Tiptree (TIPT) Financials

$21.74 -0.26 (-1.18%)

Closing price 04:00 PM Eastern

Extended Trading

$21.74 0.00 (0.00%)

As of 06:43 PM Eastern

Annual Income Statements for Tiptree

This table shows Tiptree's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	53	14	-8.27	38	-29	18	24	7.21	25	5.78	-1.71
Consolidated Net Income / (Loss)	88	40	3.56	44	-25	20	30	26	90	8.80	4.58
Net Income / (Loss) Continuing Operations	88	40	3.56	44	-25	20	-14	9.23	37	-2.15	-3.35
Total Pre-Tax Income	149	83	54	65	-39	29	-20	-3.33	49	-2.90	0.79
Total Revenue	2,011	1,621	1,368	1,163	778	746	599	567	506	385	80
Net Interest Income / (Expense)	0.73	-1.02	-18	-20	-23	-13	-7.83	-26	-21	0.00	0.00
Total Interest Income	33	27	12	18	9.92	14	19	0.00	0.00	0.00	0.00
Investment Securities Interest Income	33	27	12	18	9.92	14	19	-	-	-	-
Total Interest Expense	32	28	30	38	33	27	27	26	21	0.00	0.00
Long-Term Debt Interest Expense	32	28	30	38	33	27	27	26	21	-	-
Total Non-Interest Income	2,010	1,622	1,386	1,183	800	759	607	592	527	385	80
Trust Fees by Commissions	15	15	14	12	21	9.61	9.65	8.77	25	-	-
Service Charges on Deposit Accounts	405	396	321	261	187	106	102	95	109	-	-
Other Service Charges	67	59	76	73	52	60	38	53	63	182	32
Net Realized & Unrealized Capital Gains on Investments	51	25	70	151	62	84	29	64	100	37	15
Premiums Earned	1,472	1,128	905	686	478	499	428	372	229	166	13
Total Non-Interest Expense	1,861	1,538	1,314	1,097	817	717	619	570	436	395	99
Salaries and Employee Benefits	853	782	705	604	453	433	376	358	263	195	37
Other Operating Expenses	986	733	585	469	346	270	230	74	93	156	50
Depreciation Expense	22	23	23	24	18	14	13	14	14	31	12
Income Tax Expense	62	43	50	21	-14	9.02	-5.91	-13	13	-0.75	4.14
Net Income / (Loss) Attributable to Noncontrolling Interest	34	26	12	5.92	3.93	1.76	5.95	3.26	14	-	-
Basic Earnings per Share	$1.44	$0.38	($0.23)	$1.13	($0.86)	$0.52	$0.69	$0.12	$0.79	-	-
Weighted Average Basic Shares Outstanding	36.87M	36.69M	35.53M	33.22M	33.86M	34.58M	34.72M	29.13M	31.72M	33.20M	17.10M
Diluted Earnings per Share	$1.30	$0.33	($0.23)	$1.09	($0.86)	$0.50	$0.69	$0.11	$0.78	-	-
Weighted Average Diluted Shares Outstanding	37.93M	37.62M	35.53M	33.69M	33.86M	34.58M	34.72M	37.31M	31.77M	33.20M	17.10M
Weighted Average Basic & Diluted Shares Outstanding	37.26M	36.76M	36.73M	34.39M	32.54M	34.43M	34.51M	29.13M	31.72M	33.20M	17.10M
Cash Dividends to Common per Share	$0.49	$0.20	$0.16	$0.16	$0.16	$0.16	$0.14	$0.12	$0.10	-	-

This table shows Tiptree's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	5.64	20	12	13	9.05	6.87	2.15	5.99	-1.06	0.87	14
Consolidated Net Income / (Loss)	13	29	20	22	16	16	8.87	12	3.15	6.12	20
Net Income / (Loss) Continuing Operations	13	29	20	22	16	16	8.87	12	3.15	6.12	20
Total Pre-Tax Income	25	42	37	41	30	30	21	24	8.17	25	25
Total Revenue	487	495	487	539	490	439	410	397	375	364	358
Net Interest Income / (Expense)	1.37	2.40	1.50	-1.63	-1.53	-0.41	-1.30	2.04	-1.36	-3.35	-1.87
Total Interest Income	12	11	9.11	6.38	6.76	7.06	5.42	9.09	5.11	2.06	3.63
Investment Securities Interest Income	12	11	9.11	6.38	6.76	7.06	5.42	9.09	5.11	2.06	3.63
Total Interest Expense	10	8.33	7.61	8.02	8.29	7.47	6.72	7.04	6.47	5.40	5.50
Long-Term Debt Interest Expense	10	8.33	7.61	8.02	8.29	7.47	6.72	7.04	6.47	5.40	5.50
Total Non-Interest Income	486	493	485	540	491	439	411	395	377	367	360
Trust Fees by Commissions	3.63	3.86	3.72	5.07	2.74	4.15	2.44	4.68	3.65	3.99	4.02
Service Charges on Deposit Accounts	97	93	95	106	110	106	100	98	92	88	83
Other Service Charges	14	15	18	18	15	16	16	14	13	13	17
Net Realized & Unrealized Capital Gains on Investments	6.83	14	8.32	13	16	12	1.46	8.83	2.18	20	17
Premiums Earned	363	367	359	398	347	301	291	270	265	243	238
Total Non-Interest Expense	462	453	450	498	460	409	389	374	367	339	333
Salaries and Employee Benefits	207	218	206	223	206	208	199	187	187	180	176
Other Operating Expenses	250	230	238	270	249	194	183	181	174	154	152
Depreciation Expense	4.88	5.40	5.40	5.29	5.57	5.99	6.35	5.88	5.25	5.26	5.55
Income Tax Expense	12	13	16	19	14	14	12	12	5.02	19	5.07
Net Income / (Loss) Attributable to Noncontrolling Interest	7.33	9.79	8.56	9.12	6.83	9.26	6.72	5.86	4.21	5.25	5.83
Basic Earnings per Share	$0.15	$0.53	$0.32	$0.35	$0.24	$0.19	$0.06	$0.16	($0.03)	$0.05	$0.39
Weighted Average Basic Shares Outstanding	37.35M	36.87M	36.79M	36.79M	36.77M	36.69M	36.75M	36.74M	36.52M	35.53M	36.30M
Diluted Earnings per Share	$0.13	$0.48	$0.29	$0.31	$0.22	$0.16	$0.04	$0.16	($0.03)	$0.06	$0.38
Weighted Average Diluted Shares Outstanding	38.45M	37.93M	37.82M	37.75M	37.78M	37.62M	37.68M	37.59M	36.52M	35.53M	36.78M
Weighted Average Basic & Diluted Shares Outstanding	37.50M	37.26M	37.06M	36.79M	36.79M	36.76M	36.75M	36.75M	36.74M	36.73M	36.25M
Cash Dividends to Common per Share	$0.06	$0.31	$0.06	$0.06	$0.06	$0.05	$0.05	$0.05	$0.05	$0.04	$0.04

