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Operating Segment Data
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Operating Segment Data Operating 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, is a leading provider of specialty insurance, service contract
products and related service solutions. Based on the ASC 280, Segment Reporting, quantitative analysis performed, our reportable segments are Insurance and Mortgage. We refer to our non-insurance operations, assets and other investments, 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 is a leading provider of specialty insurance products and related services. Fortegra designs, markets and underwrites specialty 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 (including our two held for sale product tankers), asset management, other investments (including our Invesque shares), and Luxury mortgage operations (held for sale as of June 30, 2022 and deconsolidated effective as of July 1, 2022).

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 September 30, 2022
Tiptree Capital
InsuranceMortgageOtherTotal
Total revenues$327,028 $15,611 $20,839 $363,478 
Total expenses(311,724)(16,551)(1,762)(330,037)
Corporate expenses— — — (8,316)
Income (loss) before taxes$15,304 $(940)$19,077 $25,125 
Less: provision (benefit) for income taxes5,068 
Net income (loss)$20,057 
Less: net income (loss) attributable to non-controlling interests5,834 
Net income (loss) attributable to common stockholders$14,223 
Three Months Ended September 30, 2021
Tiptree Capital
InsuranceMortgageOtherTotal
Total revenues$246,706 $27,425 $12,474 $286,605 
Total expenses(233,369)(21,158)(17,174)(271,701)
Corporate expenses— — — (11,320)
Income (loss) before taxes$13,337 $6,267 $(4,700)$3,584 
Less: provision (benefit) for income taxes237 
Net income (loss)$3,347 
Less: net income (loss) attributable to non-controlling interests1,339 
Net income (loss) attributable to common stockholders$2,008 
Nine Months Ended September 30, 2022
Tiptree Capital
InsuranceMortgageOtherTotal
Total revenues$903,388 $59,201 $65,635 $1,028,224 
Total expenses(864,331)(55,851)(45,167)(965,349)
Corporate expenses— — — (33,895)
Income (loss) before taxes$39,057 $3,350 $20,468 $28,980 
Less: provision (benefit) for income taxes31,537 
Net income (loss)$(2,557)
Less: net income (loss) attributable to non-controlling interests6,588 
Net income (loss) attributable to common stockholders$(9,145)

Nine Months Ended September 30, 2021
Tiptree Capital
InsuranceMortgageOtherTotal
Total revenues$721,524 $87,191 $72,265 $880,980 
Total expenses(671,955)(62,072)(59,351)(793,378)
Corporate expenses— — — (33,151)
Income (loss) before taxes$49,569 $25,119 $12,914 $54,451 
Less: provision (benefit) for income taxes11,416 
Net income (loss)$43,035 
Less: net income (loss) attributable to non-controlling interests4,477 
Net income (loss) attributable to common stockholders$38,558 
The Company conducts its operations primarily in the U.S. with 7.3% and 9.0% of total revenues generated overseas for the three months ended September 30, 2022 and 2021, respectively, and 8.4% and 7.1% for the nine months ended September 30, 2022 and 2021, respectively.

The following table presents the reportable segments and Tiptree Capital - Other assets for the following periods:
As of September 30, 2022As of December 31, 2021
Tiptree CapitalTiptree Capital
InsuranceMortgageOtherCorporateTotalInsuranceMortgageOtherCorporateTotal
Total assets$3,648,191 $167,015 $73,311 $105,567 $3,994,084 $3,002,152 $201,134 $384,564 $11,297 $3,599,147