TIPTREE Files 8-K on Financial Condition & Operations

TL;DR

**TIPTREE just dropped an 8-K on its financials, get ready for potential market moves.**

AI Summary

TIPTREE INC. filed an 8-K on January 29, 2024, to report on its 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure'. This filing, under SEC File Number 001-33549, indicates that the company is providing an update on its financial performance, likely ahead of a full earnings report. For investors, this matters because it signals that TIPTREE is proactively communicating key financial information, which can influence stock price and investor confidence.

Why It Matters

This filing indicates TIPTREE is updating the market on its financial health, which can impact investor perception and stock valuation.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial information, not an event that inherently carries high risk.

Analyst Insight

A smart investor would look for the actual financial details that TIPTREE INC. disclosed under 'Results of Operations and Financial Condition' to understand the company's performance and potential future outlook, as this 8-K only signals the disclosure, not the content itself.

Key Numbers

• $0.001 — Par Value per Share (The stated par value of TIPTREE's Common Stock.)

Key Players & Entities

• TIPTREE INC. (company) — the registrant filing the 8-K
• January 29, 2024 (date) — date of earliest event reported and filing date
• 001-33549 (dollar_amount) — SEC File Number for TIPTREE INC.
• NASDAQ Capital Market (company) — exchange where TIPTREE's Common Stock is registered
• $0.001 (dollar_amount) — par value per share of Common Stock

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share TIPT NASDAQ Capital Market
• $15.00 — blic offering is expected to be between $15.00 and $18.00 per share. Fortegra has appl
• $18.00 — ng is expected to be between $15.00 and $18.00 per share. Fortegra has applied to list
• $2,747.9 million — ten premiums and premium equivalents of $2,747.9 million and $2,263.1 million for the years ende
• $2,263.1 million — ium equivalents of $2,747.9 million and $2,263.1 million for the years ended December 31, 2023,
• $1,896.5 million — comprised of gross written premiums of $1,896.5 million and $1,515.1 million, plus assumed prem
• $1,515.1 m — ritten premiums of $1,896.5 million and $1,515.1 million, plus assumed premiums of $489.1
• $489.1 million — 515.1 million, plus assumed premiums of $489.1 million and $374.3 million, plus gross service
• $374.3 m — assumed premiums of $489.1 million and $374.3 million, plus gross service and administr
• $362.3 million — ice and administrative fee additions of $362.3 million and $373.7 million. (2) See "—Non-GAAP
• $373.7 million — ive fee additions of $362.3 million and $373.7 million. (2) See "—Non-GAAP Reconciliations" f
• $724.1 million — n premiums and premium equivalents were $724.1 million for the three months ended December 31,
• $526.6 million — 2023, an increase of 37.5% compared to $526.6 million in the prior year period. For the year
• $2,747.9 m — n premiums and premium equivalents were $2,747.9 million, an increase of 21.4% compared to
• $384.3 million — A partners. Net written premiums were $384.3 million for the three months ended December 31,

Filing Documents

• tipt-20240129.htm (8-K) — 117KB
• ex991tfgpressrelease012924.htm (EX-99.1) — 13KB
• 0001393726-24-000021.txt ( ) — 272KB
• tipt-20240129.xsd (EX-101.SCH) — 2KB
• tipt-20240129_lab.xml (EX-101.LAB) — 25KB
• tipt-20240129_pre.xml (EX-101.PRE) — 13KB
• tipt-20240129_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. Fortegra Announces Launch of Initial Public Offering On January 29, 2024, The Fortegra Group, Inc. ("Fortegra"), a multinational specialty insurer and subsidiary of Tiptree Inc. ("Tiptree"), announced the launch of Fortegra's initial public offering (the "IPO"). Fortegra has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") to offer 18,000,000 shares of its common stock to the public. Fortegra also intends to grant the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of common stock from Fortegra. The price range for the initial public offering is expected to be between $15.00 and $18.00 per share. Fortegra has applied to list its common stock on the New York Stock Exchange under the ticker symbol "TFG." Fortegra intends to use the net proceeds it receives from the offering to execute its growth strategy and for working capital and general corporate purposes. Goldman Sachs & Co. LLC, J.P. Morgan and Jefferies are acting as joint lead bookrunning managers for the proposed offering. Barclays is acting as joint bookrunning manager for the proposed offering. JMP Securities, A Citizens Company, Keefe, Bruyette & Woods, A Stifel Company , Piper Sandler, Raymond James, Fifth Third Securities and Independence Point Securities are acting as co-managers for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, facsimile at (212) 902-9316 or by email at Prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Av

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 29, 2024, Fortegra, a multinational specialty insurer and subsidiary of Tiptree, announced that it has launched its proposed IPO. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in the website in the press release attached as Exhibit 99.1 hereto is not a part of this current report on Form 8-K. The information contained in this Item 7.01, including the information contained in the press release attached as Exhibit 99.1 hereto, is being "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The press release attached as Exhibit 99.1 hereto is being issued pursuant to Rule 134 under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) List of Exhibits: 99.1 The Fortegra Group, Inc. Press Release dated January 29, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TIPTREE INC. Date: January 29, 2024 By: /s/ Jonathan Ilany Name: Jonathan Ilany Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR