Tiptree Announces First Quarter 2024 Results
Tiptree Capital income before taxes was $3.7 million for the quarter, compared to a loss of $1.1 million in Q1'23, driven by higher mortgage revenues and investment gains on securities in the Company’s investment holdings.
- Tiptree Capital income before taxes was $3.7 million for the quarter, compared to a loss of $1.1 million in Q1'23, driven by higher mortgage revenues and investment gains on securities in the Company’s investment holdings.
- In April 2024, the Company sold its Invesque shares for $0.6 million, thus eliminating quarterly mark-to-market volatility, and crystallizing a capital loss for tax purposes of approximately $108 million.
- Tiptree will host a conference call on Thursday, May 2, 2024 at 10:30 a.m. Eastern Time to discuss its Q1 2024 financial results.
- A replay of the call will be available from Thursday, May 2, 2024 at 01:30 p.m. Eastern Time, until midnight Eastern on Thursday, May 9, 2024.