Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 162

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 162
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904,765$—$904,765 $—$—$904,765Service and administrative fees320,720—320,720 ——320,720Ceding commissions13,880—13,880 ——13,880Net investment income12,219—12,219 ——12,219Net realized and unrealized gains (losses)(20,347)51,34530,998 38,985—69,983Other revenue17,55918,90136,460 39,725—76,185Total revenues1,248,79670,2461,319,042 78,710—1,397,752Expenses:Policy and contract benefits452,605—452,605 ——452,605Commission expense522,686—522,686 ——522,686Employee compensation and benefits87,91841,637129,555 25,91427,188182,657Interest expense20,0541,63121,685 4,3304,22530,240Depreciation and amortization18,55179919,350 2,81680722,973Other expenses78,83225,305104,137 14,24714,196132,580Total expense1,180,64669,3721,250,018 47,30746,4161,343,741Income (loss) before taxes68,15087469,024 31,403(46,416)54,011Less: provision (benefit) for income taxes50,450Net income (loss)3,561Less: net income (loss) attributable to non-controlling interests11,835Net income (loss) attributable to common stockholders$(8,274)The Company conducts its operations primarily in the U.S. with 4.5%, 6.0% and 8.8% of total revenues generated overseas for the years ended December 31, 2024, 2023 and 2022, respectively.

F-25

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

(6) Investments

The following table presents the Company’s investments related to insurance operations and other Tiptree investing activities, measured at fair value as of the following periods:As of December 31, 2024Tiptree CapitalInsuranceMortgageOtherTotalAvailable for sale securities, at fair value,