TIPTREE INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
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(15) Other Revenue and Other Expenses
Other Revenue
The following table presents the components of other revenue as reported in the condensed consolidated statement of operations.
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Other investment income (1) | $6,216 | $4,770 |
| Financing interest income | 4,272 | 3,887 |
| Other (2) | 4,810 | 4,675 |
| Total other revenue | $15,298 | $13,332 |
(1) See Note (5) Investments for the components of Other investment income.
(2)Includes $4,378 and $3,118 for the three months ended March 31, 2024 and 2023, respectively, related to Insurance.
Other Expenses
The following table presents the components of other expenses as reported in the condensed consolidated statement of operations:
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| General and administrative | $10,521 | $9,059 |
| Professional fees | 9,078 | 7,759 |
| Premium taxes | 5,375 | 5,774 |
| Mortgage origination expenses | 3,160 | 3,192 |
| Rent and related | 3,916 | 4,070 |
| Other | 8,816 | 2,957 |
| Total other expenses | $40,866 | $32,811 |
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