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Dec 31, 2019
Tiptree Q4 2019 Earnings Report
Reported an increase in revenues and net income compared to the same quarter last year.
Key Takeaways
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.
Revenues for Q4 2019 were $208.5 million, up 36.8% from Q4 2018.
Net income for Q4 2019 was $4.2 million, compared to $0.1 million in Q4 2018.
Operating EBITDA for Q4 2019 was $21.0 million, a 26.5% increase from Q4 2018.
Book value per share as of December 31, 2019, was $11.52, representing an 8.2% year-over-year return including dividends paid.