Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 177

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 177
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098 103,876 120 103,996 Indefinite-Lived Intangible Assets: (1)Insurance licensing agreements13,761 — 13,761 13,761 — 13,761 Other— 1,000 1,000 — 1,000 1,000 Total indefinite-lived intangible assets13,761 1,000 14,761 13,761 1,000 14,761 Total intangible assets, net$101,819 $1,040 $102,859 $117,637 $1,120 $118,757 Goodwill 204,998 1,708 206,706 204,447 1,708 206,155 Total goodwill and intangible assets, net$306,817 $2,748 $309,565 $322,084 $2,828 $324,912 (1)    Impairment tests are performed at least annually on indefinite-lived intangible assets.GoodwillThe following table presents the activity in goodwill, by operating segment and/or reporting unit, as appropriate, and includes the adjustments made to the balance of goodwill to reflect the effect of the final valuation adjustments made for acquisitions, as well as the reduction to any goodwill attributable to impairment related charges:InsuranceOtherTotalBalance at December 31, 2022$184,900 $1,708 $186,608 Goodwill acquired (1)18,359 — 18,359 Foreign currency translation and other1,188 — 1,188 Balance at December 31, 2023$204,447 $1,708 $206,155 Foreign currency translation and other551 — 551 Balance at December 31, 2024$204,998 $1,708 $206,706 (1)    See Note (3) Acquisitions for more information. The Company conducts annual impairment tests of its goodwill as of October 1. For the years ended December 31, 2024, 2023 and 2022, no impairments were recorded on the Company’s goodwill. There was no accumulated impairment recorded in the goodwill balance as of December 31, 2024.

F-36

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