earnings
confidence high
sentiment positive
materiality 0.75
Q3 revenue up 27.9% to $286.6M; adjusted net income $20.7M (+16.4%); declares $0.04 dividend
TIPTREE INC.
2021-Q3 EPS reported
$1.11
revenue$880,980,000
- Q3 revenue $286.6M (+27.9% YoY); net income $2.0M ($0.06 EPS) vs $12.8M ($0.35) prior year.
- Adjusted net income $20.7M (+16.4% YoY); YTD adjusted net income $47.0M (+33.4%).
- Insurance GWPPE $613.1M (+31.9% YoY); combined ratio improved to 89.6% from 90.6%.
- Declared $0.04/share dividend, payable Nov 29, record Nov 22; maintained at $0.12 YTD.
- Appointed Randy Maultsby as Class I director; Warburg Pincus $200M investment in Fortegra (24% stake) announced Oct 12.