Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 173

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part II, Item 8
Chunk 173
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33.3 million for the three months ended March 31, 2025. In 2025, the primary sources of cash from operating activities included growth in insurance premiums written resulting in increases in policy liabilities and unpaid claims, and decreases in prepaid reinsurance premiums and deferred acquisition costs, which were more than offset by increases in accounts receivable, reinsurance recoverables and decreases in reinsurance payables, unearned premiums and deferred revenue. 

Cash provided by operating activities was $62.7 million for the three months ended March 31, 2024. In 2024, the primary sources of cash from operating activities included growth in insurance premiums written resulting in increases in policy liabilities and unpaid claims which were partially offset by increases in accounts receivable and other liabilities and accrued expenses and a decrease in unearned premiums.

Investing Activities 

Cash used in investing activities was $18.1 million for the three months ended March 31, 2025. In 2025, the primary use of cash was the purchases of investments outpacing proceeds from sales and maturities, partially offset by proceeds from notes receivable exceeding issuance of notes receivable. 

Cash used in investing activities was $40.5 million for the three months ended March 31, 2024. In 2024, the primary source of cash was proceeds from the sale of investments outpacing purchases.

Financing Activities

Cash provided by financing activities was $61.3 million for the three months ended March 31, 2025. In 2025, the cash provided was primarily from the senior secured credit facility at Tiptree Holdings LLC in amount of $75.0 million, partially offset by the payment of common and preferred dividends.

Cash provided by financing activities was $8.0 million for the three months ended March 31, 2024. In 2024, the cash provided was primarily proceeds from corporate borrowings at Fortegra and mortgage warehouse facilities, which exceeded repayments, and a non-controlling interest contribution to Fortegra, partially offset by the payment of common and preferred dividends.

68

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The preparation of our financial statements in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect the amounts reported in our financial statements and accompanying notes. Actual results could differ materially from those estimates. There have been no material changes to the critical accounting policies and estimates as discussed in Part II, Item 7A in our Annual Report