Tiptree: 2Q Earnings Snapshot
NEW YORK (AP) _ Tiptree Financial Inc. (TIPT) on Monday reported second-quarter net income of $826,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 2 cents.
The insurance and specialty finance company posted revenue of $152.7 million in the period.
Tiptree shares have climbed 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.50, a drop of 1.5 percent in the last 12 months.