Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 7

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 to stockholders through dividends paid.

Book value per share for the period ended June 30, 2025 was $13.33, a 12.4% increase from book value per share of $11.86 as of June 30, 2024, driven by comprehensive income per share, partially offset by dividends paid of $0.49 per share, net changes in non-controlling interests and preferred dividends paid at Fortegra.

Results by Segment

We classify our business into two reportable segments, Insurance and Mortgage, with the remainder of our operations aggregated into Tiptree Capital - Other. Corporate activities include holding company interest expense, corporate employee compensation and benefits, and other expenses, including public company expenses.

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The following tables present the components of Revenue, Income (loss) before taxes and Adjusted net income for the following periods:

($ in thousands)Three Months Ended June 30, Six Months EndedJune 30, 2025202420252024Revenues:Insurance$513,017 $529,942 $993,598 $1,008,698 Mortgage16,232 15,883 31,411 31,774 Tiptree Capital - other(499)848 1,167 4,422 Corporate— — — — Total revenues$528,750 $546,673 $1,026,176 $1,044,894 Income (loss) before taxes:Insurance$67,144 $51,250 $105,198 $88,061 Mortgage238 528 28 1,281 Tiptree Capital - other(3,305)212 (3,121)3,205 Corporate(11,365)(11,344)(24,043)(22,202)Total income (loss) before taxes$52,712 $40,646 $78,062 $70,345 Non-GAAP - Adjusted net income: (1)Insurance$35,711 $31,959 $67,728 $59,016 Mortgage17 181 627 (128)Tiptree Capital - other(409)175 (856)828 Corporate(8,191)(7,893)(17,039)(14,761)Total adjusted net income$27,128 $24,422 $50,460 $44,955 

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