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Dec 31, 2021
Tiptree Q4 2021 Earnings Report
Tiptree's financial performance reflected growth in revenues and adjusted net income, driven by insurance and shipping operations, though offset by declines in mortgage income and lower investment performance.
Key Takeaways
Tiptree Inc. reported a mixed Q4 2021, with revenues increasing by 24.1% but a net loss of $0.4 million compared to a net income of $14.3 million in Q4 2020. Adjusted net income saw a slight increase of 4.1%, driven by growth in insurance and shipping operations. The company's insurance segment, Fortegra, continued to perform strongly, while mortgage income declined.
Revenues increased by 24.1% compared to Q4 2020, reaching $319.5 million.
Net loss was $0.4 million, a decline from the $14.3 million net income in Q4 2020.
Adjusted net income increased by 4.1% to $16.9 million, driven by insurance and shipping.
Corporate expenses increased due to higher stock-based compensation expense.
Forward Guidance
Tiptree expects to continue growing its businesses and achieving superior results for its shareholders, with a focus on increasing the share price to reflect the company's intrinsic value.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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