Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 256

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 256
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 |    $49,983 |     |          $103,848 |     |   $106,760 |

Net Investment Income Net investment income represents investment income and expense from investments related to insurance operations as disclosed within net investment income on the consolidated statements of operations. The following table presents the components of net investment income by source of income:

|                                                                |     | For the Year Ended 
       December 31, 
               2024 |     |    2023 |
|:---------------------------------------------------------------|:----|-------------------:|:----|--------:|
| Interest:                                                      |     |                    |     |         |
| AFS securities                                                 |     |            $32,712 |     | $22,783 |
| Loans, at fair value                                           |     |                344 |     |     716 |
| Other investments                                              |     |              6,264 |     |   8,311 |
| Dividends from ETFs and common and preferred equity securities |     |              1,131 |     |   1,398 |
| Subtotal                                                       |     |             40,451 |     |  33,208 |
| Less: investment expenses(1)                                   |     |              7,475 |     |   6,534 |
| Net investment income                                          |     |            $32,976 |     | $26,674 |

| (1) | For the year ended December 31, 2024 and 2023, $6,675 and $5,206, respectively, of investment expenses related to Tiptree Advisors, a related party of the Company. |

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TABLE OF CONTENTS

THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2024 & 2023 (in thousands, unless otherwise noted) Net Realized and Unrealized Gains (Losses) The following table presents the components of net realized and unrealized gains (losses) recorded on the consolidated statements of operations. Net unrealized gains (losses) on AFS securities are included within other comprehensive income (loss) (“OCI”), net of tax, and as such, are not included in this table. Net realized and unrealized gains (losses) are included below:

|                                                                                    |     | For the Year Ended 
       December 31, 
               2024 |     |     2023 |
|:-----------------------------------------------------------------------------------|:----|-------------------