Welcome to our dedicated page for Tiptree news (Ticker: $TIPT), a resource for investors and traders seeking the latest updates and insights on Tiptree stock.
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Tiptree Inc. (NASDAQ:TIPT) announced its financial results for Q1 2024, with total revenues of $498.2 million, a 30.6% increase from Q1'23. Net income was $9.1 million compared to a loss in Q1'23. Adjusted net income rose by 63.5% to $20.5 million. Annualized Adjusted return on average equity was 19.5%. Company declared a dividend of $0.06 per share. Fortegra Group saw impressive growth in premiums and net income, driving a positive financial outlook. Tiptree Capital had a notable increase in income before taxes. Corporate expenses remained stable. Management uses non-GAAP measures for financial analysis.
