Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 236

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 236
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 Fortegra is a specialty insurance underwriter and service provider, focused on niche programs and fee-oriented services. The combination of specialty insurance underwriting, service contract products, and related service solutions delivered through a vertically integrated business model creates a blend of traditional underwriting revenues, investment income and unregulated fee revenues. The Company distributes its products through networks of banks, loan companies, automobile dealerships, third party administrators (“TPAs”) and managing general agencies (“MGAs”).

**(2) Summary of Significant Accounting Policies

Definitions and abbreviations

“AFS Securities” means Available for Sale Securities, at fair value.

“A.M. Best” means A.M. Best Company, Inc.

“ETFs” means exchange traded funds.

“GAAP” means U.S. generally accepted accounting principles.

“NAIC” means the National Association of Insurance Commissioners.

“PORCs” means producer owned reinsurance companies.

“Preferred Trust Securities” means our preferred trust securities due June 15, 2037.

“SAP” means statutory accounting principles.**

“Tiptree Advisors” means collectively: Tiptree Advisors Holdings, L.P., Tiptree Advisors, LLC, Tiptree GP Holdings, LLC and Tiptree Holdings GP, LLC. This entity was formerly Corvid Peak Capital Management, LLC, and was renamed effective April 3 rd , 2024.

“Tiptree Advisors Funds” means Corvid Peak Restructuring Partners Onshore Fund LLC and Albatross CP LLC.

“Warburg” means WP Falcon Aggregator, L.P., a Delaware limited partnership affiliated with funds advised or managed by Warburg Pincus LLC.

“WP Transaction” means the $200 million strategic investment in Fortegra by Warburg Pincus pursuant to the Securities Purchase Agreement between and among Tiptree, Fortegra and WP Falcon Aggregator, L.P. dated October 11, 2021.

#### Basis of Presentation
The accompanying consolidated financial statements of Fortegra have been prepared in accordance with GAAP and include the accounts of the Company and its subsidiaries. The consolidated financial statements are presented in U.S. dollars, the main operating currency of the Company.

#### Reclassifications
As a result of changes in presentation, certain prior period amounts have been reclassified to conform to the current presentation. These reclassifications had no effect on the reported results of operations.

#### Principles of Consolidation
The consolidated financial statements include the accounts of Fortegra and its majority-owned and controlled subsidiaries. The Company eliminates all intercompany account