Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 232

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 232
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 closing. (e) Represents the elimination of noncontrolling interests related to Fortegra. (f) Represents the elimination of revenues of Fortegra. (g) Represents the elimination of operating expenses at Fortegra. (h) Represents the elimination of income tax expense at Fortegra, including the tax expense related to deferred taxes on the outside basis on Tiptree's investment in Fortegra

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INDEPENDENT AUDITOR’S REPORT To the Board of Directors of The Fortegra Group, Inc. Jacksonville, Florida Opinion We have audited the consolidated financial statements of The Fortegra Group, Inc. and subsidiaries (the “Company”), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, comprehensive income (loss), changes in stockholders’ equity, and cash flows for the years then ended, and the related notes to the consolidated financial statements (collectively referred to as the “financial statements”). In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events