This table details how cash moves in and out of Tiptree's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-76	-58	356	4.29	48	52	-53	65	-0.70	16	-39
Net Cash From Operating Activities	241	71	463	204	140	24	58	47	37	-9.46	24
Net Cash From Continuing Operating Activities	241	71	463	204	140	24	58	47	37	-6.58	7.60
Net Income / (Loss) Continuing Operations	88	40	3.56	44	-25	20	30	5.23	58	12	19
Consolidated Net Income / (Loss)	88	40	3.56	44	-25	20	30	5.23	58	12	11
Depreciation Expense	22	23	23	24	18	14	13	30	29	47	12
Amortization Expense	-4.79	-6.43	2.32	4.55	3.24	1.88	1.96	4.09	3.42	4.04	0.70
Non-Cash Adjustments to Reconcile Net Income	43	53	260	-70	56	-74	-17	12	-51	-40	8.69
Changes in Operating Assets and Liabilities, net	93	-39	174	201	89	63	30	-5.88	-1.59	-30	-11
Net Cash From Investing Activities	-323	-245	9.51	-274	-123	-8.33	-109	213	-314	-218	-570
Net Cash From Continuing Investing Activities	-323	-245	9.51	-274	-123	-8.33	-109	213	-314	-218	-567
Purchase of Property, Leasehold Improvements and Equipment	-4.03	-14	-11	-2.76	-6.69	-8.52	-3.75	-39	-64	-23	-19
Purchase of Investment Securities	-1,063	-1,645	-1,327	-1,508	-1,562	-461	-359	-349	-453	-493	-1,185
Sale and/or Maturity of Investments	744	1,414	1,347	1,237	1,445	443	238	586	247	167	635
Net Cash From Financing Activities	6.29	113	-115	74	32	37	-2.00	-194	277	244	507
Net Cash From Continuing Financing Activities	6.29	113	-115	74	32	37	-2.00	-194	277	244	514
Issuance of Debt	1,236	1,432	2,365	4,084	3,380	2,237	1,632	1,858	2,085	1,443	828
Issuance of Common Equity	0.00	0.00	19	0.00	0.00	-	-	-	3.34	-	-
Repayment of Debt	-1,212	-1,290	-2,667	-3,993	-3,326	-2,182	-1,618	-1,826	-1,961	-1,193	-809
Repurchase of Common Equity	0.00	0.00	-1.73	-8.15	-14	-9.09	-14	-7.30	-44	-3.98	-0.04
Payment of Dividends	-25	-14	-7.78	-5.41	-5.57	-5.50	-4.78	-3.50	-6.19	-3.31	0.00
Other Financing Activities, Net	7.64	-15	177	-3.53	-2.13	-3.52	2.91	-215	199	0.81	495
Effect of Exchange Rate Changes	-0.36	1.53	-1.83	0.00	0.00	-	-	-	-	-	-
Cash Interest Paid	29	27	29	37	30	26	26	34	27	55	65
Cash Income Taxes Paid	15	-15	2.26	2.08	1.07	3.30	-5.09	5.05	6.18	39	5.17

This table details how cash moves in and out of Tiptree's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	12	-88	-101	2.42	110	-45	139	-28	-125	37	163
Net Cash From Operating Activities	-33	70	61	47	63	-22	57	-6.68	43	62	116
Net Cash From Continuing Operating Activities	-33	70	61	47	63	-22	57	-6.68	43	62	116
Net Income / (Loss) Continuing Operations	13	29	20	22	16	16	8.87	12	3.15	6.12	20
Consolidated Net Income / (Loss)	13	29	20	22	16	16	8.87	12	3.15	6.12	20
Depreciation Expense	4.88	5.40	5.40	5.29	5.57	5.99	6.35	5.88	5.25	5.26	5.55
Amortization Expense	-0.85	-1.28	-0.63	-1.44	-1.44	-1.98	-1.35	-2.91	-0.19	0.22	0.22
Non-Cash Adjustments to Reconcile Net Income	13	-5.31	17	16	15	16	20	11	5.87	16	9.09
Changes in Operating Assets and Liabilities, net	-63	42	19	5.00	28	-59	23	-33	29	34	81
Net Cash From Investing Activities	-18	-177	-165	-22	40	-100	128	-25	-248	-19	52
Net Cash From Continuing Investing Activities	-18	-177	-165	-22	40	-100	128	-25	-248	-19	52
Purchase of Property, Leasehold Improvements and Equipment	-1.12	-1.80	-0.54	-0.91	-0.79	-1.53	-0.92	-6.63	-4.95	-5.41	-2.23
Purchase of Investment Securities	-195	-366	-229	-158	-309	-488	-331	-269	-557	-356	-280
Sale and/or Maturity of Investments	178	191	65	137	351	389	460	251	314	342	335
Net Cash From Financing Activities	61	24	-3.06	-23	7.98	74	-41	2.57	78	-11	-2.65
Net Cash From Continuing Financing Activities	61	24	-3.06	-23	7.98	74	-41	2.57	78	-11	-2.65
Issuance of Debt	331	462	267	253	254	348	346	368	370	251	302
Repayment of Debt	-263	-424	-266	-272	-251	-270	-383	-354	-283	-258	-298
Payment of Dividends	-3.88	-13	-3.82	-3.93	-3.82	-3.45	-3.43	-3.41	-3.45	-3.07	-1.89
Other Financing Activities, Net	-2.55	-0.74	-0.13	-0.24	8.75	-1.22	-	-7.48	-6.08	-0.57	-4.23
Effect of Exchange Rate Changes	1.79	-5.54	5.60	0.34	-0.75	3.46	-4.44	1.24	1.26	5.01	-3.64

