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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Investments:    
Available for sale securities, at fair value, net of allowance for credit losses $ 1,166,877 $ 1,107,929
Loans, at fair value 75,792 81,330
Equity securities 140,841 108,620
Other investments 57,088 53,084
Total investments 1,440,598 1,350,963
Cash and cash equivalents 383,828 320,067
Restricted cash 91,220 96,197
Notes and accounts receivable, net 893,474 799,131
Reinsurance recoverable 1,236,800 992,883
Prepaid reinsurance premiums 1,043,944 1,046,253
Deferred acquisition costs 573,178 565,872
Goodwill 207,696 206,706
Intangible assets, net 96,941 102,859
Other assets 180,213 213,858
Total assets 6,147,892 5,694,789
Liabilities:    
Debt, net 493,029 427,089
Unearned premiums 1,859,638 1,766,068
Policy liabilities and unpaid claims 1,503,493 1,298,081
Deferred revenue 667,563 695,772
Reinsurance payable 450,264 443,083
Other liabilities and accrued expenses 450,537 407,925
Total liabilities 5,424,524 5,038,018
Stockholders’ Equity:    
Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued or outstanding 0 0
Common stock: $0.001 par value, 200,000,000 shares authorized, 37,496,977 and 37,255,838 shares issued and outstanding, respectively 37 37
Additional paid-in capital 395,637 389,693
Accumulated other comprehensive income (loss), net of tax (11,623) (27,750)
Retained earnings 115,787 95,718
Total Tiptree Inc. stockholders’ equity 499,838 457,698
Total non-controlling interests 223,530 199,073
Total stockholders’ equity 723,368 656,771
Total liabilities and stockholders’ equity 6,147,892 5,694,789
Fortegra preferred interests    
Stockholders’ Equity:    
Total non-controlling interests 77,679 77,679
Common interests    
Stockholders’ Equity:    
Total non-controlling interests $ 145,851 $ 121,394