Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 134

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 134
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2025

F-4

TIPTREE INC. AND SUBSIDIARIESConsolidated Balance Sheets(in thousands, except share data)

As of December 31,20242023Assets:Investments:Available for sale securities, at fair value, net of allowance for credit losses$1,107,929 $802,609 Loans, at fair value81,330 69,556 Equity securities108,620 68,308 Other investments53,084 111,088 Total investments1,350,963 1,051,561 Cash and cash equivalents 320,067 468,711 Restricted cash96,197 23,850 Notes and accounts receivable, net799,131 684,608 Reinsurance recoverable992,883 953,886 Prepaid reinsurance premiums1,046,253 900,524 Deferred acquisition costs565,872 565,746 Goodwill206,706 206,155 Intangible assets, net102,859 118,757 Other assets213,858 165,515 Total assets$5,694,789 $5,139,313 Liabilities and Stockholders’ EquityLiabilities:Debt, net$427,089 $402,411 Unearned premiums1,766,068 1,695,058 Policy liabilities and unpaid claims1,298,081 844,848 Deferred revenue695,772 673,085 Reinsurance payable443,083 543,602 Other liabilities and accrued expenses407,925 403,744 Total liabilities$5,038,018 $4,562,748 Stockholders’ Equity:Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued or outstanding$— $— Common stock: $0.001 par value, 200,000,000 shares authorized, 37,255,838 and 36,756,187 shares issued and outstanding, respectively37 37 Additional paid-in capital389,693 382,239 Accumulated other comprehensive income (loss), net of tax(27,750)(26,073)Retained earnings95,718 60,663 Total Tiptree Inc. stockholders’ equity457,698 416,866 Non-controlling interests:Fortegra preferred interests77,679 77,679 Common interests121,394 82,