See more : Public Storage (PSA-PI) Income Statement Analysis – Financial Results
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 |
Tiptree Reports Second Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three and six months ended June 30, 2022. Second Quarter 2022 Summary In June 2022, Tiptree closed the previously announced $200 million strategic investment...
Tiptree Reports Second Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three and six months ended June 30, 2022. Second Quarter 2022 Summary In June 2022, Tiptree closed the previously announced $200 million strategic investment...
Tiptree to Hold Conference Call for Q2 2022 Results on Tuesday, August 9, 2022
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Tuesday, August 9, 2022 at 9:00 AM ET to discuss the Company's Q2 2022 results. A copy of the Q2 2022 investor presentation, to...
Tiptree: Fortegra Deal From Warburg Closed
Warburg investment in Fortegra is closed. Company now has net cash.
Tiptree Announces Closing of Strategic Investment in Fortegra From Warburg Pincus LLC
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced the closing of the previously announced $200 million strategic investment in its insurance subsidiary, The Fortegra Group, Inc. (“Fortegra”) from Warburg Pincus, a leading global growth investor. The investment...
Tiptree Inc. to Present Virtually and Host 1x1 Investor Meetings at the 12th Annual East Coast IDEAS Investor Conference on Wednesday, June 22nd
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”) today announced that Randy Maultsby, President and Scott McKinney, Deputy CFO will participate in the virtual East Coast IDEAS Investor Conference on Wednesday, June 22nd, 2022. Tiptree's presentation will be webcasted and is...
Tiptree Inc. (TIPT) Management on Q1 2022 Results - Earnings Call Transcript
Tiptree Inc. (NASDAQ:TIPT ) Q1 2022 Earnings Conference Call May 6, 2022 9:00 AM ET Company Participants Sandra Bell - Chief Financial Officer Michael Barnes - Executive Chairman Conference Call Participants Alex Vezendan - Veradace Capital Walter Schenker - MAZ...
Tiptree: Very Solid Operating Quarter Behind Mark-To-Market Noise
Fortegra top line growing 26%. Fortegra combined ratio staying in the low 90s.
Tiptree Reports First Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three months ended March 31, 2022. ($ in thousands, except per share information) Q1’22 Q1’21 Total revenues $ 324,903 $ 294,688 Net income (loss)...
Tiptree Reports First Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three months ended March 31, 2022. ($ in thousands, except per share information) Q1'22 Q1'21 Total revenues $ 324,903 $...
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Category: Stock Reports