Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 230

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 230
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) |
| Net income (loss) per common share:                               |     |                              |     |               |     |       |     |            |
| Basic earnings per share                                          |     |                      $(0.23) |     |               |     |       |     |    $(0.47) |
| Diluted earnings per share                                        |     |                      $(0.23) |     |               |     |       |     |    $(0.47) |
| Weighted average number of common shares:                         |     |                              |     |               |     |       |     |            |
| Basic                                                             |     |                   35,531,149 |     |               |     |       |     | 35,531,149 |
| Diluted                                                           |     |                   35,531,149 |     |               |     |       |     | 35,531,149 |
| Dividends declared per common share                               |     |                        $0.16 |     |               |     |       |     |      $0.16 |

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TABLE OF CONTENTS

NOTES TO PRELIMINARY UNAUDITED PRO FORMA CONDENSED FINANCIAL STATEMENTS 1. BASIS OF PRESENTATION The preliminary unaudited pro forma combined financial statements have been derived from the historical consolidated financial statements of Tiptree and Fortegra in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in U.S. dollars. The Merger is being accounted for as a deconsolidation of a subsidiary under ASC 810 Consolidations, which requires an entity to derecognize assets as of the date the parent ceases to have a controlling financial interest in that subsidiary. At the date of deconsolidation, the entity shall recognize a gain or loss in net income attributable to the parent, measured as the difference between (a) the aggregate of the (i) fair value of any consideration received; (ii) fair value of any retained noncontrolling investment in the former subsidiary at the date the subsidiary is deconsolidated; and (iii) carrying amount of any noncontrolling interest in the former subsidiary (including any accumulated other comprehensive income attributable to the noncontrolling interest) at the date the subsidiary is deconsolidated and (b) the carrying amount of the former subsidiary’s assets and liabilities. 2. PRELIMINARY DECONSOLIDATION ACCOUNTING FOR FORTEGRA The Mer