Tiptree Inc. (TIPT) financial statements (2021 and earlier)

Company profile

Business Address 299 PARK AVENUE
NEW YORK, NY 10171
State of Incorp. MD
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2612882091361126953
Cash and cash equivalents13713386111636953
Short-term investments1241551232649  
Inventory, net of allowances, customer advances and progress billings     2 
Inventory     2 
Disposal group, including discontinued operation57311   
Total current assets:2662962121471127253
Noncurrent Assets
Operating lease, right-of-use asset27 
Property, plant and equipment1612646714
Long-term investments and receivables      2
Long-term investments      2
Intangible assets, net (including goodwill)317147144156178186215
Goodwill179999292939395
Intangible assets, net (excluding goodwill)1384852648593120
Total noncurrent assets:361159150160184193231
Other undisclosed assets2,3701,7431,5031,6832,5942,2367,911
TOTAL ASSETS:2,9962,1981,8651,9902,8902,5018,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,6221,7871,4661,5932,5002,1047,794
Total liabilities:2,6221,7871,4661,5932,5002,1047,794
Stockholders' equity
Stockholders' equity attributable to parent, including:356398387300293313284
Common stock0      
Additional paid in capital315326332296297297271
Accumulated other comprehensive income (loss)62(2)11(0)(0)
Retained earnings35705738381613
Other undisclosed stockholders' equity attributable to parent 00(35)(42)00
Stockholders' equity attributable to noncontrolling interest    9785117
Other undisclosed stockholders' equity17131297   
Total stockholders' equity:374411399397390398402
TOTAL LIABILITIES AND EQUITY:2,9962,1981,8651,9902,8902,5018,195

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues81077362658256744080
Revenue, net  1918
Premiums earned, net478499428
Financial services revenue46733930721
Cost of revenue(266)(288)(246)(221)(142)(1)(3)
Deferred policy acquisition costs, amortization expense(266)(288)(246)(221)(142)  
Financial services costs  (1)(3)
Gross profit:54548537936042543977
Operating expenses(849)   (544)(446)(99)
Other operating income, net
(Other Expenses)
      15
Operating income (loss):(305)485379360(119)(6)(7)
Nonoperating income
(Investment Income, Nonoperating)
      18
Interest and debt expense(0)(1)(0)(1)(30)(23)(13)
Income (loss) from continuing operations before equity method investments, income taxes:(305)484379359(149)(30)(1)
Income from equity method investments      3
Other undisclosed income (loss) from continuing operations before income taxes266(455)(399)(363)19218(1)
Income (loss) from continuing operations before income taxes:(39)29(20)(3)43(12)1
Income tax expense (benefit)14(9)613(11)(1)(4)
Income (loss) from continuing operations:(25)20(14)932(14)(3)
Income (loss) from discontinued operations  44(4) 238
Net income (loss):(25)203053295
Net loss attributable to noncontrolling interest      (6)
Other undisclosed net loss attributable to parent(4)(2)(6)(2)(7)(3) 
Net income (loss) available to common stockholders, diluted:(29)18244256(2)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(25)203053295
Other comprehensive income (loss)44(4)11(0)(0)
Comprehensive income (loss):(21)242663495
Comprehensive income, net of tax, attributable to noncontrolling interest      6
Other undisclosed comprehensive loss, net of tax, attributable to parent(4)(2)(5)(2)(8)(3)(13)
Comprehensive income (loss), net of tax, attributable to parent:(25)22214266(2)

Statements sources

The financial statements are based on the company's filings with the 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.

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