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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(7) Notes and Accounts Receivable, net
The following table presents the total notes and accounts receivable, net:
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Accounts and premiums receivable, net | $260,383 | $142,011 |
| Retrospective commissions receivable | 250,788 | 191,092 |
| Notes receivable, net | 134,131 | 121,419 |
| Other receivables | 39,306 | 47,789 |
| Total notes and accounts receivable, net | $684,608 | $502,311 |
The following table presents the total valuation allowance and bad debt expense for the following periods:
| Valuation allowance · Bad Debt Expense | |||||
|---|---|---|---|---|---|
| As of December 31, · For the Year Ended December 31, | |||||
| 2023 | 2022 | 2023 | 2022 | 2021 | |
| Notes receivable, net - premium financing program (1) | $46 | $85 | $119 | $141 | $274 |
| Accounts and premiums receivable, net | $66 | $94 | $18 | $56 | $33 |
(1)As of December 31, 2023 and 2022, there were $219 and $168 in balances classified as 90 days plus past due, respectively.
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