NASDAQ$TIPT

Tiptree Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Tiptree reported a strong year with record revenues and solid performance in its operating businesses.

Tiptree Inc. reported a revenue increase of 15.6% to $369.5 million for the quarter. Net income was $0.9 million, and adjusted net income was $14.6 million. The company completed the sale of two product tankers for $49.0 million, realizing a gain of $13.6 million.

  • Revenues increased by 15.6% to $369.5 million, driven by growth in Fortegra’s specialty insurance lines and the gain on sale of two product tankers.
  • Net income improved to $0.9 million, driven by the gain on sale of two product tankers and growth in the insurance business.
  • Adjusted net income decreased by 13.6% to $14.6 million, driven by declines in the mortgage business.
  • The company declared a dividend of $0.05 per share, an increase of 25%.

Headline financials

Total Revenue

$370M

Previous: $320M+15.6%
EPS (adj)

$0.02

Previous: -$0.01+300.0%
Book Value Per Share

$10.92

No prior period
Capital Expenditures

$5.41M

Previous: $661K+718.9%
Free Cash Flow

$56.8M

Previous: $17.6M+222.5%
Net Income

$871K

Previous: -$426K+304.5%
Operating Income

$25M

Previous: $10.9M+129.8%
Gross Profit

$370M

Previous: $320M+15.6%
Cash & Equivalents

$538M

Previous: $176M+206.2%
Total Assets

$4.04B

Previous: $3.6B+12.2%
Stock-Based Comp

$1.79M

Previous: $7.41M-75.8%

Revenue & EPS history

Tiptree · Revenue · Quarterly

$370M

Q4 2022+15.6%vs Q4 2021

Forward guidance

We see significant opportunities to grow our businesses and are confident in the long-term outlook for the company.

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 Q4 2022

Historical avgQ4 2022

+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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