Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 123

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 measures.

Revenues

For the three months ended June 30, 2025, revenues were $528.8 million, which decreased $17.9 million, or 3.3%, compared to the prior year period. For the six months ended June 30, 2025, revenues were $1,026.2 million, which decreased $18.7 million, or 1.8%, compared to the prior year period. The changes for both periods were primarily driven by declines in earned premiums, net, service and administrative fees, and other income, partially offset by higher net investment income. Earned premiums declines were driven by the impacts in 2024 from an assumption of a block of premiums from an MGA partner in December 2023. Excluding the assumption, revenues for the three and six month periods increased 4.1% and 8.0%, respectively, compared to the prior year.

The table below provides a break down between net realized and unrealized gains and losses from Invesque and other securities which impacted our consolidated results on a pre-tax basis. Many investments are carried at fair value and marked to market through unrealized gains and losses. As a result, we expect earnings related to these investments to be relatively volatile between periods. Fixed income securities are primarily marked to market through AOCI in stockholders’ equity and do not impact net realized and unrealized gains and losses until they are sold. 

($ in thousands)Three Months Ended June 30, Six Months EndedJune 30, 2025202420252024Net realized and unrealized gains (losses) - Invesque(1)$— $— $— $(3,536)Net realized and unrealized gains (losses)(2)$10,728 $2,731 $7,036 $12,387 

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(1)    On April 15, 2024, the Company sold its 16.98 million shares of Invesque for $0.6 million of proceeds resulting in a realized loss of $134.2 million.

(2)    Excludes Invesque and Mortgage realized and unrealized gains and losses.

Net Income (Loss) Attributable to common stockholders

For the three months ended June 30, 2025, the net income attributable to common stockholders was $19.0 million, compared to $12.9 million in the prior year period. For the six months ended June