Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 178

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 178
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Intangible Assets, netThe following table presents the activity, by operating segment and/or reporting unit, as appropriate, in finite and indefinite-lived other intangible assets and includes the adjustments made to the balance to reflect the effect of any final valuation adjustments made for acquisitions, as well as any reduction attributable to impairment-related charges:InsuranceOtherTotalBalance at December 31, 2022$115,087 $1,928 $117,015 Intangible assets acquired (1)18,152 — 18,152 Amortization expense(16,921)(80)(17,001)Foreign currency translation and other1,319 — 1,319 Impairment— (728)(728)Balance at December 31, 2023$117,637 $1,120 $118,757 Amortization expense(15,413)(80)(15,493)Foreign currency translation and other(405)— (405)Balance at December 31, 2024$101,819 $1,040 $102,859 (1)    See Note (3) Acquisitions for more information. The following table presents the amortization expense on finite-lived intangible assets for the following periods:For the Year Ended December 31,202420232022Amortization expense on intangible assets$15,493 $17,001 $16,355 For the years ended December 31, 2024 and 2022, no impairments were recorded on the Company’s intangible assets. For the year ended December 31, 2023, the Company partially impaired its other indefinite lived intangible assets as a result of oversupply of fishing licenses which has driven valuations lower. The Company’s accumulated impairment on intangible assets was $728 as of December 31, 2024.The following table presents the amortization expense on finite-lived intangible assets for the next five years and thereafter by operating segment and/or reporting unit, as appropriate:As of December 31, 2024Insurance (1)OtherTotal2025$13,240 $40 $13,280 202610,894 — 10,894 20279,543 — 9,543 20288,341 — 8,341 20297,292 — 7,292 2030 and thereafter38,809 — 38,809 Total$88,119 $40