Tiptree Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 404.52 million compared to USD 339.84 million a year ago. Net income was USD 5.99 million compared to net loss of USD 22.41 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to basic loss per share from continuing operations of USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to diluted loss per share from continuing operations of USD 0.64 a year ago.
For the six months, revenue was USD 786.14 million compared to USD 664.75 million a year ago. Net income was USD 4.93 million compared to net loss of USD 23.37 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to diluted loss per share from continuing operations of USD 0.67 a year ago.