TIPTREE INC. (TIPT) Form 10-Q — Oct 28, 2026
Tiptree's Q3 2026 10-Q confirms it completed the $1.65 billion cash sale of Fortegra to DB Insurance on May 29, 2026, recognizing an after-tax gain of $372.8 million, and sold its Reliance mortgage unit for $49.7 million on May 1, 2026. The company now operates as a holding company with no operating revenue, reporting Q3 net income of $5.2 million ($0.14 diluted EPS) and nine-month net income of $408.7 million ($10.82 diluted EPS). Book value per share jumped 83.2% to $24.47, and the company repaid its entire $74.2 million of holding company debt while holding $910.0 million in total cash and investments.
Key figures
- Eps
- 0.14
- Net Income
- 408680000
- Total Assets
- 944826000
- Cash Position
- 198312000
- Shares Outstanding
- 36425296
- Q3 net income
- $5.2 million
- Q3 eps diluted
- $0.14
- Buyback authorized
- $20 million (Oct 27, 2026)
- Fortegra sale price
- $1.65 billion
- Stockholders equity
- $902.5 million
- Book value per share
- $24.47 (up 83.2% YoY from $13.36)
- Shares repurchased 9m
- 1,005,176 at avg $17.00
- Dividends declared ytd
- $0.18 per share
- Nine month diluted eps
- $10.82
- Reliance sale proceeds
- $49.7 million
- Usig acquisition price
- $100.0 million
- Fortegra after tax gain
- $372.8 million
- Total cash and investments
- $910.0 million
AI analysis
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