earnings
confidence high
sentiment positive
materiality 0.65
Tiptree Q1 adjusted ROE 20%, Fortegra combined ratio 89.9%; EPS $0.13 vs $0.22
TIPTREE INC.
2025-Q1 EPS reported
$0.13
revenue$497,426,000
- Total revenues $497.4M, flat YoY; adj. net income $23.3M vs $20.5M, up 13.6%.
- Fortegra premium & premium equivalents grew 13.5% YoY; combined ratio 89.9% despite industry cat losses.
- Diluted GAAP EPS $0.13 vs $0.22; adjusted diluted EPS $0.56 (calculated from adj. net income / diluted shares).
- Declared $0.06/share dividend, unchanged; record May 12, payable May 19, 2025.
- Net investment income increased substantially; portfolio yield improving with new high-quality bonds.