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Complete financial analysis of Tiptree Inc. (TIPT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tiptree Inc., a leading company in the Insurance – Specialty industry within the Financial Services sector.
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Tiptree Inc. (TIPT)
About Tiptree Inc.
Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company operates in two segments, Insurance and Mortgage. It offers niche commercial and personal lines insurance, credit insurance and collateral protection products, and warranty and service contract products and solutions, as well as premium finance services. The company also offers mortgage loans for institutional investors; and maritime shipping services, as well as invests in shares. It markets its products through a network of independent insurance agents, consumer finance companies, auto dealers, retailers, brokers, and managing general agencies. The company was formerly known as Tiptree Financial Inc. and changed its name to Tiptree Inc. in December 2016. Tiptree Inc. was incorporated in 2007 and is based in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.65B | 1.40B | 1.20B | 810.30M | 772.73M | 625.83M | 579.80M | 567.15M | 440.12M | 80.31M | 97.66M | 15.96M | 14.48M | 34.02M | 20.01M | 22.26M | 12.92M |
| Cost of Revenue | 1.20B | 182.66M | 207.32M | 172.74M | 129.48M | 414.56M | 115.95M | 139.61M | 1.86M | 10.12M | -3.25M | 1.44M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 444.20M | 1.22B | 995.12M | 637.56M | 643.25M | 211.27M | 463.86M | 427.54M | 438.26M | 70.20M | 100.91M | 14.52M | 14.48M | 34.02M | 20.01M | 22.26M | 12.92M |
| Gross Profit Ratio | 26.94% | 86.93% | 82.76% | 78.68% | 83.24% | 33.76% | 80.00% | 75.38% | 99.58% | 87.40% | 103.33% | 90.98% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 261.32M | 182.66M | 288.27M | 172.74M | 129.48M | 113.56M | 157.37M | 189.19M | 130.34M | 43.04M | 44.11M | 4.76M | 0.00 | 30.13M | 2.24M | 4.11M | 11.71M |
| Selling & Marketing | 134.65M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 241.84M | 147.25M | 105.75M | 4.29M | 2.34M | 0.00 | 0.00 | 0.00 | 11.65M | 6.62M | 0.00 |
| SG&A | 395.97M | 182.66M | 288.27M | 172.74M | 129.48M | 113.56M | 157.37M | 189.19M | 130.34M | 43.04M | 44.11M | 4.76M | 7.77M | 30.13M | 13.89M | 10.73M | 11.71M |
| Other Expenses | 0.00 | 840.36M | -1.48B | -1.08B | -934.72M | -21.33M | 149.46M | 54.95M | 127.66M | 33.06M | 14.94M | 4.45M | 3.61M | 69.54K | -1.74M | 33.54M | 2.29M |
| Operating Expenses | 395.97M | 1.16B | -1.19B | -905.00M | -805.24M | 204.05M | 548.67M | 391.39M | 363.75M | 80.39M | 61.39M | 9.21M | 11.38M | 30.20M | 12.15M | 40.15M | -2.63M |
| Cost & Expenses | 1.40B | 1.34B | 1.14B | 849.15M | 743.59M | 645.62M | 583.13M | 523.84M | 452.56M | 79.53M | 91.41M | 10.65M | 11.38M | 30.20M | 12.15M | 40.15M | -2.63M |
| Interest Income | 0.00 | 24.17M | 28.29M | 22.36M | 32.33M | 13.74M | 16.23M | 18.91M | 19.93M | 14.85M | 16.48M | 75.00K | 27.00K | 0.00 | 73.00K | 395.00K | 11.21M |
| Interest Expense | 27.69M | 30.24M | 37.67M | 32.58M | 27.06M | 27.01M | 25.56M | 29.70M | 23.49M | 12.54M | 17.52M | 6.31M | 5.76M | 10.67K | 6.51M | 4.52M | 134.00K |
| Depreciation & Amortization | 23.47M | 22.97M | 24.44M | 17.58M | 13.57M | 12.60M | 13.84M | 14.30M | 45.12M | 10.87M | 4.47M | 3.97M | 3.61M | 69.54K | 3.42M | 1.55M | 725.00K |
| EBITDA | 134.21M | 77.17M | 127.45M | 11.31M | 63.41M | 57.63M | 36.07M | 94.47M | 85.32M | 34.92M | 10.88M | 48.72M | 20.15M | 7.39M | 3.38M | -29.25M | 16.27M |
| EBITDA Ratio | 8.14% | 5.24% | 3.12% | -9.52% | -2.45% | 3.17% | 12.69% | 39.60% | 26.04% | 39.09% | 51.66% | 60.67% | 178.92% | 11.55% | 34.72% | -33.86% | 125.94% |
| Operating Income | 249.26M | 50.25M | 13.11M | -94.70M | -32.51M | 45.04M | -13.79M | 23.06M | -5.55M | -6.20M | 1.83M | 5.32M | 3.10M | 3.76M | 7.86M | -22.01M | 15.54M |
| Operating Income Ratio | 15.12% | 3.59% | 1.09% | -11.69% | -4.21% | 7.20% | -2.38% | 4.07% | -1.26% | -7.71% | 1.87% | 33.30% | 21.41% | 11.05% | 39.26% | -98.89% | 120.32% |
| Total Other Income/Expenses | -166.21M | -133.36M | -667.33M | -38.85M | 9.02M | -19.80M | -12.56M | 26.08M | -6.89M | 6.98M | 16.96M | 31.14M | 13.43M | 40.56K | -10.68M | -8.79M | 0.00 |
| Income Before Tax | 83.05M | 54.01M | 65.34M | -38.85M | 29.14M | -19.80M | -3.33M | 43.32M | -12.44M | 788.00K | 6.25M | -510.00K | 16.53M | -2.83M | -2.83M | -30.81M | 0.00 |
