Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

The following table presents a reconciliation of basic and diluted net income per common share for the following periods:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net income (loss)	$	3,347	$	14,741	$	43,035	$	(41,390)
Less:
Net income (loss) attributable to non-controlling interests	1,339		1,978		4,477		2,038
Net income allocated to participating securities	35		351		725		—
Net income (loss) attributable to Tiptree Inc. common shares - basic	1,973		12,412		37,833		(43,428)







Effect of Dilutive Securities:
Securities of subsidiaries	(73)		(461)		(905)		—
Adjustments to income relating to exchangeable interests, net of tax	1		—		1,820		—
Net income (loss) attributable to Tiptree Inc. common shares - diluted	$	1,901	$	11,951	$	38,748	$	(43,428)

Weighted average number of shares of common stock outstanding - basic	33,558,106		33,684,301		32,963,451		34,076,837
Weighted average number of incremental shares of common stock issuable from exchangeable interests and contingent considerations	574,076		—		2,061,760		—
Weighted average number of shares of common stock outstanding - diluted	34,132,182		33,684,301		35,025,211		34,076,837




Basic net income (loss) attributable to common shares	$	0.06	$	0.37	$	1.15	$	(1.27)




Diluted net income (loss) attributable to common shares	$	0.06	$	0.35	$	1.11	$	(1.27)