| Schedule of reconciliation of basic and diluted net income per common share |
The following table presents a reconciliation of basic and diluted net income per common share for the following periods:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Net income (loss) from continuing operations |
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$ |
4,623 |
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$ |
(9,504 |
) |
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$ |
(8,965 |
) |
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$ |
(29,650 |
) |
Less: |
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Net income allocated to participating securities |
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16 |
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— |
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— |
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— |
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Net income (loss) from continuing operations attributable to Tiptree Inc. common shares - basic |
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$ |
4,607 |
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$ |
(9,504 |
) |
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$ |
(8,965 |
) |
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$ |
(29,650 |
) |
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Effect of Dilutive Securities: |
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Net income (loss) from discontinued operations attributable to Tiptree Inc. common shares - basic |
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$ |
578 |
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$ |
15,925 |
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$ |
417,645 |
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$ |
60,666 |
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Securities of subsidiaries |
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— |
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(1,548 |
) |
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(2,873 |
) |
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(4,766 |
) |
Net income (loss) from discontinued operations attributable to Tiptree Inc. common shares - diluted |
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578 |
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14,377 |
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414,772 |
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55,900 |
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Net income (loss) attributable to Tiptree Inc. common shares - diluted |
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$ |
5,185 |
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$ |
4,873 |
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$ |
405,807 |
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$ |
26,250 |
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Weighted average number of shares of common stock outstanding - basic |
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37,219,388 |
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37,565,019 |
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37,501,234 |
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37,470,832 |
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Weighted average number of incremental shares of common stock issuable from exchangeable interests and contingent considerations |
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568,627 |
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— |
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— |
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— |
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Weighted average number of shares of common stock outstanding - diluted |
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37,788,015 |
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37,565,019 |
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37,501,234 |
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37,470,832 |
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Basic: |
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Net income (loss) from continuing operations |
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$ |
0.12 |
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$ |
(0.25 |
) |
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$ |
(0.24 |
) |
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$ |
(0.79 |
) |
Net income (loss) from discontinued operations |
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0.02 |
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0.42 |
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11.14 |
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1.62 |
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Basic Net income (loss) attributable to Tiptree Inc. common shares |
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$ |
0.14 |
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$ |
0.17 |
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$ |
10.90 |
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$ |
0.83 |
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Diluted: |
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Net income (loss) from continuing operations |
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$ |
0.12 |
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$ |
(0.25 |
) |
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$ |
(0.24 |
) |
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$ |
(0.79 |
) |
Net income (loss) from discontinued operations |
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0.02 |
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|
0.38 |
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|
11.06 |
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|
1.49 |
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Diluted Net income (loss) attributable to Tiptree Inc. common shares |
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$ |
0.14 |
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$ |
0.13 |
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$ |
10.82 |
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$ |
0.70 |
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