Tiptree Inc. TIPT Balance Sheet

Tiptree inc. (TIPT)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets:
Available for sale securities, at fair value
-	-	315	269	283	-	255	234	212	182	164	147	152	146	137	165	185	184	192	179	176	171	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Available for sale securities, at fair value
333	335	-	-	-	283	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	17	17	-	17	-	-	16	-	-	-	-	-	-	-
Mortgage loans held for sale, at fair value ($28,049 pledged as collateral at December 31, 2014)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	25	15	0	-	-	-	-	-	-	-	-	-	-	-
Loans, at fair value
79	108	111	92	125	215	229	233	239	258	323	310	327	373	371	278	325	394	248	63	2	2	-	-	-	171	-	-	-	-	-	-	-	-	-	-	-
Equity securities
129	155	147	154	122	122	135	140	-	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities, at fair value
-	-	-	-	-	-	-	-	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans at amortized cost, net
-	-	-	-	-	-	-	-	-	-	150	115	94	113	96	75	58	52	57	51	43	36	-	-	-	40	-	-	-	-	-	-	-	-	-	-	-
Due from separate accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	-	-	-	-	-	-	-
Equity securities, trading, at fair value
-	-	-	-	-	-	-	-	-	-	28	39	46	48	-	-	-	12	33	31	27	-	38	34	32	35	39	-	-	60	-	-	-	-	-	-	-
Land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	11	-	10	10	10	10	7	5	5
Buildings and improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	138	-	116	116	116	116	120	102	102
Less: accumulated depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8	-	7	6	5	4	3	2	1
Real estate, net
-	-	-	-	-	-	-	-	-	-	371	375	329	-	-	-	-	206	-	-	-	-	-	-	-	-	-	41	140	-	119	120	121	122	124	104	105
Other Investments
182	137	104	74	76	75	71	56	41	59	27	27	25	47	-	-	-	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments
724	736	678	589	608	696	691	664	633	525	1,064	1,016	975	728	-	-	-	882	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
108	133	136	175	88	86	82	91	81	110	111	75	67	49	65	56	43	69	98	170	46	52	179	122	124	97	123	69	27	88	46	48	49	52	8	13	5
Restricted cash
45	11	17	13	13	10	10	18	19	31	23	39	27	24	22	15	21	18	34	30	27	6	23	22	36	26	34	-	-	20	-	-	-	-	-	-	-
Accounts and Financing Receivable, after Allowance for Credit Loss
322	286	260	233	231	223	225	194	201	186	178	164	172	153	163	160	-	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loans held for sale, at fair value (pledged as collateral: $84,745 at March 31, 2016 and $112,743 at December 31, 2015)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	-	108	56	51	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	22	-	5	5	5	5	6	6	8
Notes receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	-	23	21	22	21	-	-	-	8	6	3	1	-	-	-	-	-	-	-	-
Accounts and premiums receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78	-	61	56	52	39	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Reinsurance Recoverables, Including Reinsurance Premium Paid
581	539	452	427	420	420	392	373	362	352	333	338	311	296	381	376	373	352	332	300	276	264	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Insurance policies and contracts acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	-	-	-	-	-	-	-	-	-	-
Deferred Policy Acquisition Cost
176	166	201	192	170	170	157	146	143	147	139	126	121	126	60	57	56	57	-	-	-	8	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-
Other receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	-	53	46	37	36	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Goodwill
163	99	99	91	91	91	91	91	91	91	-	-	-	92	-	-	-	-	93	92	92	-	4	4	4	1	4	-	-	3	-	-	-	-	-	-	-
Investments in loans, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	222	122	198	-	128	-	-	20	-	-	-	-	-	-	-
Loans owned, at amortized cost net of allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	55	42	-	32	-	-	5	-	-	-	-	-	-	-
Derivative financial instruments, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Investments in partially-owned entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2	8	8	9	11	2	2	8	2	2	2	2	29	29	39
Due from brokers, dealers, and trustees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Real estate, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	280	255	254	-	207	208	209	131	104	105	105	97	62	-	-	118	-	-	-	-	-	-	-
Goodwill and intangible assets, net
-	-	-	-	-	-	-	-	-	-	176	181	177	-	178	178	184	186	-	-	-	212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reinsurance receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	-	-	-	-	-	-	-	-	-
Management fee receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Policy loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94	92	99	-	104	-	-	99	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	5	2	2	4	-	-	5	-	-	-	-	-	-	-
Accrued interest and dividends receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	-	-
Intangible Assets, Net (Excluding Goodwill)
139	47	49	48	50	52	54	56	59	64	-	-	-	73	-	-	-	-	97	103	112	-	152	153	154	8	115	-	-	162	-	-	-	-	-	-	-
Identified intangible assets - leases in place, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	-	6	6	6	6	6	6	6
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Other assets
74	68	74	70	70	46	38	40	42	31	48	47	36	31	112	95	111	62	89	76	58	83	46	51	46	16	16	3	7	37	6	5	5	4	4	2	1
Separate account assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,461	4,799	4,675	-	4,353	-	-	4,035	-	-	-	-	-	-	-
Assets of consolidated CLOs
-	-	-	-	-	-	-	-	-	-	372	551	575	989	995	989	722	728	1,766	1,883	1,890	1,978	1,627	1,758	1,390	1,405	1,491	-	-	851	-	-	-	-	-	-	-
Disposal Group, Including Discontinued Operation, Assets
