Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 27

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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 investment manager, based on quoted market prices. We perform internal price verification procedures monthly to ensure that the prices provided are reasonable.Mortgage Servicing RightsMortgage servicing rights are classified under Level 3 in the fair value hierarchy and fair value is provided by a third-party valuation service. Various observable and unobservable inputs are used to determine fair value, including discount rate, cost to service and weighted average prepayment speed. 

F-29

TIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsMarch 31, 2025(in thousands, except share data)

The following tables present the Company’s fair value hierarchies for financial assets and liabilities, measured on a recurring basis: As of March 31, 2025Quotedprices inactivemarkets Level 1 Other significant observable inputs  Level 2  Significant unobservable inputsLevel 3Fair valueAssets:Available for sale securities, at fair value:U.S. Treasury securities and obligations of U.S. government authorities and agencies$— $407,438 $— $407,438 Obligations of state and political subdivisions— 37,214 — 37,214 Obligations of foreign governments— 23,543 — 23,543 Certificates of deposit1,145 — — 1,145 Asset backed securities— 18,825 — 18,825 Corporate securities— 668,636 — 668,636 Total available for sale securities, at fair value1,145 1,155,656 — 1,156,801 Loans, at fair value:Corporate loans— — 9,283 9,283 Mortgage loans held for sale— 80,408 — 80,408 Total loans, at fair value— 80,408 9,283 89,691 Equity securities:Exchange traded funds6,736 — — 6,736 Other equity securities120,251 — 8,169 128,420 Total equity securities126,987 — 8,169 135,156 Other investments, at fair value:Corporate bonds— 3,401 — 3,401 Derivative assets— 148 4,208 4,356 Other— 21,927 — 21,927 Total other investments, at fair value—