Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 277

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 277
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 beginning in calendar year 2025. While it is uncertain whether the U.S. will adopt Pillar Two, certain countries in which the Company operates have adopted legislation and other countries are in the process of introducing legislation to implement Pillar Two. We continue to expect Pillar Two to not have a material impact on the Company, and we regularly monitor the additional guidance the OECD releases and the legislation that countries are implementing.

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TABLE OF CONTENTS

THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2024 & 2023 (in thousands, unless otherwise noted) (20) Commitments and Contingencies Operating Leases All leases are office space leases and are classified as operating leases that expire through 2034. Some of our office leases include the option to extend for up to 5 years or less at management’s discretion. Such extension options were not included in the measurement of the lease liability. Below is a summary of our right of use asset and lease liability as of December 31, 2024:

|                                               |     |        As of 
 December 31, 
         2024 |
|:----------------------------------------------|:----|-------------:|
| Right of use asset - Operating leases         |     |      $13,558 |
| Operating lease liability                     |     |      $18,531 |
| Weighted-average remaining lease term (years) |     |         7.06 |
| Weighted-average discount rate(1)             |     |         8.0% |

| (1) | Discount rate was determined by applying available market rates to lease obligations based upon their term. |

As of December 31, 2024, the approximate aggregate minimum future lease payments required for our lease liability over the remaining lease periods are as follows:

| 2025                           |     |        As of 
 December 31, 
         2024 
       $3,642 |
|:-------------------------------|:----|-------------:|
| 2026                           |     |        3,560 |
| 2027                           |     |        3,416 |
| 2028                           |     |        3,172 |
| 2029                           |     |        3,010 |
| 2030 and thereafter            |     |        7,526 |
| Total minimum payments         |     |       24,326 |
| Less: present value adjustment |     |