Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 208

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 208
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 have an original expected duration of one year or less. The transaction price allocated to remaining unsatisfied or partially unsatisfied performance obligations with an original expected duration exceeding one year was not material as of June 30, 2025.

F-38

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

The timing of our revenue recognition may differ from the timing of payment by our customers. We record a receivable when revenue is recognized prior to payment and we have an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, we record deferred revenue until the performance obligations are satisfied.The following table presents the activity in the deferred assets and liabilities related to revenue from contracts with customers for the following period:January 1, 2025June 30, 2025Beginning balanceAdditionsAmortizationEnding balanceDeferred acquisition costsService and Administrative Fees:Service contract revenue$211,406 $44,912 $46,072 $210,246 Motor club revenue12,904 14,440 14,856 12,488 Total$224,310 $59,352 $60,928 $222,734 Deferred revenueService and Administrative Fees:Service contract revenue$617,633 $131,934 $143,119 $606,448 Motor club revenue16,746 18,506 18,981 16,271 Other— 2,027 2,027 — Total$634,379 $152,467 $164,127 $622,719 For the periods presented, no write-offs for unrecoverable deferred acquisition costs and deferred revenue were recognized.

(13) Other Assets and Other Liabilities and Accrued Expenses

Other AssetsThe following table presents the components of other assets as reported in the condensed consolidated balance sheets:As ofJune 30, 2025December 31, 2024Accrued investment income$13,924 $12,415 Loans eligible for repurchase51,501 56,279 Mortgage servicing rights41,416 42,611 Right of use assets - operating leases (1)28,826 27,816 Income tax receivable2,263 1,976 Furniture, fixtures and equipment, net26,581 27,321 Due from broker/tr