Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 69

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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PTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsJune 30, 2025(in thousands, except share data)

(1) Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in net realized and unrealized gains (losses) as a credit loss on AFS securities. Amount excludes unrealized losses relating to non-credit factors.The amortized cost and fair values of AFS securities, by contractual maturity date, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.As ofJune 30, 2025December 31, 2024Amortized costFair valueAmortized costFair valueDue in one year or less $336,250 $336,291 $250,036 $249,392 Due after one year through five years436,209 435,923 438,322 430,597 Due after five years through ten years198,164 196,535 223,969 201,948 Due after ten years206,402 183,838 213,787 203,132 Asset backed securities15,651 14,290 25,455 22,860 Total$1,192,676 $1,166,877 $1,151,569 $1,107,929 The following tables present the gross unrealized losses on AFS securities by length of time that individual AFS securities have been in a continuous unrealized loss position for less than twelve months, and twelve months or greater and do not have an allowance for credit losses:As of June 30, 2025Less Than or Equal to One YearMore Than One YearFair valueGrossunrealized losses# of Securities(1)Fair valueGross unrealized losses# of Securities(1)U.S. Treasury securities and obligations of U.S. government authorities and agencies$105,538 $(3,201)104 $172,467 $(22,063)515 Obligations of state and political subdivisions2,894 (7)34 26,202 (2,304)76 Corporate securities103,088 (1,595)613 78,399 (3,057)242 Asset backed securities— — 22 14,290 (1,350)