Tiptree Inc. - TIPT STOCK NEWS

Tiptree Inc. (NASDAQ: TIPT) is set to hold a conference call and live webcast on May 4, 2023, at 9:00 AM ET to discuss its Q1 2023 results. The investor presentation will be accessible on the Company’s website prior to the call. Participants can listen to the live broadcast by visiting the Investor Relations section of the website 15 minutes before the scheduled time. For those wishing to join via telephone, domestic callers can dial 1-877-407-4018, while international participants can call 1-201-689-8471. A replay of the conference call will be available from May 4, 2023, at 12:00 PM ET until May 11, 2023. Tiptree focuses on capital allocation to small and middle market companies, emphasizing building long-term value across various sectors.

Tiptree Inc. (NASDAQ:TIPT) reported strong financial results for 2022, achieving record revenues of $1.4 billion, a 16.4% increase year-over-year. The company’s operating income reflects a net loss of $8.3 million compared to a net income of $38.1 million in 2021, attributed to a deferred tax liability and unrealized investment losses. Notably, adjusted net income decreased slightly to $63.4 million. Fourth-quarter revenues rose 15.6% to $369.5 million, driven by Fortegra’s specialty insurance and gains from vessel sales. A dividend of $0.05 per share was declared, marking a 25% increase. The company is optimistic about future growth opportunities.

Tiptree subsidiary Fortegra has entered into a strategic collaboration with Adlaur LLC, led by former Spinnaker executives Adam Tyburski and Laurence Bunin. The partnership aims to leverage Fortegra's strong A- (Excellent) Financial Strength Rating to provide tailored capacity solutions for managing general agents (MGAs) and program administrators in niche markets across the U.S. Adlaur focuses on complex insurance solutions, targeting excess and surplus lines. The collaboration aims to meet the increasing capacity needs of MGAs, supporting Fortegra's growth strategy while enhancing the underwriting expertise available to carriers.

Tiptree Inc. (NASDAQ: TIPT) is set to hold a conference call on March 9, 2023, at 9:00 AM ET, to discuss its Q4 and FY2022 results. Investors can access the investor presentation on the Company's website before the call. To participate, callers are advised to dial in at least 5 minutes early. A replay of the conference call will be available starting March 9, 2023, at 12:00 PM ET, until March 16, 2023. Tiptree Inc., established in 2007, focuses on investing in small to middle-market companies, primarily in the insurance sector and various other industries.

Fortegra, a global specialty insurer and subsidiary of Tiptree Inc. (NASDAQ: TIPT), has acquired a majority interest in Premia Solutions Limited, a leading provider of automotive protection products in the U.K. and Ireland. This strategic move enhances Fortegra's position in the automotive finance and insurance sector, expanding its capabilities since entering the region in 2017. The partnership, which builds on a relationship dating back to 2018, will help Fortegra innovate and provide compliant products to over 2,000 automotive dealerships and leasing brokers. The acquisition follows Fortegra's earlier purchase of ITC Compliance Limited, further solidifying its market presence.

Tiptree (NASDAQ: TIPT) subsidiary Fortegra Group has launched a new Catalytic Converter Theft Deterrent Product under the Smart AutoCare brand to combat the rising issue of catalytic converter thefts in the U.S. This limited warranty is already available at numerous auto dealers and is designed to protect car owners from the escalating theft rates, which saw over 52,000 reported thefts in 2021, up from around 1,300 in 2018. The product includes a theft deterrent system featuring a tamperproof seal for identification by law enforcement and scrap dealers. Fortegra holds an A.M. Best Financial Strength Rating of A-.

Tiptree Inc. (NASDAQ: TIPT) announced that Deputy CFO Scott McKinney will present at the Southwest IDEAS Investor Conference on November 16, 2022, at 4:45 PM ET in Dallas, TX. The presentation will be accessible via live webcast on the conference website and Tiptree's investor relations page. IDEAS Conferences aim to offer independent platforms for quality companies to showcase their investment potential.

Tiptree is focused on investing in small and mid-sized companies across various sectors, including insurance and specialty finance.

Tiptree announced its financial results for the three and nine months ending September 30, 2022. Revenues reached $363.5 million, up 26.8% from Q3 2021, mainly due to growth in Fortegra’s specialty insurance lines. Net income soared to $14.2 million from $2.0 million in Q3 2021, while adjusted net income slightly decreased by 6.4% to $19.4 million. The company completed vessel sales totaling $67.7 million in 2022 and repurchased 158,162 shares. A dividend of $0.04 per share was declared, payable on November 28, 2022.

Tiptree Inc. (NASDAQ: TIPT) will hold a conference call on November 3, 2022, at 9:00 AM ET to discuss its Q3 2022 results. Investors can access the presentation on the Company's website beforehand. Participants can join the call by dialing in 5 minutes early, with specific numbers for domestic and international attendees. A replay will be available after the call until November 10, 2022. Tiptree focuses on investing in small and middle market companies to build long-term value across various sectors.