Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 107

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part II, Item 8
Chunk 107
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$102,859 Amortization expense(3,334)(20)(3,354)Foreign currency translation and other727 — 727 Balance at March 31, 2025$99,212 $1,020 $100,232 

F-22

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

The following table presents the amortization expense on finite-lived intangible assets for the following periods:Three Months EndedMarch 31, 20252024Amortization expense on intangible assets$3,354 $3,991 For the three months ended March 31, 2025 and 2024, no impairments were recorded on the Company’s intangible assets. The Company’s accumulated impairment on intangible assets was $728 as of March 31, 2025.The following table presents the amortization expense on finite-lived intangible assets for the next five years and thereafter by operating segment and/or reporting unit, as appropriate:As of March 31, 2025Insurance (1)OtherTotalRemainder of 2025$9,917 $20 $9,937 202610,894 — 10,894 20279,543 — 9,543 20288,341 — 8,341 20297,292 — 7,292 2030 and thereafter38,810 — 38,810 Total$84,797 $20 $84,817 (1)    Does not include foreign currency translation adjustment of $654 as of March 31, 2025.

(8) Derivative Financial Instruments and Hedging

The Company selectively utilizes derivative financial instruments as part of its overall investment and hedging activities. Derivative contracts are subject to additional risk that can result in a loss of all or part of an investment. The Company’s derivative activities are primarily entered into in order to manage underlying credit risk, market risk, interest rate risk and currency exchange rate risk. In addition, the Company is also subject to counterparty risk should its counterparties fail to meet the contract terms. Derivative assets are reported in other investments. Derivative liabilities are reported within other liabilities and accrued expenses. Derivatives for our mortgage business are primarily comprised of interest rate lock commitments (IRLCs), forward delivery contracts, and TBA mortgage-backed securities.Interest