Tiptree Announces First Quarter 2025 Results

About this update from Tiptree Inc.

[{"type":"text","content":" GREENWICH, Conn.--(BUSINESS WIRE)--\nTiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the first quarter 2025.\n\nThe Company commented, “We are extremely pleased with the strong first quarter results, headlined by a 20% adjusted return on average equity. Fortegra achieved 13.5% growth in premium and premium equivalents, while delivering a combined ratio of 89.9%, despite substantial industry-wide catastrophic losses during the quarter. Our pipeline of opportunities remains robust, and the pricing environment continues to be favorable for underwriting new business. Net investment income saw a substantial increase this quarter. As our portfolio expands and investments mature, we are finding attractive opportunities to add high-quality bonds that enhance our overall book yield and future earnings profile. As always, we remain committed to growing long-term shareholder value and will continue to seek constructive ways to more fully reflect the intrinsic value of Tiptree’s businesses in our share price.”\n\n\n\n \n\n\n\nThree Months Ended\nMarch 31,\n\n\n\n\n\n($ in thousands, except per share information)\n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n\n\nTotal revenues\n\n\n\n$\n\n\n\n497,426\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n498,221\n\n\n\n \n\n\n\n\n\nNet income (loss) attributable to common stockholders\n\n\n\n$\n\n\n\n5,635\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n9,050\n\n\n\n \n\n\n\n\n\nDiluted earnings per share\n\n\n\n$\n\n\n\n0.13\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.22\n\n\n\n \n\n\n\n\n\nCash dividends paid per common share\n\n\n\n$\n\n\n\n0.06\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.06\n\n\n\n \n\n\n\n\n\nReturn on average equity\n\n\n\n \n\n\n\n4.8\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n8.6\n\n\n\n%\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNon-GAAP: (1)\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted net income\n\n\n\n$\n\n\n\n23,332\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n20,533\n\n\n\n \n\n\n\n\n\nAdjusted return on average equity\n\n\n\n \n\n\n\n20.0\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n19.5\n\n\n\n%\n\n\n\n\n\n(1) See “—Non-GAAP Reconciliations” for a discussion of non-GAAP financial measures. Adjusted net income is presented after the impacts of non-controlling interests.\n\n\n\n\nFirst Quarter 2025 Summary\n\n\nRevenues of $497.4 million for the quar...

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