Tiptree Reports Q1 2021 Results With Record Revenues and Net Income
Tiptree (NASDAQ:TIPT) reported financial results for Q1 2021, showcasing total revenues of $294.7 million, a significant jump from $129.7 million in Q1 2020. The company experienced a net income of $28.6 million compared to a loss of $60 million in the same period last year. Diluted earnings per share rose to $0.81, up from a loss of $1.74. The return on average equity improved to 31.8%, while cash dividends remained steady at $0.04 per share, reflecting consistent shareholder returns.
- Total revenues increased to $294.7 million from $129.7 million year-over-year.
- Net income attributable to common stockholders improved to $28.6 million from a loss of $60 million.
- Diluted earnings per share rose to $0.81, up from a loss of $1.74.
- Return on average equity improved to 31.8% from a negative 64.1%.
- Cash dividends remained consistent at $0.04 per share.
- None.
Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), a holding company that combines specialty insurance operations with investment management, today announced its financial results for the three months ended March 31, 2021.
($ in thousands, except per share information) |
Three Months Ended March 31, |
||||||
GAAP: |
2021 |
|
2020 |
||||
Total revenues |
$ |
294,688 |
|
|
$ |
129,671 |
|
Net income (loss) attributable to common stockholders |
$ |
28,581 |
|
|
$ |
(60,007 |
) |
Diluted earnings per share |
$ |
0.81 |
|
|
$ |
(1.74 |
) |
Cash dividends paid per common share |
$ |
0.04 |
|
|
$ |
0.04 |
|
Return on average equity |
31.8 |
% |
|
(64.1 |
)% |
||
|
|
|
|
||||
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FAQ
What were Tiptree's financial results for Q1 2021?
Tiptree reported total revenues of $294.7 million, net income of $28.6 million, and diluted earnings per share of $0.81 for Q1 2021.
How did Tiptree's revenues in Q1 2021 compare to Q1 2020?
Tiptree's revenues increased significantly to $294.7 million in Q1 2021, compared to $129.7 million in Q1 2020.
What is Tiptree's return on average equity for Q1 2021?
Tiptree's return on average equity for Q1 2021 improved to 31.8%, up from -64.1% in the same quarter of the previous year.
Did Tiptree pay dividends in Q1 2021?
Yes, Tiptree paid cash dividends of $0.04 per common share in both Q1 2021 and Q1 2020.
Tiptree Inc.
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TIPT Stock Data
811.52M
22.92M
38.08%
40.23%
0.52%
Insurance - Specialty
Fire, Marine & Casualty Insurance
United States of America
GREENWICH
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