Tiptree Earnings Reports

Tiptree Inc. announced its financial results for the first quarter 2024, featuring a 30.6% increase in revenues to $498.2 million, driven by growth in Fortegra's specialty insurance lines, investment gains, and higher mortgage revenues. Net income was $9.1 million, a significant improvement from the previous year's net loss of $1.1 million. Adjusted net income increased by 63.5% to $20.5 million, with an annualized adjusted return on average equity of 19.5%.

Tiptree Inc. reported a strong fourth quarter in 2023, with revenues increasing by 20.8% to $446.4 million and net income rising to $6.9 million. The growth was primarily driven by Fortegra's specialty insurance lines. The company's adjusted net income also increased by 43.1% to $13.9 million.

Tiptree Inc. reported a revenue increase of 14.6% to $416.5 million, primarily driven by Fortegra's specialty insurance lines. Adjusted net income rose by 23.9% to $24.0 million. The company is planning an IPO for its Fortegra subsidiary.

Tiptree reported record revenues of $404.5 million, a 19% increase year-over-year, driven by growth in Fortegra's specialty insurance lines. Net income was $6.0 million, compared to a net loss of $22.4 million in the same quarter last year. The company declared a dividend of $0.05 per share.

Tiptree Inc. reported a revenue increase of 17.5% year-over-year, driven by growth in Fortegra's specialty insurance lines. However, the company experienced a net loss of $1.1 million, although adjusted net income increased by 11.9% to $17.3 million.

Tiptree Inc. reported a revenue increase of 15.6% to $369.5 million for the quarter. Net income was $0.9 million, and adjusted net income was $14.6 million. The company completed the sale of two product tankers for $49.0 million, realizing a gain of $13.6 million.

Tiptree Inc. reported a strong third quarter with a 26.8% increase in revenues to $363.5 million and a net income of $14.2 million, driven by growth in Fortegra's specialty insurance lines and increased vessel revenues. The company completed the sale of two dry bulk vessels for $46.2 million and signed agreements to sell two product tankers for $49.0 million.

Tiptree Inc. reported a net loss of $22.4 million for Q2 2022, driven by deferred tax liability and unrealized losses on investments. However, adjusted net income increased by 6.6% to $14.0 million, driven by growth in specialty insurance and shipping operations. Revenues increased by 13.4% to $339.8 million.

Tiptree Inc. reported revenues of $324.9 million, a 10.3% increase from Q1 2021. However, the company experienced a net loss of $1.0 million compared to a net income of $28.6 million in the same period last year. Adjusted net income increased by 17.5% to $15.5 million.

Tiptree Inc. reported a mixed Q4 2021, with revenues increasing by 24.1% but a net loss of $0.4 million compared to a net income of $14.3 million in Q4 2020. Adjusted net income saw a slight increase of 4.1%, driven by growth in insurance and shipping operations. The company's insurance segment, Fortegra, continued to perform strongly, while mortgage income declined.

Tiptree Inc. reported revenues for the quarter of $286.6 million, an increase of 27.9% from 2020. Net income for the quarter was $2.0 million, a decrease from $12.8 million in 2020. Adjusted net income of $20.7 million for the quarter, an increase of 16.4% from prior year.

Tiptree Inc. reported a strong second quarter with a 50.4% increase in revenues and an increase in net income. The insurance and mortgage operations were key drivers of this growth. The company is optimistic about its position for the second half of 2021.

Tiptree Inc. reported a significant increase in revenues and net income for Q1 2021. Revenues increased by 127.3% to $294.7 million, and net income was $28.6 million, a substantial improvement from the net loss in Q1 2020. Adjusted net income also rose by 90.5% to $13.2 million.

Tiptree Inc. reported Q4 2020 revenues of $257.4 million, a 23.4% increase from Q4 2019. Net income for Q4 2020 was $14.3 million, up from $4.2 million in Q4 2019. Adjusted net income for the quarter was $16.2 million, a 54.2% increase from Q4 2019. The company declared a dividend of $0.04 per share.

Tiptree Inc. reported a strong Q3 2020 with revenues up 18.4% year-over-year to $224.0 million and operating EBITDA increasing by 84.4% to $31.9 million. Net income attributable to common stockholders was $12.8 million, a significant increase from the prior year. Book value per share stood at $10.36 as of September 30, 2020.

Tiptree reported Q2 2020 financial results with revenues of $199.2 million, up 4.2% from the prior year period. Operating EBITDA increased by 74.8% to $22.2 million, driven by improved performance in Tiptree Capital. The company declared a dividend of $0.04 per share.

Tiptree Inc. reported a decrease in revenues of $129.7 million, primarily due to net unrealized losses of $83.9 million on investments. However, excluding these losses, revenues increased by 18.7%, and Operating EBITDA increased by 25.4%. The company's book value per share decreased by 15.2% to $9.73, and a dividend of $0.04 per share was declared.

Tiptree reported Q4 2019 revenues of $208.5 million, a 36.8% increase year-over-year, and net income of $4.2 million, up from $0.1 million in Q4 2018. The growth was driven by the Insurance operations and improved returns in Tiptree Capital.