Tiptree Q4 2023 Earnings Report
Key Takeaways
Tiptree Inc. reported a strong fourth quarter in 2023, with revenues increasing by 20.8% to $446.4 million and net income rising to $6.9 million. The growth was primarily driven by Fortegra's specialty insurance lines. The company's adjusted net income also increased by 43.1% to $13.9 million.
Revenues increased by 20.8% to $446.4 million, driven by growth in Fortegra’s specialty insurance lines.
Net income increased to $6.9 million, driven by growth in the insurance business.
Adjusted net income increased by 43.1% to $13.9 million, driven by growth in insurance operations.
A dividend of $0.06 per share was declared, representing a 20% increase.
Tiptree
Tiptree
Tiptree Revenue by Segment
Forward Guidance
The company sees significant opportunities to expand its businesses and remains confident in its long-term outlook.