Tiptree Inc - TIPT STOCK NEWS

Tiptree Inc. (NASDAQ:TIPT) reported Q1 2022 financial results with total revenues of $324.9 million, a 10.3% increase from Q1 2021, driven by growth in specialty insurance and shipping sectors. However, the company faced a net loss of $1 million compared to a net income of $28.6 million in the same period last year. Adjusted net income rose to $15.5 million, reflecting a 17.5% increase. Notably, Fortegra's gross written premiums grew by 25.9%. A dividend of $0.04 per share was declared, with a payment date set for May 31, 2022.

Tiptree Inc. (NASDAQ:TIPT) will hold a conference call on Friday, May 6, 2022, at 9:00 AM ET to discuss its Q1 2022 results. Investors can access the call through the company’s website, where a presentation will also be available. Participants can dial in via dedicated numbers for domestic and international calls. A playback option will be available from May 6, 2022, at 12:00 PM ET, until May 13, 2022. Tiptree specializes in allocating capital to small and middle market companies, focusing on building long-term value.

Fortegra Group has successfully acquired ITC Compliance GRP Limited, the UK’s largest secondary intermediary FCA Network. This acquisition strengthens Fortegra's presence in the UK automotive market, providing a vertical compliance solution. ITC has established itself by granting over 2,600 organizations Appointed Representative status, enabling them to operate with reduced risk. The partnership will leverage ITC's innovative digital platforms to enhance services for automotive partners. Existing ITC members retain the flexibility to work with preferred insurers and finance providers.

Tiptree Inc. (NASDAQ:TIPT) reported record-breaking financial results for the year ended December 31, 2021. Total revenues hit $1.2 billion, a 48.2% increase from 2020, driven by growth in insurance and shipping sectors. The company posted a net income of $38.1 million, a significant turnaround from a loss the previous year. Adjusted net income grew to $63.9 million, reflecting strong performance in its insurance unit, Fortegra, which achieved a 22% return on equity. However, the company reported a net loss of $0.4 million for Q4, impacted by declining mortgage income and increased stock-based compensation expenses.

Tiptree Inc. (NASDAQ:TIPT) will host a conference call on March 10, 2022, at 9:00 AM ET, to discuss its Q4 and FY2021 results. An investor presentation will be available on the company’s website before the call. Participants can submit questions to management via email or join the conference call using designated phone numbers. A replay will be accessible from 12:00 PM ET on March 10 until midnight on March 17, 2022. Tiptree focuses on capital allocation to small and middle-market companies, emphasizing long-term value creation across various sectors.

Tiptree Inc. (NASDAQ: TIPT) announced the income tax treatment for its 2021 common stock distributions, totaling $0.16 per share, classified as return of capital. The distributions occurred in four payments of $0.04 each, with record and payment dates ranging from March to November 2021. Stockholders are advised to consult personal tax advisors regarding the specific tax treatments of these distributions.

Chimera Investment Corporation (NYSE:CIM) announced the appointment of Sandra Bell as a Class II Director on its Board. Bell, who has served as CFO of Tiptree Inc. since July 2015, brings extensive experience from previous roles at Prospect Mortgage and PHH Corporation. She will also participate in the Audit and Risk Committees. Her election is set for the 2022 shareholder meeting, where she will complete the remaining two years of the Class II Director term. Chairman Gerry Creagh expressed confidence in Bell's expertise enhancing the Company.

Tiptree reported Q3 revenues of $286.6 million, up 27.9% year-over-year, with year-to-date revenues hitting $881 million, a 59.3% increase. The company experienced a net income of $2.0 million for the quarter, a drop from $12.8 million in 2020, mainly due to unrealized losses in equity positions. However, adjusted net income rose 16.4% to $20.7 million. Annualized ROAE improved to 14.8% year-to-date. Notably, Tiptree announced a $200 million investment in Fortegra, increasing ownership to 24%.

Tiptree Inc. (NASDAQ:TIPT) announced a conference call and live webcast scheduled for November 4, 2021, at 9:00 AM ET to discuss its Q3 2021 results. An investor presentation will be accessible on the company's website prior to the call. Participants can join the call via telephone or listen to a live broadcast on the website. A playback of the call will be available from 1:00 PM ET on November 4 until midnight on November 11, 2021. Tiptree, a holding company, focuses on specialty insurance and various capital investments.