Tiptree Inc. (TIPT) Financial Statements (2024 and earlier)

Company Profile

Business Address 660 STEAMBOAT ROAD
GREENWICH, CT 06830
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments503,291523,093623,841588,591434,792298,857
Cash and cash equivalents372,410412,004538,065503,488337,916177,962
Short-term investments130,881111,08985,77685,10396,876120,895
Disposal group, including discontinued operation   9,1729,1729,17212,549
Total current assets:503,291523,093633,013597,763443,964311,406
Noncurrent Assets
Operating lease, right-of-use asset31,30932,73531,49931,16132,84225,102
Property, plant and equipment30,56527,60021,82917,50416,35514,650
Intangible assets, net (including goodwill)333,781337,245303,623306,284311,832298,460
Goodwill205,674206,636186,608185,944186,567179,103
Intangible assets, net (excluding goodwill)128,107130,609117,015120,340125,265119,357
Total noncurrent assets:395,655397,580356,951354,949361,029338,212
Other undisclosed assets3,735,5033,387,2853,049,5993,041,3722,927,7162,950,580
TOTAL ASSETS:4,634,4494,307,9584,039,5633,994,0843,732,7093,600,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt112,234100,84190,39173,35973,98734,335
Deferred income tax liabilities112,234100,84190,39173,35973,98734,335
Total noncurrent liabilities:112,234100,84190,39173,35973,98734,335
Other undisclosed liabilities3,976,1473,665,5603,415,5993,401,1513,133,3823,182,710
Total liabilities:4,088,3813,766,4013,505,9903,474,5103,207,3693,217,045
Equity
Equity, attributable to parent401,892400,647397,365387,279390,405366,633
Common stock373736363635
Additional paid in capital379,741382,502382,645380,196379,371323,916
Accumulated other comprehensive loss(33,226)(33,093)(39,429)(47,670)(30,966)(23,106)
Retained earnings55,34051,20154,11354,71741,96465,788
Equity, attributable to noncontrolling interest144,176140,910136,208132,295134,93516,520
Total equity:546,068541,557533,573519,574525,340383,153
TOTAL LIABILITIES AND EQUITY:4,634,4494,307,9584,039,5633,994,0843,732,7093,600,198

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues404,518381,625369,528363,478339,843324,903
Premiums earned, net269,795265,330242,531237,877215,941208,416
Cost of revenue(44)(40)(478,996)(39)(28)(62)
Provision for loan, lease, and other losses(44)(40) (39)(28)(62)
Gross profit:404,474381,585(109,468)363,439339,815324,841
Operating expenses(380,844)(373,452)(344,497)(338,353)(335,036)(325,855)
Operating income (loss):23,6308,133(453,965)25,0864,779(1,014)
Interest and debt expense(7,044)(6,465) (5,503)(940)(10,199)
Income (loss) from continuing operations before equity method investments, income taxes:16,5861,668(453,965)19,5833,839(11,213)
Other undisclosed income from continuing operations before income taxes7,0886,505478,9965,54296810,261
Income (loss) from continuing operations before income taxes:23,6748,17325,03125,1254,807(952)
Income tax expense (benefit)(11,824)(5,022)(18,913)(5,068)(26,555)86
Income (loss) from continuing operations:11,8503,1516,11820,057(21,748)(866)
Income (loss) before gain (loss) on sale of properties:20,057(21,748)(866)
Net income (loss):11,8503,1516,11820,057(21,748)(866)
Net loss attributable to noncontrolling interest(5,861)(4,213)(5,247)(5,834)(660)(94)
Net income (loss) attributable to parent:5,989(1,062)87114,223(22,408)(960)
Other undisclosed net loss available to common stockholders, basic(41)  (195)  
Net income (loss) available to common stockholders, basic:5,948(1,062)87114,028(22,408)(960)
Dilutive securities, effect on basic earnings per share10  (47)  
Other undisclosed net income available to common stockholders, diluted 1  3  
Net income (loss) available to common stockholders, diluted:5,959(1,062)87113,984(22,408)(960)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):11,8503,1516,11820,057(21,748)(866)
Other comprehensive income (loss)(79)8,3989,677(21,059)(15,815)(20,471)
Comprehensive income (loss):11,77111,54915,795(1,002)(37,563)(21,337)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5,915)(6,275)(6,683)(1,479)102(44)
Comprehensive income (loss), net of tax, attributable to parent:5,8565,2749,112(2,481)(37,461)(21,381)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: