Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 58

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1
Chunk 58
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 assets, was comprised of fixed maturity securities that are classified as available for sale and carried at fair value with unrealized gains and losses on these securities, net of applicable taxes, reported as a separate component of AOCI. Cash & cash equivalents were $286 million, or approximately 18.5% of total cash and invested assets as of December 31, 2024. Also included in its investments were $99 million of equity securities, $10 million of loans, at fair value, $5 million of exchange traded fixed income funds, at fair value, and $50 million of other investments.The following table provides a summary of Fortegra’s investments and cash and cash equivalents as of December 31, 2024 and 2023:As of($ in millions)December 31, 2024December 31, 2023Investments:Fair Value% of Total Fair ValueFair Value% of Total Fair ValueCash and cash equivalents$286 18.5 %$410 30.9 %Available for sale securities, at fair value1,097 70.9 %772 58.2 %Loans, at fair value10 0.7 %11 0.8 %Common and preferred equity securities99 6.4 %26 2.0 %Exchange traded funds5 0.3 %1 0.1 %Other investments50 3.2 %107 8.1 %Total cash and invested assets$1,548 100.0 %$1,327 100.0 %Fixed Maturity SecuritiesAs of December 31, 2024, Fortegra’s fixed maturity securities portfolio totaled $1.4 billion, including cash and cash equivalents and available for sale securities, at fair value. It had a weighted-average effective duration of 2.8 years, an average S&P rating of A+, and a book yield of 4.0%. The fixed maturity securities portfolio represented 89% of total investments.18

The following table provides a summary of Fortegra’s amortized cost and fair value on available for sale securities as of December 31, 2024 and 2023: As of($ in millions)December 31, 2024December 31, 2023Fixed Maturity Securities:Amortized CostFair Value% of Total Fair ValueAmortized CostFair Value% of Total Fair ValueObligations of the U.S.