This table presents Tiptree's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	5,695	5,139	4,040	3,599	2,996	2,198	1,865	1,990	2,890	2,495	8,205
Cash and Due from Banks	320	469	538	176	137	133	86	111	50	69	53
Restricted Cash	96	24	13	19	58	11	11	32	24	19	6.81
Trading Account Securities	1,351	1,052	836	990	501	491	407	208	195	197	171
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Unearned Premiums Asset	1,046	901	725	-	-	-	-	-	-	-	-
Deferred Acquisition Cost	566	566	499	379	229	166	170	147	127	58	8.62
Goodwill	207	206	187	179	179	99	92	92	93	-	-
Intangible Assets	103	119	117	123	138	48	52	64	74	186	212
Other Assets	2,006	1,804	1,125	1,733	1,753	1,250	1,048	1,337	2,328	1,759	7,724
Total Liabilities & Shareholders' Equity	5,695	5,139	4,040	3,599	2,996	2,198	1,865	1,990	2,890	2,495	8,205
Total Liabilities	5,038	4,563	3,506	3,199	2,622	1,787	1,466	1,593	2,500	2,097	7,803
Long-Term Debt	427	402	259	393	366	374	354	346	555	667	363
Claims and Claim Expense	1,298	845	567	332	233	-	-	-	-	-	-
Unearned Premiums Liability	1,766	1,695	1,357	1,124	861	755	599	503	415	390	300
Other Long-Term Liabilities	1,547	1,620	1,322	1,350	1,162	513	381	631	1,427	960	7,077
Total Equity & Noncontrolling Interests	657	577	534	400	374	411	399	397	348	398	402
Total Preferred & Common Equity	458	417	397	383	356	398	387	300	293	313	284
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	458	417	397	383	356	398	387	300	336	313	284
Common Stock	390	382	383	317	315	326	332	296	297	297	271
Retained Earnings	96	61	54	68	35	70	57	38	38	16	13
Accumulated Other Comprehensive Income / (Loss)	-28	-26	-39	-2.69	5.67	1.70	-2.06	0.97	0.05	-0.11	-0.05
Noncontrolling Interest	199	160	136	17	17	13	12	97	97	85	117

This table presents Tiptree's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,819	5,506	5,305	5,190	4,827	4,634	4,308	3,994
Cash and Due from Banks	342	396	497	475	515	372	412	503
Restricted Cash	86	108	108	128	23	26	14	10
Trading Account Securities	1,434	1,246	1,028	1,000	934	1,091	1,078	817
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Unearned Premiums Asset	969	978	962	908	894	-	-	-
Deferred Acquisition Cost	554	571	545	565	539	521	504	485
Goodwill	206	209	206	206	205	206	207	186
Intangible Assets	100	108	111	115	123	128	131	120
Other Assets	2,127	1,889	1,847	1,794	1,595	2,291	1,962	1,872
Total Liabilities & Shareholders' Equity	5,819	5,506	5,305	5,190	4,827	4,634	4,308	3,994
Total Liabilities	5,136	4,850	4,687	4,591	4,284	4,088	3,766	3,475
Long-Term Debt	495	389	387	406	324	361	347	266
Claims and Claim Expense	1,422	1,193	1,087	962	813	722	640	513
Unearned Premiums Liability	1,732	1,710	1,671	1,660	1,607	1,521	1,403	1,349
Other Long-Term Liabilities	1,487	1,558	1,541	1,563	1,540	1,483	1,376	1,346
Total Equity & Noncontrolling Interests	683	656	618	599	544	546	542	520
Total Preferred & Common Equity	474	462	436	425	396	402	401	387
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	474	462	436	425	396	402	401	387
Common Stock	394	389	388	385	381	380	383	380
Retained Earnings	99	88	78	67	56	55	51	55
Accumulated Other Comprehensive Income / (Loss)	-20	-15	-29	-28	-41	-33	-33	-48
Noncontrolling Interest	210	194	182	174	147	144	141	132

