Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 25

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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(1) The total gross written premiums and premium equivalents of $1,660.8 million and $1,439.5 million for the six months ended June 30, 2025 and 2024, respectively, were comprised of gross written premiums of $1,228.2 million and $1,030.9 million, plus assumed premiums of $280.1 million and $220.7 million, plus gross service and administrative fee additions of $152.5 million and $187.9 million, respectively. See Note (6) Reinsurance Recoverable and Prepaid Reinsurance Premiums and Note (12) Revenue from Contracts with Customers within the respective periods for more information.

Total gross written premiums and premium equivalents for the six months ended June 30, 2025 were $1,660.8 million, representing an increase of $221.3 million, or 15.4% as compared to the prior year period. The increase was driven by a combination of factors including expanding Fortegra’s distribution partner network, and growing E&S insurance lines. E&S premiums were $690.4 million for the six months ended June 30, 2025 compared to $557.7 million in the prior year period, a 23.8% increase. For the six 

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months ended June 30, 2025, Insurance increased by $256.8 million, or 20.5%, driven primarily by growth in property and short-tail, general liability and contractual liability, and European lines, partially offset by decline in professional liability and personal lines. For the six months ended June 30, 2025, Services decreased by $35.5 million, or 18.9%, driven by lower volume in consumer goods and vehicle service contracts.

Net written premiums

($ in thousands)Six Months Ended June 30, 20252024Property and short-tail$295,970 $216,859 Contractual liability46,88341,516General liability112,62983,860Alternative risks126,275119,588Professional liability42,42764,391Europe95,92879,670Commercial lines$720,112 $605,884 Personal lines66,38378,164Insurance$786,495 $684,048 

Net written premiums for the six months ended June 30, 2025 were $786.5 million, representing an increase of $102.4 million, or 15.0% as compared to the prior