Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 184

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 184
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 on loans(363)10 963 (435)Other(1,999)(398)(3,538)(271)Other:Net unrealized gains (losses) on equity securities held at period end(1,504)(164)(1,216)279 Reclass of unrealized (gains) losses from prior periods for equity securities sold (1)— 108,080 — 100,288 Other (2)— 450 — Total net unrealized gains (losses)8,624 132,914 6,624 125,464 Total net realized and unrealized gains (losses)$20,644 $12,578 $27,475 $28,202 (1)      On April 15, 2024, the Company sold its 16.98 million shares of Invesque for $625 of proceeds resulting in a realized loss of $134,204.

(5) Notes and Accounts Receivable, net

The following table presents the total notes and accounts receivable, net:As ofJune 30,2025December 31, 2024Accounts and premiums receivable, net$442,288 $341,613 Retrospective commissions receivable323,630 286,314 Notes receivable, net115,999 138,162 Other receivables11,557 33,042 Total notes and accounts receivable, net$893,474 $799,131 The following table presents the total valuation allowance and bad debt expense for the following periods:Valuation allowanceBad Debt ExpenseAs ofThree Months Ended June 30, Six Months EndedJune 30, June 30,2025December 31, 20242025202420252024Notes receivable, net - premium financing program (1)$29 $26 $11 $40 $18 $85 Accounts and premiums receivable, net$293 $294 $24 $153 $35 $325 (1)    As of June 30, 2025 and December 31, 2024, there were $8 and $37 in balances classified as 90 days plus past due, respectively.

(6) Reinsurance Recoverable and Prepaid Reinsurance Premiums

The following table presents the effect of reinsurance on premiums written and earned by our insurance business for the following periods:Direct AmountCeded to Other CompaniesAssumed