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Dec 31, 2020
Tiptree Q4 2020 Earnings Report
Reported financial results for the quarter and year ended December 31, 2020.
Key Takeaways
Tiptree Inc. reported Q4 2020 revenues of $257.4 million, a 23.4% increase from Q4 2019. Net income for Q4 2020 was $14.3 million, up from $4.2 million in Q4 2019. Adjusted net income for the quarter was $16.2 million, a 54.2% increase from Q4 2019. The company declared a dividend of $0.04 per share.
Revenues for the quarter increased by 23.4% compared to the same period last year.
Net income for the quarter rose significantly, driven by improved performance in insurance and mortgage operations.
Adjusted net income saw a substantial increase, reflecting growth in revenues and margin improvement.
A dividend of $0.04 per share was declared.
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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