Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 160

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 160
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 mortgage business originates loans for sale to institutional investors, including GSEs and FHA/VA and services loans on behalf of Fannie Mae, Freddie Mac, and Ginnie Mae.Other includes our asset manager, Tiptree Advisors, other investments, and our maritime shipping operations for prior year periods. The tables below present the components of total assets, revenue, expense and income (loss) before taxes for our reportable segments and other business activities for the following periods: For the Year Ended December 31, 2024InsuranceMortgageSegments subtotalOtherCorporateTotalTotal assets$5,432,987$202,664$5,635,651 $36,818$22,320 $5,694,789 Revenues:Earned premiums, net$1,471,930$—$1,471,930$—$—$1,471,930Service and administrative fees405,193—405,193——405,193Ceding commissions15,384—15,384——15,384Net investment income32,976—32,976——32,976Net realized and unrealized gains (losses)8,49642,97851,474(905)—50,569Other revenue39,73022,93662,6664,136—66,802Total revenues1,973,70965,914$2,039,6233,231—2,042,854Expenses:Policy and contract benefits841,207—841,207——841,207Commission expense648,819—648,819——648,819Employee compensation and benefits137,74337,452175,19551528,645204,355Interest expense30,2472,00132,248——32,248Depreciation and amortization19,86034320,203—1,45021,653Other expenses112,67521,393134,0682,8798,306145,253Total expense1,790,55161,1891,851,7403,39438,4011,893,535Income (loss) before taxes183,1584,725187,883(163)(38,401)149,319Less: provision (benefit) for income taxes61,652Net income (loss)87,667Less: net income (loss) attributable to non-controlling interests34,300Net income (loss) attributable to common stockholders$53,367

F-23

TIPTREE INC. AND SUBS