TIPTREE INC
For the period ended Jun 30, 2024. Filed Jul 31, 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.
Jun 30, 2024 · Filed Jul 31, 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 June 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Other investment income (1) | $6,288 | $5,996 | $12,504 | $10,766 |
| Financing interest income | 4,739 | 4,053 | 9,011 | 7,940 |
| Other (2) | 7,308 | 3,972 | 12,118 | 8,647 |
| Total other revenue | $18,335 | $14,021 | $33,633 | $27,353 |
(1) See Note (5) Investments for the components of Other investment income.
(2)Includes $6,911 and $3,972 for the three months ended June 30, 2024 and 2023, respectively, and $11,289 and $6,518 for the six months ended June 30, 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 June 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| General and administrative | $10,330 | $9,977 | $20,851 | $19,036 |
| Professional fees | 6,218 | 6,428 | 15,296 | 14,187 |
| Premium taxes | 5,744 | 5,379 | 11,119 | 11,153 |
| Mortgage origination expenses | 3,320 | 3,028 | 6,480 | 6,220 |
| Rent and related | 4,348 | 3,804 | 8,264 | 7,874 |
| Other | 5,590 | 4,493 | 14,406 | 7,450 |
| Total other expenses | $35,550 | $33,109 | $76,416 | $65,920 |
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