Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 176

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 176
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 Inc. (AM Best Rating: A+ rated), and Ferian Re, LTD (AM Best Rating: Not Rated). Receivable balances from authorized reinsurers, such as the Allianz companies noted above, do not require collateral based on the authorized status of the parties.  Receivable balances from unauthorized reinsurers are collateralized by assets on hand, assets held in trust accounts, and/or letters of credit. The Company monitors collateral values, authorization status, financial statements and AM Best ratings of its reinsurers periodically. As of December 31, 2024, the Company does not believe there is a risk of loss due to the concentration of credit risk in the reinsurance program given the related collateralization or reinsurer AM Best rating.

F-35

TIPTREE INC. AND SUBSIDIARIESNotes to Consolidated Financial StatementsDecember 31, 2024(in thousands, except share data)

 (9) Goodwill and Intangible Assets, net

The following table presents identifiable finite and indefinite-lived intangible assets, accumulated amortization, and goodwill by operating segment and/or reporting unit, as appropriate:As of December 31, 2024As of December 31, 2023Finite-Lived Intangible Assets:InsuranceOtherTotalInsuranceOtherTotalCustomer relationships$162,520 $— $162,520 $162,844 $— $162,844 Accumulated amortization(87,610)— (87,610)(74,776)— (74,776)Trade names16,202 800 17,002 16,227 800 17,027 Accumulated amortization(9,869)(760)(10,629)(8,452)(680)(9,132)Software licensing17,238 640 17,878 17,372 640 18,012 Accumulated amortization(10,705)(640)(11,345)(9,891)(640)(10,531)Insurance policies and contracts acquired36,500 — 36,500 36,500 — 36,500 Accumulated amortization(36,500)— (36,500)(36,500)— (36,500)Other1,081 — 1,081 1,088 — 1,088 Accumulated amortization(799)— (799)(536)— (536)Total finite-lived intangible assets88,058 40 88,