TIPT
Tiptree Inc.18.36
+0.15+0.82%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
694.44MP/E (TTM)
15.97Basic EPS (TTM)
1.15Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Tiptree posted FY2025 net income of $34.9M from discontinued operations as core businesses—Fortegra insurance and Reliance mortgage—were classified held for sale after signing deals for $1.65B Fortegra cash sale (69.1% owned, ~$419M est. gain) and ~$50M Reliance tangible book value payout (with $10.7M impairment). Fortegra drove momentum, lifting gross written premiums 9.1% y/y to $3.35B while trimming combined ratio to 88.6% (derived), yet Reliance swung to a $11.4M loss on lower originations and MSR writedowns. Continuing ops lost $38.9M amid $47.2M expenses up 13% on incentives and run-off costs. Book value per share climbed 9.4% to $13.45. Sales hinge on regs.
8-K
Tiptree divestitures boost BV
Tiptree reported 2025 results, highlighting agreements to sell Fortegra for $1.65B ($1.12B gross proceeds) on September 26 and Reliance First for $50M on October 31, both pending mid-2026 closes. Pro-forma book value hits $923M ($24.40/share). Board declared $0.06/share dividend, record March 16. Deals unlock capital for new bets.
8-K
CEO transition to Barnes
Tiptree Inc. announced CEO Jonathan Ilany's transition to non-executive Vice Chairman effective January 1, 2026, with Executive Chairman Michael Barnes stepping in as CEO. Ilany will advise through 2026, earning $500,000 plus a 2025 bonus and 3.5% of 2026 Adjusted EBITDA. Leadership shifts smoothly. Transition aids pending deals.
8-K
Tiptree swaps GC amid downsizing
Tiptree Inc. separated from VP, General Counsel, and Secretary Neil Rifkind effective December 5, 2025, amid legal department downsizing, triggering $1,600,000 cash severance payable February 3, 2026, plus accelerated unvested equity and COBRA subsidies through June 5, 2027. Board instantly appointed internal veteran Siew Kwok—Deputy GC since 2014—to the role. Smooth handover. Separation binds Rifkind to confidentiality and non-disparagement.
8-K
Shareholders approve Fortegra merger
Tiptree shareholders approved the merger of Fortegra with a DB Insurance subsidiary on December 3, 2025, with 25.1 million for votes crushing 6.0 million against—81% in favor. The all-cash deal, inked September 26, eyes mid-2026 close pending regulatory nods. Shareholders win big. Risks linger from approvals and litigation.
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