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
TIPT$17.62-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets for December 31, 2023 and 2022
| As of December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets: | ||
| Investments: | ||
| Available for sale securities, at fair value, net of allowance for credit losses | $802,609 | $611,980 |
| Loans, at fair value | 69,556 | 64,843 |
| Equity securities | 68,308 | 85,776 |
| Other investments | 111,088 | 73,025 |
| Total investments | 1,051,561 | 835,624 |
| Cash and cash equivalents | 468,711 | 538,065 |
| Restricted cash | 23,850 | 12,782 |
| Notes and accounts receivable, net | 684,608 | 502,311 |
| Reinsurance recoverable | 953,886 | 450,620 |
| Prepaid reinsurance premiums | 900,524 | 725,470 |
| Deferred acquisition costs | 565,746 | 498,925 |
| Goodwill | 206,155 | 186,608 |
| Intangible assets, net | 118,757 | 117,015 |
| Other assets | 165,515 | 172,143 |
| Total assets | $5,139,313 | $4,039,563 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Debt, net | $402,411 | $259,366 |
| Unearned premiums | 1,695,058 | 1,357,436 |
| Policy liabilities and unpaid claims | 844,848 | 567,193 |
| Deferred revenue | 673,085 | 649,150 |
| Reinsurance payable | 543,602 | 305,097 |
| Other liabilities and accrued expenses | 403,744 | 367,748 |
| Total liabilities | $4,562,748 | $3,505,990 |
| Stockholders’ Equity: | ||
| Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued or outstanding | $— | $— |
| Common stock: $0.001 par value, 200,000,000 shares authorized, 36,756,187 and 36,385,299 shares issued and outstanding, respectively | 37 | 36 |
| Additional paid-in capital | 382,239 | 382,645 |
| Accumulated other comprehensive income (loss), net of tax | (26,073) | (39,429) |
| Retained earnings | 60,663 | 54,113 |
| Total Tiptree Inc. stockholders’ equity | 416,866 | 397,365 |
| Non-controlling interests: | ||
| Fortegra preferred interests | 77,679 | 77,679 |
| Common interests | 82,020 | 58,529 |
| Total non-controlling interests | 159,699 | 136,208 |
| Total stockholders’ equity | 576,565 | 533,573 |
| Total liabilities and stockholders’ equity | $5,139,313 | $4,039,563 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.