This table displays calculated financial ratios and metrics derived from Tiptree's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.01%	18.56%	17.60%	49.52%	4.30%	24.52%	5.67%	12.07%	31.19%	379.92%	325.43%
EBITDA Growth	66.04%	26.21%	-15.94%	623.20%	-140.44%	951.31%	-117.03%	-69.66%	147.41%	772.71%	51.56%
EBIT Growth	79.79%	53.77%	-17.34%	268.18%	-233.33%	247.20%	-494.47%	-104.80%	808.61%	47.73%	-48.73%
NOPAT Growth	119.18%	1,023.20%	-91.92%	261.97%	-235.16%	245.21%	-494.47%	-110.83%	671.80%	-96.50%	755.42%
Net Income Growth	119.18%	1,023.20%	-91.92%	274.63%	-225.36%	-32.66%	14.28%	-70.95%	922.45%	92.02%	-88.75%
EPS Growth	293.94%	243.48%	-121.10%	226.74%	-272.00%	-27.54%	527.27%	-85.90%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	236.95%	-84.57%	126.65%	45.76%	490.38%	-58.87%	23.03%	28.04%	487.55%	-139.98%	879.47%
Free Cash Flow Firm Growth	88.21%	-3,617.34%	142.83%	-151.33%	252.27%	49.04%	-112.18%	41.56%	147.52%	-1,496.74%	-124.50%
Invested Capital Growth	10.71%	23.46%	-0.07%	7.27%	-5.86%	4.32%	1.41%	-21.39%	-11.24%	39.20%	14.75%
Revenue Q/Q Growth	2.88%	4.84%	4.94%	4.63%	7.34%	10.33%	-1.26%	4.12%	7.69%	8.30%	1,560.50%
EBITDA Q/Q Growth	7.95%	3.69%	36.44%	-18.63%	48.35%	108.57%	-178.34%	-64.86%	93.11%	56.91%	68.79%
EBIT Q/Q Growth	8.84%	6.45%	74.85%	-25.75%	27.44%	380.05%	-85.88%	-106.33%	354.09%	48.80%	5.06%
NOPAT Q/Q Growth	17.74%	33.38%	331.08%	-25.59%	27.44%	196.13%	-117.85%	-390.70%	-17.64%	120.83%	412.25%
Net Income Q/Q Growth	17.74%	33.38%	331.08%	-25.59%	31.50%	25.11%	-52.46%	-56.68%	357.11%	2,795.39%	-89.68%
EPS Q/Q Growth	32.65%	43.48%	20.69%	-28.29%	27.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	61.92%	-54.13%	10.48%	-20.81%	93.25%	-29.23%	-12.53%	-48.91%	181.75%	62.12%	157.98%
Free Cash Flow Firm Q/Q Growth	83.29%	-184.13%	139.98%	-123.27%	131.47%	-139.85%	-104.98%	298.78%	245.47%	-462.13%	88.23%
Invested Capital Q/Q Growth	3.75%	12.89%	0.90%	2.13%	-2.59%	6.64%	-1.04%	-40.89%	-18.21%	3.14%	-22.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	8.27%	6.17%	5.80%	8.11%	-2.32%	5.98%	-0.87%	5.43%	20.04%	10.63%	-7.58%
EBIT Margin	7.43%	5.12%	3.95%	5.62%	-5.00%	3.91%	-3.31%	-0.59%	13.72%	-2.54%	-23.33%
Profit (Net Income) Margin	4.36%	2.47%	0.26%	3.79%	-3.24%	2.70%	4.99%	4.61%	17.80%	2.28%	5.71%
Tax Burden Percent	58.71%	48.16%	6.59%	67.42%	64.93%	69.06%	-150.95%	-785.23%	183.14%	-303.10%	581.73%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	70.81%	29.65%	-4.21%
Effective Tax Rate	41.29%	51.84%	93.41%	32.58%	0.00%	30.94%	0.00%	0.00%	25.47%	0.00%	525.51%
Return on Invested Capital (ROIC)	8.50%	4.51%	0.45%	5.75%	-3.57%	2.61%	-1.85%	-0.28%	2.14%	0.31%	11.14%
ROIC Less NNEP Spread (ROIC-NNEP)	8.50%	4.51%	0.45%	5.75%	-3.03%	2.61%	10.64%	5.76%	12.97%	1.47%	-12.61%
Return on Net Nonoperating Assets (RNNOA)	5.72%	2.69%	0.31%	5.64%	-2.86%	2.35%	9.36%	7.30%	22.01%	1.90%	-9.99%
Return on Equity (ROE)	14.22%	7.21%	0.76%	11.39%	-6.43%	4.96%	7.51%	7.03%	24.15%	2.20%	1.15%
Cash Return on Invested Capital (CROIC)	-1.67%	-16.48%	0.52%	-1.26%	2.48%	-1.61%	-3.25%	23.68%	14.05%	-32.47%	-2.60%
Operating Return on Assets (OROA)	2.76%	1.81%	1.41%	1.98%	-1.50%	1.43%	-1.03%	-0.14%	2.58%	-0.18%	-0.25%
Return on Assets (ROA)	1.62%	0.87%	0.09%	1.34%	-0.97%	0.99%	1.55%	1.07%	3.34%	0.16%	0.06%
Return on Common Equity (ROCE)	10.08%	5.29%	0.64%	10.88%	-6.18%	4.81%	6.48%	6.00%	21.00%	1.65%	0.55%
Return on Equity Simple (ROE_SIMPLE)	19.15%	9.59%	0.90%	11.50%	-7.08%	5.06%	7.72%	8.71%	30.67%	2.81%	1.61%
Net Operating Profit after Tax (NOPAT)	88	40	3.56	44	-27	20	-14	-2.33	22	2.79	80
NOPAT Margin	4.36%	2.47%	0.26%	3.79%	-3.50%	2.70%	-2.31%	-0.41%	4.26%	0.72%	99.27%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	-0.53%	0.00%	-12.49%	-6.04%	-10.83%	-1.17%	23.75%
SG&A Expenses to Revenue	42.43%	48.24%	51.58%	51.94%	58.24%	58.01%	62.79%	63.14%	51.98%	50.61%	45.85%
Operating Expenses to Revenue	92.57%	94.88%	96.05%	94.38%	105.00%	96.09%	103.31%	100.59%	86.28%	102.54%	123.33%
Earnings before Interest and Taxes (EBIT)	149	83	54	65	-39	29	-20	-3.33	69	-9.79	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	166	100	79	94	-18	45	-5.24	31	101	41	-6.09
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	1.63	1.22	1.18	0.45	0.65	0.47	0.75	0.68	0.72	0.00
Price to Tangible Book Value (P/TBV)	5.22	7.39	5.15	5.58	4.15	1.03	0.74	1.56	1.35	1.77	0.00
Price to Revenue (P/Rev)	0.38	0.42	0.35	0.39	0.21	0.35	0.30	0.40	0.45	0.58	0.00
Price to Earnings (P/E)	14.48	48.73	0.00	11.86	0.00	14.14	7.57	31.36	9.04	38.89	0.00
Dividend Yield	2.35%	1.08%	1.20%	1.20%	3.36%	2.06%	2.68%	2.29%	1.88%	1.91%	0.00%
Earnings Yield	6.90%	2.05%	0.00%	8.43%	0.00%	7.07%	13.21%	3.19%	11.06%	2.57%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.77	0.41	0.84	0.47	0.64	0.60	0.71	0.85	0.83	0.00
Enterprise Value to Revenue (EV/Rev)	0.49	0.46	0.24	0.57	0.45	0.67	0.75	0.93	1.59	2.30	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.91	7.49	4.14	7.08	0.00	11.28	0.00	17.13	7.96	21.68	0.00
