TIPTREE INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(18) Accumulated Other Comprehensive Income (Loss)
(18)Accumulated Other Comprehensive Income (Loss) (AOCI)
The following table presents the activity of AFS securities in AOCI, net of tax, for the following periods:
| Unrealized gains (losses) on available for sale securities | Foreign currency translation adjustment | Total AOCI | Amount attributable to non-controlling interests | Total AOCI to Tiptree Inc. | |
|---|---|---|---|---|---|
| Balance at December 31, 2021 | $(2,686) | $— | $(2,686) | $1 | $(2,685) |
| Other comprehensive income (losses) before reclassifications | (39,514) | (7,311) | (46,825) | 3,731 | (43,094) |
| Amounts reclassified from AOCI | (843) | — | (843) | — | (843) |
| WP Transaction | — | — | — | 7,193 | 7,193 |
| OCI | (40,357) | (7,311) | (47,668) | 10,924 | (36,744) |
| Balance at December 31, 2022 | $(43,043) | $(7,311) | $(50,354) | $10,925 | $(39,429) |
| Balance at December 31, 2022 | $(43,043) | $(7,311) | $(50,354) | $10,925 | $(39,429) |
| Other comprehensive income (losses) before reclassifications | 8,716 | 7,213 | 15,929 | (4,755) | 11,174 |
| Amounts reclassified from AOCI | 2,182 | — | 2,182 | — | 2,182 |
| OCI | 10,898 | 7,213 | 18,111 | (4,755) | 13,356 |
| Balance at December 31, 2023 | $(32,145) | $(98) | $(32,243) | $6,170 | $(26,073) |
The following table presents the reclassification adjustments out of AOCI included in net income and the impacted line items on the consolidated statement of operations for the following periods:
| For the Year Ended December 31, · Affected line item in consolidated statements of operations | ||||
|---|---|---|---|---|
| Components of AOCI · 2023 · 2022 · 2021 | ||||
| Unrealized gains (losses) on available for sale securities | $(2,812) | $1,359 | $638 | Net realized and unrealized gains (losses) |
| Related tax (expense) benefit | 630 | (516) | (139) | Provision for income tax |
| Net of tax | $(2,182) | $843 | $499 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.