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 Third Quarter and Nine-Month 2021 Results
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three and nine months ended September 30, 2021. “Our performance in the third quarter reflects the strength and diversification of our underlying operating businesses,”...
Tiptree to Hold Conference Call for Q3 2021 Results on Thursday, November 4, 2021
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Thursday, November 4, 2021, at 9:00 AM ET to discuss the Company's Q3 2021 results. A copy of the Q3 2021 investor presentation, to...
Tiptree to Hold Conference Call for Q3 2021 Results on Thursday, November 4, 2021
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (the “Company”) will hold a conference call and live webcast on Thursday, November 4, 2021, at 9:00 AM ET to discuss the Company’s Q3 2021 results. A copy of the Q3 2021 investor presentation, to...
Tiptree Inc. to Present at the 2021 CFANY Insurance Conference on Wednesday, November 10
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”) today announced that Richard Kahlbaugh, CEO of The Fortegra Group, and Sandra Bell, CFO of Tiptree Inc. will participate in the virtual 25th Annual Insurance Conference hosted by the CFA Society of New...
Tiptree: Monetizing A Piece Of The Biggest Asset And Demonstrating Enormous Sum Of The Parts
10,666,667 @ $11.25/Fortegra share represents $120 million equity investment for 17.5% of Fortegra at $691 million valuation. Warrants for another 3.52 million shares struck at $15, or $912 million.
Why Shares of Tiptree Are Soaring Today
The company announced a strategic partnership with private equity firm Warburg Pincus.
Tiptree Announces Strategic Investment in Fortegra From Warburg Pincus LLC
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced a $200 million strategic investment in its insurance subsidiary, The Fortegra Group, LLC (“Fortegra”) from Warburg Pincus, a leading global growth investor. The investment will give Warburg Pincus an...
Tiptree Announces Strategic Investment in Fortegra From Warburg Pincus LLC
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced a $200 million strategic investment in its insurance subsidiary, The Fortegra Group, LLC (“Fortegra”) from Warburg Pincus, a leading global growth investor. The investment will give Warburg Pincus an...
Fortegra Europe Establishes Czech Branch
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Fortegra Europe Insurance Company (“Fortegra” or “Company”), a leading international specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”), today announced the registration of a branch office in Prague, Czech Republic. The establishment of which will further...
Fortegra Europe Establishes Czech Branch
LONDON--(BUSINESS WIRE)--Fortegra Europe Insurance Company (“Fortegra” or “Company”), a leading international specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree”), today announced the registration of a branch office in Prague, Czech Republic. The establishment of which will further strengthen...
Source: https://incomestatements.info
Category: Stock Reports