Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 170

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 170
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ree. Accounts and transactions between consolidated entities have been eliminated. Recent Accounting StandardsRecently Adopted Accounting PronouncementsDuring the six months ended June 30, 2025, there were no accounting standards adopted by the Company.

F-10

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

Recently Issued Accounting Pronouncements, Not Yet AdoptedAccounting Standard UpdateDescriptionAdoption DateImpact on Financial Statements2023-09, Income Taxes (Topic 740) Improvements to Income Tax DisclosuresThe amendments in this update enhance the transparency and decision usefulness of income tax disclosures. Investors, lenders, creditors, and other allocators of capital (collectively, “investors”) indicated that the existing income tax disclosures should be enhanced to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. Investors currently rely on the rate reconciliation table and other disclosures, including total income taxes paid, to evaluate income tax risks and opportunities. While investors find these disclosures helpful, they suggested possible enhancements to better (1) understand an entity’s exposure to potential changes in jurisdictional tax legislation and the ensuing risks and opportunities, (2) assess income tax information that affects cash flow forecasts and capital allocation decisions, and (3) identify potential opportunities to increase future cash flows.The amendments in this update are effective for annual periods beginning after December 15, 2024.The Company expects to adopt this guidance when required, which will enhance our income tax disclosures.2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement ExpensesThe amendments in this update require disclosure, in the notes to financial statements, of specified information about certain costs and expenses. The amendments require that at each interim and annual reporting period an entity:1. Disclose the amounts of relevant expense and within which expense caption the relevent expense is presented on the face of the income statement within continuing operations.2. Include certain amounts that are already required to be disclosed under current generally accepted accounting principles (GAAP) in the same disclosure as the other disaggregation requirements.3. Disclose a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively.4. Disclose the total amount of selling expenses and, in annual reporting periods, an entity’s