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Jun 30, 2020

Tiptree Q2 2020 Earnings Report

Reported an increase in revenues and operating EBITDA driven by improved performance in Tiptree Capital.

Key Takeaways

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.

Revenues increased by 4.2% to $199.2 million.

Operating EBITDA increased by 74.8% to $22.2 million.

Book value per share was $9.97 as of June 30, 2020, a decrease of 11.7%.

A dividend of $0.04 per share was declared.

Total Revenue
$199M
Previous year: $191M
+4.3%
EPS
$0.1
Previous year: $0.32
-68.8%
Operating EBITDA
$22.2M
Previous year: $12.7M
+74.8%
Gross Profit
$199M
Previous year: $191M
+4.3%
Cash and Equivalents
$80.6M
Previous year: $176M
-54.2%
Free Cash Flow
$33.5M
Previous year: $7.2M
+365.1%
Total Assets
$2.48B
Previous year: $1.92B
+29.2%

Tiptree

Tiptree

Tiptree Revenue by Segment

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income