Tiptree Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 446.37 million compared to USD 369.53 million a year ago. Net income was USD 6.87 million compared to USD 0.871 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.02 a year ago.
For the full year, revenue was USD 1,649.03 million compared to USD 1,397.75 million a year ago. Net income was USD 13.95 million compared to net loss of USD 8.27 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to basic loss per share from continuing operations of USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to diluted loss per share from continuing operations of USD 0.23 a year ago.