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Mar 31, 2021
Tiptree Q1 2021 Earnings Report
Reported record revenues and net income.
Key Takeaways
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.
Revenues increased by 127.3% to $294.7 million due to growth in insurance and mortgage operations, and net realized and unrealized gains.
Net income was $28.6 million, a significant increase from the prior year's net loss.
Adjusted net income increased by 90.5% to $13.2 million, driven by improvements in insurance and mortgage operations.
Book value per share increased by 21.2% from the prior year to $11.63, driven by net income and share repurchases.
Forward Guidance
This release contains forward-looking statements which involve risks, uncertainties and contingencies, many of which are beyond the Company’s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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