Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 204

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 204
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iled statutory insurance companies for the following periods:For the Year Ended December 31,202420232022Net income of statutory insurance companies$91,995 $47,384 $12,964 The Company also has a foreign insurance subsidiary that is not subject to SAP. The statutory capital and surplus amounts and statutory net income presented above do not include the foreign insurance subsidiary in accordance with SAP.Statutory DividendsThe Company’s U.S. domiciled insurance company subsidiaries may pay dividends to the Company, subject to statutory restrictions. Payments in excess of statutory restrictions (extraordinary dividends) to the Company are permitted only with prior approval of the insurance department of the applicable state of domicile. The Company eliminates all dividends from its subsidiaries in the consolidated financial statements. The following table presents the dividends paid to the Company by its U.S domiciled insurance company subsidiaries and the combined amount available for ordinary dividends of the Company's U.S. domiciled insurance company subsidiaries for the following periods:For the Year Ended December 31,20242023Ordinary dividends$5,000 $27,114 Total dividends$5,000 $27,114 As ofDecember 31, 2024December 31, 2023Amount available for ordinary dividends of the Company's insurance company subsidiaries$78,614 $24,327 At December 31, 2024, the maximum amount of dividends that our U.S. domiciled insurance company subsidiaries could pay under applicable laws and regulations without regulatory approval was approximately $78,614. The Company may seek regulatory approval to pay dividends in excess of this permitted amount, but there can be no assurance that the Company would receive regulatory approval if sought.

F-56

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

(18) Accumulated Other Comprehensive Income (Loss) (AOCI)

The following table presents the activity of AFS securities in AOCI, net of tax, for the following periods:Unrealized gains (losses) on available for sale securitiesForeign currency translation adjustmentTotal AOCIAmount attributable to non-controlling interestsTotal AOCI to Tiptree Inc.Balance at December 31, 2022$(43,043)$(7,311)$(50,354)$10,925 $(39,429)Other comprehensive income (losses) before reclassifications8,716 7,213 15,929 (4