Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 191

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 191
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1,807 Disposal of intangible assets— (1,000)(1,000)Balance at June 30, 2025$96,941 $— $96,941 

F-25

Table of ContentsTIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsJune 30, 2025(in thousands, except share data)

The following table presents the amortization expense on finite-lived intangible assets for the following periods:Three Months Ended June 30, Six Months EndedJune 30, 2025202420252024Amortization expense on intangible assets$3,371 $3,747 $6,725 $7,738 For the six months ended June 30, 2025 and 2024, no impairments were recorded on the Company’s intangible assets. The following table presents the amortization expense on finite-lived intangible assets for the next five years and thereafter by operating segment and/or reporting unit, as appropriate:As of June 30, 2025Insurance (1)TotalRemainder of 2025$6,595 $6,595 202610,894 10,894 20279,543 9,543 20288,341 8,341 20297,293 7,293 2030 and thereafter38,809 38,809 Total$81,475 $81,475 (1)    Does not include foreign currency translation adjustment of $1,705 as of June 30, 2025.

(8) Derivative Financial Instruments and Hedging

The Company selectively utilizes derivative financial instruments as part of its overall investment and hedging activities. Derivative contracts are subject to additional risk that can result in a loss of all or part of an investment. The Company’s derivative activities are primarily to manage underlying credit risk, market risk, interest rate risk and currency exchange rate risk. In addition, the Company is also subject to counterparty risk should its counterparties fail to meet the contract terms. Derivative assets are reported in other investments. Derivative liabilities are reported within other liabilities and accrued expenses. Derivatives for our mortgage business are primarily comprised of interest rate lock commitments (IRLCs), forward delivery contracts, and TBA mortgage-backed securities.Interest Rate Lock CommitmentsThe fair value of these instruments is based upon valuation pricing models, which represent the amount the Company would expect to receive or pay