secwatch.observer — SEC 8-K summary
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Issuer:     TIPTREE INC. (TIPT)
CIK:        0001393726
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001393726-22-000133
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tiptree Q3 revenue $363.5M (+26.8% YoY); net income $14.2M vs $2.0M; declares $0.04 dividend
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- Revenue $363.5M (+26.8% YoY) driven by Fortegra specialty insurance and vessel revenues; ex-investment gains +17.7%.
- Net income attributable to common $14.2M vs $2.0M in Q3'21; adjusted net income $19.4M (-6.4% YoY).
- Completed sale of two dry-bulk vessels for $46.2M (gain $14.1M); signed to sell two product tankers for $49.0M (gain ~44% over book).
- Declared $0.04/share dividend, record Nov 21, pay Nov 28; repurchased 158,162 shares in 9 months at avg $10.43.
- Book value per share $10.68 vs $11.37 a year ago; adjusted ROAE 14.8% vs 20.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393726/000139372622000133/0001393726-22-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393726/000139372622000133/tipt-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001393726-22-000133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer