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Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 65,995 $ 69,400
Restricted cash 22,093 18,778
Securities, available for sale (amortized cost: $134,856 at September 30, 2016 and $185,046 at December 31, 2015) 137,195 184,703
Loans, at fair value (pledged as collateral: $112,858 at June 30, 2016 and $112,743 at December 31, 2015) 371,934 394,395
Loans owned, at amortized cost, net 96,696 52,531
Notes and accounts receivable, net 163,896 140,999
Reinsurance receivables 381,163 352,926
Deferred acquisition costs 60,150 57,858
Real estate, net 280,831 203,961
Goodwill and intangible assets, net 178,291 186,107
Other assets 112,843 104,500
Assets of consolidated CLOs 995,658 728,812
Total assets 2,866,745 2,494,970
Liabilities    
Debt, net 774,095 666,952
Unearned premiums 412,633 389,699
Policy liabilities and unpaid claims 101,913 80,663
Deferred revenue 56,716 63,081
Reinsurance payable 54,068 65,840
Commissions payable 9,240 14,866
Deferred tax liabilities, net 27,072 22,699
Other liabilities and accrued expenses 106,449 95,160
Liabilities of consolidated CLOs 943,218 698,316
Total liabilities 2,485,404 2,097,276
Commitments and contingencies (see Note 23)
Stockholders’ Equity    
Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued or outstanding 0 0
Additional paid-in capital 297,274 297,063
Accumulated other comprehensive income (loss), net of tax 1,031 (111)
Retained earnings 30,956 15,845
Total Tiptree Financial Inc. stockholders’ equity 286,772 312,840
Non-controlling interests (including $74,630 and $69,278 attributable to Tiptree Financial Partners, L.P., respectively) 94,569 84,854
Total stockholders’ equity 381,341 397,694
Total liabilities and stockholders’ equity 2,866,745 2,494,970
Common stock - Class A: $0.001 par value, 200,000,000 shares authorized, 34,947,239 and 34,899,833 shares issued and outstanding, respectively    
Stockholders’ Equity    
Common stock 35 35
Class A common stock held by subsidiaries, 6,596,000 and 0 shares, respectively (42,524) 0
Common stock - Class B: $0.001 par value, 50,000,000 shares authorized, 8,049,029 and 8,049,029 shares issued and outstanding, respectively    
Stockholders’ Equity    
Common stock 8 8
Class A common stock held by subsidiaries, 6,596,000 and 0 shares, respectively (8) 0
Accumulated other comprehensive income (loss)    
Stockholders’ Equity    
Accumulated other comprehensive income (loss), net of tax 1,239 (111)
Total stockholders’ equity $ 1,031 $ (111)