Earnings summaries and quarterly performance for TIPTREE.
Executive leadership at TIPTREE.
Board of directors at TIPTREE.
Research analysts who have asked questions during TIPTREE earnings calls.
David Williams
The Benchmark Company
1 question for TIPT
Also covers: AOSL, AP, BDC +18 more
Mark Hughes
Truist Securities
1 question for TIPT
Also covers: AIZ, AJG, AMBC +41 more
Matthew Carletti
Citizens JMP Securities
1 question for TIPT
Also covers: AII, AMSF, BOW +11 more
Pablo Fonseca
Scotiabank
1 question for TIPT
Recent press releases and 8-K filings for TIPT.
Tiptree Shareholders Approve Fortegra Merger
TIPT
M&A
Proxy Vote Outcomes
- Tiptree Inc. shareholders approved the Merger Proposal at a Special Meeting held on December 3, 2025.
- The Merger Proposal entails the acquisition of The Fortegra Group, Inc. by DB Insurance Co. Ltd. in an all-cash deal, making Fortegra a wholly-owned subsidiary of DB.
- Approximately 81% of votes cast at the Special Meeting were in favor of the Merger Proposal.
- Tiptree expects the merger to close in mid-2026, subject to customary closing conditions and regulatory approvals.
1 day ago
Tiptree Shareholder Veradace Partners Opposes Fortegra Sale
TIPT
M&A
Proxy Vote Outcomes
Executive Compensation
- Veradace Partners, a 5.0% shareholder of Tiptree, has issued a letter opposing the proposed sale of The Fortegra Group, Inc. to DB Insurance Co., Ltd., urging shareholders to vote AGAINST the transaction at the Special Meeting scheduled for December 3, 2025.
- Veradace argues the transaction is structured to benefit Tiptree management at the expense of shareholders, is tax-inefficient, and does not include a distribution of the nearly $1 billion in proceeds, despite Fortegra representing over 90% of Tiptree's total value as of September 26, 2025.
- The proposed sale values Fortegra at $28.75 per diluted share, but Tiptree's share price declined 23% since the announcement, and the company does not expect to distribute any proceeds to shareholders.
- Veradace claims Tiptree management's incentives are misaligned, citing high executive compensation and a decline in non-Insurance assets from $247 million in Q4 2021 to $92 million in Q2 2025.
Nov 10, 2025, 12:30 PM
Tiptree Financial Reports Mixed Q3 2025 Results Amid Strategic Divestitures
TIPT
Earnings
M&A
Revenue Acceleration/Inflection
- Tiptree Financial reported Q3 2025 revenue of $540.3 million, a 9.3% increase, but net income declined to $6.42 million and diluted EPS fell to $0.13 from $0.29 a year ago.
- The company is strategically selling two major business units, Fortegra and Reliance First Capital, with sales expected to complete in 2026 to refocus on long-term growth and capital redeployment.
- Analyst sentiment is mixed, with Wall Street Zen downgrading Tiptree from "buy" to "hold," despite 81.4% annual earnings growth and increased institutional investor stakes.
- Shares are trading at 40 times forward earnings, down from 53 times, reflecting investor caution related to the pending sales and future company direction.
Oct 31, 2025, 8:38 PM
Tiptree Announces Q3 2025 Results and Strategic Asset Sales
TIPT
Earnings
M&A
Dividends
- Tiptree Inc. reported total revenues of $540.3 million and net income attributable to common stockholders of $6.4 million for the third quarter of 2025, resulting in diluted earnings per share of $0.13.
- The company agreed to sell Fortegra for $1.65 billion, with an estimated $1.12 billion gross proceeds to Tiptree, anticipated to close in mid-2026.
- Tiptree also agreed to sell its mortgage business, Reliance First Capital, for an estimated $51 million gross proceeds as of September 30, 2025, with closing anticipated in the first quarter of 2026.
- Following these transactions, Tiptree's pro-forma book value as of September 30, 2025, is estimated to be $930 million.
- A cash dividend of $0.06 per share was declared, with a payment date of November 24, 2025, to stockholders of record on November 17, 2025.
Oct 31, 2025, 12:33 PM
Tiptree Announces Third Quarter 2025 Results and Strategic Divestitures
TIPT
Earnings
M&A
Dividends
- Tiptree reported total revenues of $540.3 million for the third quarter of 2025, an increase of 9.3% from the prior year period.
- Net income attributable to common stockholders for Q3 2025 was $6.4 million, or $0.13 diluted earnings per share, a decrease from $11.9 million and $0.29 diluted EPS in Q3 2024.
