Tiptree Inc.

Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company operates in two segments, Insurance and Mortgage. It offers niche commercial and personal lines insurance, credit insurance and collateral protection products, and warranty and service contract products and solutions, as well as premium finance services. The company also offers mortgage loans for institutional investors; and maritime shipping services, as well as invests in shares. It markets its products through a network of independent insurance agents, consumer finance companies, auto dealers, retailers, brokers, and managing general agencies. The company was formerly known as Tiptree Financial Inc. and changed its name to Tiptree Inc. in December 2016. Tiptree Inc. was incorporated in 2007 and is based in New York, New York.

Tiptree Inc. (NASDAQ: TIPT) is a holding company that allocates capital across a broad spectrum of businesses, assets and other investments. Our principal operating business, Fortegra, is a specialty insurance underwriter and service provider, which focuses on niche business lines and fee-oriented services. We also allocate capital to a diverse group of businesses and investments that we refer to as Tiptree Capital. For more information, please visit www.tiptreeinc.com.

Yesterday, we announced our first quarter earnings, where we were pleased with Tiptree Inc.'s start to 2023, despite continuing uncertainty regarding interest rates and inflation.

Once again, our specialty insurance business, Fortegra, delivered exceptional growth and our balance sheet remains well positioned. With significant cash balances on hand, we continue to look for opportunities to generate long-term, absolute returns.

More on our first quarter earnings here: https://lnkd.in/esWRm4cq

Today, Tiptree Inc. announced its fourth quarter and total year 2022 earnings. 
 
Executive Chairman, Michael Barnes said, “2022 was a strong year for Tiptree, with our operating businesses performing well. Revenues for the year increased to a record $1.4 billion, while contributing an adjusted return on equity of 13.6%. As we look forward, we see significant opportunities to grow our businesses and are confident in the long-term outlook for the company.”

https://lnkd.in/e63s4nV7

Yesterday, Tiptree Inc. announced its third quarter 2022 earnings. 

Michael Barnes commented, "when we set out our plans for 2022, we had several key objectives in mind. First, closing the investment in Fortegra with our new partners, Warburg Pincus. Second, continuing to execute on the growth plan at Fortegra, while maintaining the company’s excellent underwriting track record.  Third, generate solid returns on capital deployed within our businesses in Tiptree Capital. Through the nine months, we are pleased with where we stand against each of those objectives."

We are excited to announce that Tiptree Inc. has been recognized as a Fast 50 company by Crain's New York Business for 2022. This recognition is a testament to Tiptree and our subsidiaries' efforts to build a platform that can deliver growth over the long term. While we celebrate our success, we are even more enthused about our trajectory over the coming years.

Yesterday we announced that Sandra Bell, our current CFO, will retire at the end of March 2023. In her more than seven years at Tiptree, Sandra has been an integral part of the company’s success and a valuable member of our leadership team. 

Scott McKinney, Deputy CFO, will succeed Sandra as CFO upon her retirement. Scott has been with Tiptree since 2016 and has a deep understanding of our businesses. Tiptree’s Board of Directors is excited to welcome Scott to his new role.

Visit our investor resources page for an update on our insurance company, Fortegra. www.tiptreeinc.com

https://lnkd.in/emcFqFUA

Meet with us at the IDEAS Investor Conference on Wednesday, August 24th. Tiptree's CFO, Sandra Bell, and Deputy CFO, Scott McKinney, will be presenting at 4:00pm ET and hosting 1x1 meetings. For more information contact us at ir@tiptreeinc.com #investors #valueinvesting

https://lnkd.in/eKfgXVU9

Our CFO Sandra Bell recently spoke with Authority Magazine about ways to make finance more inclusive. Thanks for your continued leadership and guidance, Sandra! #finance #leadership 

https://lnkd.in/eq4xGW9s

Today, we announced our second quarter earnings, with each of our operating businesses producing positive results. 

Fortegra had another excellent quarter of premium growth and underwriting results; our marine business had its best quarter yet from strong charter rates and the gain on sale of one dry bulk vessel; and our mortgage business was profitable, despite the headwinds from rising interest rates. 

More on our second quarter earnings here: https://lnkd.in/egNy-_Ng

NASDAQ:TIPT

TipTREE

Last Close

21.59

08/11 21:00

Market Cap

611.37M

Beta: 1.10

Volume Today

79.26K

Avg: 86.23K

PE Ratio

28.41

PFCF: 4.97

Dividend Yield

1.07%

Payout:55.35%

Analysis Not Available