Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 11

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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)$3,401 $— $— $3,401 Debentures22,729 — — 22,729 Investment in credit fund21,927 — — 21,927 Other— 4,356 — 4,356 Total other investments$48,057 $4,356 $— $52,413 

F-17

TIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsMarch 31, 2025(in thousands, except share data)

As of December 31, 2024Tiptree CapitalInsuranceMortgageOtherTotalCorporate bonds (1)$3,331 $— $— $3,331 Debentures25,320 — — 25,320 Investment in credit fund21,332 — — 21,332 Other— 3,101 — 3,101 Total other investments$49,983 $3,101 $— $53,084 (1)        The cost basis of corporate bonds was $3,381 and $3,139 as of March 31, 2025 and December 31, 2024, respectively.

Net Investment Income - InsuranceNet investment income represents investment income and expense from investments related to insurance operations as disclosed within net investment income on the condensed consolidated statements of operations. The following table presents the components of net investment income by source of income:Three Months EndedMarch 31, 20252024Interest:AFS securities$12,228 $6,611 Loans, at fair value16 40 Other investments1,309 1,861 Dividends from equity securities309 86 Subtotal13,862 8,598 Less: investment expenses2,133 1,840 Net investment income$11,729 $6,758 Other Investment Income - Tiptree Capital Other investment income represents revenue from non-insurance activities as disclosed within other revenue on the condensed consolidated statements of operations, see Note (14) Other Revenue and Other Expenses. The following tables present the components of other investment income by type:Three Months EndedMarch 31, 20252024Interest income from Loans, at fair value$862 $816 Loan fee income4,739 4,381 Other660 1,019 Other investment income$6,261