Company: TIPT
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001393726-25-000038
Chunk: 3

Company: TIPTREE INC.
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 3
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10-K for the year ended December 31, 2024 filed with the SEC.

#### Full-Year 2024 Summary
| ($ in thousands, except per share information)        |     | FY’24 |           |   |     | FY’23 |           |   |
|:------------------------------------------------------|:----|:------|----------:|:--|:----|:------|----------:|:--|
| Total revenues                                        |     | $     | 2,042,854 |   |     | $     | 1,649,031 |   |
| Net income (loss) attributable to common stockholders |     | $     |    53,367 |   |     | $     |    13,951 |   |
| Diluted earnings per share                            |     | $     |      1.30 |   |     | $     |      0.33 |   |
| Cash dividends paid per common share                  |     | $     |      0.49 |   |     | $     |      0.20 |   |
| Return on average equity                              |     |       |      12.2 | % |     |       |       3.4 | % |
| Non-GAAP:(1)                                          |     |       |           |   |     |       |           |   |
| Adjusted net income                                   |     | $     |   100,060 |   |     | $     |    61,917 |   |
| Adjusted return on average equity                     |     |       |      22.9 | % |     |       |      15.2 | % |
| Book value per share                                  |     | $     |     12.29 |   |     | $     |     11.34 |   |

____________________________

(1) For a reconciliation to GAAP financials, see “Annex A: Non-GAAP Measures.” Adjusted net income is presented before the impacts of non-controlling interests.

• Revenues of $2.04 billion, an increase of 23.9% from 2023, driven by growth in The Fortegra Group, Inc.’s (“Fortegra”) specialty insurance lines, net investment income, investment gains, and mortgage revenues. Excluding investment gains and losses, revenues increased 22.4%.

• Net income of $53.4 million compared to net income of $14.0 million in