Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 204

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 204
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,737 (1)    Unobservable inputs were weighted by the relative fair value of the instruments.

F-35

Table of ContentsTIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsJune 30, 2025(in thousands, except share data)

The following table presents the carrying amounts and estimated fair values of financial assets and liabilities that are not recorded at fair value and their respective levels within the fair value hierarchy:As of June 30, 2025As of December 31, 2024Level withinfair valuehierarchyFair valueCarrying valueLevel withinfair valuehierarchyFair valueCarrying valueAssets:Debentures2$21,959 $21,959 2$25,320 $25,320 Notes receivable, net2115,999 115,999 2138,162 138,162 Total assets$137,958 $137,958 $163,482 $163,482 Liabilities:Debt3$505,929 $509,461 3$439,906 $442,093 Total liabilities$505,929 $509,461 $439,906 $442,093  Debentures: Since interest rates on debentures are at current market rates for similar credit risks, the carrying amount approximates fair value. These values are net of allowance for doubtful accounts. See Note (4) Investments.Notes Receivable, net: To the extent that carrying amounts differ from fair value, fair value is determined based on contractual cash flows discounted at market rates for similar credits. Categorized under Level 2 in the fair value hierarchy. See Note (5) Notes and Accounts Receivable, net.Debt: The carrying value, which approximates fair value of floating rate debt, represents the total debt balance at face value excluding the unamortized discount. The fair value of the Junior subordinated notes is determined based on dealer quotes. Categorized under Level 3 in the fair value hierarchy.Additionally, the following financial assets and liabilities on the condensed consolidated balance sheets are not carried at fair value, but whose carrying amounts approximate their fair value: Cash and Cash Equivalents: The carrying amounts of cash and cash equivalents are carried at cost which approximates fair value. Categorized under Level 1 in the fair value hierarchy.Accounts and Premiums Receivable, net, Retrospective Commissions Receivable and Other Receivables: