Tiptree

Nov 03, 2021

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Sep 30, 2021

Tiptree Q3 2021 Earnings Report

Reported third quarter results, reflecting strength and diversification of underlying operating businesses.

Key Takeaways

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.

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 driven by mark to market unrealized losses in our equity position in Invesque.

Adjusted net income of $20.7 million for the quarter, an increase of 16.4% from prior year.

Declared a dividend of $0.04 per share to stockholders of record on November 22, 2021 with a payment date of November 29, 2021.