Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 230

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 230
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 and non-recurring in nature, including merger and acquisition related expenses, stock-based compensation, net realized and unrealized gains (losses) and intangibles amortization associated with purchase accounting. The calculation of adjusted net income excludes net realized and unrealized gains (losses) that relate to investments or assets rather than business operations. Adjusted return on average equity represents adjusted net income expressed on an annualized basis as a percentage of average beginning and ending stockholders’ equity during the period. Management uses Adjusted net income and adjusted return on average equity as part of its capital allocation process and to assess comparative returns on invested capital. We believe adjusted net income provides additional clarity on the results of the Company’s underlying business operations as a whole for the periods presented by excluding distortions created by the unpredictability and volatility of realized and unrealized gains (losses). We also believe adjusted net income provides useful supplemental information to investors as it is frequently used by the financial community to analyze financial performance between periods and for comparison among companies. 

Adjusted net income and adjusted return on average equity are not measurements of financial performance or liquidity under GAAP and should not be considered as an alternative or substitute for GAAP net income. See “Non-GAAP Reconciliations” for a reconciliation of these measures to their GAAP equivalents.

Selected Key Metrics

($ in thousands, except per share information)Three Months Ended June 30, Six Months EndedJune 30, GAAP:2025202420252024Total revenues$528,750 $546,673 $1,026,176 $1,044,894 Net income (loss) attributable to common stockholders$18,960 $12,851 $24,595 $21,901 Diluted earnings per share$0.37 $0.31 $0.53 $0.54 Cash dividends paid per common share$0.06 $0.06 $0.12 $0.12 Return on average equity15.6 %11.9 %10.3 %10.3 %Non-GAAP: (1)Adjusted net income$27,128 $24,422 $50,460 $44,955 Adjusted return on average equity22.3 %22.7 %21.1 %21.1 %

(1)    See “—Non-GAAP Reconciliations” for a discussion of non-GAAP financial