Tiptree Inc. (TIPT)

Tiptree Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,496	1,472	1,128	904.77	685.55	477.99
Total Interest & Dividend Income	40.36	32.98	26.67	12.22	17.9	9.92
Gain (Loss) on Sale of Investments	33.47	11.05	-8.98	-28.98	8.6	-89.87
Other Revenue	500.34	526.9	503.5	474.94	488.47	412.26
Total Revenue	2,070	2,043	1,649	1,363	1,201	810.3
Revenue Growth (YoY)	4.25%	23.88%	20.99%	13.53%	48.16%	5.90%
Policy Benefits	849.24	841.21	601.79	452.61	327.01	236.9
Policy Acquisition & Underwriting Costs	601.59	648.82	603.03	522.69	396.68	280.21
Depreciation & Amortization	20.46	21.65	23.47	22.97	24.44	17.58
Selling, General & Administrative	37.58	34.02	23.74	26.85	27.67	21.65
Other Operating Expenses	141.08	125.23	112.22	114.95	125.04	94.72
Total Operating Expenses	1,853	1,858	1,535	1,314	1,097	816.22
Operating Income	216.83	185.02	113.57	49.45	103.02	-5.92
Interest Expense	-40.24	-32.25	-27.69	-30.24	-37.67	-32.58
EBT Excluding Unusual Items	176.59	152.77	85.88	19.21	65.34	-38.5
Merger & Restructuring Charges	-	-	-2.82	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	34.8	-	-
Other Unusual Items	-18.06	-3.46	-	-	-	-0.35
Pretax Income	158.53	149.32	83.05	54.01	65.34	-38.85
Income Tax Expense	69.51	61.65	43.06	50.45	21.29	-13.63
Earnings From Continuing Ops.	89.02	87.67	40	3.56	44.05	-25.23
Net Income to Company	89.02	87.67	40	3.56	44.05	-25.23
Minority Interest in Earnings	-38.46	-34.3	-26.05	-11.84	-5.92	-3.93
Net Income	50.57	53.37	13.95	-8.27	38.13	-29.16
Preferred Dividends & Other Adjustments	0.33	0.42	0.1	-	0.7	-
Net Income to Common	50.23	52.95	13.85	-8.27	37.43	-29.16
Net Income Growth	24.28%	282.53%	-	-	-	-
Shares Outstanding (Basic)	37	37	37	36	33	34
Shares Outstanding (Diluted)	39	38	38	36	34	34
Shares Change (YoY)	1.91%	0.82%	5.88%	5.47%	-0.51%	-2.08%
EPS (Basic)	1.34	1.44	0.38	-0.23	1.13	-0.86
EPS (Diluted)	1.15	1.30	0.33	-0.23	1.09	-0.86
EPS Growth	17.79%	289.39%	-	-	-	-
Free Cash Flow	187.16	236.73	57.42	452.35	201.55	133.48
Free Cash Flow Per Share	4.86	6.24	1.53	12.73	5.98	3.94
Dividend Per Share	0.240	0.240	0.200	0.160	0.160	0.160
Dividend Growth	4.35%	20.00%	25.00%	-	-	-
Operating Margin	10.47%	9.06%	6.89%	3.63%	8.58%	-0.73%
Profit Margin	2.43%	2.59%	0.84%	-0.61%	3.12%	-3.60%
Free Cash Flow Margin	9.04%	11.59%	3.48%	33.19%	16.79%	16.47%
EBITDA	237.29	206.68	137.04	72.42	127.45	11.66
EBITDA Margin	11.46%	10.12%	8.31%	5.31%	10.62%	1.44%
D&A For EBITDA	20.46	21.65	23.47	22.97	24.44	17.58
EBIT	216.83	185.02	113.57	49.45	103.02	-5.92
EBIT Margin	10.47%	9.06%	6.89%	3.63%	8.58%	-0.73%
Effective Tax Rate	43.85%	41.29%	51.84%	93.41%	32.58%	-
Revenue as Reported	2,070	2,043	1,649	1,398	1,201	810.3

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q