Tiptree

Tiptree, Inc. is a holding company, which engages in the provision of specialty insurance and investment management services. It operates through the following segments: Insurance, Mortgage, and Other. The Insurance segment offers specialty insurance, warranty products, and related administration services. The Mortgage segment includes residential mortgage loans which are typically sold to secondary market investors, either servicing released or servicing retained. The Other segment refers to the asset management, mortgage operations of luxury, shipping operations, and other investments. The company was founded on March 19, 2007 is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Tiptree (TIPT) reports record revenues and dividend increase in Q4 2022

Tiptree's Q4 2022 performance reflects robust revenue growth, strong operational metrics, and a focus on shareholder value enhancement.
While challenges like market alignment and strategic planning exist, opportunities in expansion, IPO considerations, and financial optimization pave the way for future growth.
Overall, Tiptree's earnings call highlights a financially sound company poised for strategic growth and value creation in the market.

Tiptree's Fortegra excels in Q1 2023, driving long-term value

Tiptree's Q1 2023 earnings call showcased Fortegra's strong financial performance and Tiptree Capital's diversified investment approach.
While facing challenges in the mortgage segment, Tiptree remains optimistic about future value creation and long-term shareholder value appreciation.
The company's emphasis on maintaining a conservative risk profile and attractive returns positions it well for sustained growth and profitability.
Overall, Tiptree's performance highlights resilience, growth potential, and a strategic focus on creating long-term shareholder value.

Tiptree (TIPT) reports strong Q2 earnings driven by Fortegra's record results

Tiptree (TIPT) delivered a solid performance in Q2 2023, driven by robust results from Fortegra and positive contributions from Tiptree Capital and Reliance.
Efforts to enhance operational efficiency, focus on long-term value creation, and strategic capital allocation underscore Tiptree's commitment to sustainable growth.
While facing challenges in a competitive market and regulatory environment, Tiptree remains well-positioned to capitalize on opportunities for expansion and profitability.
Investors should closely monitor Fortegra's growth trajectory, operational metrics, and Tiptree's overall strategic direction for insights into future performance and value creation.

Tiptree plans Fortegra IPO after strong Q3 performance

Tiptree's Q3 earnings call highlighted strong performance by Fortegra Group and positive revenue growth, despite challenges in investment management.
The focus on creating value through underwriting income, fees, and investment returns, along with plans for the Fortegra IPO, underscores a strategic approach to long-term value building.
Opportunities lie in leveraging Fortegra's growth potential, disciplined underwriting in specialty insurance markets, and optimizing investment strategies for enhanced financial outcomes.

Tiptree reports robust 2023 performance, eyes growth amid challenges

Tiptree's strong financial performance in 2023, particularly in specialty insurance, sets a solid foundation for future growth.
While facing challenges in mortgage servicing, Tiptree's well-capitalized position and revenue growth offer opportunities for strategic expansion.
Overall, Tiptree's positive outlook and market positioning indicate a promising trajectory for continued success.

Tiptree (TIPT) posts robust Q1 earnings, eyes growth opportunities

Tiptree (TIPT) reported impressive Q1 2024 earnings, driven by strong revenue growth and solid performance across its insurance and investment segments. While challenges exist, the company's strategic deployments and record results position it well for future opportunities and growth.

Tiptree (TIPT) reports robust Q2 performance, eyes growth opportunities

Tiptree's Q2 2024 performance reflects strong financial health, particularly highlighted by Fortegra's record results and overall revenue growth.
Despite challenges in the mortgage sector, Tiptree's diversified business portfolio and effective risk management strategies have supported profitability.
Looking ahead, Tiptree remains optimistic about future prospects, leveraging its current strengths to pursue growth opportunities and enhance shareholder value.

Tiptree excels in Q3 with revenue surge and underwriting strength

Tiptree and Fortegra demonstrated strong financial performance and operational resilience in Q3 2024, driven by revenue growth and underwriting discipline.
While facing tax challenges, Tiptree's strategic focus on investments and business expansion positions it well for future growth and profitability.
By capitalizing on opportunities in profitable underwriting and shareholder value enhancement, Tiptree aims to sustain its positive momentum.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Tiptree, Inc. is a holding company, which engages in the provision of specialty insurance and investment management services. It operates through the following segments: Insurance, Mortgage, and Other. The Insurance segment offers specialty insurance, warranty products, and related administration services. The Mortgage segment includes residential mortgage loans which are typically sold to secondary market investors, either servicing released or servicing retained. The Other segment refers to the asset management, mortgage operations of luxury, shipping operations, and other investments. The company was founded on March 19, 2007 is headquartered in Greenwich, CT.

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (“Tiptree”) (NASDAQ:TIPT) today announced that its specialty insurance subsidiary, The Fortegra Group, Inc. (“Fortegra”) has publicly filed a Registration Statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering (“IPO”). Tiptree expects Fortegra's IPO to be a primary offering with the net proceeds used to execute its growth strategy and for working c.

