Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 283

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 283
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 Financial Statements (Unaudited)</div>

#### September 30, 2025
<div align='center'>(in thousands, unless otherwise noted)</div>

**(1) Organization**

The Fortegra Group, Inc. (“Fortegra”) is an insurance services company organized in Delaware, headquartered in Jacksonville, Florida. Fortegra is a subsidiary of Tiptree Inc. (“Tiptree”), a public company traded on the NASDAQ Stock Market under the symbol: TIPT. Founded in 1981, Fortegra is a specialty insurance underwriter and service provider, focused on niche programs and fee-oriented services. The combination of specialty insurance underwriting, service contract products, and related service solutions delivered through a vertically integrated business model creates a blend of traditional underwriting revenues, investment income and unregulated fee revenues. The Company distributes its products through networks of banks, loan companies, automobile dealerships, third party administrators (“TPAs”) and managing general agencies (“MGAs”).

**(2) Summary of Significant Accounting Policies

Definitions and abbreviations

“AFS Securities” means Available for Sale Securities, at fair value.

“AM Best” means AM Best Company, Inc.

“ETFs” means exchange traded funds.

“GAAP” means generally accepted accounting principles in the United States of America.

“NAIC” means the National Association of Insurance Commissioners.

“PORCs” means producer owned reinsurance companies.

“Preferred Trust Securities” means the Company’s preferred trust securities due June 15, 2037.

“SAP” means statutory accounting principles.**

“Tiptree Advisors” means collectively: Tiptree Advisors Holdings, L.P., Tiptree Advisors, LLC, Tiptree GP Holdings, LLC and Tiptree Holdings GP, LLC. This entity was renamed effective April 3rd, 2024.

“Tiptree Advisors Funds” means Corvid Peak Restructuring Partners Onshore Fund LLC and Albatross CP LLC.

“Warburg” means WP Falcon Aggregator, L.P., a Delaware limited partnership affiliated with funds advised or managed by Warburg Pincus LLC.

“WP Transaction” means the $200 million strategic investment in Fortegra by Warburg Pincus pursuant to the Securities Purchase Agreement between and among Tiptree, Fortegra and WP Falcon Aggregator, L.P. dated October 11, 2021.

**Basis of Presentation and Principles of Consolidation**

The accompanying unaudited condensed consolidated financial statements of Fortegra have been prepared in accordance with GAAP