Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 168

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 168
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,453)$— Mortgage:Mortgage loans held for sale (2)71,058 70,074 984 70,361 58,338 56,481 1,857 57,248 Total loans, at fair value$81,330 $83,001 $(1,671)$70,361 $69,556 $71,152 $(1,596)$57,248 (1)    The cost basis of Corporate loans was approximately $12,927 and $14,671 at December 31, 2024 and 2023, respectively. (2)    As of December 31, 2024, there were three mortgage loans held for sale that were 90 days or more past due. As of December 31, 2023, there were three mortgage loans held for sale that were 90 days or more past due.

Equity SecuritiesEquity securities consist mainly of publicly traded common and preferred stocks and exchange traded funds. As of December 31, 2023, 16.98 million shares of Invesque were included within the equity securities balance, for which the Company elected to apply the fair value option. On April 15, 2024, the Company sold its 16.98 million shares of Invesque for $625 of proceeds resulting in a realized loss of $134,204. The following table presents information on the cost and fair value of the Company’s equity securities related to Insurance and Tiptree Capital as of the following periods:As of December 31, 2024InsuranceTiptree Capital - OtherTotalCostFair ValueCostFair ValueCostFair ValueExchange traded funds$4,997 $5,075 $— $— $4,997 $5,075 Other equity securities100,738 99,393 4,967 4,152 105,705 103,545 Total equity securities$105,735 $104,468 $4,967 $4,152 $110,702 $108,620 As of December 31, 2023InsuranceTiptree Capital - OtherTotalCostFair ValueCostFair ValueCostFair ValueInvesque$23,339 $719 $111,490 $3,442 $134,829 $4,161 Exchange traded funds1,339 1,349 — — 1,339