Highest-materiality recent filing
Tiptree completes $1.65B sale of Fortegra to DB Insurance, receives ~$1.08B proceeds
Tiptree closed sale of Fortegra to DB Insurance for $1.65B cash; Tiptree received approx $1.08B at closing.
Tiptree expects to close $1.65B Fortegra sale to DB Insurance on May 29, 2026
Purchase price of $1.65 billion in cash for Fortegra, subject to customary adjustments.
Tiptree completes sale of Reliance First Capital to Carrington for ~$47.3M cash
Closed sale of Reliance First Capital membership interests to Carrington Mortgage Services on May 1, 2026.
Tiptree Q1 EPS $0.34; amends Fortegra deal by removing NYDFS condition
Q1 GAAP EPS $0.34; net income $14.2M, continuing ops loss $7.1M, discontinued ops profit $21.4M.
Fortegra sale for $1.65B; Tiptree's estimated gross proceeds $1.12B; closing expected mid-2026.
CEO transition at Tiptree: Ilany becomes Vice Chairman, Barnes becomes CEO effective Jan 1, 2026
CEO Jonathan Ilany transitions to non-executive Vice Chairman; Executive Chairman Michael Barnes appointed CEO effective Jan 1, 2026.
Tiptree shareholders approve Fortegra merger with DB Insurance; 81% votes in favor
Shareholders approved all-cash acquisition of Fortegra by DB Insurance Co., Ltd. at Dec 3 special meeting.
ISS recommends Tiptree shareholders vote FOR Fortegra merger with DB Insurance
ISS recommends Tiptree stockholders vote 'FOR' the all-cash sale of Fortegra to DB Insurance Co.
Tiptree sells Reliance First Capital to Carrington for 93.5% of tangible book value
Purchase price equals 93.5% of estimated Tangible Book Value at closing, minus expenses and taxes, plus specified cash amounts.
Tiptree reports Q3 earnings, agrees to sell Fortegra for $1.65B and Reliance First Capital for ~$51M
Agreed to sell Fortegra for $1.65B ($1.12B net proceeds to Tiptree); close expected mid-2026.
Tiptree to sell Fortegra to DB Insurance for $1.65B cash; deal expected mid-2026
Purchase price of $1.65B in cash, subject to adjustments for Leakage; profit-sharing fee of 10% p.a. if closing after June 1, 2026.
Tiptree Q2 net income up 48% YoY to $18.96M; adjusted ROE 22.3%
Net income $18.96M ($0.37 diluted EPS) vs $12.85M ($0.31) YoY; adjusted net income $27.13M.
Tiptree Q1 adjusted ROE 20%, Fortegra combined ratio 89.9%; EPS $0.13 vs $0.22
Total revenues $497.4M, flat YoY; adj. net income $23.3M vs $20.5M, up 13.6%.
Tiptree Q4 2024 revenue $503.6M, net income $19.6M, EPS $0.47; declares $0.06 dividend
Q4 2024 total revenues $503.6M (vs $446.4M YoY), up 13%; net income $19.6M (vs $6.9M).
Tiptree subsidiary enters $75M secured credit facility; Fortress as agent, 3-yr term
Tiptree Holdings LLC borrowed $75M from Fortress Credit Corp and other lenders on Feb 7, 2025.
Tiptree Q3 revenue up 19% to $494M; EPS $0.29 vs $0.04 YoY; dividend raised to $0.06
Q3 2024 total revenues $494.4 million, up 18.7% from $416.5 million a year ago.
Tiptree Q2 net income more than doubles to $0.31 EPS; revenue up 35% YoY
Q2 revenue $546.7M (+35% YoY); diluted EPS $0.31 (vs $0.16, +94%).
Tiptree Q1 net income $9.1M vs loss; revenue up 31%; dividend raised to $0.06
Total revenues $498.2M, up 31% from $381.6M in Q1 2023.
Tiptree Q4 net income $6.9M vs $0.9M prior year; declares $0.06 dividend
Q4 revenues $446.4M (+21% YoY); full-year revenues $1.65B (+18%).
