Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 158

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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191)$36,589 Less: Impact of non-controlling interests(9,461)— — — (9,461)Adjusted net income $35,711 $17 $(409)$(8,191)$27,128 Adjusted net income (before NCI)$45,172 $17 $(409)$(8,191)$36,589 Average stockholders’ equity$699,428 $55,889 $85,281 $(137,183)$703,415 Adjusted return on average equity (7)25.8 %0.1 %(1.9)%NM%20.8 %Three Months Ended June 30, 2024($ in thousands)Tiptree CapitalInsuranceMortgageOtherCorporateTotalIncome (loss) before taxes$51,250 $528 $212 $(11,344)$40,646 Less: Income tax (benefit) expense(13,568)(113)(116)(4,876)(18,673)Less: Net realized and unrealized gains (losses) (1)(2,545)(289)103 — (2,731)Plus: Intangibles amortization (2)3,727 — — — 3,727 Plus: Stock-based compensation expense1,022 — — 2,375 3,397 Plus: Non-recurring expenses (3)166 — — — 166 Plus: Non-cash fair value adjustments (4)861 — — — 861 Plus: Impact of tax deconsolidation of Fortegra (5)— — — 6,357 6,357 Less: Tax on adjustments (6)(597)55 (24)(405)(971)Adjusted net income (before NCI)$40,316 $181 $175 $(7,893)$32,779 Less: Impact of non-controlling interests(8,357)— — — (8,357)Adjusted net income $31,959 $181 $175 $(7,893)24,422 Adjusted net income (before NCI)$40,316 $181 $175 $(7,893)$32,779 Average stockholders’ equity$531,447 $53,092 $66,580 $(42,766)$608,353 Adjusted return on average equity (