Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 189

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 189
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z Reinsurance America, Inc. (A.M. Best Rating: A+ rated), and Ferian Re, LTD (A.M. Best Rating: Not Rated). Receivable balances from authorized reinsurers, such as the Allianz companies noted above, do not require collateral based on the authorized status of the parties. Receivable balances from unauthorized reinsurers are collateralized by assets on hand, assets held in trust accounts, and/or letters of credit. The Company monitors collateral values, authorization status, financial statements and A.M. Best ratings of its reinsurers periodically. As of June 30, 2025, the Company does not believe there is a risk of loss due to the concentration of credit risk in the reinsurance program given the related collateralization or reinsurer A.M. Best rating.

F-24

Table of ContentsTIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsJune 30, 2025(in thousands, except share data)

 (7) Goodwill and Intangible Assets, net

The following table presents identifiable finite and indefinite-lived intangible assets, accumulated amortization, and goodwill by operating segment and/or reporting unit, as appropriate:As of June 30, 2025As of December 31, 2024Finite-Lived Intangible Assets:InsuranceOtherTotalInsuranceOtherTotalCustomer relationships$163,958 $— $163,958 $162,520 $— $162,520 Accumulated amortization(93,397)— (93,397)(87,610)— (87,610)Trade names16,311 800 17,111 16,202 800 17,002 Accumulated amortization(10,484)(800)(11,284)(9,869)(760)(10,629)Software licensing17,832 640 18,472 17,238 640 17,878 Accumulated amortization(11,196)(640)(11,836)(10,705)(640)(11,345)Insurance policies and contracts acquired36,500 — 36,500 36,500 — 36,500 Accumulated amortization(36,500)— (36,500)(36,500)— (36,500)Other1,114 — 1,114 1,081 — 1,081 Accumulated amortization(958)— (958)(799)—