Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 131

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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 (9,000)(8.5)%Ceding commissions3,542 5,065 (1,523)(30.1)%Net investment income10,505 6,381 4,124 64.6 %Net realized and unrealized gains (losses)11,968 2,545 9,423 370.3 %Other revenue8,214 11,637 (3,423)(29.4)%Total revenues$513,017 $529,942 $(16,925)(3.2)%Expenses:Net losses and loss adjustment expenses$197,871 $205,259 $(7,388)(3.6)%Member benefit claims28,601 28,716 (115)(0.4)%Commission expense140,486 173,279 (32,793)(18.9)%Employee compensation and benefits37,711 31,558 6,153 19.5 %Interest expense8,406 7,488 918 12.3 %Depreciation and amortization4,484 4,833 (349)(7.2)%Other expenses28,314 27,559 755 2.7 %Total expenses$445,873 $478,692 $(32,819)(6.9)%Income (loss) before taxes (1)$67,144 $51,250 $15,894 31.0 %Key Performance Metrics:Gross written premiums and premium equivalents$907,624 $776,059 $131,565 17.0 %Net written premiums$428,806 $365,897 $62,909 17.2 %Loss ratio48.2 %47.3 %Acquisition ratio26.1 %30.9 %Underwriting ratio74.3 %78.2 %Operating expense ratio14.2 %11.7 %Combined ratio88.5 %89.9 %Return on average equity29.3 %28.4 %Non-GAAP Financial Measures (2):Adjusted net income (before NCI)$45,172 $40,316 $4,856 12.0 %Adjusted return on average equity25.8 %30.3 %Adjusted net income$35,711 $31,959 $3,752 11.7 %

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