Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 232

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 232
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30, 2025, the net income attributable to common stockholders was $24.6 million, compared to a net income of $21.9 million in the prior year period. Increases in both periods were driven by growth in Fortegra’s underwriting and fee income, and higher investments gains, partially offset by incremental interest expense on $74.6 million of outstanding borrowings at the holding company level.

Adjusted net income & Adjusted return on average equity - Non-GAAP

Adjusted net income for the three months ended June 30, 2025 was $27.1 million, an increase of $2.7 million, or 11.1%, from the three months ended June 30, 2024, driven by growth in our insurance operations. For the three months ended June 30, 2025, adjusted return on average equity was 22.3%, as compared to 22.7% for the three months ended June 30, 2024. 

Adjusted net income for the six months ended June 30, 2025 was $50.5 million, an increase of $5.5 million, or 12.2%, from the six months ended June 30, 2024, driven by growth in our insurance operations. For the six months ended June 30, 2025 and 2024, adjusted return on average equity was 21.1%.

Book Value per share - Non-GAAP

Total stockholders’ equity was $723.4 million as of June 30, 2025 compared to $618.1 million as of June 30, 2024, with the increase driven by comprehensive income over the trailing four quarters, partially offset by net changes in non-controlling interests, preferred dividends paid at Fortegra and common dividends paid by Tiptree. In the six months ended June 30, 2025, Tiptree returned $4.5 million 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 T