- The company agreed to sell Fortegra for $1.65 billion, with $1.12 billion estimated gross proceeds to Tiptree, and its mortgage business, Reliance First Capital, for an estimated $51 million in gross proceeds.
- Tiptree's pro-forma book value as of September 30, 2025, is estimated to be $930 million, net of estimated taxes and transaction expenses for both sales.
- A dividend of $0.06 per share was declared, payable on November 24, 2025.
Oct 31, 2025, 12:33 PM
Tiptree Inc. enters into agreement to sell Reliance First Capital, LLC
TIPT
M&A
- Tiptree Inc. and its wholly owned subsidiary, Reliance Holdings LLC, entered into a Purchase Agreement on October 31, 2025, to sell Reliance First Capital, LLC to Carrington Holding Company, LLC.
- The agreement stipulates that the buyer will acquire all issued and outstanding membership interests of Reliance.
- The purchase price is calculated as the product of the Tangible Book Value of Reliance at closing and 93.50%, less Transaction Expenses, Unpaid Taxes, and Specified Tax Liability, plus the Specified Cash Amount and Cash Contribution At Closing Amount.
- The closing of the transaction is subject to customary conditions, including the receipt of required regulatory approvals.
Oct 31, 2025, 12:30 PM
Tiptree Announces Strategic Asset Sales and Future Capital Allocation Plans
TIPT
M&A
Share Buyback
Dividends
- Tiptree announced the sale of Fortegra for a total consideration of $1.65 billion, with $1.12 billion in gross proceeds to Tiptree, and the sale of Reliance First Capital for $51 million in estimated gross proceeds as of September 30, 2025. These sales are anticipated to close in mid-2026 for Fortegra and the first quarter of 2026 for Reliance.
- Following these transactions, Tiptree's pro-forma book value as of September 30, 2025, is estimated to be $930 million, net of estimated taxes and transaction expenses.
- The company has a proven track record, with $2.4 billion of realized investments since inception, representing a 2.8x MOIC and 22% IRR.
- Tiptree plans to continue focusing on long-term value creation through strategic investments, opportunistic share buybacks, and thoughtful consideration of dividends.
Oct 31, 2025, 12:30 PM
Tiptree Inc. Announces Sale of Fortegra to DB Insurance
TIPT
M&A
New Projects/Investments
Takeover Bid
- DB Insurance Co., Ltd. will acquire 100% of The Fortegra Group, Inc. from Tiptree Inc. and Warburg Pincus LLC for approximately $1.65 billion in cash.
- The transaction is anticipated to close in mid-2026 and is expected to provide Tiptree Inc. with estimated gross proceeds of $1.12 billion.
- Fortegra, a global specialty insurance company, will operate independently as part of DB Insurance's specialty insurance business, combining Fortegra's expertise with DB's substantial capital base and global expansion strategy.
- For the fiscal year 2024, Fortegra reported gross written premiums of $3.07 billion and net income of $140 million.
Sep 26, 2025, 10:04 AM
Tiptree's Fortegra to be Acquired by DB Insurance
TIPT
M&A
New Projects/Investments
- DB Insurance has agreed to acquire The Fortegra Group from Tiptree for approximately $1.65 billion in cash, marking its first major entry into the U.S. market.
- The acquisition, expected to close by mid-2026, is funded from DB Insurance's internal cash resources and aims to expand its global footprint and diversify earnings.
- Fortegra reported gross written premiums of $3.07 billion and net income of $140 million for 2024, operating across all 50 U.S. states and eight European countries.
- Following the acquisition news, Tiptree's stock experienced significant volatility, with shares down about 14% in the past week.
Sep 25, 2025, 5:12 PM
Tiptree Inc. Reports Q1 2025 Financial & Annual Meeting Highlights
TIPT
Proxy Vote Outcomes
Auditor Change
Earnings
Dividends
Revenue Acceleration/Inflection
- Q1 2025 performance: Total revenues of $497.4M, GAAP net income of $5.6M, adjusted net income of $23.3M, and an adjusted ROAE of 20.0%
- Dividend announcement: A cash dividend of $0.06 per share, with a record date of May 12, 2025, and payment on May 19, 2025
- Annual Meeting outcomes: Held on April 29, 2025, where all director nominees were elected and key shareholder proposals were voted on
- Auditor ratification: Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the FY ending December 31, 2025
- Insurance segment strength: The Fortegra unit achieved a 13.5% growth in premiums amid strong underwriting results
Quarterly earnings call transcripts for TIPTREE.
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