Enterprise Value to EBIT (EV/EBIT)	6.58	9.02	6.07	10.22	0.00	17.26	0.00	0.00	11.62	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.21	18.74	92.08	15.15	0.00	24.99	0.00	0.00	37.45	318.47	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.08	10.49	0.71	3.27	2.49	21.18	7.81	11.22	22.01	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	78.98	0.00	18.46	0.00	0.00	2.64	5.71	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.70	0.49	0.98	0.98	0.91	0.89	0.87	1.60	1.68	0.90
Long-Term Debt to Equity	0.65	0.70	0.49	0.98	0.98	0.91	0.89	0.87	1.60	1.68	0.90
Financial Leverage	0.67	0.60	0.70	0.98	0.94	0.90	0.88	1.27	1.70	1.29	0.79
Leverage Ratio	8.78	8.27	8.18	8.52	6.62	5.01	4.84	6.56	7.22	13.39	18.88
Compound Leverage Factor	8.78	8.27	8.18	8.52	6.62	5.01	4.84	6.56	5.12	3.97	-0.79
Debt to Total Capital	39.40%	41.11%	32.71%	49.57%	49.51%	47.65%	47.00%	46.59%	61.48%	62.65%	47.49%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	39.40%	41.11%	32.71%	49.57%	49.51%	47.65%	47.00%	46.59%	61.48%	62.65%	47.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	18.37%	16.31%	17.18%	2.17%	2.35%	1.70%	1.61%	13.02%	10.72%	7.97%	15.32%
Common Equity to Total Capital	42.23%	42.58%	50.11%	48.26%	48.14%	50.65%	51.38%	40.40%	37.17%	29.38%	37.19%
Debt to EBITDA	2.57	4.02	3.27	4.17	-20.31	8.40	-67.61	11.26	5.47	16.28	-59.64
Net Debt to EBITDA	0.07	-0.90	-3.68	2.10	-9.48	5.16	-49.18	6.63	4.74	14.13	-49.82
Long-Term Debt to EBITDA	2.57	4.02	3.27	4.17	-20.31	8.40	-67.61	11.26	5.47	16.28	-59.64
Debt to NOPAT	4.87	10.06	72.84	8.93	-13.47	18.61	-25.55	-148.47	25.77	239.09	4.56
Net Debt to NOPAT	0.12	-2.25	-81.85	4.50	-6.29	11.42	-18.59	-87.45	22.32	207.48	3.81
Long-Term Debt to NOPAT	4.87	10.06	72.84	8.93	-13.47	18.61	-25.55	-148.47	25.77	239.09	4.56
Noncontrolling Interest Sharing Ratio	29.09%	26.66%	16.43%	4.48%	3.92%	3.15%	13.67%	14.62%	13.02%	25.28%	51.99%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-17	-146	4.15	-9.70	19	-12	-24	200	141	-297	-19
Operating Cash Flow to CapEx	5,972.61%	509.28%	4,316.89%	7,392.04%	2,093.95%	278.69%	1,539.72%	120.57%	57.70%	-41.21%	122.31%
Free Cash Flow to Firm to Interest Expense	-0.53	-5.27	0.14	-0.26	0.58	-0.46	-0.90	7.82	6.72	0.00	0.00
Operating Cash Flow to Interest Expense	7.47	2.58	15.31	5.42	4.30	0.88	2.14	1.84	1.74	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	7.34	2.07	14.96	5.35	4.10	0.56	2.00	0.31	-1.28	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.35	0.36	0.35	0.30	0.37	0.31	0.23	0.19	0.07	0.01
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,084	979	793	794	740	786	753	743	945	1,065	765
Invested Capital Turnover	1.95	1.83	1.72	1.52	1.02	0.97	0.80	0.67	0.50	0.42	0.11
Increase / (Decrease) in Invested Capital	105	186	-0.59	54	-46	33	10	-202	-120	300	98
Enterprise Value (EV)	983	749	328	668	349	503	451	527	806	888	0.00
Market Capitalization	773	680	483	452	160	260	181	226	229	225	0.00
Book Value per Share	$12.35	$11.34	$10.96	$11.30	$10.59	$11.52	$10.77	$6.97	$7.80	$7.27	$16.63
Tangible Book Value per Share	$4.00	$2.50	$2.59	$2.39	$1.15	$7.26	$6.77	$3.36	$3.93	$2.94	$4.23
Total Capital	1,084	979	793	794	740	786	753	743	903	1,065	765
Total Debt	427	402	259	393	366	374	354	346	555	667	363
Total Long-Term Debt	427	402	259	393	366	374	354	346	555	667	363
Net Debt	11	-90	-291	198	171	230	258	204	481	579	303
Capital Expenditures (CapEx)	4.03	14	11	2.76	6.69	8.52	3.75	39	64	23	19
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	-1.97	0.00	-44	-28	-68	-6.01	75
Net Nonoperating Obligations (NNO)	427	402	259	393	366	374	354	346	597	667	363
Total Depreciation and Amortization (D&A)	17	17	25	29	21	15	15	34	32	51	13
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.44	$0.38	($0.23)	$1.13	($0.86)	$0.52	$0.69	$0.00	$0.00	$0.00	($0.10)
Adjusted Weighted Average Basic Shares Outstanding	36.87M	36.69M	35.53M	33.22M	0.00	34.58M	34.72M	43.05M	43.04M	33.20M	16.77M
Adjusted Diluted Earnings per Share	$1.30	$0.33	($0.23)	$1.09	($0.86)	$0.50	$0.69	$0.00	$0.00	$0.00	($0.10)
Adjusted Weighted Average Diluted Shares Outstanding	37.93M	37.62M	35.53M	33.69M	33.86M	34.58M	34.72M	43.05M	43.04M	33.20M	16.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.26M	36.76M	36.73M	34.39M	32.54M	34.43M	34.51M	43.05M	43.04M	43.02M	41.76M
Normalized Net Operating Profit after Tax (NOPAT)	88	58	38	44	-27	20	-14	-2.33	22	2.79	-13
Normalized NOPAT Margin	4.36%	3.59%	2.76%	3.79%	-3.50%	2.70%	-2.31%	-0.41%	4.26%	0.72%	-16.33%
Pre Tax Income Margin	7.43%	5.12%	3.95%	5.62%	-5.00%	3.91%	-3.31%	-0.59%	9.72%	-0.75%	0.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.63	3.00	1.79	1.73	-1.19	1.08	-0.73	-0.13	3.30	0.00	0.00
NOPAT to Interest Expense	2.72	1.44	0.12	1.17	-0.83	0.74	-0.51	-0.09	1.02	0.00	0.00
EBIT Less CapEx to Interest Expense	4.51	2.49	1.43	1.66	-1.40	0.76	-0.87	-1.65	0.28	0.00	0.00
NOPAT Less CapEx to Interest Expense	2.59	0.94	-0.24	1.10	-1.04	0.43	-0.65	-1.61	-2.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.31%	34.33%	218.34%	12.28%	-22.07%	27.34%	16.00%	13.38%	6.88%	37.64%	0.00%
Augmented Payout Ratio	28.31%	34.33%	266.84%	30.77%	-77.13%	72.49%	63.22%	41.30%	55.49%	82.88%	0.85%

