Consolidated Statements of Cash Flow - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2017		Sep. 30, 2016
Operating Activities:
Net income (loss) available to common stockholders		$ (6,457)		$ 17,593
Net income (loss)		(7,360)		22,273
Net realized and unrealized gains (losses)		35,183		65,954
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Net unrealized loss (gain) on interest rate swaps		(67)		1,233
Change in fair value of contingent consideration		3,192		(262)
Impairment of goodwill		0		0
Non cash compensation expense		4,275		1,696
Accretion (Amortization) of Discounts and Premiums, Investments		971		1,094
Depreciation and amortization expense		24,120		21,899
Provision for doubtful accounts		967		1,321
Amortization of deferred financing costs		2,178		1,326
(Gain) loss on sale of loans held for sale	[1]	(47,237)		(48,412)
Deferred tax expense (benefit)		(2,371)		(327)
Mortgage loans originated for sale		(1,151,150)		(1,258,931)
Proceeds from the sale of mortgage loans originated for sale		1,205,868		1,259,091
(Increase) decrease in notes and accounts receivable		(26,262)		(16,964)
(Increase) decrease in reinsurance receivables		(33,312)		(28,237)
(Increase) decrease in deferred acquisition costs		(12,863)		(2,292)
(Increase) decrease in other assets		(8,205)		(2,223)
Increase (decrease) in unearned premiums		59,481		22,934
Increase (decrease) in policy liabilities and unpaid claims		4,666		21,250
Increase (decrease) in deferred revenue		1,267		(6,810)
Increase (Decrease) in Reinsurance Payables		11,299		(11,772)
Increase (decrease) in other liabilities and accrued expenses		(14,297)		12,499
Operating activities from consolidated CLOs		(2,684)		(3,505)
Net cash provided by (used in) operating activities		24,530		(30,661)
Investing Activities:
Purchases of investments		(147,764)		(178,599)
Proceeds from sales and maturities of investments		201,754		159,773
(Increase) decrease in loans owned, at amortized cost, net		(37,166)		(44,640)
Purchases of real estate capital expenditures		(463)		(4,372)
Proceeds from Sale of Real Estate Held-for-investment		11,396		2,526
Purchases of corporate fixed assets		(1,616)		(991)
Proceeds from Divestiture of Interest in Consolidated Subsidiaries		4,846	[2]	0
Proceeds from notes receivable		40,273		25,193
Issuance of notes receivable		(35,109)		(32,137)
(Increase) decrease in restricted cash		1,072		(3,315)
Business and asset acquisitions, net of cash and deposits		(75,489)		(81,183)
Investing activities from consolidated CLOs		224,107		(96,834)
Net cash provided by (used in) investing activities		185,841		(254,579)
Financing Activities:
Dividends paid		(2,604)		(2,482)
Non-controlling interest contributions		2,464		3,050
Non-controlling interest distributions		(1,657)		(2,059)
Payment of debt issuance costs		(1,738)		(2,508)
Proceeds from borrowings and mortgage notes payable		1,297,203		1,477,446
Principal paydowns of borrowings and mortgage notes payable		(1,232,705)		(1,368,585)
Proceeds from the exercise of options for common stock		8,100		0
Repurchase of common stock		(7,300)		(43,754)
Financing activities from CLOs		(223,393)		220,727
Net cash provided by financing activities		(161,630)		281,835
Net increase in cash		48,741		(3,405)
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		111,751		65,995
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		9,793		10,288
Noncash or Part Noncash Acquisition, Real Estate Acquired		8,178		0
Finite-lived Intangible Assets Acquired		2,049		0
Asses Divested from Deconsolidation		407,323		0
Liabilities Divested from Deconsolidation		389,333		0
Contingent Consideration at Fair Value Recognized		4,838		0
Noncontrolling interest
Operating Activities:
Net income (loss) attributable to noncontrolling interests		(903)		4,680
Tiptree Financial Partners, L.P. | Noncontrolling interest
Operating Activities:
Net income (loss) attributable to noncontrolling interests		(1,432)		4,660
Net income (loss)		(1,432)		4,660
Noncontrolling interests - other | Noncontrolling interest
Operating Activities:
Net income (loss) attributable to noncontrolling interests		529		20
Net income (loss)		$ 529		$ 20

[1] Related to the Company’s specialty finance business.

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