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Tiptree

Nasdaq:TIPT
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TIPT
Nasdaq
$220M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The last earnings update was 40 days ago. More info.


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TIPT Share Price and Events
7 Day Returns
1.9%
NasdaqCM:TIPT
0.1%
US Insurance
1.5%
US Market
1 Year Returns
-2.7%
NasdaqCM:TIPT
11.5%
US Insurance
1%
US Market
TIPT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tiptree (TIPT) 1.9% 2.2% 1.9% -2.7% 27.7% -32%
US Insurance 0.1% 4% 8.6% 11.5% 39.3% 44.8%
US Market 1.5% 1% 1.4% 1% 37.6% 38.1%
1 Year Return vs Industry and Market
  • TIPT underperformed the Insurance industry which returned 11.5% over the past year.
  • TIPT underperformed the Market in United States of America which returned 1% over the past year.
Price Volatility
TIPT
Industry
5yr Volatility vs Market

TIPT Value

 Is Tiptree undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Tiptree. This is due to cash flow or dividend data being unavailable. The share price is $6.37.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tiptree's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tiptree's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:TIPT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.14
NasdaqCM:TIPT Share Price ** NasdaqCM (2019-06-14) in USD $6.37
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 17.46x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tiptree.

NasdaqCM:TIPT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:TIPT Share Price ÷ EPS (both in USD)

= 6.37 ÷ -0.14

-45.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tiptree is loss making, we can't compare its value to the US Insurance industry average.
  • Tiptree is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Tiptree's expected growth come at a high price?
Raw Data
NasdaqCM:TIPT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -45.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
35.1%per year
United States of America Insurance Industry PEG Ratio Median Figure of 66 Publicly-Listed Insurance Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tiptree, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tiptree's assets?
Raw Data
NasdaqCM:TIPT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.12
NasdaqCM:TIPT Share Price * NasdaqCM (2019-06-14) in USD $6.37
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,242 Publicly-Listed Companies 1.8x
NasdaqCM:TIPT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:TIPT Share Price ÷ Book Value per Share (both in USD)

= 6.37 ÷ 11.12

0.57x

* Primary Listing of Tiptree.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tiptree is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Tiptree's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Tiptree has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TIPT Future Performance

 How is Tiptree expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Tiptree, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tiptree expected to grow at an attractive rate?
  • Tiptree's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tiptree's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Tiptree's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:TIPT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:TIPT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 35.1%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:TIPT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:TIPT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 662 46 -5
2018-12-31 626 58 -20
2018-09-30 626 66 -1
2018-06-30 605 30 -2
2018-03-31 599 1 -6
2017-12-31 606 47 8
2017-09-30 583 92 9
2017-06-30 576 68 17
2017-03-31 575 72 26
2016-12-31 558 37 29
2016-09-30 555 -45 15
2016-06-30 535 1 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tiptree's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Tiptree is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:TIPT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tiptree Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TIPT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.14
2018-12-31 -0.57
2018-09-30 -0.02
2018-06-30 -0.07
2018-03-31 -0.19
2017-12-31 0.26
2017-09-30 0.33
2017-06-30 0.60
2017-03-31 0.87
2016-12-31 0.93
2016-09-30 0.44
2016-06-30 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tiptree will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tiptree's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tiptree has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TIPT Past Performance

