earnings
confidence high
sentiment positive
materiality 0.75
Tiptree Q2: Rev $299.7M (+50%), net income $8.0M, Fortegra GWPPE $571.5M (+79%)
TIPTREE INC.
2021-Q2 EPS reported
$1.05
revenue$594,375,000
- Revenue $299.7M, up 50.4% YoY; net income $8.0M vs $3.8M; diluted EPS $0.22.
- Insurance segment GWPPE $571.5M (+79.2% YoY); combined ratio 92.1%; adjusted net income up 57%.
- Mortgage adjusted net income $11.5M (+$3.9M) driven by rate environment and home price appreciation.
- Book value per share $11.59 up 17.9% YoY; declared $0.04 dividend record Aug 23, payable Aug 30.
- Executives awarded PRSUs with price milestones $15–$60; annual base salaries raised to $1M/$1M/$500k.