unexpected changes in the interpretation of our coverage or provisions in our policies, including loss limitations and exclusions, could have a material adverse effect on our financial condition and results of operations.
  • We face vigorous competition from large, well-capitalized national companies and smaller regional insurers. Other large national and international insurance or financial services companies also may enter these markets in the future. Many of these companies may have greater financial, marketing and management resources than we have.
  • Industry trends, such as increased litigation against the insurance industry and individual insurers, the willingness of courts to expand covered causes of loss, rising jury awards and the escalation of loss severity may contribute to increased costs and to the deterioration of the reserves of our insurance subsidiary.
  • Risks Relating to Regulatory and Legal Matters
  • We are subject to additional regulation imposed by consent orders entered into with the FLOIR in connection with our formation.
  • Changes in regulation may reduce our profitability and limit our growth.
  • Applicable insurance laws may make it difficult to effect a change of control of our company.
  • Recent and future changes to tax laws or applicable tax rates in the jurisdictions where we operate could materially and adversely affect our company.
  • Risks Relating to Ownership of Our Common Stock
  • The price of our common stock may fluctuate significantly, and you could lose all or part of your investment.
  • We are an “emerging growth company” and we cannot be certain if the reduced disclosure and other requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • Because we have elected to use the extended transition period for complying with new or revised accounting standards for an “emerging growth company,” our combined financial statements may not be comparable to companies that currently comply with these accounting standards.
  • If we are unable to implement and maintain effective internal controls over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our common stock may be negatively affected.
  • We are a holding company, and we are accordingly dependent upon distributions from our subsidiaries to pay dividends, if any, taxes and other expenses.
  • We may change our underwriting guidelines or our strategy without stockholder approval.
  • Future sales of our common stock, or the perception in the public markets that these sales may occur, may depress our stock price.
  • Certain provisions of our amended and restated certificate of incorporation, our amended and restated bylaws and the Stockholders Agreement may make it difficult for stockholders to change the composition of our board of directors and may discourage hostile takeover attempts that some of our stockholders may consider to be beneficial.
  • Any issuance of preferred stock could make it difficult for another company to acquire us or could otherwise adversely affect holders of our common stock, which could depress the price of our common stock.
  • Our internal controls over financial reporting may not be effective and our independent registered public accounting firm may not be able to certify as to their effectiveness, which could have a significant and adverse effect on our business and reputation.

Legal proceedings

We are a party to claims and legal actions arising routinely in the ordinary course of our business. Although we cannot predict with certainty the ultimate resolution of the claims asserted against us, we do not believe that any currently pending legal proceeding to which we are a party will have a material, adverse effect on our consolidated financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.8

Sources

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