Sector: Financials | Industry: Holding Companies |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 660 STEAMBOAT ROAD, 2ND FLOOR GREENWICH CT 06830 |
Tel: | N/A |
Website: | https://www.tiptreeinc.com |
IR: | See website |
Key People | ||
Michael G. Barnes Executive Chairman of the Board | Randy S. Maultsby President, Director | Jonathan Ilany Chief Executive Officer, Director |
Scott T. Mckinney Chief Financial Officer | Neil C. Rifkind Vice President, General Counsel, Secretary |
Business Overview |
Tiptree Inc. is a holding company engaged in allocating capital to select small and middle market companies across industries. The Company invests across a variety of industries and asset types, including the insurance, asset management, specialty finance, real estate, and shipping sectors. The Company's segments include Insurance and Tiptree Capital. The Insurance segment consists of Fortegra Group, LLC (Fortegra), which is a multinational specialty insurance company focused on underwriting complex and niche risks in underserved markets. Fortegra is an underwriting-focused company, with expertise within the admitted and excess and surplus (E&S) insurance lines and capital light fee-based services markets. It owns a diversified group of businesses and investments that are owned and managed separately as Tiptree Capital, which includes its mortgage segment operations. Tiptree Capital consists primarily of its mortgage operations and principal investments. |
Financial Overview |
For the fiscal year ended 31 December 2023, Tiptree Inc revenues increased 18% to $1.65B. Net income applicable to common stockholders totaled $13.9M vs. loss of $8.3M. Revenues reflect Tiptree Insurance segment increase of 28% to $1.59B. Net Income reflects Mortgage origination expenses decrease of 30% to $12.2M (expense), Employee compensation and benefits decrease of 2% to $179.1M (expense). |
Employees: | 1,504 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $508.22M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,649M as of Dec 31, 2023 |
EBITDA (TTM): | $107.51M as of Dec 31, 2023 |
Net annual income (TTM): | $13.85M as of Dec 31, 2023 |
Free cash flow (TTM): | $43.69M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 36,781,281 as of Mar 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |