Investment Income and Net Realized and Unrealized Gains and Losses (Tables)

3 Months Ended

Mar. 31, 2019

Income Statement [Abstract]

Investment Income

The following tables present the components of net investment income by source of income:

	Three Months Ended   March 31,
	2019		2018
Interest:
Available for sale securities, at fair value	$	2,127	$	1,219
Loans, at fair value	1,831		2,472
Other investments	104		342
Dividends from equity securities	574		390
Other	—		97
Subtotal	4,636		4,520
Less: investment expenses	335		315
Net investment income	$	4,301	$	4,205

Other Investment Income - Tiptree Capital

Other investment income represents other income from other Tiptree non-insurance activities as disclosed within other revenue on the condensed consolidated statements of operations, see Note (15) Other Revenue, Other Expenses and Other Income. The following tables present the components of other investment income by type:

	Three Months Ended   March 31,
	2019		2018
Interest income:
Loans, at fair value	$	1,360	$	873
Other	130		254
Dividends from equity securities	2,533		1,663
Loan fee income:
Loans, at fair value	2,239		2,318
Charter revenue from vessels	3,619		—
Other investment income	$	9,881	$	5,108

Net realized and unrealized gain (losses)

Net realized and unrealized gains (losses)

The following table presents the components of net realized and unrealized gains (losses) recorded on the condensed consolidated statements of operations. Net unrealized gains (losses) on available for sale securities are included within other comprehensive income, and as such, are not included in this table:

	Three Months Ended   March 31,
	2019			2018
Net realized gains (losses)
Specialty Insurance:
Reclass of unrealized gains (losses) on AFS from OCI	$	(5	)	$	(527	)
Net gains (losses) on loans	(278		)	1,247
Net gains (losses) on equity securities	482			2,574
Other	—			1,845
Tiptree Capital:
Net gains (losses) on loans	13,587			15,796
Total net realized gains (losses)	13,786			20,935
Net unrealized gains (losses)
Specialty Insurance:
Net change in unrealized gains (losses) on loans	224			(453		)
Net unrealized gains (losses) on equity securities held at period end	1,760			(5,926		)
Reclass of unrealized (gains) losses from prior periods for equity securities sold	(403		)	(2,167		)
Other	334			—
Tiptree Capital:
Net change in unrealized gains (losses) on loans	23			(1,043		)
Net unrealized gains (losses) on equity securities held at period end	2,061			(3,178		)
Other	2,366			(784		)
Total net unrealized gains (losses)	6,365			(13,551		)
Total net realized and unrealized gains (losses)	$	20,151		$	7,384