Tiptree Inc. (TIPT) Earnings
Tiptree Inc. is expected to report next earnings on July 29, 2026 (in NaN days).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | — | $-0.19 | — | — | — |
| Mar 6, 2026 | — | $-0.25 | — | $-72000 | — |
| Oct 31, 2025 | — | $0.71 | — | $523M | — |
| Jul 30, 2025 | — | $0.58 | — | $529M | — |
| Apr 30, 2025 | — | $0.59 | — | $497M | — |
| Feb 26, 2025 | — | $0.67 | — | $504M | — |
| Oct 30, 2024 | — | $0.71 | — | $494M | — |
| Jul 31, 2024 | — | $0.62 | — | $542M | — |
| May 1, 2024 | — | $0.52 | — | $495M | — |
| Feb 28, 2024 | — | $0.26 | — | $442M | — |
| Nov 1, 2023 | — | $0.62 | — | $417M | — |
| Aug 2, 2023 | — | $0.63 | — | $405M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2024 · October 31, 2024
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### Management Statement and Operational Highlights - **Business Performance**: Strong Q3 performance with YTD revenues up 28% and adjusted return on equity of 22%. Fortegra's revenue and adjusted net income growth driven by specialty insurance lines. - **Insurance Segment**: Gross written premiums up 13% year-over-year, E&S lines growth, combined ratio 90.2% demonstrating underwriting discipline. Investment portfolio $1.5 billion, 90% in high credit quality, liquid securities. - **Investment Portfolio**: $1.5 billion investable assets, net investment income up 35% YTD. Book yield 4.1%, up 90 basis points. Substantial recovery on bond portfolio with $22 million pretax impact to equity. - **Mortgage Segment**: Tiptree Capital with $110 million capital deployed. Mortgage originations $693 million, up 4%. Anticipates origination volumes to improve with declining mortgage rates.
Guidance
### Guidance - Fortegra's top line premiums have compounded 23% annually over the past five years, driven by organic growth, and expected to continue. - Reliance anticipates increased future profit potential as mortgage rates tighten. - Expect the investment portfolio to be a driver of future earnings growth. - Tiptree's intrinsic value per share increased due to Fortegra's adjusted net income growth and Tiptree Capital holdings.
Segment performance
### Segment Performance - **Fortegra (Insurance)**: - Year-to-date revenues increased by 28%, with adjusted net income growth of 38%. Gross written premiums and equivalents were $2.2 billion, a 10% increase over 2023. E&S lines (excess and surplus) represented 40% of total premiums ($312 million) and grew 34% in the quarter. Net written premiums were $389 million, up 17%. Combined ratio improved to 90%. Annualized adjusted return on equity was 28%. - **Reliance (Residential Mortgage Origination and Servicing)**: Volumes increased modestly compared to prior year. Fee income from retained servicing book led the business to profitability. Anticipates increased potential for future profit as mortgage rates tighten.