Tiptree Q4 2021 Earnings Report
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.
Tiptree
Tiptree
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.