Fortegra Corporate Rating of A- (Excellent) Reaffirmed by Kroll Bond Rating Agency, Inc.
Tiptree Inc. (TIPT)
US:NASDAQ Investor Relations:
tiptreefinancial.com
Company Research
Source: Business Wire
JACKSONVILLE, Fla.--(BUSINESS WIRE)--The Fortegra Group, LLC (“Fortegra”), a leading specialty insurer and provider of warranty and specialty underwriting products and services, and a subsidiary of Tiptree Inc. (NASDAQ: TIPT), announced today that Kroll Bond Rating Agency, Inc. (“KBRA”) has reaffirmed the A- (Excellent) insurance financial strength ratings (IFSRs) of Fortegra’s subsidiaries. Additionally, KBRA reaffirmed the BBB issuer rating and BBB- junior subordinated debt rating of Fortegra’s subsidiary, Fortegra Financial Corporation.“We are pleased with the KBRA rating affirmation. The BBB issuer rating and stable outlook underscores the success of our growth strategy and operating model,” said Michael Grasher, Chief Financial Officer at Fortegra. “By balancing disciplined underwriting with fee-based revenue we continue to produce strong cash flows and shareholder returns. We expect this trajectory to continue well into the future.”The affirmed rating is indicative of KBRA’s
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TIPT
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 3/18/24 - Form DEF
- TIPT's page on the SEC website