Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 161

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 161
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IDIARIESNotes to Consolidated Financial StatementsDecember 31, 2024(in thousands, except share data)

For the Year Ended December 31, 2023InsuranceMortgageSegments subtotalOtherCorporateTotalTotal assets$4,835,685 $160,147$4,995,832$126,624$16,857$5,139,313Revenues:Earned premiums, net$1,127,834$—$1,127,834 $—$—$1,127,834Service and administrative fees395,969—395,969 ——395,969Ceding commissions14,915—14,915 ——14,915Net investment income26,674—26,674 ——26,674Net realized and unrealized gains (losses)(4,207)34,23230,025 (5,289)—24,736Other revenue31,88519,63251,517 7,386—58,903Total revenues1,593,07053,8641,646,934 2,097—1,649,031Expenses:Policy and contract benefits601,794—601,794 ——601,794Commission expense603,033—603,033 ——603,033Employee compensation and benefits114,34134,040148,381 57930,115179,075Interest expense25,8361,85627,692 ——27,692Depreciation and amortization21,42561722,042 971,32723,466Other expenses96,82520,636117,461 4,6858,772130,918Total expense1,463,25457,1491,520,403 5,36140,2141,565,978Income (loss) before taxes129,816(3,285)126,531 (3,264)(40,214)83,053Less: provision (benefit) for income taxes43,056Net income (loss)39,997Less: net income (loss) attributable to non-controlling interests26,046Net income (loss) attributable to common stockholders$13,951

F-24

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

For the Year Ended December 31, 2022InsuranceMortgageSegments subtotalOtherCorporateTotalRevenues:Earned premiums, net$