Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 92

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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 securities sold short, and fair value is provided by a third-party investment manager, based on quoted market prices. We perform internal price verification procedures monthly to ensure that the prices provided are reasonable.Mortgage Servicing RightsMortgage servicing rights are classified under Level 3 in the fair value hierarchy and fair value is provided by a third-party valuation service. Various observable and unobservable inputs are used to determine fair value, including discount rate, cost to service and weighted average prepayment speed. 

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Table of ContentsTIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsJune 30, 2025(in thousands, except share data)

The following tables present the Company’s fair value hierarchies for financial assets and liabilities, measured on a recurring basis: As of June 30, 2025Quotedprices inactivemarkets Level 1 Other significant observable inputs  Level 2  Significant unobservable inputsLevel 3Fair valueAssets:Available for sale securities, at fair value:U.S. Treasury securities and obligations of U.S. government authorities and agencies$— $455,275 $— $455,275 Obligations of state and political subdivisions— 30,980 — 30,980 Obligations of foreign governments— 56,866 — 56,866 Certificates of deposit1,150 — — 1,150 Asset backed securities— 14,290 — 14,290 Corporate securities— 608,316 — 608,316 Total available for sale securities, at fair value1,150 1,165,727 — 1,166,877 Loans, at fair value:Corporate loans— — 8,359 8,359 Mortgage loans held for sale— 67,433 — 67,433 Total loans, at fair value— 67,433 8,359 75,792 Equity securities:Exchange traded funds42 — — 42 Other equity securities131,698 — 9,101 140,799 Total equity securities131,740 — 9,101 140,841 Other investments, at fair value:Corporate bonds— 3,410 — 3,410 Derivative assets— 180 4,043 4,223 Other— 22,044 5,