Operating Segment Data (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Components of Revenue, Expense, pre-tax Income (loss), and Segment Assets for Each Operating Segment

The tables below present the components of revenue, expense, pre-tax income (loss), and assets for our reportable segment as well as Tiptree Capital for the following periods:



	Year Ended December 31, 2019
	Tiptree Insurance			Tiptree Capital			Total
Total revenue	$	640,433		$	132,295		$	772,728
Total expense	(599,433		)	(111,309		)	(710,742		)
Corporate expense	—			—			(32,847		)
Income (loss) before taxes from continuing operations	$	41,000		$	20,986		$	29,139
Less: provision (benefit) for income taxes							9,017
Net income (loss) before non-controlling interests							$	20,122
Less: net income (loss) attributable to non-controlling interests							1,761
Net income (loss) attributable to Common Stockholders							$	18,361



	Year Ended December 31, 2018
	Tiptree Insurance			Tiptree Capital			Total
Total revenue	$	549,872		$	75,954		$	625,826
Total expense	(531,312		)	(83,759		)	(615,071		)
Corporate expense	—			—			(30,551		)
Income (loss) before taxes from continuing operations	$	18,560		$	(7,805	)	$	(19,796	)
Less: provision (benefit) for income taxes							(5,909		)
Net income (loss) from discontinued operations							43,770
Net income (loss) before non-controlling interests							$	29,883
Less: net income (loss) attributable to non-controlling interests							5,950
Net income (loss) attributable to Common Stockholders							$	23,933



	Year Ended December 31, 2017
	Tiptree Insurance			Tiptree Capital			Total
Total revenue	$	478,965		$	102,833		$	581,798
Total expense	(473,561		)	(92,954		)	(566,515		)
Net income attributable to consolidated CLOs	—			10,457			10,457
Corporate expense	—			—			(29,070		)
Income (loss) before taxes from continuing operations	$	5,404		$	20,336		$	(3,330	)
Less: provision (benefit) for income taxes							(12,562		)
Net income (loss) from discontinued operations							(3,998		)
Net income (loss) before non-controlling interests							$	5,234
Less: net income (loss) attributable to non-controlling interests							1,630
Net income (loss) attributable to Common Stockholders							$	3,604

The following table presents sources of revenue from Tiptree Capital:



	Year Ended December 31,
	2019		2018		2017
Net realized and unrealized gains (losses) ⁽¹⁾	$	76,973	$	40,446	$	64,110
Other investment income ⁽²⁾	45,985		25,541		26,261
Gain on sale of businesses ⁽³⁾	7,598		—		1,994
Management fee income	1,267		6,694		8,314
Other	472		3,273		2,154
Total revenue	$	132,295	$	75,954	$	102,833


⁽¹⁾	See Note (5) Investments for the components of Net realized and unrealized gains (losses) related to Tiptree Capital.


⁽²⁾	See Note (5) Investments for the components of Other investment income.


⁽³⁾	Related to the sale of Telos and our commercial lending business for the year ended December 31, 2019 and 2017, respectively. See Note (3) Dispositions, Assets Held for Sale and Discontinued Operations.

The following table presents the reportable segment and Tiptree Capital assets for the following periods:



	As of December 31, 2019								As of December 31, 2018
	Tiptree Insurance		Tiptree Capital		Corporate		Total		Tiptree Insurance		Tiptree Capital		Corporate		Total
Total assets	$	1,721,669	$	451,249	$	25,368	$	2,198,286	$	1,514,084	$	318,420	$	32,414	$	1,864,918

The following table presents the Company's investments related to insurance operations (Tiptree Insurance) and investments from other Tiptree investing activities (Tiptree Capital), measured at fair value as of the following periods:



	As of December 31, 2019						As of December 31, 2018
	Tiptree Insurance		Tiptree Capital		Total		Tiptree Insurance		Tiptree Capital		Total
Available for sale securities, at fair value	$	335,192	$	—	$	335,192	$	283,563	$	—	$	283,563
Loans, at fair value	10,174		98,720		108,894		158,466		56,917		215,383
Equity securities	62,816		92,562		155,378		29,425		93,554		122,979
Other investments	42,452		95,020		137,472		18,526		56,476		75,002
Total investments	$	450,634	$	286,302	$	736,936	$	489,980	$	206,947	$	696,927