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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2882091361126953121
Cash and cash equivalents13386111636953121
Short-term investments1551232649   
Inventory, net of allowances, customer advances and progress billings    2 
Inventory    2  
Disposal group, including discontinued operation7311    
Total current assets:2962121471127253121
Noncurrent Assets
Property, plant and equipment126467149
Long-term investments and receivables     210
Long-term investments     210
Intangible assets, net (including goodwill), including:147144156178186215157
Goodwill9992929393954
Intangible assets, net (excluding goodwill)4852648593120155
Other undisclosed intangible assets, net (including goodwill)      (2)
Total noncurrent assets:159150160184193231176
Other undisclosed assets1,7431,5031,6832,5942,2367,9116,584
TOTAL ASSETS:2,1981,8651,9902,8902,5018,1956,880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,7871,4661,5932,5002,1047,7946,315
Total liabilities:1,7871,4661,5932,5002,1047,7946,315
Stockholders' equity
Stockholders' equity attributable to parent, including:398387300293313284120
Additional paid in capital326332296297297271101
Accumulated other comprehensive income (loss)2(2)11(0)(0)0
Retained earnings70573838161319
Other undisclosed stockholders' equity attributable to parent00(35)(42)000
Stockholders' equity attributable to noncontrolling interest   9785117361
Other undisclosed stockholders' equity131297   85
Total stockholders' equity:411399397390398402566
TOTAL LIABILITIES AND EQUITY:2,1981,8651,9902,8902,5018,1956,880

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues77362658256744080101
Revenue, net  19187
Premiums earned, net499428
Financial services revenue4673393072149
Cost of revenue(288)(246)(221)(142)(1)(3)5
Liability for future policy benefits, period expense (income)      5
Deferred policy acquisition costs, amortization expense(288)(246)(221)(142)   
Financial services costs  (1)(3) 
Gross profit:48537936042543977106
Operating expenses   (544)(446)(99)(99)
Other operating income, net
(Other Expenses)
     1537
Operating income (loss):485379360(119)(6)(7)44
Nonoperating income
(Investment Income, Nonoperating)
     1819
Interest and debt expense(1)(0)(1)(30)(23)(13)(18)
Income (loss) from continuing operations before equity method investments, income taxes:484379359(149)(30)(1)45
Income from equity method investments     33
Other undisclosed income (loss) from continuing operations before income taxes(455)(399)(363)19218(1)(42)
Income (loss) from continuing operations before income taxes:29(20)(3)43(12)16
Income tax expense (benefit)(9)613(11)(1)(4)(7)
Income (loss) from continuing operations:20(14)932(14)(3)(1)
Income (loss) from discontinued operations 44(4) 238(2)
Income (loss) before gain (loss) on sale of properties:203053295(3)
Other undisclosed net income      19
Net income:20305329516
Net loss attributable to noncontrolling interest     (6)(26)
Other undisclosed net income (loss) attributable to parent(2)(6)(2)(7)(3) 18
Net income (loss) available to common stockholders, diluted:18244256(2)9

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:20305329516
Other comprehensive income (loss)4(4)11(0)(0)(0)
Comprehensive income:24266349516
Comprehensive income, net of tax, attributable to noncontrolling interest     68
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)(5)(2)(8)(3)(13)(15)
Comprehensive income (loss), net of tax, attributable to parent:22214266(2)9

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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