Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 93

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part II, Item 8
Chunk 93
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 31, 2024InsuranceMortgageSegments subtotalOtherCorporateTotalRevenues:Earned premiums, net$347,310$—$347,310 $—$—$347,310Service and administrative fees110,487—110,487 ——110,487Ceding commissions2,744—2,744 ——2,744Net investment income6,758—6,758 ——6,758Net realized and unrealized gains (losses)2,81910,66413,483 2,141—15,624Other revenue8,6385,22713,865 1,433—15,298Total revenues478,75615,891494,647 3,574—498,221Expenses:Policy and contract benefits207,664—207,664 ——207,664Commission expense156,948—156,948 ——156,948Employee compensation and benefits31,4509,23940,689 1078,39049,186Interest expense7,6396518,290 ——8,290Depreciation and amortization5,0831255,208 —3605,568Other expenses33,1615,12338,284 4742,10840,866Total expense441,94515,138457,083 58110,858468,522Income (loss) before taxes36,81175337,564 2,993(10,858)29,699Less: provision (benefit) for income taxes13,818Net income (loss)15,881Less: net income (loss) attributable to non-controlling interests6,831Net income (loss) attributable to common stockholders$9,050The Company conducts its operations primarily in the U.S. with 4.6% and 5.2% of total revenues generated overseas for the three months ended March 31, 2025 and 2024, respectively.

F-12

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

(4) Investments

The following table presents the Company’s investments related to insurance operations and other Tiptree investing activities, measured at fair value as of the following periods:As of March 31, 2025Tiptree CapitalInsuranceMortgageOtherTotalAvailable for sale securities, at fair value, net of allowance for credit losses$1,136,