Tiptree and Warburg Pincus Withdraw Fortegra IPO Registration Statement
Fortegra withdraws its S-1 registration statement for proposed IPO amid unfavorable market conditions.
IPO: 18M shares offered, underwriters 30-day option for 2.7M shares; expected price $15-$18 per share.
Tiptree's Fortegra subsidiary files S-1 for IPO; plans NYSE listing under TFG
Fortegra filed S-1 for IPO on NYSE under ticker TFG; size and price range not yet determined.
Tiptree reports Q3 2023 results and intent to take Fortegra public
Q3 2023 total revenues $416.5M, up 14.6% YoY; GAAP net income $2.2M, down from $14.2M.
Tiptree Q2 net income $6M ($0.16 EPS) vs prior-year loss; revenue up 19%
Net income attributable to common stockholders of $6.0M ($0.16 diluted EPS) vs loss of $22.4M ($0.64 loss) in Q2 2022.
Tiptree reports record $1.4B revenue for 2022; net loss of $8.3M vs $38.1M profit in 2021
Q4 revenues $369.5M (+15.6% YoY); full-year revenues $1.40B (+16.4% YoY) to record high.
Tiptree Q3 revenue $363.5M (+26.8% YoY); net income $14.2M vs $2.0M; declares $0.04 dividend
Revenue $363.5M (+26.8% YoY) driven by Fortegra specialty insurance and vessel revenues; ex-investment gains +17.7%.
Tiptree announces CFO transition: Sandra Bell to retire, Scott McKinney named successor.
Sandra Bell to retire as CFO effective March 31, 2023 or filing of 2022 Form 10-K.
Q2 net loss $22.4M vs income $8.0M YoY; Fortegra investment closes
Net loss of $22.4M ($0.64 diluted EPS) vs income $8.0M in Q2'21, driven by deferred tax liability and unrealized investment losses.
Warburg Pincus invests $200M in Fortegra, acquiring ~24% ownership on an as-converted basis.
Tiptree reports Q1 2022 net loss of $960K; adjusted net income up to $15.5M
Total revenues $324.9M, up 10% from $294.7M in Q1 2021.
Tiptree FY2021 revenue $1.2B, net income $38.1M, adj. ROE 16.5%
FY2021 total revenues $1.2B (up 48% YoY), net income attributable to common $38.1M vs loss $29.2M.
Q3 revenue up 27.9% to $286.6M; adjusted net income $20.7M (+16.4%); declares $0.04 dividend
Q3 revenue $286.6M (+27.9% YoY); net income $2.0M ($0.06 EPS) vs $12.8M ($0.35) prior year.
Tiptree announces $200M Warburg Pincus investment in Fortegra for ~26% stake
Warburg Pincus to invest $200M in Tiptree's insurance subsidiary Fortegra, acquiring ~26% fully diluted stake (press release says ~24%).
Tiptree Q2: Rev $299.7M (+50%), net income $8.0M, Fortegra GWPPE $571.5M (+79%)
Revenue $299.7M, up 50.4% YoY; net income $8.0M vs $3.8M; diluted EPS $0.22.
Tiptree Inc. (“Tiptree” or “the Company”) announced the retirement of Sandra Bell as Chief Financial Officer of Tiptree, effective the latter of March 31, 2023 or the date that Tiptree’s Form 10-K for the fiscal year ending December 31, 2022 is filed with the SEC (the “Transition Effective Date”).
the Board of Directors (the “Board”) of Tiptree appointed Scott McKinney, age 38, as Chief Financial Officer of Tiptree, effective as of the “Transition Effective Date”.
On November 2, 2021, the board of directors (the “Board”) of Tiptree Inc. (“Tiptree”) appointed Randy Maultsby as a Class I director effective immediately
On July 14, 2021, the board of directors of Tiptree Inc. (“Tiptree”) appointed Randy Maultsby, age 47, as President.
Max materiality 0.95 · Median 0.70 · Most common event earnings