Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 314

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 314
---

THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) June 30, 2025 (in thousands, unless otherwise noted) Our director John Hendrickson became Chief Executive Officer of Concert Group Holdings, Inc. (“Concert”) on January 1, 2023. From time to time, we have entered into reinsurance arrangements with subsidiaries of Concert. The arrangements are entered into in the ordinary course of business. The following table presents the amounts recorded related to these reinsurance arrangements on the Company’s condensed consolidated statements of operations and condensed consolidated balance sheets:

|                      |     | Three Months Ended 
           June 30, |     |      |     | Six Months Ended 
         June 30, |     |        |
|                      |     |               2025 |     | 2024 |     |             2025 |     |   2024 |
| Earned premiums, net |     |               $361 |     | $109 |     |             $492 |     | $1,756 |

|                         |     |    As of 
 June 30, 
     2025 |     | December 31, 
         2024 |
|:------------------------|:----|---------:|:----|-------------:|
| Reinsurance recoverable |     |  $40,104 |     |      $41,473 |

Warburg is a related party of Fortegra due to its level of ownership of Fortegra’s Common Stock. Fortegra has arrangements with certain Warburg portfolio companies for which they have a controlling interest. These consist of the following: K2 Insurance Services, LLC, McGill Global Risk Solutions LLC, and Mariner Finance, LLC. Income (loss) before taxes related to these portfolio companies were $1.2 million, $— million, and $1.3 million, respectively, for the six months ended June 30, 2025, and $2.9 million, $(0.1) million, and $0.7 million, respectively, for the six months ended June 30, 2024. Income (loss) before taxes related to these portfolio companies were $0.6 million, $— million and $0.6 million respectively, for the three months ended June 30, 2025, and $1.7 million, $— million, and $0.6 million, respectively, for the three months ended June 30