Certain prior period amounts have been reclassified to conform to the current year presentation. These amounts are identified under the reclassification heading in the tables below.



For the three months ended March 31, 2014
	As previously filed		Out of period adjustments		ASU 2014-13 adoption		Discontinued operations			Reclassifications			As adjusted			Notes
Revenues:
Net realized (loss) gain on investments	$	142	$	—	$	—	$	(5	)	$	(137	)	$	—
Change in unrealized appreciation on investments	516		—		—		—			(516		)	—
Income from investments in partially owned entities	344		—		—		—			(344		)	—
Net realized and unrealized gains	1,002		—		—		(5		)	(997		)	—
Investment income:
Net realized and unrealized gains from investments	—		—		—		—			989			989			(2), (3)
Interest income	5,363		—		—		(1,188		)	(183		)	3,992			(1	)
Net Credit derivative revenue (loss)	—		—		—		—			(264		)	(264		)	(3	)
Separate account fees	5,487		—		—		(5,487		)	—			—
Administrative service fees	12,352		—		—		(12,352		)	—			—
Loan fee income	—		—		—		—			429			429			(1	)
Rental revenue	4,446		—		—		—			10			4,456
Gain on sale of loans held for sale, net	952		—		—		—			23			975
Other income	730		—		—		(1		)	(440		)	289			(1	)
Total investment income	29,330		—		—		(19,028		)	564			10,866
Total net realized and unrealized gains and investment income	30,332		—		—		(19,033		)	(433		)	10,866			(1	)



For the three months ended March 31, 2014
	As previously filed			Out of period adjustments			ASU 2014-13 adoption			Discontinued operations			Reclassifications			As adjusted			Notes
Total revenue	$	30,332		$	—		$	—		$	(19,033	)	$	(433	)	$	10,866
Expenses:
Interest expense	5,962			—			—			(2,914		)	(234		)	2,814			(3	)
Payroll expense	10,570			—			—			(5,283		)	428			5,715			(1	)
Professional fees	1,090			—			—			(190		)	174			1,074			(1	)
Change in future policy benefits	1,125			—			—			(1,125		)	—			—
Mortality expenses	2,642			—			—			(2,642		)	—			—
Commission expense	984			—			—			(574		)	(410		)	—			(1	)
Depreciation and amortization expenses	1,563			852			—			(803		)	56			1,668			(1	)
Other expenses	6,156			—			—			(3,131		)	(447		)	2,578			(1	)
Total expenses	30,092			852			—			(16,662		)	(433		)	13,849
Results of consolidated CLOs:
Income attributable to consolidated CLOs	11,986			—			2,629			—			—			14,615
Expenses attributable to consolidated CLOs	13,992			—			(4,020		)	—			—			9,972
Net (loss) income attributable to consolidated CLOs	(2,006		)	—			6,649			—			—			4,643
(Loss) income before taxes from continuing operations	(1,766		)	(852		)	6,649			(2,371		)	—			1,660
Provision (benefit) for income taxes	429			—			—			(1,081		)	—			(652		)
(Loss) income from continuing operations	(2,195		)	(852		)	6,649			(1,290		)	—			2,312
Discontinued operations:
Income from discontinued operations, net	—			—			—			1,290			—			1,290
Discontinued operations, net	—			—			—			1,290			—			1,290
Net (loss) income before noncontrolling interest	(2,195		)	(852		)	6,649			—			—			3,602
Less: net income attributable to noncontrolling interests	298			—			—			—			(298		)	—			(1	)
Less net (loss) income attributable to VIE subordinated noteholders	(3,518		)	—			3,518			—			—			—
Less: net (loss) income attributable to noncontrolling interests - Tiptree Financial Partners, L.P.	—			(508		)	2,814			—			—			2,306			(1	)
Less: net (loss) income attributable to noncontrolling interests - Other	—			(170		)	(458		)	—			298			(330		)	(1	)



For the three months ended March 31, 2014
	As previously filed		Out of period adjustments			ASU 2014-13 adoption		Discontinued operations			Reclassifications		As adjusted		Notes
Net income available to common stockholders	$	1,025	$	(174	)	$	775	$	—		$	—	$	1,626

Basic, continuing operations, net	$	0.10	$	(0.02	)	$	0.07	$	(0.03	)	$	—	$	0.12
Basic, discontinued operations, net	—		—			—		0.03			—		0.03
Net income basic	$	0.10	$	(0.02	)	$	0.07	$	—		$	—	$	0.15

Diluted, continuing operations, net	$	0.10	$	(0.02	)	$	0.07	$	(0.03	)	$	—	$	0.12
Diluted, discontinued operations, net	—		—			—		0.03			—		0.03
Net income, diluted	$	0.10	$	(0.02	)	$	0.07	$	—		$	—	$	0.15

Notes:

(1) Prior period information reclassified to conform to the current year presentation.

(2) Collapse of line items presented individually for the first quarter of 2014.


(3)	Net credit derivative income (loss) associated with master netting agreement (see Note 14—Derivative Financial Instruments and Hedging).