Tiptree Announces Fortegra Filing of Registration Statement for Initial Public Offering

NEW YORK & GREENWICH, Conn.--(BUSINESS WIRE)--Corvid Peak Capital Management, a subsidiary of Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”) today reported that it has closed the previously announced acquisition of the Coherence Capital Management team (“Coherence”). Coherence and its founder, Sal Naro, manage a liquid long/short credit hedge fund strategy that includes the Coherence Long/Short Credit fund, which itself has an 11+ year track record. Mr. Naro brings over 40 years of exp.

Corvid Peak Capital Management Announces Closing of Coherence Capital Management Team Acquisition

Tiptree Inc. (NASDAQ:TIPT ) Q3 2023 Earnings Conference Call November 2, 2023 10:30 AM ET Company Participants Scott McKinney - CFO Michael G. Barnes - Executive Chairman Jonathan Ilany - CEO Conference Call Participants Operator Greetings and welcome to the Tiptree Third Quarter 2023 Earnings Conference Call.

Tiptree Inc. (TIPT) Q3 2023 Earnings Call Transcript

Tiptree reported strong Q3 earnings, with adjusted net earnings of $24 million. Fortegra continues to be the main driver of Tiptree's success, with earnings of $30 million and a 31.2% ROAE. Tiptree plans to IPO Fortegra, potentially valuing the company at around $2 billion and unlocking potentially 100% upside for shareholders.

Tiptree: Fortegra IPO Coming

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the third quarter 2023 and the intent to take our specialty insurance subsidiary, Fortegra, public. Tiptree expects the Fortegra IPO to be a primary offering with the proceeds used to support Fortegra's growth. Tiptree expects to maintain majority ownership of Fortegra and believes a Fortegra IPO will create a platform to serve the future capital needs of the bus.

Tiptree Announces Third Quarter 2023 Results and Intent to Take Fortegra Public

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Thursday, November 2, 2023 at 10:30 AM ET to discuss the Company's Q3 2023 results. A copy of the Q3 2023 investor presentation, to be used during the conference call, will be available in the Investor Relations section of the Company's website prior to the call, located at www.tiptreeinc.com. If you have a question for management that you would like answered on the call.

Tiptree to Hold Conference Call for Q3 2023 Results on Thursday, November 2, 2023

Tiptree, a specialty insurance company, has a minority interest from Warburg Pincus that values it higher than its current market value. The company is benefiting from higher insurance pricing and experiencing meaningful premium and profit growth, with the exception of limited profit growth in auto lines due to inflation. Tiptree's valuation is reasonable, especially considering the current market conditions and its growth in specialty markets.

Tiptree: Healthy Premium Remains On Extraordinary Growth

JACKSONVILLE, Fla. , Aug. 24, 2023 /PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra" or the "Company"), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced that Rick Kahlbaugh, President & CEO, and Abbie Taylor, COO, will participate in a fireside chat at the 2023 Keefe, Bruyette & Woods Insurance Conference on Wednesday, September 6, 2023, in New York City.

Fortegra CEO Rick Kahlbaugh and COO Abbie Taylor to speak at the 2023 Keefe, Bruyette & Woods Insurance Conference

JACKSONVILLE, Fla. , Aug. 15, 2023 /PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra" or the "Company"), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the appointment of Edward Peña as chief financial officer effective August 28, 2023.

New Hire Strengthens Fortegra's Executive Leadership Team

NEW YORK--(BUSINESS WIRE)--Corvid Peak Capital Management LLC (“Corvid Peak”), a subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree” or the “Company”) announced today that it has reached an agreement in principle for the Coherence Capital Management (“Coherence”) team of Lazard Asset Management to join Corvid Peak. Coherence manages a liquid long/short credit hedge fund strategy with approximately $150 million of assets under management, including the Coherence Long/Short Credit fund, which wa.

Corvid Peak Expands Asset Management Platform

Tiptree Inc. (NASDAQ:TIPT ) Q2 2023 Earnings Conference Call August 3, 2023 10:30 AM ET Company Participants Scott McKinney - CFO Michael Barnes - Executive Chairman Conference Call Participants Sidney Schultz - Raymond James Operator Greetings and welcome to the Tiptree's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Tiptree Inc. (TIPT) Q2 2023 Earnings Call Transcript

GAAP EPS of $.16 grows to ~.65/share on an adjusted basis when non-cash items such as deferred tax expense related to Warburg investment in Fortegra are backed out. Insurance business revenue grew 28% excluding the impact of investment gains and losses. Combined ratio of 90.5% helping drive insurance ROAE to over 32% for the quarter.

Tiptree: Another Quarter Ringing The Register

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three and six months ended June 30, 2023.   Three Months Ended June 30,   Six Months Ended June 30, ($ in thousands, except per share information)   2023       2022       2023       2022   Total revenues $ 404,518     $ 339,843     $ 786,143     $ 664,746   Net income (loss) attributable to common stockholders $ 5,989     $ (22,408 )   $ 4,927     $ (23,368 ).

