Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 66

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 66
---
,673

F-13

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

Expenses:Policy and contract benefits233,975—233,975 ——233,975Commission expense173,279—173,279 ——173,279Employee compensation and benefits31,5589,37840,936 1368,84549,917Interest expense7,4885278,015 ——8,015Depreciation and amortization4,833974,930 —3615,291Other expenses27,5595,35332,912 5002,13835,550Total expense478,69215,355494,047 63611,344506,027Income (loss) before taxes51,25052851,778 212(11,344)40,646Less: provision (benefit) for income taxes18,673Net income (loss)21,973Less: net income (loss) attributable to non-controlling interests9,122Net income (loss) attributable to common stockholders$12,851Six Months Ended June 30, 2024InsuranceMortgageSegments subtotalOtherCorporateTotalRevenues:Earned premiums, net$745,777$—$745,777 $—$—$745,777Service and administrative fees216,334—216,334 ——216,334Ceding commissions7,809—7,809 ——7,809Net investment income13,139—13,139 ——13,139Net realized and unrealized gains (losses)5,36420,80026,164 2,038—28,202Other revenue20,27510,97431,249 2,384—33,633Total revenues1,008,69831,7741,040,472 4,422—1,044,894Expenses:Policy and contract benefits441,639—441,639 ——441,639Commission expense330,227—330,227 ——330,227Employee compensation and benefits63,00818,61781,625 24317,23599,103Interest expense15,1271,17816,305 ——16,305Depreciation and amortization9,91622210,138 —72110,859Other expenses60,72010,47671,196 9744,24676,416