Tiptree Inc

NASDAQCM:TIPT

United States / Financials / Insurance

Overview

News

5Y Bank Historical Financials

Stock Price

24.28 USD

Model Summary
-	-
Key Metrics	Latest
Total Revenue	2.043 B
Net Profit Margin	4.4%
Total Assets	5.695 B
Total Equity	656.8 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

						Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Net Revenue	810	1,201	1,363	1,649	2,043	2,043	1,649	2,043
% Growth	NA	48.2%	13.5%	21.0%	23.9%			23.9%

Adjusted Net Income	(25)	44	(22)	42	90	90	42	90
% Margin	-3.1%	3.7%	-1.6%	2.6%	4.4%	4.4%	2.6%	4.4%

Adjusted Basic EPS	(0.74)	1.33	(0.62)	1.15	2.45	2.45	1.15	2.45

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD						Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Net Revenue	810	1,201	1,363	1,649	2,043	2,043	1,649	2,043
% Growth	NA	48.2%	13.5%	21.0%	23.9%			23.9%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(187)	(224)	(200)	(195)	(221)	(221)	(195)	(221)
Other Exp / (Inc)	(630)	(873)	(1,078)	(1,343)	(1,640)	(1,640)	(1,343)	(1,640)
Total Operating Exp	(817)	(1,097)	(1,279)	(1,538)	(1,861)	(1,861)	(1,538)	(1,861)

Operating Income	(6)	103	84	111	182	182	111	182
% Revenue	-0.8%	8.6%	6.2%	6.7%	8.9%	8.9%	6.7%	8.9%

Interest Expense	(33)	(38)	(30)	(28)	(32)	(32)	(28)	(32)
Pre-tax Income	(39)	65	54	83	149	149	83	149
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	14	(21)	(50)	(43)	(62)	(62)	(43)	(62)
Net Income to Company	(25)	44	4	40	88	88	40	88
% Margin	-3.1%	3.7%	0.3%	2.4%	4.3%	4.3%	2.4%	4.3%

Minority Interest in Earnings	(4)	(6)	(12)	(26)	(34)	(34)	(26)	(34)
Net Income to Stockholders	(29)	38	(8)	14	53	53	14	53

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	(1)	0	(0)	(0)	(0)	(0)	(0)

Net Income to Common	(29)	37	(8)	14	53	53	14	53
% Margin	-3.6%	3.1%	-0.6%	0.8%	2.6%	2.6%	0.8%	2.6%

As Reported
Basic EPS (Continuing Ops)	(0.86)	1.13	(0.23)	0.38	1.44	1.44	0.38	1.44
Diluted EPS (Continuing Ops)	(0.86)	1.09	(0.23)	0.33	1.30	1.30	0.33	1.30

WA Basic Shares Out.	34	33	36	37	37	37	37	37
WA Diluted Shares Out.	34	34	36	38	38	38	38	38

Unusual Items Reconciliation
Addback: Other Non Operating Expenses, Total	0	0	0	0	0	0	0	0
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	3	0	0	3	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	(35)	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	3	3	0	3
Total Unusual Items	0	0	(35)	3	3	3	3	3
% Margin	0.0%	0.0%	-2.6%	0.2%	0.2%	0.2%	0.2%	0.2%

Adjusted Net Income Reconciliation
Net Income to Company	(25)	44	4	40	88	88	40	88
Addback: Unusual Items	0	0	(35)	3	3	3	3	3
Less: Tax Benefit of Unusual Items (26%)	(0)	0	9	(1)	(1)	(1)	(1)	(1)
Adjusted Net Income	(25)	44	(22)	42	90	90	42	90
% Margin	-3.1%	3.7%	-1.6%	2.6%	4.4%	4.4%	2.6%	4.4%

Adjusted Basic EPS	(0.74)	1.33	(0.62)	1.15	2.45	2.45	1.15	2.45

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Tiptree Inc

NASDAQCM:TIPT

United States / Financials / Insurance

5Y Bank Historical Financials