  How has Tiptree performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tiptree's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tiptree does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Tiptree's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tiptree's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Tiptree's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tiptree Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TIPT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 661.66 -5.08 126.93
2018-12-31 625.83 -19.84 124.67
2018-09-30 625.70 -0.61 123.32
2018-06-30 605.13 -2.08 123.01
2018-03-31 598.83 -5.60 124.91
2017-12-31 605.64 7.54 126.33
2017-09-30 583.33 9.36 109.26
2017-06-30 575.69 17.29 119.53
2017-03-31 574.57 26.07 123.64
2016-12-31 557.71 29.38 125.87
2016-09-30 555.38 14.52 136.22
2016-06-30 534.61 4.13 130.00
2016-03-31 498.58 -7.99 121.35
2015-12-31 414.59 -5.17 92.25
2015-09-30 395.12 -26.23 104.12
2015-06-30 305.80 -19.20 79.11
2015-03-31 233.59 -13.31 60.65
2014-12-31 143.48 -9.65 35.83
2014-09-30 100.30 -1.42 19.57
2014-06-30 94.27 -2.06 19.90
2014-03-31 71.24 -14.77 22.74
2013-12-31 84.58 -14.63 25.38
2013-09-30 35.17 -8.91 43.87
2013-06-30 45.76 -8.38 45.06
2013-03-31 63.68 6.81 42.14
2012-12-31 35.48 5.85 33.31
2012-09-30 90.83 20.26 22.79
2012-06-30 55.42 18.43 11.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tiptree has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Tiptree used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • It is difficult to establish if Tiptree improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tiptree's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tiptree has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TIPT Health

 How is Tiptree's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tiptree's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tiptree's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tiptree's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tiptree's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tiptree Company Filings, last reported 2 months ago.

NasdaqCM:TIPT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 394.66 314.27 93.57
2018-12-31 399.26 354.08 89.46
2018-09-30 395.97 365.27 87.20
2018-06-30 400.82 366.22 96.30
2018-03-31 407.66 320.51 85.34
2017-12-31 396.77 346.08 115.48
2017-09-30 391.14 866.06 147.68
2017-06-30 390.67 822.45 122.58
2017-03-31 393.84 752.56 120.64
2016-12-31 390.14 555.27 103.27
2016-09-30 381.34 777.21 130.14
2016-06-30 380.47 659.06 107.49
2016-03-31 409.72 716.67 94.69
2015-12-31 397.69 669.26 85.51
2015-09-30 406.77 628.71 176.55
2015-06-30 405.35 467.13 201.92
2015-03-31 397.24 476.99 73.91
2014-12-31 401.62 363.20 83.22
2014-09-30 547.76 445.04 218.73
2014-06-30 561.28 305.63 156.18
2014-03-31 565.47 400.40 157.66
2013-12-31 396.90 269.59 133.69
2013-09-30 555.78 257.45 163.05
2013-06-30 105.57 33.38 69.00
2013-03-31 91.72 112.88 27.76
2012-12-31 535.59 219.00 149.38
2012-09-30 89.80 95.57 46.65
2012-06-30 91.23 95.88 48.04
  • Tiptree's level of debt (71.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (70.6% vs 71.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Tiptree has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Tiptree has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -42.8% per year.
X
Financial health checks
We assess Tiptree's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tiptree has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TIPT Dividends

 What is Tiptree's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.51%
Current annual income from Tiptree dividends.
If you bought $2,000 of Tiptree shares you are expected to receive $50 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tiptree's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Tiptree's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:TIPT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:TIPT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-06 0.160 2.617
2019-03-13 0.140 2.283
2018-11-05 0.140 2.434
2018-08-06 0.140 2.212
2018-05-07 0.140 2.093
2018-03-14 0.120 1.914
2017-11-07 0.120 1.948
2017-08-07 0.120 1.869
2017-06-06 0.120 1.738
2017-05-11 0.120 1.920
2017-03-13 0.100 1.446
2016-11-08 0.100 1.542
2016-05-10 0.100 1.813
2016-03-15 0.100 1.783
2015-11-13 0.100 1.623
2015-08-13 0.100 1.552
2015-05-15 0.100 1.515
2015-03-31 0.000 0.000
2014-11-12 0.000 0.000
2014-08-12 0.000 0.000
2014-05-14 0.000 0.000
2014-03-18 0.000 0.000
2013-11-14 0.000 0.000
2013-08-14 0.080 1.055
2013-05-15 0.080 1.166
2013-03-27 0.540 8.090
2012-11-13 0.540 7.644
2012-08-23 0.540 7.688
2012-05-16 0.540 7.888
2012-04-05 0.540 7.851
2011-11-11 0.540 8.224
2011-08-09 0.540 8.836
2011-05-10 0.540 7.813
2011-03-31 0.000 0.000
2010-11-09 0.000 0.000
2010-08-05 0.000 0.000
2010-05-18 0.000 0.000
2010-05-10 0.000 0.000
2010-03-16 0.000 0.000
2009-12-04 0.453 5.643
2009-11-09 0.453 5.473
2009-08-31 0.453 5.870
2009-08-10 0.453 6.566

