Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 8

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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$333,883 $(37,347)1,187 (1)    Presented in whole numbers.Management believes that it is more likely than not that the Company will be able to hold the fixed maturity AFS securities that were in an unrealized loss position as of March 31, 2025 until full recovery of their amortized cost basis.The table below presents a roll-forward of the activity in the allowance for credit losses on AFS securities by type as of March 31, 2025:Obligations of state and political subdivisionsCorporate securitiesAsset backed securitiesObligations of foreign governmentsTotalBalance at December 31, 2023$(1)$(73)$(10)$— $(84)(Increase) in allowance for credit losses— (61)(16)— (77)Additions for AFS securities purchased with credit deterioration during the year— (52)— — (52)Reduction in credit losses due to AFS securities sold during the year— 1 — — 1 Gains from recoveries of amounts previously written off— 6 — — 6 Balance at March 31, 2024$(1)$(179)$(26)$— $(206)Balance at December 31, 2024$(1)$(3,157)$(68)$(1)$(3,227)(Increase) in allowance for credit losses— (394)(3)— (397)Additions for AFS securities purchased with credit deterioration during the year— (435)— (2)(437)Reduction in credit losses due to AFS securities sold during the year— 125 49 1 175 Gains from recoveries of amounts previously written off— 1,401 2 — 1,403 Balance at March 31, 2025$(1)$(2,460)$(20)$(2)$(2,483)The Company applies a discounted cash flow model, based on assumptions and model outputs provided by an investment management company, in determining its lifetime expected credit losses on AFS securities. This includes determining the present value of expected future cash flows discounted at the book yield of the security.The table below presents the amount of gains from recoveries (credit losses, including Current Expected Credit Losses (CECL)) on AFS securities recorded by the Company for the following period:

F-15

TIPTREE INC. AND SUBSIDIARIESNotes