Tiptree Inc. (TIPT)

Tiptree Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,044	888.61	677.16	634.77	499.26	370.42
Investments in Equity & Preferred Securities	95.33	68.31	85.78	138.48	123.84	155.38
Other Investments	21.36	21.1	3.58	23.77	3.02	8.76
Total Investments	1,164	981.84	770.17	804.54	635.32	542.28
Cash & Equivalents	396.19	468.71	538.07	175.72	136.92	133.12
Reinsurance Recoverable	932.66	953.89	450.62	880.84	728.01	539.83
Other Receivables	853.12	735.55	572.47	518.02	468.35	304.31
Deferred Policy Acquisition Cost	570.92	565.75	498.93	379.37	229.43	166.49
Property, Plant & Equipment	56.27	61.09	53.33	38.75	43.09	36.14
Goodwill	208.57	206.16	186.61	179.1	179.24	99.15
Other Intangible Assets	108.48	118.76	116.89	122.58	137.95	47.59
Restricted Cash	108.18	23.85	12.78	19.37	58.36	11.47
Other Current Assets	989.22	913.67	744.61	262.01	192.19	116.45
Other Long-Term Assets	44.87	51.71	44.57	120.37	103.97	102.74
Total Assets	5,506	5,139	4,040	3,599	2,996	2,198
Accounts Payable	81.92	114.57	119.39	149.82	106.14	68.83
Accrued Expenses	21.56	53.78	42.78	20.41	63.73	10.32
Unpaid Claims	1,193	844.85	567.19	331.7	233.44	144.38
Unearned Premiums	1,710	1,695	1,357	1,124	860.69	754.99
Reinsurance Payable	458.61	543.6	305.1	265.57	224.66	143.87
Current Portion of Leases	-	9.71	-	-	-	-
Short-Term Debt	44.29	32.18	32.14	36.73	70.59	6.73
Long-Term Debt	388.52	402.41	259.37	393.35	366.25	374.45
Long-Term Leases	37.79	30.7	38.03	29.4	32.91	29.49
Long-Term Deferred Tax Liabilities	188.85	139.85	90.39	40.05	24.18	32.31
Other Current Liabilities	10.13	4.5	29.78	245.38	223.84	106.19
Other Long-Term Liabilities	22.64	18.46	15.24	27.75	16.58	20.7
Total Liabilities	4,850	4,563	3,506	3,199	2,622	1,787
Common Stock	0.04	0.04	0.04	0.03	0.03	0.04
Additional Paid-In Capital	389.28	382.24	382.65	317.46	315.01	326.14
Retained Earnings	87.81	60.66	54.11	68.15	35.42	70.19
Comprehensive Income & Other	-15.17	-26.07	-39.43	-2.69	5.67	1.7
Total Common Equity	461.95	416.87	397.37	382.95	356.14	398.06
Minority Interest	194.25	159.7	136.21	17.23	17.39	13.35
Shareholders' Equity	656.2	576.57	533.57	400.18	373.54	411.42
Total Liabilities & Equity	5,506	5,139	4,040	3,599	2,996	2,198
Filing Date Shares Outstanding	37.06	36.76	36.73	34.39	32.54	34.43
Total Common Shares Outstanding	36.79	36.76	36.39	34.12	32.68	34.56
Total Debt	470.6	475	329.53	459.48	469.75	410.68
Net Cash (Debt)	-74.42	-6.29	208.53	-283.76	-332.83	-277.56
Net Cash Per Share	-1.97	-0.17	5.87	-8.42	-9.83	-8.03
Book Value Per Share	12.56	11.34	10.92	11.22	10.90	11.52
Tangible Book Value	144.9	91.95	93.87	81.27	38.96	251.33
Tangible Book Value Per Share	3.94	2.50	2.58	2.38	1.19	7.27

Source: S&P Capital IQ. Insurance template. Financial Sources.