Tiptree Financial reports Q2 EPS 31c vs. 16c last year

Reports Q2 revenue $546.7M vs. $404.5M last year. “We are extremely pleased with the second quarter results and remain well-positioned for future growth,” said Tiptree’s Executive Chairman, Michael Barnes. “Fortegra posted record results in the first half with growth in revenues of 34% and adjusted net income of 40%. As always, we remain committed to growing long term shareholder value and will continue to seek constructive ways to more fully reflect the intrinsic value of Tiptree’s businesses in our share price.”