Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 237

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 237
---
 balances and transactions. Non-controlling interests on the consolidated financial statements represent the ownership interests in certain consolidated subsidiaries held by entities or persons other than Fortegra.

<div align='center'>135</div>

TABLE OF CONTENTS

THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2024 & 2023 (in thousands, unless otherwise noted) Entity Wide Information The Company conducts its operations primarily in the U.S. with 4.8% and 6.0% of total earned premiums, net, service and administrative fees, ceding commissions and other revenue generated overseas for the years ended December 31, 2024 and 2023, respectively. Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s consolidated financial statements and accompanying notes. Management makes estimates and assumptions that include, but are not limited to, the determination of the following significant items:

| • | Fair value of financial assets and liabilities, including, but not limited to, securities, loans and derivatives; |

| • | Value of acquired assets and liabilities; |

| • | Carrying value of goodwill and other intangibles, including estimated amortization period and useful lives; |

| • | Reserves for unpaid losses and loss adjustment expenses, estimated future claims and losses, potential litigation and other claims; |

| • | Deferred acquisition costs and value of business acquired; |

| • | The realization of deferred tax assets, and recognition and measurement of uncertain tax positions; |

| • | Valuation of contingent share issuances for compensation and purchase consideration, including estimates of number of shares and vesting schedules; |

| • | Revenue recognition including, but not limited to, the timing and amount of insurance premiums, and service and administration fees; and |

| • | Other matters that affect the reported amounts and disclosure of contingencies in the consolidated financial statements. |

Although these and other estimates and assumptions are based on the best available estimates, actual results could differ materially from management’s estimates. Non-Controlling Interests The third-party ownership interests of the common stock of Southern Financial Life Insurance Company (“SFLIC”) and Tiptree Advisors Funds, and subsidiary ownership by Premia management are reflected as non-controlling interests on the consolidated balance sheets. The table below presents the amounts outstanding and the percentages of non-controlling interests for the following periods:

|                                 |     |             As