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Tiptree Inc   (TIPT)
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Price: $17.2000 $0.18 1.058%
Day's High: $17.28 Week Perf: 3.18 %
Day's Low: $ 16.89 30 Day Perf: 3.06 %
Volume (M): 190 52 Wk High: $ 20.80
Volume (M$): $ 3,271 52 Wk Avg: $16.16
Open: $16.91 52 Wk Low: $12.12



 Market Capitalization (Millions $) 648
 Shares Outstanding (Millions) 38
 Employees 929
 Revenues (TTM) (Millions $) 1,625
 Net Income (TTM) (Millions $) 5
 Cash Flow (TTM) (Millions $) 24
 Capital Exp. (TTM) (Millions $) 18

Tiptree Inc

Tiptree Financial is a diversified holding company that primarily acquires and manages controlling interests of operating businesses. The Company, whose operations date back to 2007, currently has subsidiaries that operate in the following four segments: insurance and insurance services, specialty finance, asset management and real estate. The Company’s principal investments are included in a corporate and other segment. Tiptree Financial’s Class A common stock trades on the NASDAQ Capital Market. All of Tiptree Financial’s Class B common stock is owned by TFP. Tiptree Financial’s Class B common stock has voting but no economic rights.

Tiptree Financial is a diversified holding company that draws upon the extensive experience of its management team in the areas of insurance, specialty finance, asset management, real estate and credit investing to acquire controlling interests of operating businesses. We believe our business ownership mix of (i) specialty insurance, insurance services and warranty protection companies, (ii) operating companies which principally originate or own tangible assets, and (iii) asset management companies which earn fees from third-party investment vehicles, provides business synergies which generate a higher overall return on shareholder capital.

When making new acquisitions, we strive to identify businesses that: (i) have strong and experienced management, (ii) have the potential to generate attractive and stable cash returns on capital with limited downside, (iii) complement existing businesses or strategies through clearly identifiable synergies, and (iv) have sustainable and scalable business models. Tiptree’s permanent capital base allows us to have a long term view of our businesses, providing a competitive advantage relative to alternative capital sources with shorter-term objectives. We will retain a well-performing business for an indefinite period, but will consider selling a business when we believe material shareholder value creation will be achieved.

When we acquire a business, we aim to partner with the management and employees, providing assistance when needed, but relying on their unique expertise to run the business day-to-day. We enhance the value of our businesses by utilizing our experience in capital markets, mergers and acquisitions, capital raising, credit markets, distressed investing, securitization, asset management, corporate governance and government regulatory issues. We also optimize the efficiencies of our business operations by strategically using the resources and talents of our more than 900 employees at our consolidated subsidiaries.

We seek to adopt a prudent approach with regard to our capital structure, the diversification of financial risk and the avoidance of reputational risk. We evaluate our performance primarily by the comparison of our shareholder’s long-term total return on capital to alternative investment options and major market indices.

Tiptree’s insurance operations consist of Fortegra, a specialized insurance and insurance services company offering consumer related protection products, including credit insurance, non-standard auto insurance, warranties, service contracts, auto warranty and roadside assistance. Fortegra also offers administration services through a vertically integrated platform and provides fronting services for self-insured clients.

Tiptree’s specialty finance operations consists of a controlling ownership interest in Siena, which provides asset-based loans to smaller U.S. businesses, our mortgage origination business, which is conducted through two entities, Reliance, which is wholly owned and Luxury, which is 67.5% owned by the Company. The Company intends to continue to grow its specialty finance operations organically through increased volume, through acquisitions and by exploring strategic alternatives with respect to new financing products.

Tiptree’s real estate operations consist of Care, a real estate investment company focused on seniors housing.

The operations of Luxury and Reliance include the origination, packaging and sale of mortgage loans, primarily FHA/ VA, conforming/agency and jumbo mortgage loans. The loans are typically sold shortly after origination into a liquid secondary market. Loans sold into the secondary market may be sold “servicing-retained” or “servicing-released,” referring to whether the rights to service the mortgage are retained by the originator or released to the secondary market investor at the time of sale. Luxury and Reliance currently sell all of their loans on a servicing released basis. Our mortgage business is financed using warehouse revolving credit facilities to fund mortgage loans held for sale. Revenues are generated from gain on sale of loans, net interest income and loan fee income.

