NASDAQ$TIPT

Tiptree Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record revenues and net income.

Tiptree Inc. reported a significant increase in revenues and net income for Q1 2021. Revenues increased by 127.3% to $294.7 million, and net income was $28.6 million, a substantial improvement from the net loss in Q1 2020. Adjusted net income also rose by 90.5% to $13.2 million.

  • Revenues increased by 127.3% to $294.7 million due to growth in insurance and mortgage operations, and net realized and unrealized gains.
  • Net income was $28.6 million, a significant increase from the prior year's net loss.
  • Adjusted net income increased by 90.5% to $13.2 million, driven by improvements in insurance and mortgage operations.
  • Book value per share increased by 21.2% from the prior year to $11.63, driven by net income and share repurchases.

Headline financials

Total Revenue

$295M

Previous: $130M+127.3%
EPS (adj)

$0.81

Previous: -$1.74+146.6%
Book Value Per Share

$11.63

Previous: $9.73+19.5%
Capital Expenditures

-$397K

Previous: -$1.46M+72.7%
Free Cash Flow

$28.2M

Previous: -$61.5M+145.9%
Net Income

$28.6M

Previous: -$60M+147.6%
Operating Income

-$8.69M

Previous: -$126M+93.1%
Gross Profit

$49.6M

Previous: -$73.4M+167.5%
Cash & Equivalents

$124M

Previous: $109M+13.9%
Total Assets

$3.05B

Previous: $2.42B+25.8%
Stock-Based Comp

$1.07M

Previous: $1.62M-34.1%

Revenue & EPS history

Tiptree · Revenue · Quarterly

$295M

Q1 2021+127.3%vs Q1 2020

Forward guidance

This release contains forward-looking statements which involve risks, uncertainties and contingencies, many of which are beyond the Company’s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.6%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+5.9%

Avg return

30 days after

59%

32 / 54 earnings

Positive

+12.7%

Q3 2023

Best reaction

-11.4%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-0.2%+6.7%
Q4 2025-1.8%-2.1%-0.5%
Q3 2025-0.2%+3.9%+6.6%
Q1 2025+0.8%+2.0%+5.7%
Q3 2024+3.6%+3.8%+15.7%
Q2 2024-8.8%-12.8%-0.9%
Q1 2024+3.4%+4.2%+9.7%
Q4 2023-1.4%-5.1%-2.6%
Q3 2023+12.7%+13.7%+24.7%
Q2 2023+7.9%+8.6%+19.8%
Q1 2023-5.2%-8.3%-1.6%
Q4 2022-0.2%-3.8%-9.6%
Q3 2022-1.7%+1.9%+11.8%
Q2 2022+6.6%+10.3%+6.8%
Q1 2022-6.0%-10.0%-5.8%
Q4 2021+10.1%+4.9%+3.1%
Q3 2021+3.5%+1.1%-23.5%
Q2 2021+9.0%+5.6%+4.8%
Q1 2021+9.9%+9.3%+7.6%
Q4 2020+3.8%+38.4%+79.3%
Q3 2020+0.6%+5.5%+4.5%
Q2 2020+2.1%+9.9%+3.1%
Q1 2020+3.9%-4.0%+10.7%
Q4 2019-11.4%-0.2%+0.2%
Q3 2019+1.2%+7.1%+6.7%
Q2 2019-2.7%-2.5%+2.5%
Q1 2019+5.1%+7.5%+12.5%
Q4 2018+6.9%+7.6%+8.8%
Q3 2018-1.0%-3.4%-7.9%
Q2 2018+2.3%+3.1%+1.6%
Q1 2018+0.0%+0.0%+0.8%
Q4 2017+4.9%+4.9%+5.7%
Q3 2017-6.9%-6.1%-3.8%
Q2 2017-1.5%-4.5%-11.4%
Q1 2017-5.3%-7.5%+6.0%
Q4 2016+3.9%+1.6%+6.2%
Q3 2016+0.8%+5.0%+11.8%
Q2 2016+2.7%-0.6%+9.4%
Q4 2015+6.5%
Q2 2015+5.0%
Q3 2014-3.1%
Q1 2014+7.3%
Q2 2013-2.8%
Q4 2013-2.8%
Q3 2013+4.4%
Q1 2013+3.7%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012+1.5%
Q4 2011+5.8%
Q1 2011+5.8%
Q1 2012+3.0%
Q3 2011+0.0%
Q2 2011+0.0%

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