Tiptree Inc rises on strong Q2 results
08/08/2022 16:31
** Shares of Tiptree Inc TIPT.O rise as much as 3% to
$11.47; stock last up 2.6%, on course to snap three-day losing
streak
** Company says Q2 revenue rose 13.4% to $339.8 mln, helped
by growth in subsidiary Fortegra's specialty insurance lines and
increased vessel revenue urn:newsml:reuters.com:*:nBw7SPpKYa
** TIPT's Q2 adjusted net income rose to $14.0 mln, from
$13.1 mln, a year earlier
** Stock down ~18% this year
(Reporting by Ananya Mariam Rajesh in Bengaluru)
((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))