TIPTREE INC.

Tiptree Inc. (Nasdaq: TIPT) operates as a holding company focused on allocating capital to select small and middle market companies, primarily within the insurance and credit-related financial sectors. The company maintains its headquarters at www.tiptreeinc.com and pursues a patient capital approach with a long-term investment philosophy designed to generate consistent earnings and cash flow while enhancing stockholder value.

As of December 31, 2025, Tiptree and its consolidated subsidiaries employed 1,486 people, with 14 employees at corporate headquarters in Greenwich, Connecticut, responsible for overall strategy, capital allocation, and investment decisions. The company's business model centers on acquiring controlling interests in companies that operate in industries with long-term growth opportunities, maintain positive and stable cash flows, offer scalable business models, and possess strong management teams.

Historically, Tiptree's portfolio has included two primary operating segments classified as held for sale and discontinued operations. Fortegra represents the company's insurance business, a multinational specialty insurance company founded in 1978 that focuses on underwriting complex and niche risks in underserved markets through admitted and excess and surplus insurance lines. Fortegra distributes specialty programs primarily through managing general agents, retail agents, and other distribution partners, utilizing a sophisticated reinsurance strategy to manage volatility. The mortgage operations conducted through Reliance First Capital focused on originating and servicing agency-eligible and conventional loans, generating revenues from gain on sale income, loan fees, servicing fees, and net interest income.

In September 2025, Tiptree entered into an agreement to sell Fortegra for $1.65 billion in aggregate cash consideration, with the transaction expected to close subject to customary conditions. Subsequently, in October 2025, the company agreed to sell Reliance for approximately $50 million based on tangible book value. Following these transactions, Tiptree's future operations will depend solely on its retained business. The company maintains a 34 percent ownership stake through directors, officers, employees, and related trusts, reflecting significant insider alignment with shareholder interests.