Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 205

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 205
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 The carrying amounts approximate fair value since no interest rate is charged on these short duration assets. Categorized under Level 2 in the fair value hierarchy. See Note (5) Notes and Accounts Receivable, net.

Due from Brokers, Dealers, and Trustees and Due to Brokers, Dealers and Trustees: The carrying amounts are included in other assets and other liabilities and accrued expenses and approximate their fair value due to their short term nature. Categorized under Level 2 in the fair value hierarchy. 

F-36

Table of ContentsTIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsJune 30, 2025(in thousands, except share data)

(11) Liability for Unpaid Claims and Claim Adjustment Expenses

Roll forward of Claim LiabilityThe following table presents the activity in the net liability for unpaid losses and allocated loss adjustment expenses of short duration contracts for the following periods: Six Months EndedJune 30, 20252024Policy liabilities and unpaid claims balance as of January 1,$1,298,081 $844,848      Less: liabilities of policy-holder account balances, gross(304)(878)     Less: non-insurance warranty benefit claim liabilities(2,837)(2,103)Gross liabilities for unpaid losses and loss adjustment expenses1,294,940 841,867      Less: reinsurance recoverable on unpaid losses - short duration(636,300)(448,117)     Less: other lines, gross(430)(295)Net balance as of January 1, short duration658,210 393,455 Incurred (short duration) related to:     Current year383,564 380,623      Prior years(8,301)(788)Total incurred375,263 379,835 Paid (short duration) related to:     Current year154,736 124,082      Prior years140,717 104,279 Total paid$295,453 $228,361 Net balance as of June 30, short duration$738,020 $544,929      Plus: reinsurance recoverable on unpaid losses - short duration758,328 536,794      Plus: other lines, gross373 225 Gross liabilities for unpaid losses and loss adjustment expenses1,496,721 1,081,948      Plus: non-insurance warranty benefit claim liabilities6,772 5,255