Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 169

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part II, Item 8
Chunk 169
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,017 $610 $(447)$(8,848)$23,332 Adjusted net income (before NCI)$40,476 $610 $(447)$(8,848)$31,791 Average stockholders’ equity$646,704 $55,859 $62,652 $(95,098)$670,117 Adjusted return on average equity (7)25.0 %4.4 %(2.9)%NM%19.0 %Three Months Ended March 31, 2024($ in thousands)Tiptree CapitalInsuranceMortgageOtherCorporateTotalIncome (loss) before taxes$36,811 $753 $2,993 $(10,858)$29,699 Less: Income tax (benefit) expense(9,922)(163)(692)(3,041)(13,818)Less: Net realized and unrealized gains (losses) (1)(2,819)(1,160)(2,141)— (6,120)Plus: Intangibles amortization (2)3,971 — — — 3,971 Plus: Stock-based compensation expense782 — — 3,053 3,835 Plus: Non-recurring expenses (3)3,170 — — — 3,170 Plus: Non-cash fair value adjustments (4)4,211 — — — 4,211 Plus: Impact of tax deconsolidation of Fortegra (5)— — — 4,465 4,465 Less: Tax on adjustments (6)(2,071)261 493 (487)(1,804)Adjusted net income (before NCI)$34,133 $(309)$653 $(6,868)$27,609 Less: Impact of non-controlling interests(7,076)— — — (7,076)Adjusted net income $27,057 $(309)$653 $(6,868)20,533 Adjusted net income (before NCI)$34,133 $(309)$653 $(6,868)$27,609 Average stockholders’ equity$483,158 $52,591 $97,899 $(46,047)$587,601 Adjusted return on average equity (7)28.3 %(2.4)%2.7 %NM%18.8