Tiptree Reports Q1 2021 Results With Record Revenues and Net Income
Tiptree Inc. (TIPT)
US:NASDAQ Investor Relations:
tiptreefinancial.com
Company Research
Source: Business Wire
Revenues of $294.7 million, up 127.3% from Q1’20, driven by growth in insurance and mortgage operations and net realized and unrealized gains in Q1’21 compared to losses in Q1’20. Excluding realized and unrealized gains and losses, revenues increased 25.6% versus prior year.Net income of $28.6 million for the first quarter 2021.Adjusted net income of $13.2 million, up 90.5% from Q1’20, driven by improvement in insurance and mortgage operations. Annualized Adjusted ROAE of 13.7%, compared to 7.3% in the prior year period.Book value per share of $11.63 as of March 31, 2021, when combined with dividends paid of $0.16 per share, increased 21.2% from the prior year, driven by a combination of net income and 2.3 million of share repurchases over the past four quarters at an average 49% discount to book value per share.Declared a dividend of $0.04 per share to stockholders of record on May 24, 2021 with a payment date of June 1, 2021. NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT)
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TIPT
News
- Tiptree Announces Rebrand of Asset Management Business [Yahoo! Finance]Yahoo! Finance
- Tiptree Announces Rebrand of Asset Management BusinessBusiness Wire
- Invesque Announces Acquisition of Shares by Company controlled by Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- TIPTREE ANNOUNCES AGREEMENT TO DISPOSE OF COMMON SHARES OF INVESQUE INC. [Yahoo! Finance]Yahoo! Finance
- TIPTREE ANNOUNCES AGREEMENT TO DISPOSE OF COMMON SHARES OF INVESQUE INC.PR Web
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