Tiptree Reports Second Quarter 2023 Results

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Thursday, August 3, 2023 at 10:30 AM ET to discuss the Company's Q2 2023 results. A copy of the Q2 2023 investor presentation, to be used during the conference call, will be available in the Investor Relations section of the Company's website prior to the call, located at www.tiptreeinc.com. If you have a question for management that you would like answered on the call,.

Tiptree to Hold Conference Call for Q2 2023 Results on Thursday, August 3, 2023

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced that Scott McKinney, Chief Financial Officer, will participate in the virtual East Coast IDEAS Investor Conference on June 21, 2023. Tiptree's presentation is scheduled to be available at 6:00 am ET on June 21st and will be accessible through the conference website. The presentation will also be webcast and can be accessed through the conference website, the host's main website: www.IDEAS.

Tiptree Inc. to Present Virtually and Host 1x1 Investor Meetings at the 13th Annual East Coast IDEAS Investor Conference on June 21st

JACKSONVILLE, Fla. , May 23, 2023 /PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra" or the "Company"), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the appointments of Abigail (Abbie) Taylor as Chief Operating Officer and Joe Lettween as Chief Innovation, Data Science, and Technology Officer.

Fortegra Names Abbie Taylor and Joe Lettween to Executive Leadership Roles

Tiptree Inc. (NASDAQ:TIPT ) Q1 2023 Results Conference Call May 4, 2023 9:00 AM ET Company Participants Scott McKinney - CFO Michael Barnes - Executive Chairman Jonathan Ilany - CEO Operator Greetings, and welcome to the Tiptree First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Tiptree Inc. (TIPT) Q1 2023 Earnings Call Transcript

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three months ended March 31, 2023.   First Quarter   ($ in thousands, except per share information) 2023   2022   Total revenues $ 381,625     $ 324,903     Net income (loss) attributable to common stockholders $ (1,062 )   $ (960 )   Diluted earnings per share $ (0.03 )   $ (0.03 )   Cash dividends paid per common share $ 0.05     $ 0.04     Return on averag.

Tiptree Reports First Quarter 2023 Results

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Thursday, May 4, 2023 at 9:00 AM ET to discuss the Company's Q1 2023 results. A copy of the Q1 2023 investor presentation, to be used during the conference call, will be available in the Investor Relations section of the Company's website prior to the call, located at www.tiptreeinc.com. If you have a question for management that you would like answered on the call, plea.

Tiptree to Hold Conference Call for Q1 2023 Results on Thursday, May 4, 2023

Q4 and Full Year '22 earnings were negatively impacted by a non-cash tax charge related to Warburg's investment in Fortegra. The deferred tax liability might never be actually paid.

Tiptree: Worth Cutting Through The Noise

Tiptree Inc. (NASDAQ:TIPT ) Q4 2022 Earnings Conference Call March 9, 2023 9:00 AM ET Company Participants Scott McKinney - Deputy CFO Michael Barnes - Executive Chairman Sandra Bell - CFO Conference Call Participants Chris Colvin - Breach Inlet Capital Operator Greetings and welcome to Tiptree Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Tiptree Inc. (TIPT) Q4 2022 Earnings Call Transcript

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the quarter and year ended December 31, 2022. “2022 was a strong year for Tiptree, with our operating businesses performing well. Revenues for the year increased to a record $1.4 billion, while contributing an adjusted return on equity of 13.6%.

Tiptree Reports Fourth Quarter and 2022 Results

Relationship formalizes unique approach to program business with experienced underwriters Adam Tyburski and Laurence Bunin JACKSONVILLE, Fla. , March 2, 2023 /PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra"), a global specialty insurer, and subsidiary of Tiptree Inc. (NASDAQ: TIPT), announced today a collaboration with Adlaur LLC ("Adlaur"), the newly created entity led by former Spinnaker Insurance Company executives Adam Tyburski and Laurence Bunin.

Fortegra To Provide Underwriting Capacity to Newly Formed Adlaur LLC

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Thursday, March 9, 2023 at 9:00 AM ET to discuss the Company's Q4 and FY2022 results. A copy of the Q4 and FY2022 investor presentation, to be used during the conference call, will be available in the Investor Relations section of the Company's website prior to the call, located at www.tiptreeinc.com.

Tiptree to Hold Conference Call for Q4 and FY2022 Results on Thursday, March 9, 2023

Partnership expands Fortegra's Automotive Market Solutions in the U.K. and Ireland   LONDON , Feb. 9, 2023 /PRNewswire/ -- The Fortegra Group, Inc. ("Fortegra"), a global specialty insurer, and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced it has acquired a majority interest in Premia Solutions Limited (Premia), one of the largest United Kingdom-based intermediaries and a trusted provider of automotive protection products. The deal continues Fortegra's rapid growth across Europe and the U.K., a region it expanded to in 2017.

News for Tiptree Stock (TIPT)