Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 118

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 118
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 of implied values of Fortegra. The following table sets forth the transactions analyzed based on such characteristics and the results of such analysis: Pure Specialty:

| • | Date Announced:3/19/2025Buyer:The Doctor’s CompanyTarget:ProAssurance Corporation |

| • | Date Announced:12/16/2022Buyer:Altaris, LLCTarget:Trean Insurance Group, Inc. |

| • | Date Announced:8/10/2022Buyer:Mitsui Sumitomo Insurance Co. Ltd.Target:Transverse Insurance Group LLC |

| • | Date Announced:1/15/2021Buyer:TowerBrook Capital Partners L.P. & Further Global Capital ManagementTarget:ProSight Global, Inc. |

| • | Date Announced:8/22/2018Buyer:The Hartford Financial Services Group, Inc.Target:The Navigators Group, Inc. |

Commercial:

| • | Date Announced:8/27/2025Buyer:Sompo Holdings, Inc.Target:Aspen |

| • | Date Announced:7/29/2024Buyer:Affiliates of Sixth Street Partners, LLCTarget:Enstar Group Limited |

| • | Date Announced:4/5/2024Buyer:Arch Insurance North AmericaTarget:Fireman’s Fund Insurance Company (Allianz) |

| • | Date Announced:2/28/2023Buyer:Brookfield Reinsurance Ltd.Target:Argo Group International Holdings, Ltd. |

| • | Date Announced:3/21/2022Buyer:Berkshire Hathway Inc.Target:Alleghany Corporation |

| • | Date Announced:9/11/2020Buyer:Third Point Reinsurance Ltd.Target:Sirius International Insurance Group, Ltd. |

| • | Date Announced:8/28/2018Buyer:Affiliates of certain investment funds managed by affiliates of Apollo Global Management, LLCTarget:Aspen |

| • | Date Announced:3/4/2018Buyer:AXA S.A.Target:XL Group Ltd |

| • | Date Announced:1/23/2018Buyer:American International Group, Inc.Target:Validus Holdings, Ltd. |

59

TABLE OF CONTENTS

| Pure Specialty |     | P/BV  |     | P/TBV |     | Forward    
 Year 2 P/E |
| Median         |     |