Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 172

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 172
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Accounts and premiums receivable, net$341,613 $260,383 Retrospective commissions receivable286,314 265,918 Notes receivable, net138,162 134,131 Other receivables33,042 24,176 Total notes and accounts receivable, net$799,131 $684,608 The following table presents the total valuation allowance and bad debt expense for the following periods:

F-32

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

Valuation allowanceBad Debt ExpenseAs ofYear EndedDecember 31, December 31,2024December 31, 2023202420232022Notes receivable, net - premium financing program (1)$26 $46 $121 $119 $141 Accounts and premiums receivable, net$294 $66 $313 $18 $56 (1)    As of December 31, 2024 and 2023, there were $37 and $219 in balances classified as 90 days plus past due, respectively.

(8) Reinsurance Recoverable and Prepaid Reinsurance Premiums

The following table presents the effect of reinsurance on premiums written and earned by our insurance business for the following periods:Direct AmountCeded to Other CompaniesAssumed from Other CompaniesNet AmountPercentage of Amount - Assumed to NetAs of December 31, 2024Life insurance in force$5,866,501 $2,681,480 $— $3,185,021 Year Ended December 31, 2024Premiums written:Life insurance$74,640 $36,709 $246 $38,177 0.6 %Accident and health insurance125,506 84,405 10,210 51,311 19.9 %Property and liability insurance1,993,900 1,159,475 515,039 1,349,464 38.2 %Total premiums written$2,194,046 $1,280,589 $525,495 $1,438,952 36.5 %Premiums earned:Life insurance$81,197 $40,628 $357 $40,926 0.9 %Accident and health insurance132,018 87,984