NASDAQ$TIPT
Tiptree Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a strong first quarter with revenue growth and improved profitability.
Tiptree Inc. announced its financial results for the first quarter 2024, featuring a 30.6% increase in revenues to $498.2 million, driven by growth in Fortegra's specialty insurance lines, investment gains, and higher mortgage revenues. Net income was $9.1 million, a significant improvement from the previous year's net loss of $1.1 million. Adjusted net income increased by 63.5% to $20.5 million, with an annualized adjusted return on average equity of 19.5%.
- Revenues increased by 30.6% to $498.2 million, driven by growth in Fortegra and higher mortgage revenues.
- Net income improved to $9.1 million, compared to a net loss of $1.1 million in Q1 2023.
- Adjusted net income rose by 63.5% to $20.5 million, driven by growth in insurance operations.
- Tiptree and Warburg contributed $29.2 million and $9.6 million, respectively, to Fortegra in exchange for Fortegra Common Stock.
Headline financials
Revenue & EPS history
Tiptree · Revenue · Quarterly
$498M
Forward guidance
Tiptree will host a conference call on Thursday, May 2, 2024, to discuss its Q1 2024 financial results.
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 2024
+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
| Quarter | Report date | Reaction (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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