Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 200

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 200
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,163 16,035 12,290 Other (2)22,766 18,605 10,235 Total other revenue$66,802 $58,903 $76,185 (1)    See Note (6) Investments for the components of Other investment income.(2)    Includes $21,604, $15,654 and $5,269 for the years ended December 31, 2024, 2023 and 2022, respectively, related to Insurance.Other ExpensesThe following table presents the components of other expenses as reported in the consolidated statement of operations:For the Year Ended December 31,202420232022General and administrative$42,587 $38,086 $26,216 Professional fees30,261 28,292 26,614 Premium taxes16,333 19,137 22,362 Mortgage origination expenses13,208 12,248 17,540 Rent and related16,572 15,871 17,635 Other26,292 17,284 22,213 Total other expenses$145,253 $130,918 $132,580 

F-53

TIPTREE INC. AND SUBSIDIARIESNotes to Consolidated Financial StatementsDecember 31, 2024(in thousands, except share data)

(17) Stockholders' Equity

Stock RepurchasesThe Board of Directors authorized the Company to make repurchases of up to $20,000 of shares of the Company’s outstanding common stock in the aggregate, at the discretion of the Company’s Executive Committee. There were no shares repurchased during the year ended December 31, 2024. As of December 31, 2024, the remaining repurchase authorization was $11,945.Tiptree Warrants In the year ended December 31, 2022, warrants were exercised for 1,999,989 shares of Tiptree common stock, with 1,979,325 warrants exercised for $13,724 in cash, and 20,664 exercised cashless. As of December 31, 2024 and 2023, there were no warrants for shares of Tiptree common stock outstanding.DividendsThe Company declared cash dividends per share for the following periods presented below:Dividends per share for theFor the Year Ended December 31,202420232022First quarter$0.06 $0.05