Company: TIPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001393726-25-000028
Chunk: 218

Company: TIPTREE INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 218
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 calculates basic net income per share of common stock (common share) based on the weighted average number of common shares outstanding, which includes vested corporate RSUs. Unvested corporate RSUs have a non-forfeitable right to participate in dividends declared and paid on the Company’s common stock on an as vested basis and are therefore considered a participating security. The Company calculates basic earnings per share using the “two-class” method under which the income available to common stockholders is allocated to the unvested corporate RSUs.Diluted net income attributable to common stockholders includes the effect of unvested subsidiaries’ RSUs, when dilutive. The assumed exercise of all potentially dilutive instruments is included in the diluted net income per common share calculation, if dilutive.

F-66

TIPTREE INC. AND SUBSIDIARIESNotes to Consolidated Financial StatementsDecember 31, 2024(in thousands, except share data)

The following table presents a reconciliation of basic and diluted net income per common share for the following periods:For the Year Ended December 31,202420232022Net income (loss)$87,667 $39,997 $3,561 Less:Net income (loss) attributable to non-controlling interests34,300 26,046 11,835 Net income allocated to participating securities422 100 — Net income (loss) attributable to Tiptree Inc. common shares - basic52,945 13,851 (8,274)Effect of Dilutive Securities:Securities of subsidiaries(3,665)(1,298)— Net income (loss) attributable to Tiptree Inc. common shares - diluted$49,280 $12,553 $(8,274)Weighted average number of shares of common stock outstanding - basic36,872,706 36,693,204 35,531,149 Weighted average number of incremental shares of common stock issuable from exchangeable interests and contingent considerations1,054,086 925,891 — Weighted average number of shares of common stock outstanding - diluted37,926,792 37,619,095 35,531,149 Basic net income (loss) attributable to common shares$1.44 $0.38 $(0.23)Diluted net income (loss) attributable to common shares$1.30 $0.33 $(0.23)

(23) Related Party Transactions

Tiptree Advisors is