Tiptree (TIPT) investor relations material

Executive summary

• Announced all-cash sale agreements for Fortegra ($1.65 billion) and Reliance First Capital ($50 million), both expected to close by mid-2026 and classified as discontinued operations as of March 31, 2026.

• Pro-forma book value estimated at $912 million or $23.80 per diluted share post-transaction.

• Net income attributable to common stockholders was $14.2 million for Q1 2026, up from $5.6 million in Q1 2025, driven by higher discontinued operations earnings.

• Focus remains on long-term value creation, disciplined investing, share repurchases, and dividends.

Financial highlights

• $2.4 billion in realized investments since inception, with a 2.8x MOIC and 22% IRR.

• Net income attributable to common stockholders was $14.25 million in Q1 2026, up from $5.64 million year-over-year.

• Book value per share increased 6.2% year-over-year to $13.42 as of March 31, 2026.

• $187 million returned to shareholders via repurchases, distributions, and dividends.

• Total revenues for Q1 2026 were $8.997 million, down from $12.972 million year-over-year.

Outlook and guidance

• Anticipated closing of Fortegra and Reliance sales by mid-2026, subject to regulatory and customary closing conditions.

• Management expects sale proceeds to provide sufficient capital for debt repayment, capital expenditures, and general corporate needs.

• Continued focus on acquiring controlling interests in resilient, high-growth businesses and maintaining consistent dividends.