USATIPT▲
Tiptree reports Q2 GAAP EPS of $10.30 after Fortegra sale
Tiptree reported second-quarter GAAP earnings of $10.30 per share. The company completed the sale of Fortegra on May 29, 2026, for $1.65 billion of total consideration, generating $1.12 billion of gross proceeds to Tiptree and an after-tax gain on the sale of $372.2 million. As of June 30, 2026, Tiptree's book value increased to $907 million, or $24.34 per share. Tiptree repurchased $10.3 million of common stock during the first half of 2026 at an average price of $16.80 per share and declared a dividend of $0.06 per share to stockholders of record on August 17, 2026, payable on August 24, 2026.
TIPT · Capital · Positive Tiptree reports Q2 GAAP EPS of $10.30, driven by a large after-tax gain from the Fortegra sale, and book value increased to $24.34 per share.