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v3.21.1

Segment Data (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Schedule of Operating Segments | The tables below present the components of revenue, expense, income (loss) before taxes, and assets for our reportable segments as well as Tiptree Capital - Other for the following periods:
| Three Months Ended March 31, 2021
|  |  | Tiptree Capital |  |  |  |
| Insurance |  | Mortgage |  | Other |  | Total |  |  |  |  |  |
Total revenues | $ | 222,563 |  |  | $ | 34,494 |  |  | $ | 37,631 |  |  | $ | 294,688 |  |  |  |  |  |  |
Total expenses | (201,035) |  |  | (21,417) |  |  | (22,637) |  |  | (245,089) |  |  |  |  |  |  |
Corporate expenses | — |  |  | — |  |  | — |  |  | (10,207) |  |  |  |  |  |  |
Income (loss) before taxes | $ | 21,528 |  |  | $ | 13,077 |  |  | $ | 14,994 |  |  | $ | 39,392 |  |  |  |  |  |  |
Less: provision (benefit) for income taxes |  |  |  |  |  |  | 8,752 |  |  |  |  |  |  |
Net income (loss) |  |  |  |  |  |  | $ | 30,640 |  |  |  |  |  |  |
Less: net income (loss) attributable to non-controlling interests |  |  |  |  |  |  | 2,059 |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders |  |  |  |  |  |  | $ | 28,581 |  |  |  |  |  |  |
| Three Months Ended March 31, 2020
|  |  | Tiptree Capital |  |
| Insurance |  | Mortgage |  | Other |  | Total
Total revenues | $ | 143,340 |  |  | $ | 16,220 |  |  | $ | (29,889) |  |  | $ | 129,671 |
Total expenses | (170,457) |  |  | (17,310) |  |  | (15,352) |  |  | (203,119) |
Corporate expenses | — |  |  | — |  |  | — |  |  | (8,303) |
Income (loss) before taxes | $ | (27,117) |  |  | $ | (1,090) |  |  | $ | (45,241) |  |  | $ | (81,751) |
Less: provision (benefit) for income taxes |  |  |  |  |  |  | (21,181) |
Net income (loss) |  |  |  |  |  |  | $ | (60,570) |
Less: net income (loss) attributable to non-controlling interests |  |  |  |  |  |  | (563) |
Net income (loss) attributable to common stockholders |  |  |  |  |  |  | $ | (60,007) |
The Company conducts its operations primarily in the U.S. with 4.9% and 8.3% of total revenues generated overseas for the three months ended March 31, 2021 and 2020, respectively. The following table presents the reportable segments and Tiptree Capital - Other assets for the following periods:
| As of March 31, 2021 |  | As of December 31, 2020
|  |  | Tiptree Capital |  |  |  |  |  |  |  | Tiptree Capital |  |  |  |
| Insurance |  | Mortgage |  | Other |  | Corporate |  | Total |  | Insurance |  | Mortgage |  | Other |  | Corporate |  | Total
Total assets | $ | 2,471,077 |  |  | $ | 241,926 |  |  | $ | 294,008 |  |  | $ | 41,602 |  |  | $ | 3,048,613 |  |  | $ | 2,452,798 |  |  | $ | 217,138 |  |  | $ | 302,068 |  |  | $ | 23,756 |  |  | $ | 2,995,760 |
The following table presents the Company's investments related to insurance operations (Insurance) and investments from other Tiptree investing activities (Tiptree Capital), measured at fair value as of the following periods:
| As of March 31, 2021 |  |
|  |  | Tiptree Capital |  |  |  |  |  |  |  |
| Insurance |  | Mortgage |  | Other |  | Total |  |  |  |  |  |
Available for sale securities, at fair value, net of allowance for credit losses | $ | 409,947 |  |  | $ | — |  |  | $ | — |  |  | $ | 409,947 |  |  |  |  |  |  |
Loans, at fair value | 10,832 |  |  | 99,626 |  |  | — |  |  | 110,458 |  |  |  |  |  |  |
Equity securities | 105,548 |  |  | — |  |  | 39,474 |  |  | 145,022 |  |  |  |  |  |  |
Other investments | 122,417 |  |  | 12,021 |  |  | 84,033 |  |  | 218,471 |  |  |  |  |  |  |
Total investments | $ | 648,744 |  |  | $ | 111,647 |  |  | $ | 123,507 |  |  | $ | 883,898 |  |  |  |  |  |  |
| As of December 31, 2020
|  |  | Tiptree Capital |  |
| Insurance |  | Mortgage |  | Other |  | Total
Available for sale securities, at fair value, net of allowance for credit losses | $ | 377,133 |  |  | $ | — |  |  | $ | — |  |  | $ | 377,133 |
Loans, at fair value | 7,795 |  |  | 82,937 |  |  | — |  |  | 90,732 |
Equity securities | 98,130 |  |  | — |  |  | 25,708 |  |  | 123,838 |
Other investments | 125,833 |  |  | 9,439 |  |  | 84,429 |  |  | 219,701 |
Total investments | $ | 608,891 |  |  | $ | 92,376 |  |  | $ | 110,137 |  |  | $ | 811,404 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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