Tiptree Reports Second Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three and six months ended June 30, 2022. Second Quarter 2022 Summary In June 2022, Tiptree closed the previously announced $200 million strategic investment in Fortegra by Warburg Pincus. As part of the closing, $113 million of Tiptree’s corporate debt was repaid in full. Tiptree recognized a $63.2 million pre-tax gain in stockholders’ equity from the investment in
Tiptree Reports Second Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three and six months ended June 30, 2022. Second Quarter 2022 Summary In June 2022, Tiptree closed the previously announced $200 million strategic investment in Fortegra by Warburg Pincus. As part of the closing, $113 million of Tiptree’s corporate debt was repaid in full. Tiptree recognized a $63.2 million pre-tax gain in stockholders’ equity from the investment in