Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 300

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 300
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 similar credits. Categorized under Level 2 in the fair value hierarchy. See Note (4) Notes Receivable, net. Debt: The carrying value, which approximates fair value of floating rate debt, represents the total debt balance at face value excluding the unamortized discount. The fair value of the Junior subordinated notes is determined based on dealer quotes. Categorized under Level 3 in the fair value hierarchy. Additionally, the following financial assets and liabilities on the condensed consolidated balance sheets are not carried at fair value, but whose carrying amounts approximate their fair value: Cash and Cash Equivalents: The carrying amounts of cash and cash equivalents are carried at cost which approximates fair value. Categorized under Level 1 in the fair value hierarchy. Accounts and Premiums Receivable, net, Retrospective Commissions Receivable and Other Receivables: The carrying amounts approximate fair value since no interest rate is charged on these short duration assets. Categorized under Level 2 in the fair value hierarchy. See Note (5) Accounts, Premiums and Other Receivables, net. Due from Brokers, Dealers, and Trustees and Due to Brokers, Dealers and Trustees: The carrying amounts are included in other assets and other liabilities and accrued expenses and approximate their fair value due to their short term nature. Categorized under Level 2 in the fair value hierarchy.

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TABLE OF CONTENTS

THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) September 30, 2025 (in thousands, unless otherwise noted) (10) Liability for Unpaid Claims and Claim Adjustment Expenses Roll forward of Claim Liability The following table presents the activity in the net liability for unpaid losses and allocated loss adjustment expenses of short duration contracts for the following periods:

|                                                                             |     | Nine Months Ended 
     September 30, |     |            |
|                                                                             |     |              2025 |     |       2024 |
| Policy liabilities and unpaid claims balance as of January 1,               |     |        $1,298,081 |     |   $844,848 |
| Less: liabilities of policy-holder account balances, gross                  |     |              -304 |     |       -878 |
| Less: non-insurance warranty benefit claim liabilities                      |     |            -2,837 |     |     -2,103 |
| Gross liabilities for unpaid losses and loss adjustment expenses            |     |         1,