Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 190

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 190
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Other equity securities55,072 — 7,726 62,798 Total equity securities60,582 — 7,726 68,308 Other investments, at fair value:Corporate bonds— 62,081 — 62,081 Derivative assets— 162 3,821 3,983 Other— 18,979 — 18,979 Total other investments, at fair value— 81,222 3,821 85,043 Mortgage servicing rights (1)— — 40,836 40,836 Total$62,306 $942,481 $61,565 $1,066,352 Liabilities: (2)Derivative liabilities— 937 44 981 Fortegra Additional Warrants (Warburg)— — 3,522 3,522 Contingent consideration payable— — 2,604 2,604 Total$— $937 $6,170 $7,107 (1)    Included in other assets. See Note (15) Other Assets and Other Liabilities and Accrued Expenses.(2)    Included in other liabilities and accrued expenses. See Note (15) Other Assets and Other Liabilities and Accrued Expenses.

F-45

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

Transfers between Level 2 and 3 were a result of subjecting third-party pricing on assets to various liquidity, depth, bid-ask spread and benchmarking criteria as well as assessing the availability of observable inputs affecting their fair valuation. The following table presents additional information about assets that are measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value for the following periods:    For the Year EndedDecember 31, 20242023Balance at January 1,$61,565 $63,590 Net realized and unrealized gains or losses included in:Earnings6,311 (4,825)OCI75 2,569 Origination of IRLCs39,761 43,875 Purchases— 31 Sales and repayments— (6)Distributions(3,055)— Conversions to mortgage loans held for sale(41,322)(43,709)Transfer out of Level 3—