Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 159

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 159
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7)30.3 %1.4 %1.1 %NM%21.6 %74

Table of ContentsSix Months Ended June 30, 2025($ in thousands)Tiptree CapitalInsuranceMortgageOtherCorporateTotalIncome (loss) before taxes$105,198 $28 $(3,121)$(24,043)$78,062 Less: Income tax (benefit) expense(25,484)31 (329)(8,208)(33,990)Less: Net realized and unrealized gains (losses) (1)(8,549)797 716 — (7,036)Plus: Intangibles amortization (2)6,685 — — — 6,685 Plus: Stock-based compensation expense3,098 — — 3,759 6,857 Plus: Non-recurring expenses (3)4,206 — 1,350 — 5,556 Plus: Non-cash fair value adjustments (4)593 — — — 593 Plus: Impact of tax deconsolidation of Fortegra (5)— — — 12,660 12,660 Less: Tax on adjustments (6)(99)(229)528 (1,207)(1,007)Adjusted net income (before NCI)$85,648 $627 $(856)$(17,039)$68,380 Less: Impact of non-controlling interests(17,920)— — — (17,920)Adjusted net income $67,728 $627 $(856)$(17,039)$50,460 Adjusted net income (before NCI)$85,648 $627 $(856)$(17,039)$68,380 Average stockholders’ equity$678,209 $55,958 $58,523 $(102,619)$690,071 Adjusted return on average equity (7)25.3 %2.2 %(2.9)%NM%19.8 %Six Months Ended June 30, 2024($ in thousands)Tiptree CapitalInsuranceMortgageOtherCorporateTotalIncome (loss) before taxes$88,061 $1,281 $3,205 $(22,202)$70,345 Less: Income tax (benefit) expense(23,490)(276)(808