Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 35

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 35
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 and liabilities related to revenue from contracts with customers for the following period:January 1, 2025March 31, 2025Beginning balanceAdditionsAmortizationEnding balanceDeferred acquisition costsService and Administrative Fees:Service contract revenue$211,406 $20,458 $22,680 $209,184 Motor club revenue12,904 7,372 7,600 12,676 Total$224,310 $27,830 $30,280 $221,860 Deferred revenueService and Administrative Fees:Service contract revenue$617,633 $76,229 $71,749 $622,113 Motor club revenue16,746 9,432 9,728 16,450 Other— 903 903 — Total$634,379 $86,564 $82,380 $638,563 For the periods presented, no write-offs for unrecoverable deferred acquisition costs and deferred revenue were recognized.

(13) Other Assets and Other Liabilities and Accrued Expenses

Other AssetsThe following table presents the components of other assets as reported in the condensed consolidated balance sheets:As ofMarch 31, 2025December 31, 2024Accrued investment income$12,238 $12,415 Loans eligible for repurchase58,461 56,279 Mortgage servicing rights41,331 42,611 Right of use assets - operating leases (1)28,902 27,816 Income tax receivable1,990 1,976 Furniture, fixtures and equipment, net26,949 27,321 Due from broker/trustee22,458 28,327 Prepaid expenses11,199 12,481 Other4,371 4,632 Total other assets$207,899 $213,858  (1)          See Note (19) Commitments and Contingencies for additional information.The following table presents the depreciation expense related to furniture, fixtures and equipment for the following periods:Three Months EndedMarch 31, 20252024Depreciation expense related to furniture, fixtures and equipment$1,527 $1,577 

F-36

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

Other Liabilities and Accrued ExpensesThe following table