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Tiptree's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tiptree's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tiptree afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tiptree has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TIPT Management

 What is the CEO of Tiptree's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jonathan Ilany
COMPENSATION $2,160,054
AGE 65
TENURE AS CEO 4.3 years
CEO Bio

Mr. Jonathan Ilany has been the Chief Executive Officer of Tiptree Financial Inc. since November 10, 2015 and served as its Co-Chief Executive Officer since February 23, 2015 until November 10, 2015. Mr. Ilany served as Executive Vice President and Head of Mortgage Finance & Asset Management at Tiptree Financial Inc. from October 1, 2014 to February 23, 2015. He served as the Chief Executive Officer of Angiosonics, Inc. He served as an Executive Vice President and Head of Mortgage Finance & Asset Management at Tiptree Operating Company, LLC since October 1, 2014. He was Partner of Mariner Investment Group from 2000 to 2005. He was responsible for hiring and setting up new trading groups and oversaw risk management. From 1996 to 2000, he was a Private Investor. From 1982 to 1995, he served at Bear Stearns & Co. Before joining Angiosonics, Inc. in 1996, he served as Senior Managing Director of Bear, Stearns & Co. Inc. (“Bear Stearns”) since 1987. From 1980 to 1982, he worked at Merrill Lynch. From 1971 to 1975, he served in the armored corps of the Israeli Defense Forces, where he was a First Lieutenant. He has been the Chairman of Reliance First Capital since 2008. He has been a Director of SimPlayer.com Ltd. since February 2000. He has been a Director of Tiptree Financial Inc. since August 2010. He serves as a Director of Fortegra Financial Corporation. He served as a Director of Bear Stearns & Co. since 1988 until 1995. He served as a Director of Laser Mortgage Management Inc. since 1998. He served as a Board Member of Angiosonics. He served as a Director of Rescap, a subsidiary of Ally Bank from November 2011 to December 2013. He holds B.A. and M.B.A. from the University of San Francisco.

CEO Compensation
  • Jonathan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jonathan's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tiptree management team in years:

4.1
Average Tenure
56
Average Age
  • The tenure for the Tiptree management team is about average.
Management Team

Michael Barnes

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
51

Jonathan Ilany

TITLE
CEO & Director
COMPENSATION
$2M
AGE
65
TENURE
4.3 yrs

Sandra Bell

TITLE
Chief Financial Officer
COMPENSATION
$934K
AGE
60
TENURE
3.9 yrs

Neil Rifkind

TITLE
VP, General Counsel & Secretary
COMPENSATION
$934K
AGE
52
TENURE
5.9 yrs

Julia Wyatt

TITLE
Chief Operating Officer
COMPENSATION
$850K
AGE
60
TENURE
3.4 yrs

Tim Schott

TITLE
Principal Accounting Officer
COMPENSATION
$924K
AGE
48

Scott McKinney

TITLE
Director of Financial Planning & Analysis and Investor Relations
Board of Directors Tenure

Average tenure and age of the Tiptree board of directors in years:

5
Average Tenure
61.5
Average Age
  • The tenure for the Tiptree board of directors is about average.
Board of Directors

Michael Barnes

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
51
TENURE
8.8 yrs

Jonathan Ilany

TITLE
CEO & Director
COMPENSATION
$2M
AGE
65
TENURE
8.8 yrs

John Mack

TITLE
Director
COMPENSATION
$166K
AGE
71
TENURE
4.1 yrs

Paul Friedman

TITLE
Director
COMPENSATION
$161K
AGE
62
TENURE
2.8 yrs

Lesley Goldwasser

TITLE
Lead Director
COMPENSATION
$151K
AGE
56
TENURE
2.8 yrs

Bradley Smith

TITLE
Director
COMPENSATION
$151K
AGE
61
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tiptree insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Jun 19 Buy Jonathan Ilany Individual 03. Jun 19 03. Jun 19 1,950 $6.08 $11,854
09. May 19 Buy Jonathan Ilany Individual 08. May 19 08. May 19 4,500 $5.93 $26,685
10. Dec 18 Buy Jonathan Ilany Individual 07. Dec 18 07. Dec 18 3,800 $5.33 $20,254
X
Management checks
We assess Tiptree's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tiptree has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TIPT News

