Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 279

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 279
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 the lease liability. Below is a summary of our right of use asset and lease liability as of December 31, 2024:

|                                               |     |        As of 
 December 31, 
         2024 |
|:----------------------------------------------|:----|-------------:|
| Right of use asset - Operating leases         |     |      $13,558 |
| Operating lease liability                     |     |      $18,531 |
| Weighted-average remaining lease term (years) |     |         7.06 |
| Weighted-average discount rate(1)             |     |         8.0% |

| (1) | Discount rate was determined by applying available market rates to lease obligations based upon their term. |

As of December 31, 2024, the approximate aggregate minimum future lease payments required for our lease liability over the remaining lease periods are as follows:

| 2025                           |     |        As of 
 December 31, 
         2024 
       $3,642 |
|:-------------------------------|:----|-------------:|
| 2026                           |     |        3,560 |
| 2027                           |     |        3,416 |
| 2028                           |     |        3,172 |
| 2029                           |     |        3,010 |
| 2030 and thereafter            |     |        7,526 |
| Total minimum payments         |     |       24,326 |
| Less: present value adjustment |     |        5,795 |
| Total                          |     |      $18,531 |

The following table presents rent expense for the Company’s office leases recorded on the consolidated statements of operations for the following periods:

|                                |     | For the Year Ended 
       December 31, 
               2024 |     |   2023 |
|:-------------------------------|:----|-------------------:|:----|-------:|
| Rent expense for office leases |     |             $3,426 |     | $3,494 |

Litigation The Company is a defendant in Mullins v. Southern Financial Life Insurance Co., a class action filed in February 2006, in Pike County Circuit Court in the Commonwealth of Kentucky on behalf of Kentucky consumers that purchased certain credit life and disability insurance coverage between 1997-2007. The action alleges violations of the Kentucky Consumer Protection Act (“KCPA”) and certain insurance statutes, common law fraud and breach of