TIPTREE INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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(16) Other Revenue and Other Expenses
Other Revenue
The following table presents the components of other revenue as reported in the consolidated statement of operations. Other revenue is primarily generated by Tiptree Capital’s non-insurance activities except as noted in the footnote to the table.
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Other investment income (1) | $24,263 | $53,660 | $64,580 |
| Financing interest income | 16,035 | 12,290 | 7,592 |
| Other (2) | 18,605 | 10,235 | 1,235 |
| Total other revenue | $58,903 | $76,185 | $73,407 |
(1) See Note (6) Investments for the components of Other investment income.
(2)Includes $15,654, $5,269 and $2,792 for the years ended December 31, 2023, 2022 and 2021, respectively, related to Insurance.
Other Expenses
The following table presents the components of other expenses as reported in the consolidated statement of operations:
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| General and administrative | $38,086 | $26,216 | $36,654 |
| Professional fees | 28,292 | 26,614 | 27,285 |
| Premium taxes | 19,137 | 22,362 | 20,196 |
| Mortgage origination expenses | 12,248 | 17,540 | 17,451 |
| Rent and related | 15,871 | 17,635 | 17,009 |
| Other | 17,284 | 22,213 | 23,449 |
| Total other expenses | $130,918 | $132,580 | $142,044 |
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