Tiptree to sell Fortegra to DB Insurance for $1.65B cash; deal expected mid-2026

TIPTREE INC.

Purchase price of $1.65B in cash, subject to adjustments for Leakage; profit-sharing fee of 10% p.a. if closing after June 1, 2026.
Tiptree owns 69.1% of Fortegra on a fully diluted basis; Fortegra stockholders representing ~95% of shares agreed to vote for deal.
Fortegra reported $3.07B gross written premiums and $140M net income in 2024; holds A- (A.M. Best) rating.
Termination fee of $49.5M if Tiptree accepts a superior proposal after go-shop period.
Transaction subject to Tiptree stockholder approval, CFIUS, HSR, and other regulatory clearances; expected to close mid-2026.

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