This table displays calculated financial ratios and metrics derived from Tiptree's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.58%	12.84%	18.78%	35.52%	30.59%	20.54%	14.48%	20.19%	19.21%	21.47%	28.79%
EBITDA Growth	-13.14%	35.92%	58.91%	67.04%	155.60%	11.68%	-15.38%	129.02%	111.27%	227.00%	185.10%
EBIT Growth	-14.64%	40.34%	73.98%	71.69%	263.38%	20.11%	-15.86%	392.49%	958.51%	1,210.52%	601.03%
NOPAT Growth	-18.34%	81.92%	130.86%	85.43%	404.00%	163.62%	-55.79%	154.49%	572.84%	502.17%	499.25%
Net Income Growth	-18.34%	81.92%	130.86%	85.43%	404.00%	163.62%	-55.79%	154.49%	463.86%	502.17%	499.25%
EPS Growth	-40.91%	200.00%	625.00%	93.75%	833.33%	166.67%	-89.47%	125.00%	0.00%	0.00%	533.33%
Operating Cash Flow Growth	-153.14%	416.35%	7.03%	801.98%	45.67%	-135.54%	-50.84%	-104.93%	-71.12%	240.41%	187.72%
Free Cash Flow Firm Growth	-62.19%	55.54%	-116.55%	29.69%	10.68%	-2,632.55%	-746.79%	-393.45%	-787.05%	112.72%	179.06%
Invested Capital Growth	17.36%	10.71%	20.47%	10.82%	12.98%	23.46%	10.36%	15.27%	14.79%	-0.07%	1.14%
Revenue Q/Q Growth	-1.66%	1.75%	-9.64%	9.95%	11.63%	7.10%	3.10%	5.95%	3.03%	1.72%	8.25%
EBITDA Q/Q Growth	-36.55%	11.47%	-6.63%	31.52%	-0.71%	30.33%	-1.85%	101.25%	-56.62%	-1.25%	165.63%
EBIT Q/Q Growth	-39.92%	14.71%	-9.51%	36.86%	-1.22%	42.21%	-10.70%	189.66%	-67.35%	-0.37%	422.68%
NOPAT Q/Q Growth	-55.80%	43.31%	-6.83%	38.36%	-1.53%	81.87%	-25.16%	276.07%	-48.50%	-69.50%	192.22%
Net Income Q/Q Growth	-55.80%	43.31%	-6.83%	38.36%	-1.53%	81.87%	-25.16%	276.07%	-48.50%	-69.50%	192.22%
EPS Q/Q Growth	-72.92%	65.52%	-6.45%	40.91%	37.50%	300.00%	-75.00%	633.33%	-150.00%	-84.21%	159.38%
Operating Cash Flow Q/Q Growth	-147.63%	14.28%	30.59%	-25.24%	383.55%	-138.66%	956.51%	-115.51%	-30.81%	-46.52%	-14.10%
Free Cash Flow Firm Q/Q Growth	-113.61%	51.89%	-106.20%	23.46%	41.44%	-134.30%	33.04%	2.77%	-1,760.28%	-40.16%	151.08%
Invested Capital Q/Q Growth	8.75%	3.75%	3.91%	0.10%	2.60%	12.89%	-4.42%	2.05%	12.12%	0.90%	-0.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	6.03%	9.35%	8.54%	8.26%	6.91%	7.76%	6.38%	6.70%	3.53%	8.38%	8.63%
EBIT Margin	5.20%	8.52%	7.56%	7.55%	6.06%	6.85%	5.16%	5.96%	2.18%	6.87%	7.02%
Profit (Net Income) Margin	2.66%	5.92%	4.21%	4.08%	3.24%	3.67%	2.16%	2.98%	0.84%	1.68%	5.60%
Tax Burden Percent	51.16%	69.54%	55.66%	54.06%	53.47%	53.64%	41.95%	50.05%	38.55%	24.44%	79.83%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	48.84%	30.46%	44.34%	45.94%	46.53%	46.36%	58.05%	49.95%	61.45%	75.56%	20.17%
Return on Invested Capital (ROIC)	4.90%	11.55%	8.60%	8.01%	5.94%	6.72%	4.05%	5.26%	1.44%	2.90%	9.34%
ROIC Less NNEP Spread (ROIC-NNEP)	4.90%	11.55%	8.60%	8.01%	5.94%	6.72%	4.05%	5.26%	1.44%	2.90%	9.34%
Return on Net Nonoperating Assets (RNNOA)	3.44%	7.77%	5.10%	5.15%	3.93%	4.01%	2.25%	3.06%	1.15%	2.02%	6.50%
Return on Equity (ROE)	8.34%	19.32%	13.70%	13.16%	9.87%	10.73%	6.30%	8.32%	2.59%	4.92%	15.84%
Cash Return on Invested Capital (CROIC)	-8.21%	-1.67%	-10.78%	-3.69%	-6.62%	-16.48%	-6.22%	-9.32%	-12.86%	0.52%	-1.33%
Operating Return on Assets (OROA)	1.90%	3.16%	2.86%	2.85%	2.22%	2.42%	1.81%	2.13%	0.79%	2.46%	2.48%
Return on Assets (ROA)	0.97%	2.20%	1.59%	1.54%	1.19%	1.30%	0.76%	1.07%	0.30%	0.60%	1.98%
Return on Common Equity (ROCE)	5.84%	13.70%	9.80%	9.47%	7.15%	7.87%	4.64%	6.15%	2.15%	4.11%	13.28%
Return on Equity Simple (ROE_SIMPLE)	17.89%	0.00%	16.12%	14.40%	12.41%	0.00%	7.57%	10.25%	1.89%	0.00%	-0.40%
Net Operating Profit after Tax (NOPAT)	13	29	20	22	16	16	8.87	12	3.15	6.12	20
NOPAT Margin	2.66%	5.92%	4.21%	4.08%	3.24%	3.67%	2.16%	2.98%	0.84%	1.68%	5.60%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	42.43%	43.92%	42.39%	41.44%	42.07%	47.48%	48.66%	47.07%	49.91%	49.43%	49.10%
Operating Expenses to Revenue	94.80%	91.48%	92.44%	92.45%	93.94%	93.15%	94.84%	94.04%	97.82%	93.13%	92.98%
Earnings before Interest and Taxes (EBIT)	25	42	37	41	30	30	21	24	8.17	25	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	46	42	44	34	34	26	27	13	31	31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.89	1.69	1.56	1.39	1.49	1.63	1.53	1.35	1.31	1.22	0.98
Price to Tangible Book Value (P/TBV)	5.38	5.22	4.97	5.05	6.05	7.39	8.88	7.97	8.27	5.15	4.70
Price to Revenue (P/Rev)	0.45	0.38	0.37	0.32	0.36	0.42	0.39	0.36	0.37	0.35	0.29
Price to Earnings (P/E)	17.97	14.48	17.70	19.55	26.22	48.73	76.45	27.10	0.00	0.00	0.00
Dividend Yield	2.03%	2.35%	1.18%	1.34%	1.51%	1.08%	1.15%	1.22%	1.19%	1.20%	1.53%
Earnings Yield	5.57%	6.90%	5.65%	5.11%	3.81%	2.05%	1.31%	3.69%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.00	0.91	0.76	0.57	0.61	0.77	0.62	0.72	0.66	0.41	0.34
Enterprise Value to Revenue (EV/Rev)	0.59	0.49	0.41	0.30	0.35	0.46	0.35	0.43	0.41	0.24	0.20
Enterprise Value to EBITDA (EV/EBITDA)	7.26	5.91	5.19	4.10	5.04	7.49	5.61	6.42	6.80	4.14	4.56
Enterprise Value to EBIT (EV/EBIT)	8.10	6.58	5.82	4.68	5.81	9.02	6.94	7.93	9.30	6.07	8.59
