Tiptree acquires Universal Shield Insurance Group for $100M; reports Q2 diluted EPS of $10.30 on Fortegra sale gain

TIPTREE INC.

Definitive agreement to acquire Universal Shield Insurance Group for $100M cash; expected close Q1 2027, subject to regulatory approvals.
Completed sale of Fortegra on May 29, 2026 for $1.65B, generating $1.12B gross proceeds and after-tax gain of $372.2M.
Q2 2026 diluted EPS of $10.30 (net income from discontinued ops $395.7M); book value per share $24.34 as of June 30, 2026.
Declared $0.06/share dividend payable Aug 24, 2026 to holders of record Aug 17; repurchased $10.3M of stock in H1 2026 at avg $16.80.
Net loss from continuing ops of $6.4M in Q2; total revenues from continuing ops were $0 after sale of insurance businesses.

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