Tiptree Reports Fourth Quarter and 2022 Results

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[{"type":"text","content":" GREENWICH, Conn.--(BUSINESS WIRE)--\nTiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the quarter and year ended December 31, 2022.\n\n“2022 was a strong year for Tiptree, with our operating businesses performing well. Revenues for the year increased to a record $1.4 billion, while contributing an adjusted return on equity of 13.6%. As we look forward, we see significant opportunities to grow our businesses and are confident in the long-term outlook for the company”, said Tiptree’s Executive Chairman, Michael Barnes.\n\n\n\n \n\n\n\nFourth Quarter\n\n\n\n \n\n\n\nYear Ended\n\n\n\n \n\n\n\n\n\n($ in thousands, except per share information)\n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n\n\nTotal revenues\n\n\n\n$\n\n\n\n369,528\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n319,534\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,397,752\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,200,514\n\n\n\n \n\n\n\n \n\n\n\n\n\nNet income (loss) attributable to common stockholders\n\n\n\n$\n\n\n\n871\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(426\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(8,274\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n38,132\n\n\n\n \n\n\n\n \n\n\n\n\n\nDiluted earnings per share\n\n\n\n$\n\n\n\n0.02\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(0.01\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n(0.23\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n1.09\n\n\n\n \n\n\n\n \n\n\n\n\n\nCash dividends paid per common share\n\n\n\n$\n\n\n\n0.04\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.04\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.16\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.16\n\n\n\n \n\n\n\n \n\n\n\n\n\nReturn on average equity\n\n\n\n \n\n\n\n0.9\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n(0.4\n\n\n\n) %\n\n\n\n \n\n\n\n \n\n\n\n(2.1\n\n\n\n) %\n\n\n\n \n\n\n\n \n\n\n\n11.4\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\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\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted net income\n\n\n\n$\n\n\n\n14,568\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n16,859\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n63,401\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n63,869\n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted return on average equity\n\n\n\n \n\n\n\n11.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n16.8\n\n\n\n%\n\n\n\n...

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