Tiptree Stock (NASDAQ:TIPT)
Previous Close
$17.63
52W Range
$15.49 - $27.41
50D Avg
$17.32
200D Avg
$17.96
Market Cap
$650.71M
Avg Vol (3M)
$265.99K
Beta
0.93
Div Yield
$0.24 (1.39%)
TIPT Company Profile
Tiptree Inc., operating through its various subsidiaries, specializes in the provision and management of tailored insurance solutions, primarily within the United States. The company's operations are structured around two principal business segments: Insurance and Mortgage. Within its Insurance division, Tiptree offers a range of niche commercial and personal lines coverage, including credit insurance, collateral protection, and comprehensive warranty and service contract solutions. It also provides premium financing options. While its core focus lies in insurance, the company also caters to institutional investors by providing mortgage loans, forming its Mortgage segment. Beyond these, Tiptree Inc. further diversifies its portfolio through maritime shipping operations and strategic equity investments. Its diverse product portfolio is distributed via an extensive network comprising independent insurance agents, consumer finance entities, automotive dealerships, various retailers, brokers, and managing general agencies. Established in 2007, the company, originally known as Tiptree Financial Inc., adopted its current name, Tiptree Inc., in December 2016. Its corporate headquarters are located in New York, New York.
TIPT Performance
Revenue Breakdown
Revenue Breakdown by Product/Service
| Product/Service | Dec 24 | Dec 22 | Dec 21 |
|---|---|---|---|
| Service and Administrative Fees | $341.46M | - | - |
| Motor Club Revenue | $43.26M | $53.35M | $41.63M |
| Service Contract Revenue | $294.50M | $210.82M | $163.58M |
| Other Contract Revenue | $3.71M | - | - |
| Vessels | - | $30.14M | $35.56M |
| Other contract revenue | - | $5.92M | $17.78M |
| Asset management fee income | - | - | - |
Fiscal year ends in Dec 25 | Currency in USD