| Income Before Tax Ratio | 5.04% | 3.86% | 5.43% | -4.79% | 3.77% | -3.16% | -0.57% | 7.64% | -2.83% | 0.98% | 6.40% | -3.20% | 114.22% | -8.31% | -14.12% | -138.40% | 0.00% |
| Income Tax Expense | 43.06M | 50.45M | 21.29M | -13.63M | 9.02M | -5.91M | -12.56M | 10.98M | 1.38M | 4.14M | 6.94M | 6.63M | 24.92M | 59.56K | 2.11M | 12.92M | 17.10M |
| Net Income | 13.95M | 3.56M | 38.13M | -25.23M | 18.36M | 23.93M | 3.60M | 25.32M | 5.78M | -1.71M | -9.20M | -510.00K | 16.53M | 3.75M | -2.83M | -30.81M | -1.56M |
| Net Income Ratio | 0.85% | 0.25% | 3.17% | -3.11% | 2.38% | 3.82% | 0.62% | 4.46% | 1.31% | -2.13% | -9.42% | -3.20% | 114.22% | 11.03% | -14.12% | -138.40% | -12.05% |
| EPS | 0.34 | 0.10 | 1.15 | -0.74 | 0.53 | 0.69 | 0.12 | 0.79 | 0.17 | -0.10 | -0.90 | -0.05 | 1.63 | 0.37 | -0.09 | -0.98 | -0.05 |
| EPS Diluted | 0.33 | 0.10 | 1.13 | -0.74 | 0.50 | 0.69 | 0.11 | 0.78 | 0.17 | -0.10 | -0.90 | -0.05 | 1.60 | 0.37 | -0.09 | -0.98 | -0.05 |
| Weighted Avg Shares Out | 36.69M | 35.53M | 33.22M | 33.86M | 34.58M | 34.72M | 29.13M | 31.72M | 32.36M | 16.77M | 10.22M | 10.29M | 10.15M | 10.06M | 30.09M | 31.43M | 31.30M |
| Weighted Avg Shares Out (Dil) | 37.62M | 35.53M | 33.69M | 33.86M | 34.58M | 34.72M | 37.31M | 31.77M | 33.20M | 16.77M | 10.25M | 10.29M | 10.31M | 10.06M | 30.09M | 31.43M | 31.30M |
Fortegra Expands Alternative Risk Team
JACKSONVILLE, Fla. & LONDON--(BUSINESS WIRE)--The Fortegra Group, LLC ("Fortegra" or the “Company”), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the promotion of Mark Davies to Senior Vice President of Fortegra's Alternative Risk Team. In...
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NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”) today announced Sandra Bell, CFO and Scott McKinney, Investor Relations will participate in the virtual Midwest IDEAS Investor Conference on Wednesday, August 25th, 2021. Tiptree's presentation will be webcasted and is scheduled to...
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NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), a holding company that combines specialty insurance operations with investment management, today announced its financial results for the three and six months ended June 30, 2021. “Our second-quarter performance was a...
Tiptree to Hold Conference Call for Q2 2021 Results on Thursday, August 5, 2021
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Thursday, August 5, 2021 at 9:00 AM ET to discuss the Company’s Q2 2021 results. A copy of the Q2 2021 investor presentation, to...
Fortegra Europe Selected as Exclusive Extended Warranty and Add-On Insurance Product Provider for Motorpoint
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Fortegra Financial Corporation (“Fortegra”), a leading specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), announced today that it is now the exclusive vehicle service contract provider for Motorpoint, UK's largest independent car retailer. “We selected Fortegra Europe...
Fortegra Announces Expansion of Partnership with Badcock Home Furniture &more - Named Exclusive Provider of Service Contracts and Credit Insurance Products
JACKSONVILLE, Fla.--(BUSINESS WIRE)--The Fortegra Group, LLC (“Fortegra”), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the expansion of their partnership with Badcock Home Furniture &more (“Badcock”). For almost 15 years, Fortegra has been providing Badcock...
Fortegra Announces Expansion of Partnership with Badcock Home Furnishings & More - Named Exclusive Provider of Service Contracts and Credit Insurance Products
JACKSONVILLE, Fla.--(BUSINESS WIRE)--The Fortegra Group, LLC (“Fortegra”), a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), today announced the expansion of their partnership with Badcock Home Furniture &more (“Badcock”). For almost 15 years, Fortegra has been providing Badcock...
Tiptree Inc. to Present Virtually and Host 1x1 Investor Meetings at the 11th Annual East Coast IDEAS Investor Conference on Wednesday, June 16th
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”) today announced that Sandra Bell, CFO and Scott McKinney, Investor Relations, will participate in the virtual East Coast IDEAS Investor Conference on Wednesday, June 16th, 2021. Tiptree's presentation will be webcasted and is...
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