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Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Total Tiptree Inc. stockholders’ equity
Common stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
Adoption of accounting standard
[1]
Retained earnings
Retained earnings
Adoption of accounting standard
[1]
Non-controlling interests
Non-controlling interests
Fortegra preferred interests
Non-controlling interests
Common interests
Beginning balance (in shares) at Dec. 31, 2019     34,562,553                
Beginning balance at Dec. 31, 2019 $ 411,415 $ 398,062 $ 35 $ 326,140 $ 1,698 $ 42 $ 70,189 $ (42)   $ 0 $ 13,353
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Amortization of share-based incentive compensation 7,571 3,441   3,441             4,130
Vesting of share-based incentive compensation (in shares) [2]     504,195                
Vesting of share-based incentive compensation [2] (2,123) 100   100             (2,223)
Shares purchased under stock purchase plan (in shares)     (2,384,286)                
Shares purchased under stock purchase plan (13,889) (13,889) $ (2) (13,887)              
Non-controlling interest distributions (2,034) (645)   (645)             (1,389)
Net change in non-controlling interests and other (560) (135)   (135)             (425)
Common stock dividends declared (5,566) (5,566)         (5,566)        
Other comprehensive income (loss), net of tax 3,949 3,934     3,934           15
Net income (loss) (25,225) (29,158)         (29,158)       3,933
Ending balance (in shares) at Dec. 31, 2020     32,682,462                
Ending balance at Dec. 31, 2020 373,538 356,144 $ 33 315,014 5,674   35,423     0 17,394
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Amortization of share-based incentive compensation 4,056 2,331   2,331             1,725
Vesting of share-based incentive compensation (in shares)     596,601                
Vesting of share-based incentive compensation (1,253) 3,563   3,563             (4,816)
Shares issued in exchange for vested subsidiary awards (in shares) [3]     1,166,307                
Shares issued in exchange for vested subsidiary awards [3] (1,458) 107 $ 2 105             (1,565)
Shares purchased under stock purchase plan (in shares)     (528,662)                
Shares purchased under stock purchase plan (2,882) (2,882) $ (1) (2,881)              
Shares issued upon exercise of warrants (in shares)     207,445                
Repurchase of vested subsidiary awards (1,079) (770)   (770)             (309)
Non-controlling interest contributions 100                   100
Non-controlling interest distributions (1,095)                   (1,095)
Net change in non-controlling interests and other 0 97   97             (97)
Common stock dividends declared (5,409) (5,409)         (5,409)        
Other comprehensive income (loss), net of tax (8,388) (8,359)     (8,359)           (29)
Net income (loss) 44,051 38,132         38,132       5,919
Ending balance (in shares) at Dec. 31, 2021     34,124,153                
Ending balance at Dec. 31, 2021 400,181 382,954 $ 34 317,459 (2,685)   68,146     0 17,227
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Amortization of share-based incentive compensation 7,469 6,600   6,600             869
Vesting of share-based incentive compensation (in shares)     292,548                
Vesting of share-based incentive compensation (1,258) (172)   (172)             (1,086)
Shares issued in exchange for vested subsidiary awards (in shares) [4]     114,353                
Shares issued in exchange for vested subsidiary awards [4] (181) 866   866             (1,047)
Shares purchased under stock purchase plan (in shares)     (165,040)                
Shares purchased under stock purchase plan (1,727) (1,727)   (1,727)              
Shares issued upon exercise of warrants (in shares)     1,999,989                
Shares issued upon exercise of warrants 13,724 13,724 $ 2 13,722              
Shares issued upon exercise of options (in shares)     19,296                
Transfer of liability awards 4,847 4,847   4,847              
WP Transaction 167,008 48,285   41,092 7,193       $ 118,723 77,679 41,044
Non-controlling interest contributions 250                   250
Non-controlling interest distributions (3,939)                   (3,939)
Net change in non-controlling interests and other 449 (42)   (42)         $ 491    
Common stock dividends declared (5,759) (5,759)         (5,759)        
Other comprehensive income (loss), net of tax (47,668) (43,937)     (43,937)           (3,731)
Subsidiary preferred dividends declared (3,384) (3,384)         (3,384)        
Net income (loss) 3,561 (4,890)         (4,890)       8,451
Ending balance (in shares) at Dec. 31, 2022     36,385,299                
Ending balance at Dec. 31, 2022 $ 533,573 $ 397,365 $ 36 $ 382,645 $ (39,429)   $ 54,113     $ 77,679 $ 58,529
[1] Amounts reclassified due to adoption of ASU 2016-13. See Note (2) Summary of Significant Accounting Policies.
[2] Includes subsidiary RSU exchanges. See Note (19) Stock Based Compensation.
[3] Exchange included $1,458 in cash.
[4] Exchange included $181 in cash