Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 188

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 188
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Life insurance$22,494 $12,230 $(21)$10,243 (0.2)%Accident and health insurance10,892 6,967 10,485 14,410 72.8 %Property and liability insurance430,226 242,682 168,442 355,986 47.3 %Total losses and LAE incurred$463,612 $261,879 $178,906 $380,639 47.0 %Member benefit claims (1)61,000 Total policy and contract benefits$441,639 (1)            Member benefit claims are not covered by reinsurance.

F-23

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

The following table presents the components of the reinsurance recoverable:As ofJune 30,2025December 31, 2024Ceded claim reserves:Life insurance$3,983 $4,621 Accident and health insurance25,404 24,836 Property and liability insurance729,291 607,250 Total ceded claim reserves recoverable758,678 636,707 Other reinsurance settlements recoverable478,122 356,176 Total reinsurance recoverable$1,236,800 $992,883 The following table presents the components of prepaid reinsurance premiums:As ofJune 30,2025December 31, 2024Prepaid reinsurance premiums:Life insurance (1)$72,085 $71,427 Accident and health insurance (1)68,120 72,840 Property and liability insurance903,739 901,986 Total prepaid reinsurance premiums$1,043,944 $1,046,253 (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 ofJune 30,2025Total of the three largest receivable balances from non-affiliated reinsurers$307,073 As of June 30, 2025, the non-affiliated reinsurers from whom our insurance business has the largest receivable balances were: Allianz Global Risks US Insurance Company (A.M. Best Rating: A+ rated), Allian