Simply Wall St News

Those Who Purchased Tiptree (NASDAQ:TIPT) Shares Five Years Ago Have A 37% Loss To Show For It

See our latest analysis for Tiptree Because Tiptree is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over five years, Tiptree grew its revenue at 27% per year. … So you might argue the Tiptree should get more credit for its rather impressive revenue growth over the period.

Simply Wall St -

Do Institutions Own Tiptree Inc. (NASDAQ:TIPT) Shares?

With a market capitalization of US$215m, Tiptree is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Tiptree NasdaqCM:TIPT Ownership Summary, May 23rd 2019 What Does The Institutional Ownership Tell Us About Tiptree? … Insider Ownership Of Tiptree While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Does Tiptree Inc.'s (NASDAQ:TIPT) CEO Pay Matter?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jonathan Ilany's Compensation Compare With Similar Sized Companies. … is worth US$210m, and total annual CEO compensation is US$3.7m.

Simply Wall St -

Should You Buy Tiptree Inc. (NASDAQ:TIPT) For Its 2.2% Dividend?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does Tiptree tick all the boxes of a great dividend stock? … Check out our latest analysis for Tiptree

Simply Wall St -

Do Insiders Own Shares In Tiptree Inc. (NASDAQ:TIPT)?

The big shareholder groups in Tiptree Inc. … With a market capitalization of US$202m, Tiptree is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Tiptree

Simply Wall St -

Have Insiders Been Buying Tiptree Inc. (NASDAQ:TIPT) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in Tiptree Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Is Tiptree Inc (NASDAQ:TIPT) A Smart Pick For Income Investors?

Historically, Tiptree Inc (NASDAQ:TIPT) has been paying a dividend to shareholders. … Let's dig deeper into whether Tiptree should have a place in your portfolio. … Check out our latest analysis for Tiptree

Simply Wall St -

How Should Investors Feel About Tiptree Inc's (NASDAQ:TIPT) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Jonathan Ilany's Compensation Compare With Similar Sized Companies. … It would therefore appear that Tiptree Inc pays Jonathan Ilany more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

Is Tiptree Inc (NASDAQ:TIPT) An Attractive Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Over the past 10 years, Tiptree Inc (NASDAQ:TIPT) has returned an average of 3.00% per year to shareholders in terms of dividend yield. … Let's take a look at Tiptree in more detail.

Simply Wall St -

Is Tiptree Inc's (NASDAQ:TIPT) CEO Pay Justified?

Jonathan Ilany is the CEO of Tiptree Inc (NASDAQ:TIPT), which has recently grown to a market capitalization of US$260.48m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

Simply Wall St -

TIPT Company Info

Description

Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contract products, and niche commercial and consumer insurance programs, as well as offers value-add services, including premium finance and business processing services. It also engages in asset management operations; the provision of mortgage loans for institutional investors; and other investment activities. Tiptree Inc. markets its products through a network of independent insurance brokers and managing general agencies. The company was formerly known as Tiptree Financial Inc. and changed its name to Tiptree Inc. in December 2016. Tiptree Inc. was incorporated in 2007 and is based in New York, New York.

Details
Name: Tiptree Inc.
TIPT
Exchange: NasdaqCM
Founded: 2007
$219,930,798
34,526,028
Website: http://www.tiptreeinc.com
Address: Tiptree Inc.
299 Park Avenue,
13th Floor,
New York,
New York, 10171,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM TIPT Class A Common Stock Nasdaq Capital Market US USD 22. Jun 2007
Number of employees
Current staff
Staff numbers
959
Tiptree employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 00:07
End of day share price update: 2019/06/14 00:00
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.