Tiptree Inc. · NASDAQ:TIPT

Tiptree — Tiptree Financial — Investor Presentation (March 2014)

16 slides from Tiptree's investor presentation, Mar 4, 2014

  1. Slide 1: Company Overview March 2014

    COMPANY OVERVIEW March 2014 TIPTREE FINANCIAL INC. TIPTREE FINANCIAL INC. NASDAQ: TIPT

  2. Slide 2: Disclaimer: Limitations on the Use of Information

    DISCLAIMER 1 TIPTREE FINANCIAL INC. LIMITATIONS ON THE USE OF INFORMATION This presentation has been prepared by Tiptree Financial Inc. (the “Company” or “Tiptree”) solely for informational purposes, and not for the purpose of updating any information or forecast with respect to the Company, its sub

  3. Slide 3: Diversified Holding Company Focused on Four Key Industry Sectors

    DIVERSIFIED HOLDING COMPANY FOCUSED ON FOUR KEY INDUSTRY SECTORS 2  Advantageous structure for shareholder value creation  Opportunistically explores acquisitions  Focuses on scalable business models that will benefit from patient capital  Partners with deeply experienced and motivated entrepren

  4. Slide 4: An Active History of Successful Transactions

    August 2010 Completed majority control acquisition of Care Investment Trust AN ACTIVE HISTORY OF SUCCESSFUL TRANSACTIONS 3 February 2009 Completed majority control acquisition of Muni Funding Company of America June 2010 Completed majority control acquisition of Philadelphia Financial Group April 20

  5. Slide 5: Investment Highlights

    INVESTMENT HIGHLIGHTS 4 TIPTREE FINANCIAL INC. 1 Total return since inception to original investors of Tiptree Financial Partners, L.P. and is defined as total dividends received plus economic book value as of September 30, 2013. 2 Based upon initial purchase price per share net of fees and expenses

  6. Slide 6: Significant Competitive Advantages

    Patient capital partner • Permanent capital vehicle • No fixed time horizons SIGNIFICANT COMPETITIVE ADVANTAGES 5 TIPTREE FINANCIAL INC. 1 Includes debt and equity capital transactions, acquisitions and other strategic transactions. Industry expertise • Focus on financial services • Extensive indust

  7. Slide 7: Seasoned Executive Management Team

    SEASONED EXECUTIVE MANAGEMENT TEAM 6 TIPTREE FINANCIAL INC. Senior Management Title Company Years Experience Year Joined Tiptree Michael Barnes Executive Chairman Tiptree Financial Inc. 27 2007 Geoffrey Kauffman President & Chief Executive Officer Tiptree Financial Inc. 27 2007 Julia Wyatt Chief Fin

  8. Slide 8: Our Operating Subsidiaries

    OUR OPERATING SUBSIDIARIES 7 TIPTREE FINANCIAL INC. Telos Asset Management Specialty finance company focused on tax-exempt lending Specialty life insurance company and third party administrator ` Healthcare focused real estate investment and finance company Asset management company primarily focused

  9. Slide 9: Investment Summary

    INVESTMENT SUMMARY 8 TIPTREE FINANCIAL INC. 1 Based upon initial purchase price per share net of fees and expenses and consolidated economic book value as of September 30, 2013; a reconciliation of economic book value to reported GAAP results is in the appendix to this document. Patient capital part

  10. Slide 10: Appendix

    9 APPENDIX TIPTREE FINANCIAL INC.

  11. Slide 11: Tiptree Organizational Structure

    TIPTREE ORGANIZATIONAL STRUCTURE 10 Tiptree Financial Inc. NASDAQ: TIPT (Maryland corporation) Unit holders Public Stockholders Tiptree Operating Company, LLC2 (Delaware limited liability company) Operating Subsidiaries Member • Membership units (~75%1) • Redeemable for shares of Class A common stoc

  12. Slide 12: Case Study: Acquisition of Philadelphia Financial Group

    CASE STUDY: ACQUISITION OF PHILADELPHIA FINANCIAL GROUP 11 Tiptree has a consistent history of being a valuable partner  Philadelphia Financial Group (“PFG”) is a leading provider of private placement life insurance and a third party administrator to the ultra high net worth and institutional marke

  13. Slide 13: Operating Subsidiaries

    OPERATING SUBSIDIARIES 12 TIPTREE FINANCIAL INC. Summary Highlights  Telos Asset Management (“Telos”) is an asset management company primarily focused on senior secured corporate credit, primarily in the form of CLOs  Approximately $1.5 billion in AUM1  Tiptree acquired Telos in June 2012 from Tr

  14. Slide 14: Operating Subsidiaries

    OPERATING SUBSIDIARIES 13 TIPTREE FINANCIAL INC. Summary Highlights  Muni Funding Company of America (“MFCA”) is a specialty finance company focused on tax-exempt lending, primarily in the healthcare, educational and social services sectors  Tiptree acquired its initial interest in MFCA in Februar

  15. Slide 15: Operating Subsidiaries

    OPERATING SUBSIDIARIES 14 TIPTREE FINANCIAL INC. Summary Highlights  Philadelphia Financial Group (“PFG”) is a private placement life insurance company focused on high- net worth and institutional markets  Tiptree acquired PFG in June 2010 from The Phoenix Companies; July 2012, PFG acquired a thir

  16. Slide 16: Reconciliation of U.S. GAAP to Economic Book Value

    RECONCILIATION OF U.S. GAAP TO ECONOMIC BOOK VALUE1 15 TIPTREE FINANCIAL INC. 1 Economic Book Value (“EBV”) is a non-GAAP financial measure which Tiptree uses to evaluate the performance of its core business. Tiptree believes that EBV provides greater transparency and enhanced visibility into the un

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