Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 116

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 under which the income available to common stockholders is allocated to the unvested corporate RSUs.Diluted net income attributable to common stockholders includes the effect of unvested subsidiaries’ RSUs, when dilutive. The assumed exercise of all potentially dilutive instruments is included in the diluted net income per common share calculation, if dilutive.The following table presents a reconciliation of basic and diluted net income per common share for the following periods:Three Months Ended June 30, Six Months EndedJune 30, 2025202420252024Net income (loss)$31,104 $21,973 $44,072 $37,854 Less:Net income (loss) attributable to non-controlling interests12,144 9,122 19,477 15,953 Net income allocated to participating securities110 104 142 177 Net income (loss) attributable to Tiptree Inc. common shares - basic18,850 12,747 24,453 21,724 Effect of Dilutive Securities:Securities of subsidiaries(4,404)(1,133)(4,099)(1,407)Adjustments to income relating to exchangeable interests and contingent considerations, net of tax2 2 3 4 Net income (loss) attributable to Tiptree Inc. common shares - diluted$14,448 $11,616 $20,357 $20,321 Weighted average number of shares of common stock outstanding - basic37,496,875 36,785,305 37,422,957 36,777,557 Weighted average number of incremental shares of common stock issuable from exchangeable interests and contingent considerations1,121,123 967,377 1,111,255 989,016 Weighted average number of shares of common stock outstanding - diluted38,617,998 37,752,682 38,534,212 37,766,573 Basic net income (loss) attributable to common shares$0.50 $0.35 $0.65 $0.59 Diluted net income (loss) attributable to common shares$0.37 $0.31 $0.53 $0.54 

(21) Related Party Transactions

Tiptree Advisors is a related party of the Company because Tiptree Advisors is deemed to be controlled by Michael Barnes, the Company’s Executive Chairman. Tiptree Advisors