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Tiptree Financial Inc (TIPT)
:TIPT
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.18Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 3.86%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant revenue and income growth, particularly in the insurance and investment segments. Although there were some challenges like a high tax rate and a tough environment for the mortgage business, the positive aspects significantly outweighed the negatives.Company Guidance
During the third quarter 2024 earnings call for Tiptree Inc., executives highlighted several key financial metrics that underscore the company's strong performance and future prospects. Year-to-date revenues increased by 28% compared to the previous year, while the adjusted return on equity reached 22%. Fortegra, Tiptree's insurance company, reported a 28% growth in revenue and a 38% rise in adjusted net income, with gross written premiums totaling $2.2 billion, marking a 10% increase year-over-year. The insurance segment maintained a robust combined ratio of 90%, demonstrating disciplined underwriting despite recent catastrophic events. Tiptree's investment portfolio amounted to $1.5 billion, predominantly invested in high-quality liquid fixed income securities, contributing to a book yield of 4.1%. Consolidated net income for the quarter was $11.9 million, a significant increase from $2.2 million in the prior year, with adjusted net income surging by 56% to $27.9 million. The company's mortgage business also showed resilience, with origination volumes rising modestly and contributing to profitability. Overall, Tiptree's book value per share increased by 18.6% from the prior year, bolstered by earnings growth and a recovery in Fortegra's fixed income portfolio.Revenue Growth
Year-to-date revenues increased by 28% from the prior year, driven by strong performance across the business sectors.
Fortegra's Performance
Fortegra's revenue growth was 28% with adjusted net income growth of 38%, fueled by expansion in specialty insurance lines.
Improved Combined Ratio
Fortegra's combined ratio improved to 90% despite several catastrophic events, showcasing underwriting discipline.
Investment Portfolio Growth
Tiptree Advisors ended the quarter with $1.5 billion of investable assets, focusing on high-quality liquid fixed income securities.
Adjusted Net Income
Adjusted net income for the quarter was $27.9 million, representing a 56% increase, driven by strong underwriting and investment income.
Significant Recovery of Unrealized Losses
Book value per share increased by 18.6% from the prior year, driven by earnings growth and significant recovery of unrealized losses on Fortegra's fixed income portfolio.
Positive Outlook for Mortgage Business
Reliance mortgage business achieved profitability with increased volumes and fee income, anticipating future profit as mortgage rates tighten.
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TIPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TIPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $19.44 | $20.12 | +3.50% |
| Jul 31, 2024 | $19.41 | $17.93 | -7.62% |
| May 01, 2024 | $15.78 | $16.13 | +2.22% |
| Feb 28, 2024 | $17.24 | $17.08 | -0.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tiptree Financial Inc (TIPT) report earnings?
Tiptree Financial Inc (TIPT) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Tiptree Financial Inc (TIPT) earnings time?
Tiptree Financial Inc (TIPT) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TIPT EPS forecast?
Currently, no data Available
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