Overview

• US investment holding firm's Q1 net income rose, driven by discontinued operations gains

• Q1 revenue from continuing operations was zero as asset sales progress

• Company repurchased $5 mln of shares in Q1, expects asset sales to close mid-2026

Outlook

• Company expects Fortegra and Reliance First Capital sales to close in mid-2026

• Tiptree says it will continue to focus on long-term value creation and cost management

Result Drivers

• ASSET SALES - Co said results reflect ongoing sales of Fortegra and Reliance First Capital, with both transactions expected to close mid-2026

• COST MANAGEMENT - Co said it continues to streamline operations and manage costs to support sustainable growth

Company press release: ID:nBw1K3dcpa

Key Details

Analyst Coverage

• The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 41 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.