Tiptree Inc. reports strong Q3 2024 earnings with 28% revenue growth

Tiptree Inc. reported strong financial results for the third quarter of 2024. Year-to-date revenues rose by 28% compared to the previous year, with an adjusted return on equity of 22%. The company's insurance division, Fortegra, also performed well, achieving a 28% increase in revenue and a 38% rise in adjusted net income. Growth was driven by specialty insurance lines, especially in the excess and surplus market. Gross written premiums reached $2.2 billion, marking a 10% increase from 2023. Tiptree's overall performance reflects continued expansion in its business sectors.