| Schedule of accumulated other comprehensive income (loss) |
The following table presents the activity of AFS securities in AOCI, net of tax, for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses) on available for sale securities |
|
|
Foreign currency translation adjustment |
|
|
Total AOCI |
|
|
Amount attributable to non-controlling interests |
|
|
Total AOCI to Tiptree Inc. |
|
Balance at December 31, 2024 |
|
$ |
(32,266 |
) |
|
$ |
(2,529 |
) |
|
$ |
(34,795 |
) |
|
$ |
7,045 |
|
|
$ |
(27,750 |
) |
Other comprehensive income (losses) before reclassifications |
|
|
6,530 |
|
|
|
15,073 |
|
|
|
21,603 |
|
|
|
(5,930 |
) |
|
|
15,673 |
|
Amounts reclassified from AOCI |
|
|
454 |
|
|
|
— |
|
|
|
454 |
|
|
|
— |
|
|
|
454 |
|
OCI |
|
|
6,984 |
|
|
|
15,073 |
|
|
|
22,057 |
|
|
|
(5,930 |
) |
|
|
16,127 |
|
Balance at June 30, 2025 |
|
$ |
(25,282 |
) |
|
$ |
12,544 |
|
|
$ |
(12,738 |
) |
|
$ |
1,115 |
|
|
$ |
(11,623 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2025 |
|
$ |
(13,242 |
) |
|
$ |
5,918 |
|
|
$ |
(7,324 |
) |
|
$ |
(172 |
) |
|
$ |
(7,496 |
) |
Other comprehensive income (losses) before reclassifications |
|
|
5 |
|
|
|
— |
|
|
|
5 |
|
|
|
— |
|
|
|
5 |
|
Amounts reclassified from AOCI |
|
|
13,242 |
|
|
|
(5,918 |
) |
|
|
7,324 |
|
|
|
172 |
|
|
|
7,496 |
|
OCI |
|
|
13,247 |
|
|
|
(5,918 |
) |
|
|
7,329 |
|
|
|
172 |
|
|
|
7,501 |
|
Balance at June 30, 2026 |
|
$ |
5 |
|
|
$ |
— |
|
|
$ |
5 |
|
|
$ |
— |
|
|
$ |
5 |
|
|
| Schedule of Reclassification out of accumulated other comprehensive income |
The following table presents the reclassification adjustments out of AOCI included in net income and the impacted line items on the condensed consolidated statement of operations for the following periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
Affected line item in consolidated statements |
Components of AOCI |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
of operations |
Unrealized gains (losses) on available for sale securities |
|
$ |
(7,647 |
) |
|
$ |
33 |
|
|
$ |
(7,767 |
) |
|
$ |
(588 |
) |
|
See note (1) |
Release of cumulative translation adjustment |
|
|
5,918 |
|
|
|
— |
|
|
|
5,918 |
|
|
|
— |
|
|
Gain (loss) on sale of discontinued operations |
Removal of noncontrolling interest upon disposal of subsidiary |
|
|
(172 |
) |
|
|
— |
|
|
|
(172 |
) |
|
|
— |
|
|
Gain (loss) on sale of discontinued operations |
Related tax (expense) benefit |
|
|
(5,506 |
) |
|
|
(9 |
) |
|
|
(5,475 |
) |
|
|
134 |
|
|
Provision for income tax |
Net of tax |
|
$ |
(7,407 |
) |
|
$ |
24 |
|
|
$ |
(7,496 |
) |
|
$ |
(454 |
) |
|
|
(1)Reclassification adjustments related to available-for-sale securities were recognized in Gain (loss) on sale of discontinued operations for the three and six months ended June 30, 2026 and in Income (loss) from discontinued operations for the three and six months ended June 30, 2025.
|