Tiptree Q1 net income $9.1M vs loss; revenue up 31%; dividend raised to $0.06

TIPTREE INC.

2024-Q1 EPS reported $0.22 revenue$498,221,000

Total revenues $498.2M, up 31% from $381.6M in Q1 2023.
Net income attributable to common stockholders $9.05M vs $(1.06M) loss; diluted EPS $0.22 vs $(0.03).
Adjusted net income $20.5M, up from $12.6M; adjusted ROE 19.5% vs 12.6%.
Dividend declared $0.06/share (up from $0.05), record May 20, payable May 28.
Insurance operations drove improved results with higher premiums and investment income.

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