Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 30

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 30
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OtherCorporateTotalIncome (loss) before taxes$129,816 $(3,285)$(3,264)$(40,214)$83,053 Less: Income tax (benefit) expense(28,224)837 153 (15,822)(43,056)Less: Net realized and unrealized gains (losses) (1)4,207 1,861 5,289 — 11,357 Plus: Intangibles amortization (2)16,919 — — — 16,919 Plus: Stock-based compensation expense2,018 — — 6,251 8,269 Plus: Non-recurring expenses (3)2,824 — — — 2,824 Plus: Non-cash fair value adjustments (4)(1,769)— — — (1,769)Plus: Impact of tax deconsolidation of Fortegra (5)— — — 19,101 19,101 Less: Tax on adjustments (6)(10,086)(495)(1,255)797 (11,039)Adjusted net income (before NCI)$115,705 $(1,082)$923 $(29,887)$85,659 Less: Impact of non-controlling interests(23,742)— — — (23,742)Adjusted net income $91,963 $(1,082)$923 $(29,887)$61,917 Adjusted net income (before NCI)$115,705 $(1,082)$923 $(29,887)$85,659 Average stockholders’ equity$395,661 $53,520 $100,325 $5,564 $555,070 Adjusted return on average equity (7)29.2 %(2.0)%0.9 %NM%15.4 %(1)     Net realized and unrealized gains (losses) added back in Adjusted net income excludes net realized and unrealized gains (losses) from the mortgage segment and unrealized gains (losses) on mortgage servicing rights.(2)        Specifically associated with acquisition purchase accounting. See Note (9) Goodwill and Intangible Assets, net.(3)    For the years ended December 31, 2024 and 2023, included in other expenses were expenses related to legal and other expenses associated with preparation of the registration statement