Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 70

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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109 Obligations of foreign governments11,632 (2)2 1,303 (82)5 Total$223,152 $(4,805)775 $292,661 $(28,856)947 As of December 31, 2024Less Than or Equal to One YearMore Than One YearFair valueGrossunrealized losses# of Securities(1)Fair valueGross unrealized losses# of Securities(1)U.S. Treasury securities and obligations of U.S. government authorities and agencies$118,269 $(4,359)612 $176,083 $(26,611)570 Obligations of state and political subdivisions5,856 (77)147 31,769 (2,840)96 Corporate securities293,224 (2,156)958 103,002 (5,247)385 Asset backed securities— — — 21,756 (2,531)130 Obligations of foreign governments48,346 (266)15 1,273 (118)6 Total$465,695 $(6,858)1,732 $333,883 $(37,347)1,187 (1)    Presented in whole numbers.Management believes that it is more likely than not that the Company will be able to hold the fixed maturity AFS securities that were in an unrealized loss position as of June 30, 2025 until full recovery of their amortized cost basis.

F-16

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

The table below presents a roll-forward of the activity in the allowance for credit losses on AFS securities by type for the following periods:Obligations of state and political subdivisionsCorporate securitiesAsset backed securitiesObligations of foreign governmentsTotalBalance at December 31, 2023$(1)$(73)$(10)$— $(84)(Increase) in allowance for credit losses— (166)(5)— (171)Additions for AFS securities purchased with credit deterioration during the year— (679)— — (679)Gains from recoveries of amounts previously written off— 10 — — 10 Balance at June 30, 2024$(1)$(