Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 268

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 268
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 and loss adjustment expenses of $393,455, as of January 1, 2024. The favorable prior year development of $11,187 in the year ended December 31, 2023 represented 8.6% of pre-tax income of $129,816 and 3.8% of the opening net liability for losses and loss adjustment expenses of $298,057, as of January 1, 2023. Based upon our internal analysis and our review of the statement of actuarial opinions provided by our actuarial consultants, we believe that the amounts recorded for policy liabilities and unpaid claims reasonably represents the amount necessary to pay all claims and related expenses which may arise from incidents that have occurred as of the balance sheet date. Incurred and Paid Development The following table presents information about incurred and paid loss development and average claim duration as of December 31, 2024, net of reinsurance, as well as cumulative claim frequency and the total of IBNR liabilities plus expected development on reported claims included within the net incurred claims amounts. The cumulative number of reported claims represents open claims, claims closed with payment, and claims closed without payment. It does not include an estimated count of unreported claims. The number of claims is measured by claim event. The Company considers a claim that does not result in a liability as a claim closed without payment.

| Incurred Losses and Allocated Loss Adjustment Expenses, Net of Reinsurance |     |                                  |     |        |     |         |     |         |     |         |     |         |     |         |     |         |     |         |     |            |     | As of December 31, 2024 |     |            |
|:---------------------------------------------------------------------------|:----|---------------------------------:|:----|-------:|:----|--------:|:----|--------:|:----|--------:|:----|--------:|:----|--------:|:----|--------:|:----|--------:|:----|-----------:|:----|------------------------:|:----|-----------:|
|                                                                            |     | For the Years Ended December 31, |     |        |     |         |     |         |     |         |     |         |     |         |     |         |     |         |     |            |     |                Total of 
                    IBNR 
             Liabilities 
                    Plus 
                Expected 
             Development 
             of Reported 
                  Claims |     | Cumulative