M&A
confidence high
sentiment positive
materiality 0.90
Tiptree agrees to sell Fortegra for $1.65B and Reliance First Capital; pro-forma book value $24.40/share
TIPTREE INC.
- Fortegra sale for $1.65B; Tiptree's estimated gross proceeds $1.12B; closing expected mid-2026.
- Reliance First Capital sale for ~93.5% of tangible book value, ~$50M gross proceeds; closing H1 2026.
- Pro-forma book value estimated at $923M or $24.40 per share, up from current $13.45.
- Declared $0.06 dividend payable March 23, 2026 to holders of record March 16, 2026.
- Q4 GAAP diluted EPS $0.04; full-year 2025 diluted EPS $0.76; book value per share $13.45.