84	107	85	77	69	68	50	51	54	448	-	-	-	323	-	-	-	-	-	0	5,330	5,129	-	-	-	4,950	-	-	-	-	-	-	-	-	-	-	-
Total assets
2,422	2,198	2,056	1,920	1,814	1,864	1,796	1,729	1,688	1,989	2,448	2,541	2,466	2,890	2,866	2,704	2,599	2,494	3,498	3,372	8,456	8,204	7,048	7,378	6,955	6,872	6,604	142	208	5,533	187	189	192	194	178	163	166
Liabilities and Stockholders’ Equity
Liabilities:
Long-term Debt
433	374	329	296	282	354	365	366	320	346	865	821	751	554	-	-	-	666	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trading liabilities, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	22	23	-	-	-	-	19	-	-	-	-	-	-	-	-	-	-	-
Derivative financial instruments, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	0	-	0	-	-	3	-	-	-	-	0	0	2
U.S. Treasuries, short position
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	19	18	-	18	-	-	20	-	-	-	-	-	-	-
Debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	774	655	713	-	625	464	473	363	425	285	381	269	33	-	-	195	-	-	-	-	-	-	-
Unearned premiums
728	754	703	646	589	599	558	526	521	503	475	442	418	414	412	405	404	389	368	333	307	299	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense
195	144	134	128	130	131	124	122	117	112	110	110	104	103	101	97	89	80	-	-	-	63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	146	33	112	-	95	95	95	96	96	81	81
Loans payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	-	-	-	-	-	-	-	-	-	-
Policy liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	69	66	-	105	102	109	0	114	-	-	108	-	-	-	-	-	-	-
Deferred revenue
304	94	86	80	75	75	69	63	58	56	53	52	51	52	56	57	58	63	66	65	58	45	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Reinsurance payable
147	143	131	123	115	117	106	93	96	90	81	87	89	70	54	59	71	65	-	-	-	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	15	15	-	8	6	9	12	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	23	19	-	22	32	43	45	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Due to brokers, dealers and trustees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	71	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	-	1	1	1	2	1	1	1
Accrued expenses payable to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	-	0	0	0	1	0	0	0
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-
Other Liabilities
189	172	184	166	163	124	131	110	117	121	115	124	122	124	106	73	123	132	174	135	77	68	52	15	37	13	24	0	0	14	0	0	0	0	0	0	0
Separate account liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,461	4,799	4,675	-	4,353	-	-	4,035	-	-	-	-	-	-	-
Due to brokers, dealers and trustees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	-	-	-	-	-	-	-	-	-	-
Accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Liabilities of consolidated CLOs
-	-	-	-	-	-	-	-	-	-	354	510	535	931	943	936	694	698	1,725	1,835	1,795	1,877	1,417	1,522	1,167	1,336	1,250	-	-	620	-	-	-	-	-	-	-
Disposal Group, Including Discontinued Operation, Liabilities
79	102	79	72	64	62	45	46	49	362	-	-	-	247	-	-	0	-	0	0	5,203	5,006	-	-	-	4,836	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
2,078	1,786	1,649	1,513	1,420	1,465	1,400	1,328	1,281	1,592	2,057	2,150	2,073	2,499	2,485	2,323	2,190	2,097	3,092	2,966	8,059	7,803	6,500	6,817	6,390	6,475	6,048	37	116	4,998	97	97	97	100	99	83	85
Commitments and contingencies (see Note 23)
-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	0	0	0	-	0	0	0	0	0	0	0
Stockholders’ Equity:
Preferred stock: $0.001 par value, 100,000,000 shares authorized, none issued or outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	0	0	0	0
Additional paid-in capital
323	326	325	324	323	331	331	335	294	295	296	296	297	297	297	296	296	297	298	271	273	271	225	101	101	83	97	-	-	96	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income (Loss), Net of Tax
2	1	1	1	0	-2	-3	-2	-1	0	1	1	1	0	1	1	1	-0	0	-0	1	-0	0	0	0	0	0	-	-	0	-	-	-	-	-	-	-
Additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	84	-	84	83	84	83	83	83	83
Retained earnings
8	70	67	70	60	57	58	60	60	38	28	32	38	37	30	25	20	15	20	25	11	13	21	21	19	15	16	16	2	11	5	7	10	9	-4	-3	-2
Stockholders' Equity Attributable to Parent
333	398	394	396	383	387	386	393	320	300	291	290	294	293	286	287	318	312	319	296	285	284	247	122	121	98	114	105	91	108	89	91	94	93	79	79	80
Non-controlling interests
-	-	-	-	-	-	-	-	-	-	99	99	99	-	94	92	91	84	87	108	111	117	235	362	362	297	354	5	5	324	-	-	-	-	-	-	-
Appropriated retained earnings of consolidated TAMCO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	76	81	-	86	-	-	102	-	-	-	-	-	-	-
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
344	411	407	407	394	399	395	400	407	396	391	390	393	390	381	380	409	397	406	405	397	401	547	561	565	396	555	-	-	535	-	-	-	-	-	-	-
Total liabilities and stockholders’ equity
2,422	2,198	2,056	1,920	1,814	1,864	1,796	1,729	1,688	1,989	2,448	2,541	2,466	2,890	2,866	2,704	2,599	2,494	3,498	3,372	8,456	8,204	7,048	7,378	6,955	6,872	6,604	142	208	5,533	187	189	192	194	178	163	166
Common stock
Common stock
0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock - Class A
Common stock
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury Stock, Value
-	-	-	-	-	-	-	-	-	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock - Class B
Common stock
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury Stock, Value
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tiptree Financial Partners, L.P.
Non-controlling interests
-	-	-	-	-	-	-	-	-	77	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interests - other
Non-controlling interests
10	13	12	10	11	12	-	-	-	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-