Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 175

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 175
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Year Ended December 31, 2022Losses and LAE IncurredLife insurance$52,186 $28,214 $504 $24,476 2.1 %Accident and health insurance29,221 21,860 6,780 14,141 47.9 %Property and liability insurance447,294 307,052 182,742 322,984 56.6 %Total losses and LAE incurred$528,701 $357,126 $190,026 $361,601 52.6 %Member benefit claims (1)91,004 Total policy and contract benefits$452,605 (1)            Member benefit claims are not covered by reinsurance.

F-34

TIPTREE INC. AND SUBSIDIARIESNotes to Consolidated Financial StatementsDecember 31, 2024(in thousands, except share data)

The following table presents the components of the reinsurance recoverable:As of December 31,20242023Ceded claim reserves:Life insurance$4,621 $4,733 Accident and health insurance24,836 22,660 Property and liability insurance607,250 420,894 Total ceded claim reserves recoverable636,707 448,287 Other reinsurance settlements recoverable356,176 505,599 Total reinsurance recoverable$992,883 $953,886 The following table presents the components of prepaid reinsurance premiums:As of December 31,20242023Prepaid reinsurance premiums:Life insurance (1)$71,427 $74,815 Accident and health insurance (1)72,840 76,440 Property and liability insurance901,986 749,269 Total prepaid reinsurance premiums$1,046,253 $900,524 (1)    Including policyholder account balances ceded. The following table presents the aggregate amount included in reinsurance receivables that is comprised of the three largest receivable balances from non-affiliated reinsurers:As of December 31, 2024Total of the three largest receivable balances from non-affiliated reinsurers$220,418 As of December 31, 2024, the non-affiliated reinsurers from whom our insurance business has the largest receivable balances were: Allianz Global Risks US Insurance Company (AM Best Rating: A+ rated), Allianz Reinsurance America,