Company Analysis

Tiptree Inc. (TIPT)

Nasdaq: TIPT · Fire, Marine & Casualty Insurance · Greenwich, CT · filing with the SEC since 2007
Grade3.2
◀ Past 2.4● Present 2.9▶ Future 5.0

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedMar 9, 2026Mar 3, 2025Feb 29, 2024Mar 8, 2023Mar 14, 2022Mar 11, 2021Mar 12, 2020Mar 13, 2019Mar 14, 2018Mar 13, 2017
Revenue4881,520r2,118r1,397,7521,200,514810,301772,728625,826581,798506,423r
For lenders
Interest and dividend income·18,16316,03512,2907,592·····
Interest and investment income·32,97626,67412,21917,8969,91614,01719,17916,28612,981
Interest expense on deposits and borrowings·32,24827,69230,240······
Provision for credit losses·121119141274223175195··
For insurers
Premiums earned·1,471,9301,127,834904,765685,552477,991499,108427,837371,700229,436
Benefits, claims and losses·722,190482,506361,601253,473178,248151,009134,852108,53984,950
Selling, general and administrative·42,58738,08626,21636,65422,29518,56316,21814,80014,567r
Total operating expenses47,21241,794r45,576r1,343,7411,135,172849,153743,589645,622595,585477,537r
Total costs and expenses·····813,493709,348r615,378r566,515442,731
Operating income-46,724-40,274-43,458·······
Interest expense·32,24827,69230,24037,44332,58227,05927,01325,59720,913r
Income before income taxes-44,602-38,562r-43,479r54,01165,342-38,85229,139-19,796-3,33049,140r
Income tax expense-5,691-6,217r-4,747r50,45021,291-13,6279,017-5,909-12,56212,515r
Income from continuing operations-38,911-32,345-38,732··-25,22520,122-13,8879,23236,625r
Income from discontinued operations73,83885,71252,692··0043,770-3,998-4,287r
Net income including non-controlling interests34,92753,367r13,960r3,56144,051-25,22520,12229,8835,23432,338
Net income to non-controlling interests00r9r11,8355,9193,9331,7615,950··
Net income34,92753,36713,951-8,27438,132-29,15818,36123,9333,60425,320
Net income to common shareholders34,92753,368r13,951r-8,27437,429-29,15817,88923,933··
Earnings per share, basic0.931.440.38-0.231.13-0.860.520.69··
Earnings per share, diluted0.761.34r0.34r-0.231.09-0.860.500.69··
Weighted average shares, basic37,559,80736,872,70636,693,20435,531,14933,223,79233,859,77534,578,29234,715,852··
Weighted average shares, diluted37,559,80736,872,706r36,693,204r35,531,14933,688,25633,859,77534,578,29234,715,852··
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet
Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed
Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet
Benefits, claims and losses what it paid or set aside for claimsus-gaap:PolicyholderBenefitsAndClaimsIncurredNet
Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseDebt
us-gaap:InterestExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton TIPT · research, not advice