Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 229

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 229
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 if it occurred on that date using a Tangible Book Value as of September 30, 2025.

The following unaudited pro forma condensed consolidated financial statements and related notes, as of and for the nine months ended September 30, 2025, and for the years ended December 31, 2024, 2023 and 2022, have been prepared based on, and should be reviewed in conjunction with: (i) the audited consolidated financial statements of Tiptree and accompanying notes included in Tiptree’s Annual Report on Form 10-K for the years ended December 31, 2024, 2023 and 2022; (ii) the unaudited consolidated financial statements of Tiptree and related notes included in Tiptree’s Quarterly Report on Form 10-Q for the nine months ended September 30, 2025; (iii) the audited financial statements of Fortegra and accompanying notes included in Fortegra’s Annual Report for the years ended December 31, 2024 and 2023; and (iv) the unaudited consolidated financial statements of Fortegra and related notes included in Fortegra’s Quarterly Report for the nine months ended September 30, 2025. The pro forma financials are reflective as if the Merger occurred on January 1, 2022.

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TABLE OF CONTENTS

TIPTREE INC. AND SUBSIDIARIES Unaudited Pro Forma Condensed Consolidated Balance Sheet (in thousands, except share data)

|                                                                                                                                      |     | As of September 30, 2025 |     |              |     |            |     |          |     |             |     |       |     |          |
|:-------------------------------------------------------------------------------------------------------------------------------------|:----|-------------------------:|:----|-------------:|:----|-----------:|:----|:---------|:----|------------:|:----|:------|:----|---------:|
|                                                                                                                                      |     |                  Tiptree 
             Consolidated |     |  Transaction 
   Accounting 
  adjustments 
   - Fortegra |     |     Merger 
        Pro 
      Forma 
   Subtotal |     | Notes    |     | Transaction 
  Accounting 
 adjustments 
  - Reliance |     | Notes |     |      Pro 
    Forma |
| Assets:                                                                                                                              |     |                          |     |              |     |            |     |          |