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Segment Data
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Data Segment DataTiptree is a holding company that allocates capital across a broad spectrum of businesses, assets and other investments. Tiptree’s principal operating subsidiary, The Fortegra Group, LLC and its subsidiaries (Fortegra), is a leading provider of specialty insurance, service contract products and related service solutions. Based on the ASC 280 quantitative analysis performed as of December 31, 2021, our reportable segments are Insurance and Mortgage. We refer to our non-insurance operations, assets and other investments, which is comprised of our Mortgage reportable segment and our non-reportable
operating segments and other business activities, as Tiptree Capital. Corporate activities include holding company interest expense, employee compensation and benefits, and other expenses.

Our reportable segments’ income or loss is reported before income taxes and non-controlling interests. Segment results incorporate the revenues and expenses of these subsidiaries since they commenced operations or were acquired. Intercompany transactions are eliminated.

Descriptions of our Insurance reportable segment and Tiptree Capital, including our Mortgage reportable segment, are as follows:

Insurance operations are conducted through Fortegra, which includes Fortegra Financial Corporation and Fortegra Warranty. Fortegra is a leading provider of specialty insurance products and related services. Fortegra designs, markets and underwrites specialty commercial and personal property and casualty insurance products incorporating value-added coverages and services for select target markets or niches. Fortegra’s products and services include niche commercial and personal lines, service contracts, and other insurance services.

Tiptree Capital:

Mortgage operations are conducted through Reliance. The Company’s mortgage origination business originates loans for sale to institutional investors, including GSEs and FHA/VA and services loans on behalf of Fannie Mae, Freddie Mac, and Ginnie Mae.

Other includes our maritime shipping operations, asset management, other investments (including our Invesque shares), and our held-for-sale mortgage operations (Luxury).

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, 2022
Tiptree Capital
InsuranceMortgageOtherTotal
Total revenues$282,529 $25,401 $16,973 $324,903 
Total expenses(267,847)(21,135)(24,624)(313,606)
Corporate expenses— — — (12,249)
Income (loss) before taxes$14,682 $4,266 $(7,651)$(952)
Less: provision (benefit) for income taxes(86)
Net income (loss)$(866)
Less: net income (loss) attributable to non-controlling interests94 
Net income (loss) attributable to common stockholders$(960)

Three Months Ended March 31, 2021
Tiptree Capital
InsuranceMortgageOtherTotal
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 taxes8,752 
Net income (loss)$30,640 
Less: net income (loss) attributable to non-controlling interests2,059 
Net income (loss) attributable to common stockholders$28,581 
The Company conducts its operations primarily in the U.S. with 5.9% and 4.9% of total revenues generated overseas for the three months ended March 31, 2022 and 2021, respectively.
The following table presents the reportable segments and Tiptree Capital - Other assets for the following periods:
As of March 31, 2022As of December 31, 2021
Tiptree CapitalTiptree Capital
InsuranceMortgageOtherCorporateTotalInsuranceMortgageOtherCorporateTotal
Total assets$3,168,813 $182,828 $248,852 $(295)$3,600,198 $3,002,152 $201,134 $384,564 $11,297 $3,599,147