Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 191

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 191
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(41)Conversions to real estate owned— 81 Balance at December 31, $63,335 $61,565 Changes in unrealized gains (losses) included in earnings related to assets still held at period end$6,311 $(4,824)Changes in unrealized gains (losses) included in OCI related to assets still held at period end$75 $2,569  The following table presents the range and weighted average (WA) used to develop significant unobservable inputs for the fair value measurements of Level 3 assets and liabilities:As of December 31,Valuation techniqueUnobservable input(s)As of December 31,2024202320242023AssetsFair valueRangeWA (1)RangeWA (1)IRLCs$2,257 $3,818 Internal modelPull through rate45%to95%60%45%to95%59%Mortgage servicing rights42,611 40,836 External modelDiscount rate10%to15%11%10%to13%11%Cost to service$65to$3,000$133$65to$3,000$113Prepayment speed3%to87%9%3%to82%9%Equity securities8,185 7,726 Internal modelForecast EBITDAR$1,422,000to$1,604,000N/A$1,039,000to$1,422,000N/ACorporate loans10,272 9,167 External modelBid marks$78to$81$80$71to$75$73Total$63,325 $61,547 LiabilitiesFortegra Additional Warrants (Warburg)$10,958 $3,522 External ModelDiscount rate3%to5%3.4%3%to5%3.8%Implied Equity Volatility40%to50%45%40%to50%45%Contingent consideration payable1,779 2,604 Cash Flow modelForecast Cash EBITDA$2,500to$4,000N/A$2,500to$4,000N/AForecast Underwriting EBITDA$—to$2,000N/A$—to$2,000N/ATotal$12,737 $6,126 (1)    Unobservable inputs were weighted by the relative fair value of the instruments.

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