Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 270

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 270
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 SAP includes the Accounting Practices and Procedures Manual of the NAIC as well as state laws, regulations and administrative rules. Statutory Capital and Surplus The Company’s U.S. domiciled insurance company subsidiaries must maintain minimum amounts of statutory capital and surplus as required by regulatory authorities, including the NAIC.

|                                                                                        |     | As of December 31, |     |          |
|                                                                                        |     |               2024 |     |     2023 |
| Combined statutory capital and surplus of the Company’s insurance company subsidiaries |     |           $630,653 |     | $454,540 |
| Required minimum statutory capital and surplus                                         |     |            $92,750 |     |  $75,750 |

Under the National Association of Insurance Commissioners Risk-Based Capital Act of 1995, a company’s Risk-Based Capital (RBC) is calculated by applying certain risk factors to various asset, claim and reserve items. If a company’s adjusted surplus falls below calculated RBC thresholds, regulatory intervention or oversight is required. The Company’s U.S. domiciled insurance company subsidiaries’ RBC levels, as calculated in accordance with the NAIC’s RBC instructions, exceeded all RBC thresholds as of December 31, 2024 and 2023. The following table presents the statutory net income of the Company’s U.S. domiciled statutory insurance companies for the following periods:

|                                             |     | For the Year Ended 
       December 31, 
               2024 |     |    2023 |
|:--------------------------------------------|:----|-------------------:|:----|--------:|
| Net income of statutory insurance companies |     |            $91,995 |     | $47,384 |

Statutory Dividends The Company’s U.S. domiciled insurance company subsidiaries may pay dividends to the Company, subject to statutory restrictions. Payments in excess of statutory restrictions (extraordinary dividends) to the Company are permitted only with prior approval of the insurance department of the applicable state of domicile. The Company

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THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2024 & 2023 (in thousands, unless otherwise noted) eliminates all dividends from its subsidiaries in the consolidated financial statements. There were $5.0 million and $27.1 million of dividends paid to the Company by its U.S. domiciled insurance company subsidiaries for the year ended December 31, 2024 and