Stock Analysis Report

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Executive Summary

Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States.

Snowflake Analysis

Mediocre balance sheet and overvalued.

Similar Companies

Share Price & News

How has Tiptree's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: TIPT's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Insurance


US Market

1 Year Return




US Insurance


US Market

Return vs Industry: TIPT exceeded the US Insurance industry which returned -19.7% over the past year.

Return vs Market: TIPT underperformed the US Market which returned 4.1% over the past year.

Shareholder returns

7 Day-0.2%3.5%1.0%
30 Day11.9%4.3%5.4%
90 Day-11.0%-23.3%-5.7%
1 Year2.1%-0.5%-17.7%-19.7%6.5%4.1%
3 Year2.6%-4.2%-2.0%-9.7%28.3%19.8%
5 Year0.5%-9.5%25.4%10.0%52.2%35.0%

Price Volatility Vs. Market

How volatile is Tiptree's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Tiptree undervalued compared to its fair value and its price relative to the market?


Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TIPT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TIPT's fair value to establish if it is undervalued.

Price To Earnings Ratio

PE vs Industry: TIPT is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.

PE vs Market: TIPT is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TIPT's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: TIPT is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (0.9x).

Next Steps

Future Growth

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


Forecasted Insurance industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tiptree has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Tiptree performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TIPT is currently unprofitable.

Growing Profit Margin: TIPT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: TIPT is unprofitable, but has reduced losses over the past 5 years at a rate of 0.02% per year.

Accelerating Growth: Unable to compare TIPT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TIPT is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-0.4%).

Return on Equity

High ROE: TIPT has a negative Return on Equity (-13%), as it is currently unprofitable.

Next Steps

Financial Health

How is Tiptree's financial position?

Financial Position Analysis

Short Term Liabilities: TIPT's short term assets ($1.2B) do not cover its short term liabilities ($1.3B).

Long Term Liabilities: TIPT's short term assets ($1.2B) exceed its long term liabilities ($798.5M).

Debt to Equity History and Analysis

Debt Level: TIPT's debt to equity ratio (125.8%) is considered high.

Reducing Debt: TIPT's debt to equity ratio has increased from 120% to 125.8% over the past 5 years.

Balance Sheet

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.

Stable Cash Runway: Whilst unprofitable TIPT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TIPT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19% per year.

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TIPT's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: TIPT's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (4.73%).

Stability and Growth of Payments

Stable Dividend: TIPT's dividend payments have been volatile in the past 10 years.

Growing Dividend: TIPT's dividend payments have fallen over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: TIPT is paying a dividend but the company is unprofitable.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Jonathan Ilany (66yo)





Mr. Jonathan Ilany serves as President at Tiptree Asset Management Company, LLC. Mr. Ilany has been the Chief Executive Officer of Tiptree Inc. (formerly known as Tiptree Financial Inc.) since November 10, ...

CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD3.02M) is above average for companies of similar size in the US market ($USD1.42M).

Compensation vs Earnings: Jonathan's compensation has increased whilst the company is unprofitable.

Leadership Team

Michael Barnes
Executive Chairman of the Board9.75yrsUS$1.90m23.83% $50.1m
Jonathan Ilany
CEO & Director5.25yrsUS$3.02m3.46% $7.3m
Sandra Bell
Chief Financial Officer4.83yrsUS$971.87k0.0057% $12.1k
Neil Rifkind
VP, General Counsel & Secretary6.83yrsUS$951.82k0.019% $40.5k
Julia Wyatt
Chief Operating Officer5.33yrsUS$850.10kno data
Timothy Schott
Principal Accounting Officerno dataUS$923.57kno data
Scott McKinney
Director of Financial Planning & Analysis and Investor Relationsno datano datano data


Average Tenure


Average Age

Experienced Management: TIPT's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Michael Barnes
Executive Chairman of the Board9.75yrsUS$1.90m23.83% $50.1m
Jonathan Ilany
CEO & Director5.25yrsUS$3.02m3.46% $7.3m
John Mack
Independent Director5yrsUS$164.16k0.14% $297.6k
Bradley Smith
Independent Director6.83yrsUS$149.16k0.19% $392.9k
Lesley Goldwasser
Lead Independent Director3.75yrsUS$149.16k0.15% $315.2k
Dominique Mielle
Independent Director0.33yrno data0.014% $29.8k
Paul Friedman
Independent Director3.75yrsUS$159.16k0.13% $282.6k


Average Tenure


Average Age

Experienced Board: TIPT's board of directors are considered experienced (5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: TIPT insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Tiptree Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Tiptree Inc.
  • Ticker: TIPT
  • Exchange: NasdaqCM
  • Founded: 2007
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$210.389m
  • Shares outstanding: 34.32m
  • Website:

Number of Employees


  • Tiptree Inc.
  • 299 Park Avenue
  • 13th Floor
  • New York
  • New York
  • 10171
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TIPTNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDJun 2007


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. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 00:56
End of Day Share Price2020/05/22 00:00
Annual Earnings2019/12/31

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.