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Stock impact report

Tiptree Reports Second Quarter 2019 Results

Tiptree Inc. (TIPT) 
US:NASDAQ Investor Relations: tiptreefinancial.com
Company Research Source: Business Wire
Revenues of $191.1 million for the quarter, up 25.1% from the prior year period.Net income before non-controlling interests of $12.2 million for the quarter, an increase of $11.3 million from the prior year period, driven by improved insurance operating performance and realized and unrealized gains on investments.Operating EBITDA(1) of $12.7 million for the quarter, a decrease of $2.3 million, or 15.3% from the prior year period, driven by re-balancing of our investment portfolio.Book value per share(2) as of June 30, 2019 was $11.47, which including dividends paid represents a 8.1%(3) year over year return.Declared a dividend of $0.04 per share to stockholders of record on August 19, 2019 with a payment date of August 26, 2019. NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), a holding company that combines specialty insurance operations with investment management, today announced its financial results for the six months ended June 30, 2019.Summa Show less Read more
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