earnings
confidence high
sentiment positive
materiality 0.90
Tiptree reports Q3 earnings, agrees to sell Fortegra for $1.65B and Reliance First Capital for ~$51M
TIPTREE INC.
2025-Q3 EPS reported
$0.68
revenue$1,566,478,000
- Agreed to sell Fortegra for $1.65B ($1.12B net proceeds to Tiptree); close expected mid-2026.
- Agreed to sell Reliance First Capital for ~93.5% of TBV (~$51M gross proceeds); close expected Q1 2026.
- Pro-forma book value post-closing estimated at $930M, net of taxes and expenses.
- Q3 GAAP net income $6.4M ($0.13 diluted EPS); adjusted net income $28.8M vs. $27.9M YoY.
- Declared $0.06/share dividend payable Nov 24, 2025 to holders of record Nov 17.