Tiptree’s asset management operations are conducted through TAMCO, an SEC-registered investment adviser that is primarily a holding company for Tiptree’s asset management subsidiaries, which include Telos and MCM. Telos primarily manages credit related assets. MCM currently manages portfolios of tax exempt securities for third parties and the Company. Tiptree seeks to grow its asset management operations through acquisitions and through investments in new products launched and managed by its subsidiaries.



   Company Address: 660 Steamboat Road Greenwich 6830 CT
   Company Phone Number: 446-1400   Stock Exchange / Ticker: NASDAQ TIPT
   


Customers Net Income fell by TIPT's Customers Net Profit Margin fell to

-28.19 %

3.52 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
BRKA   -0.72%    
HIG        0.72% 
L        1% 
PGR        3.75% 
TRV        0.66% 
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Personnel Announcements

Fortegra Strengthens Leadership Team with the Appointment of Eric Halter and Bianca Hoshina

Published Mon, Jan 22 2024 8:45 PM UTC



Jacksonville-based global specialty insurer, Fortegra Group, Inc., a subsidiary of Tiptree Inc., has recently named Eric Halter as its Senior Vice President of Business Development, and Bianca Hoshina to join its Specialty Leadership Team. These key appointments represent the company's commitment to enhancing its expertise and staying ahead in the competitive insur...

Tiptree Inc

Earnings Plummet Despite Impressive Revenue Surge at Tiptree Inc. in Q3 2023: A Comprehensive Financial Analysis

Interpreting Tiptree Inc.'s Financial Results for the Third Quarter of 2023
As a financial analyst and writer for the , it is my duty to decipher and analyze the latest financial results of major corporations. Today, we will be diving into Tiptree Inc.'s financial performance in the third quarter of 2023.
In terms of earnings per share (EPS), Tiptree Inc. experienced a decline. Compared to the same period last year, income fell sharply by 89.47% to $0.04 per share. However, it is important to note that this decline was offset by a significant improvement in revenue. Tiptree saw a considerable revenue increase of 14.591% to $416.51 million.

Tiptree Inc

Tiptree Inc. Achieves Profitability in Q2 2023 with 24.504% Revenue Rise, Outperforms Property & Casualty Insurance Sector Peers



Tiptree Inc, a leading company in the Property & Casualty Insurance sector, has reported outstanding financial results for the period ending June 30, 2023. With a significant rise in revenue and turning profitability, the company is well-positioned for future growth. This article will provide an overview of the key facts from the financial results and put them into context within the company's stock performance.
1. Revenue Surges and Profitability Achieved:
Tiptree Inc experienced a remarkable revenue increase of 24.504%, reaching $404.52 million. This rise in revenue has propelled the company into profitability, with earnings per share (EPS) reaching $0.16, compared to a loss of $0.03 in the previous financial time-frame. This growth outperformed the company's sector peers, who on average achieved an 18.01% increase in revenue during the same period.

Tiptree Inc

Tiptree Inc's Revenue Surges, but Profits Decline in First Quarter of 20232.

Tiptree Inc., a property and casualty insurance industry player, recently reported their return on equity (ROE) for their first quarter of 2023, which stood at 5.07%. This figure was below their average ROE and reflected a decline in net income from their previous financial year. Although Tiptree Inc saw a surge in revenue of 33.154%, profits fell by 5.86% compared to the previous reporting period.
While Tiptree Inc has room for improvement in their ROE, they are not alone in the industry. There were 11 other companies with a higher ROE within the property and casualty insurance industry. However, it is important to note that Tiptree Inc's overall ranking for ROE increased in the first quarter of 2023. Their ROE rank advanced from 2296 in the third quarter of 2022 to 1694 in the first quarter of 2023.
The quarterly report showed that Tiptree Inc shifted their focus to improving sales, resulting in a net margin of 0.83%. Although they slipped into a loss of $-0.03 per share, it is important to note that their revenue surged by 33.154% to $381.63 million from the same period in the previous year. In the previous reporting period, their revenue was $363.48 million with $0.38 earnings per share. However, their net profits fell from $3.347 million in the corresponding period a year before to $3.151 million in the first quarter of 2023.






 

Tiptree Inc's Segments
 
 
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