Enterprise Value to NOPAT (EV/NOPAT)	13.86	11.21	10.72	9.04	11.53	18.74	18.06	15.79	77.47	92.08	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.12	4.08	5.37	3.93	6.67	10.49	3.48	3.02	1.64	0.71	0.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	78.98	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.65	0.59	0.63	0.68	0.70	0.60	0.66	0.64	0.49	0.51
Long-Term Debt to Equity	0.72	0.65	0.59	0.63	0.68	0.70	0.60	0.66	0.64	0.49	0.51
Financial Leverage	0.70	0.67	0.59	0.64	0.66	0.60	0.55	0.58	0.80	0.70	0.70
Leverage Ratio	8.59	8.78	8.61	8.54	8.33	8.27	8.30	7.81	8.55	8.18	8.00
Compound Leverage Factor	8.59	8.78	8.61	8.54	8.33	8.27	8.30	7.81	8.55	8.18	8.00
Debt to Total Capital	42.02%	39.40%	37.19%	38.53%	40.40%	41.11%	37.32%	39.81%	39.08%	32.71%	33.88%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	42.02%	39.40%	37.19%	38.53%	40.40%	41.11%	37.32%	39.81%	39.08%	32.71%	33.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	17.79%	18.37%	18.59%	18.06%	17.31%	16.31%	17.01%	15.89%	15.85%	17.18%	16.84%
Common Equity to Total Capital	40.19%	42.23%	44.22%	43.41%	42.29%	42.58%	45.67%	44.30%	45.07%	50.11%	49.28%
Debt to EBITDA	3.06	2.57	2.52	2.80	3.36	4.02	3.35	3.57	4.03	3.27	4.58
Net Debt to EBITDA	0.42	0.07	-0.75	-1.57	-1.63	-0.90	-2.21	-0.36	-0.91	-3.68	-4.26
Long-Term Debt to EBITDA	3.06	2.57	2.52	2.80	3.36	4.02	3.35	3.57	4.03	3.27	4.58
Debt to NOPAT	5.84	4.87	5.22	6.16	7.70	10.06	10.79	8.77	45.85	72.84	-172.78
Net Debt to NOPAT	0.79	0.12	-1.56	-3.47	-3.74	-2.25	-7.13	-0.89	-10.35	-81.85	160.66
Long-Term Debt to NOPAT	5.84	4.87	5.22	6.16	7.70	10.06	10.79	8.77	45.85	72.84	-172.78
Noncontrolling Interest Sharing Ratio	29.92%	29.09%	28.48%	27.99%	27.61%	26.66%	26.32%	26.05%	17.03%	16.43%	16.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-161	-76	-157	-76	-99	-170	-73	-108	-111	6.71	11
Operating Cash Flow to CapEx	-2,972.44%	3,882.19%	11,421.08%	5,174.17%	7,967.47%	-1,448.20%	6,203.69%	-100.66%	870.14%	1,149.38%	5,214.88%
Free Cash Flow to Firm to Interest Expense	-15.58	-9.07	-20.62	-9.50	-12.00	-22.75	-10.80	-15.38	-17.23	1.24	2.04
Operating Cash Flow to Interest Expense	-3.22	8.40	8.04	5.85	7.56	-2.96	8.52	-0.95	6.66	11.52	21.14
Operating Cash Flow Less CapEx to Interest Expense	-3.32	8.18	7.97	5.74	7.47	-3.17	8.38	-1.89	5.89	10.51	20.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.37	0.38	0.38	0.37	0.35	0.35	0.36	0.36	0.36	0.35
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,179	1,084	1,045	1,005	1,004	979	867	907	889	793	786
Invested Capital Turnover	1.84	1.95	2.04	1.96	1.83	1.83	1.87	1.76	1.72	1.72	1.67
Increase / (Decrease) in Invested Capital	174	105	178	98	115	186	81	120	115	-0.59	8.85
Enterprise Value (EV)	1,175	983	798	568	608	749	542	650	587	328	265
Market Capitalization	898	773	720	605	631	680	608	543	525	483	381
Book Value per Share	$12.71	$12.35	$12.56	$11.86	$11.55	$11.34	$10.78	$10.94	$10.91	$10.96	$10.67
Tangible Book Value per Share	$4.48	$4.00	$3.94	$3.25	$2.84	$2.50	$1.86	$1.85	$1.73	$2.59	$2.23
Total Capital	1,179	1,084	1,045	1,005	1,004	979	867	907	889	793	786
Total Debt	495	427	389	387	406	402	324	361	347	259	266
Total Long-Term Debt	495	427	389	387	406	402	324	361	347	259	266
Net Debt	67	11	-116	-218	-197	-90	-214	-37	-78	-291	-248
Capital Expenditures (CapEx)	1.12	1.80	0.54	0.91	0.79	1.53	0.92	6.63	4.95	5.41	2.23
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	495	427	389	387	406	402	324	361	347	259	266
Total Depreciation and Amortization (D&A)	4.03	4.12	4.76	3.85	4.13	4.01	5.00	2.96	5.06	5.48	5.77
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.53	$0.32	$0.35	$0.24	$0.19	$0.06	$0.16	($0.03)	$0.05	$0.39
Adjusted Weighted Average Basic Shares Outstanding	37.35M	36.87M	36.79M	36.79M	36.77M	36.69M	36.75M	36.74M	36.52M	35.53M	36.30M
Adjusted Diluted Earnings per Share	$0.13	$0.48	$0.29	$0.31	$0.22	$0.16	$0.04	$0.16	($0.03)	$0.06	$0.38
Adjusted Weighted Average Diluted Shares Outstanding	38.45M	37.93M	37.82M	37.75M	37.78M	37.62M	37.68M	37.59M	36.52M	35.53M	36.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.50M	37.26M	37.06M	36.79M	36.79M	36.76M	36.75M	36.75M	36.74M	36.73M	36.25M
Normalized Net Operating Profit after Tax (NOPAT)	13	29	20	22	16	16	15	12	5.72	18	20
Normalized NOPAT Margin	2.66%	5.92%	4.21%	4.08%	3.24%	3.67%	3.61%	2.98%	1.53%	4.81%	5.60%
Pre Tax Income Margin	5.20%	8.52%	7.56%	7.55%	6.06%	6.85%	5.16%	5.96%	2.18%	6.87%	7.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.45	5.07	4.83	5.07	3.58	4.03	3.15	3.36	1.26	4.63	4.57
NOPAT to Interest Expense	1.25	3.52	2.69	2.74	1.92	2.16	1.32	1.68	0.49	1.13	3.64
EBIT Less CapEx to Interest Expense	2.34	4.85	4.76	4.96	3.49	3.82	3.01	2.42	0.50	3.63	4.16
NOPAT Less CapEx to Interest Expense	1.14	3.31	2.62	2.63	1.82	1.96	1.18	0.74	-0.28	0.13	3.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.35%	28.31%	20.16%	23.26%	26.75%	34.33%	44.53%	28.70%	129.63%	218.34%	-395.46%
Augmented Payout Ratio	29.35%	28.31%	20.16%	23.26%	26.75%	34.33%	44.53%	28.70%	129.63%	266.84%	-844.32%

