Tiptree jumps on report Fortegra agrees to $1.65 billion buyout deal

Tiptree

25/09/2025 15:46

** Investment manager Tiptree's TIPT.O shares jump as much as 15.2%; last up 8.4% at $25.81

** South Korea's DB Insurance 005830.KS has agreed to acquire U.S. specialty carrier Fortegra in a $1.65 billion deal, the Insurer reports, citing people familiar with the matter

** Announcement could come as soon as Thursday evening in the U.S., according to the Insurer, a Reuters publication

** Deal comes after TIPT twice shelved the planned IPO of its insurance arm Fortegra in New York since 2021

** TIPT bought Fortegra in a $218 million all-cash transaction in 2014

** As of last close, TIPT stock up 14.1% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))