Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 174

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 174
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,728 14.3 %Property and liability insurance1,284,543 661,871 366,585 989,257 37.1 %Total premiums written$1,515,105 $800,012 $374,297 $1,089,390 34.4 %Premiums earned:Life insurance82,730 41,359 522 41,893 1.2 %Accident and health insurance141,662 96,725 7,734 52,671 14.7 %Property and liability insurance1,090,744 582,711 302,168 810,201 37.3 %Total premiums earned$1,315,136 $720,795 $310,424 $904,765 34.3 %The following table presents the components of policy and contract benefits, including the effect of reinsurance on losses and loss adjustment expenses (LAE) incurred:Direct AmountCeded to Other CompaniesAssumed from Other CompaniesNet AmountPercentage of Amount - Assumed to NetYear Ended December 31, 2024Losses and LAE IncurredLife insurance$42,411 $23,856 $(5)$18,550 — %Accident and health insurance22,686 16,439 10,511 16,758 62.7 %Property and liability insurance893,373 563,101 356,610 686,882 51.9 %Total losses and LAE incurred$958,470 $603,396 $367,116 $722,190 50.8 %Member benefit claims (1)119,017 Total policy and contract benefits$841,207 Year Ended December 31, 2023Losses and LAE IncurredLife insurance$46,595 $25,120 $122 $21,597 0.6 %Accident and health insurance23,694 17,867 5,608 11,435 49.0 %Property and liability insurance647,840 438,953 240,587 449,474 53.5 %Total losses and LAE incurred$718,129 $481,940 $246,317 $482,506 51.0 %Member benefit claims (1)119,288 Total policy and contract benefits$601,794