Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 188

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 188
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 by a third-party investment manager, based on quoted market prices. We perform internal price verification procedures monthly to ensure that the prices provided are reasonable.Mortgage Servicing RightsMortgage servicing rights are classified under Level 3 in the fair value hierarchy and fair value is provided by a third-party valuation service. Various observable and unobservable inputs are used to determine fair value, including discount rate, cost to service and weighted average prepayment speed. 

F-43

TIPTREE INC. AND SUBSIDIARIESNotes to Consolidated Financial StatementsDecember 31, 2024(in thousands, except share data)

The following tables present the Company’s fair value hierarchies for financial assets and liabilities, measured on a recurring basis: As of December 31, 2024Quotedprices inactivemarkets Level 1 Other significant observable inputs  Level 2  Significant unobservable inputsLevel 3Fair valueAssets:Available for sale securities, at fair value:U.S. Treasury securities and obligations of U.S. government authorities and agencies$— $395,643 $— $395,643 Obligations of state and political subdivisions— 38,675 — 38,675 Obligations of foreign governments— 51,472 — 51,472 Certificates of deposit1,145 — — 1,145 Asset backed securities— 22,860 — 22,860 Corporate securities— 598,134 — 598,134 Total available for sale securities, at fair value1,145 1,106,784 — 1,107,929 Loans, at fair value:Corporate loans— — 10,272 10,272 Mortgage loans held for sale— 71,058 — 71,058 Total loans, at fair value— 71,058 10,272 81,330 Equity securities:Exchange traded funds5,075 — — 5,075 Other equity securities95,360 — 8,185 103,545 Total equity securities100,435 — 8,185 108,620 Other investments, at fair value:Corporate bonds— 3,331 — 3,331 Derivative assets— 834 2,267 3,101 Other— 21,332 — 21,332 Total other investments, at fair