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Jun 30, 2023
Tiptree Q2 2023 Earnings Report
Reported record revenues, increased net income, and declared a dividend.
Key Takeaways
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.
Record revenues of $404.5 million, up 19.0% from Q2'22, driven by growth in Fortegra’s specialty insurance lines.
Net income of $6.0 million compared to net loss of $22.4 million in Q2'22, driven by growth in our insurance business.
Adjusted net income of $23.8 million increased by 70.2% from $14.0 million in Q2'22, driven by growth in our insurance operations.
Declared a dividend of $0.05 per share to stockholders of record on August 21, 2023 with a payment date of August 28, 2023.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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