Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 13

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 13
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 net unrealized gains (losses)(2,000)(7,328)Total net realized and unrealized gains (losses)$6,831 $15,624 

(5) Notes and Accounts Receivable, net

The following table presents the total notes and accounts receivable, net:As ofMarch 31,2025December 31, 2024Accounts and premiums receivable, net$353,127 $341,613 Retrospective commissions receivable301,896 286,314 Notes receivable, net117,152 138,162 Other receivables26,263 33,042 Total notes and accounts receivable, net$798,438 $799,131 The following table presents the total valuation allowance and bad debt expense for the following periods:Valuation allowanceBad Debt ExpenseAs ofThree Months EndedMarch 31, March 31,2025December 31, 202420252024Notes receivable, net - premium financing program (1)$27 $26 $7 $45 Accounts and premiums receivable, net$328 $294 $11 $172 (1)    As of March 31, 2025 and December 31, 2024, there were $26 and $37 in balances classified as 90 days plus past due, respectively.

F-19

TIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsMarch 31, 2025(in thousands, except share data)

(6) Reinsurance Recoverable and Prepaid Reinsurance Premiums

The following table presents the effect of reinsurance on premiums written and earned by our insurance business for the following periods:Direct AmountCeded to Other CompaniesAssumed from Other CompaniesNet AmountPercentage of Amount - Assumed to NetThree Months Ended March 31, 2025Premiums written:Life insurance$16,570 $8,878 $41 $7,733 0.5 %Accident and health insurance27,505 18,944 46 8,607 0.5 %Property and liability insurance494,657 281,100 127,792 341,349 37.4 %Total premiums written$538,732 $308,922 $127,879 $357,689 35.8 %Premiums earned:Life insurance$19,306 $9,881