Frequently Asked Questions About Tiptree's Financials

When does Tiptree's financial year end?

According to the most recent income statement we have on file, Tiptree's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tiptree's net income changed over the last 10 years?

Tiptree's net income appears to be on an upward trend, with a most recent value of $87.67 million in 2024, rising from $4.58 million in 2014. The previous period was $40.00 million in 2023.

How has Tiptree revenue changed over the last 10 years?

Over the last 10 years, Tiptree's total revenue changed from $80.31 million in 2014 to $2.01 billion in 2024, a change of 2,403.5%.

How much debt does Tiptree have?

Tiptree's total liabilities were at $5.04 billion at the end of 2024, a 10.4% increase from 2023, and a 35.4% decrease since 2014.

How much cash does Tiptree have?

In the past 10 years, Tiptree's cash and equivalents has ranged from $49.79 million in 2016 to $538.07 million in 2022, and is currently $320.07 million as of their latest financial filing in 2024.

How has Tiptree's book value per share changed over the last 10 years?

Over the last 10 years, Tiptree's book value per share changed from 16.63 in 2014 to 12.35 in 2024, a change of -25.7%.

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This page (NASDAQ:TIPT) was last updated on 5/21/2025 by MarketBeat.com Staff

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Tiptree (TIPT) Financials

Frequently Asked Questions About Tiptree's Financials

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Tiptree (TIPT) Financials

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