Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 98

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part II, Item 8
Chunk 98
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 to Condensed Consolidated Financial StatementsMarch 31, 2025(in thousands, except share data)

Three Months EndedMarch 31, 20252024Net gains from recoveries (credit losses) on AFS securities$727 $(122)Pursuant to certain statutory licensing requirements, the Company has deposited $24,349 of invested assets in insurance department safekeeping accounts as of March 31, 2025. The Company also has deposited invested assets in custody accounts pursuant to certain reinsurance agreements. The Company cannot remove or replace investments in such safekeeping and custody accounts without prior approval of the regulatory authority or contractual party, as applicable. The following table presents the Company’s restricted investments included in the Company’s AFS securities:As ofMarch 31,2025December 31, 2024Fair value of restricted investments$53,577 $45,483 The following table presents additional information on the Company’s AFS securities:Three Months EndedMarch 31, 20252024Purchases of AFS securities$153,699 $167,933 Proceeds from maturities, calls and prepayments of AFS securities$82,017 $170,427 Gross proceeds from sales of AFS securities$39,457 $14,812 The following table presents the gross realized gains and gross realized losses from sales and redemptions of AFS securities: Three Months EndedMarch 31, 20252024Gross realized gains$450 $— Gross realized (losses)$(1,071)(116)Total net realized gains (losses) from investment sales and redemptions$(621)$(116)

F-16

TIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsMarch 31, 2025(in thousands, except share data)

Loans, at fair valueThe following table presents the Company’s investments in loans measured at fair value and the Company’s investments in loans measured at fair value pledged as collateral:As of March 31, 2025As of December 31, 2024Fair valueUnpaid principal balance (UPB)Fair value exceeds / (below) UPBPledged as collateralFair valueUnpaid principal balance (UPB)Fair value exceeds / (below) UPBPledged as collateralInsurance:Corporate loans (1)$9,283 $12,927 $(3,644)$— $10,272 $12,927 $(