Tiptree reports record $1.4B revenue for 2022; net loss of $8.3M vs $38.1M profit in 2021

TIPTREE INC.

Q4 revenues $369.5M (+15.6% YoY); full-year revenues $1.40B (+16.4% YoY) to record high.
Full-year GAAP net loss attributable to common of $8.3M (($0.23)/share) vs income $38.1M ($1.09/share) in 2021.
Adjusted net income full-year $63.4M (flat YoY); adjusted ROE 13.6% vs 16.5% in 2021.
Book value per share fell to $10.92 from $11.22 a year ago.
Board declared a $0.05/share dividend (25% increase from $0.04), payable March 27 to holders of record March 20.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.82

TIPTREE INC. reported the year ended December 31, 2022 results: revenue $ 1,397,752, net income $ (8,274), EPS $ (0.23).

Period: the year ended December 31, 2022
Revenue: $ 1,397,752
Net income: $ (8,274)
EPS: $ (0.23)
Result: reported results

Exact text from the filing

Tiptree’s Executive Chairman, Michael Barnes. Fourth Quarter Year Ended ($ in thousands, except per share information) 2022 2021 2022 2021 Total revenues $ 369,528 $ 319,534 $ 1,397,752 $ 1,200,514 Net income (loss) attributable to common stockholders $ 871 $ (426) $ (8,274) $ 38,132 Diluted earnings per share $ 0.02 $ (0.01) $ (0.23) $ 1.09 Cash dividends paid

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TIPTREE INC. filing history →

Source: SEC EDGAR

accession 0001393726-23-000026

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