XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Available for sale securities, at fair value, net of allowance for credit losses $ 568,460 $ 577,448
Loans, at fair value 96,244 105,583
Equity securities 120,895 138,483
Other investments 132,305 168,656
Total investments 917,904 990,170
Cash and cash equivalents 177,962 175,718
Restricted cash 19,567 19,368
Notes and accounts receivable, net 536,133 454,369
Reinsurance receivables 949,952 880,836
Deferred acquisition costs 414,752 379,373
Goodwill 179,103 179,103
Intangible assets, net 119,357 122,758
Other assets 147,217 146,844
Assets held for sale 138,251 250,608
Total assets 3,600,198 3,599,147
Liabilities:    
Debt, net 391,326 393,349
Unearned premiums 1,188,764 1,123,952
Policy liabilities and unpaid claims 393,877 331,703
Deferred revenue 560,316 534,863
Reinsurance payable 273,314 265,569
Other liabilities and accrued expenses 292,115 306,536
Liabilities held for sale 117,333 242,994
Total liabilities 3,217,045 3,198,966
Stockholders’ Equity:    
Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued or outstanding 0 0
Common stock: $0.001 par value, 200,000,000 shares authorized, 34,877,897 and 34,124,153 shares issued and outstanding, respectively 35 34
Additional paid-in capital 323,916 317,459
Accumulated other comprehensive income (loss), net of tax (23,106) (2,685)
Retained earnings 65,788 68,146
Total Tiptree Inc. stockholders’ equity 366,633 382,954
Non-controlling interests 16,520 17,227
Total stockholders’ equity 383,153 400,181
Total liabilities and stockholders’ equity $ 3,600,198 $ 3,599,147