Consolidated Statements of Cash Flow - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017		Jun. 30, 2016
Operating Activities:
Net income (loss) available to common stockholders	$ (3,343)		$ 11,688
Net income (loss)	(3,982)		14,435
Net realized and unrealized (losses) gains	27,657		39,739
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Net unrealized loss (gain) on interest rate swaps	(25)		1,364
Change in fair value of contingent consideration	3,615		(212)
Impairment of goodwill	0		0
Non cash compensation expense	3,140		1,028
Accretion (Amortization) of Discounts and Premiums, Investments	686		774
Depreciation and amortization expense	16,232		15,462
Provision for doubtful accounts	378		892
Amortization of deferred financing costs	1,426		839
(Gain) loss on sale of loans held for sale	(30,761)		(28,367)
Deferred tax expense (benefit)	(339)		(3,412)
Mortgage loans originated for sale	(720,123)		(723,240)
Proceeds from the sale of mortgage loans originated for sale	779,304		749,395
(Increase) decrease in notes and accounts receivable	(12,032)		(16,859)
(Increase) decrease in reinsurance receivables	(39,010)		(23,723)
(Increase) decrease in deferred acquisition costs	(326)		295
(Increase) decrease in other assets	(5,040)		2,836
Increase (decrease) in unearned premiums	26,866		15,820
Increase (decrease) in policy liabilities and unpaid claims	4,633		16,948
Increase (decrease) in deferred revenue	281		(6,303)
Increase (Decrease) in Reinsurance Payables	16,991		(6,672)
Increase (decrease) in other liabilities and accrued expenses	(16,347)		345
Operating activities from consolidated CLOs	(1,452)		(4,027)
Net cash provided by (used in) operating activities	27,219		(3,754)
Investing Activities:
Purchases of investments	(73,541)		(101,881)
Proceeds from sales and maturities of investments	122,220		97,004
(Increase) decrease in loans owned, at amortized cost, net	(2,001)		(23,251)
Purchases of real estate capital expenditures	(359)		(3,109)
Proceeds from Sale of Real Estate Held-for-investment	6,510		856
Purchases of corporate fixed assets	(1,340)		(572)
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	4,846	[1]	0
Proceeds from notes receivable	27,678		15,991
Issuance of notes receivable	(27,635)		(19,297)
(Increase) decrease in restricted cash	(14,857)		3,716
Business and asset acquisitions, net of cash and deposits	(75,782)		(52,729)
Investing activities from consolidated CLOs	48,470		(98,436)
Net cash provided by (used in) investing activities	14,209		(181,708)
Financing Activities:
Dividends paid	(1,706)		(1,748)
Non-controlling interest contributions	2,464		2,930
Non-controlling interest distributions	(1,130)		(959)
Payment of debt issuance costs	(1,267)		(722)
Proceeds from borrowings and mortgage notes payable	822,119		860,366
Principal paydowns of borrowings and mortgage notes payable	(800,944)		(872,063)
Proceeds from the exercise of options for common stock	8,100		0
Repurchase of common stock	(7,300)		(37,604)
Financing activities from CLOs	(49,010)		222,043
Net cash provided by financing activities	(28,674)		172,243
Net increase in cash	12,754		(13,219)
Cash and cash equivalents – unrestricted – beginning of period - continuing operations	63,010		69,400
Cash and cash equivalents of continuing operations – unrestricted – end of period	75,764		56,181
Noncash investing and financing activities:
Noncash or Part Noncash Acquisition, Debt Assumed	7,586		0
Acquired real estate properties through, or in lieu of, foreclosure of the related loan	6,976		5,761
Noncash or Part Noncash Acquisition, Real Estate Acquired	8,178		0
Finite-lived Intangible Assets Acquired	2,049		0
Asses Divested from Deconsolidation	405,263		0
Liabilities Divested from Deconsolidation	387,273		0
Noncontrolling interest
Operating Activities:
Net income (loss) attributable to noncontrolling interests	(639)		2,747
Tiptree Financial Partners, L.P. | Noncontrolling interest
Operating Activities:
Net income (loss) attributable to noncontrolling interests	(837)		3,298
Net income (loss)	(837)		3,298
Noncontrolling interests - other | Noncontrolling interest
Operating Activities:
Net income (loss) attributable to noncontrolling interests	198		(551)
Net income (loss)	$ 198		$ (551)

[1] Represents the final payment received for the sale of Philadelphia Financial Group in 2015.