Tiptree Inc. Financial Ratios — TIPT Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	331.84	116.79	76.89	-11.98	39.43	93.94	9.47	50.18	28.8	-55.18	73.59	-13.53	24.29	68.22	32.14
Return on Assets (%)	16.84	0.45	0.17	-0.02	0.11	0.94	0.15	1.24	0.9	-1.12	1.16	-0.22	0.3	0.99	0.56
Return on Capital (%)	39.82	- -	-2.47	-11.57	- -	4.9	- -	- -	8.39	- -	12.94	-3.91	0.23	5.62	- -
Return on Invested Capital (%)	4.76	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	90.98	97.88	100	100	100	100	100	33.76	100	100	100	100	100	100	100
EBITDA Margin (%)	46.36	13.67	27.46	13.53	11.5	5.64	5.17	2.01	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	21.41	7.83	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	3.64	4.15	12.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	114.22	53.68	68.51	0.98	-0.74	9.7	-0.57	-3.16	3.81	-4.79	5.44	3.86	1,371.14	-6,270.24	4,330.29
Profit Margin (%)	114.22	18.81	43.77	-2.13	1.47	5	0.62	3.82	2.4	-3.6	3.18	-0.59	-439.96	8,677.56	-3,390.97
Net Income to Common Margin (%)	114.22	18.81	43.77	-2.13	1.47	5	0.62	3.82	2.4	-3.6	3.18	-0.59	-439.96	8,677.56	-3,390.97
Effective Tax Rate (%)	- -	- -	3.44	525.51	- -	25.47	- -	- -	30.94	- -	32.58	93.41	51.84	41.29	- -
Dvd Payout Ratio (%)	24.89	0.87	0.79	- -	379.93	7.31	32.21	-60.24	25.14	-26.14	10.82	50.5	-19.11	-56.61	-23.31
Sustainable Growth Rate (%)	249.23	115.77	76.28	-11.98	-110.39	87.07	6.42	80.41	21.56	-69.61	65.62	-6.7	28.94	106.84	39.63

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	96	196	289	328	632	520	311	319	369	364	388	262	408	11	81
ST Debt	- -	- -	55	141	356	415	147	158	115	148	159	61	197	- -	8
LT Debt	96	196	234	187	276	105	164	161	254	216	229	202	211	11	73
Total Debt/EBITDA	14.32	21.07	44.27	30.2	14	18.21	10.37	25.33	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	6.52	11.53	29.3	25.33	12.47	16.47	6.68	18.5	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	30.99	36.81	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	14.12	20.15	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	1.17	1.15	1.34	0.87	2.7	1.36	1.17	0.47	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	1.12	1.15	1.34	0.85	2.46	1.29	1.1	0.33	-0.31	-0.21	-0.07	-0.35	-0.15	- -	- -
EBIT to Interest Expense	0.54	0.66	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	6	8	5	13	17	21	26	27	27	33	38	30	28	32	- -
Common Equity/Total Assets	5.13	0.22	0.22	0.16	0.64	1.32	1.92	3.07	3.19	1.18	1.89	1.34	1.18	1.68	1.78
Long-Term Debt/Equity (%)	102.67	36.53	58.91	46.65	69.42	26.99	41.28	40.3	61.78	57.92	57.28	37.81	36.54	1.7	9.65
Long-Term Debt/Capital (%)	90.6	30.82	38.86	40.84	37.68	16.09	36.73	41.42	56.17	51.88	48.44	44.56	33.54	3.64	16.27
Long-Term Debt/Total Assets (%)	49.47	3.54	3.4	2.28	11.07	3.64	8.23	8.63	11.56	7.22	6.37	4.99	4.1	0.2	1.06
Total Debt/Equity (%)	102.67	36.53	72.74	81.72	158.9	133.25	78.4	79.92	89.68	97.49	96.89	49.18	70.73	1.7	10.73
Total Debt/Capital (%)	90.6	30.82	47.98	71.54	86.25	79.42	69.76	82.13	81.53	87.33	81.95	57.96	64.92	3.64	18.1
Total Debt/Total Assets (%)	49.47	3.54	4.2	4	25.33	17.99	15.63	17.11	16.78	12.16	10.77	6.5	7.94	0.2	1.18
Net Debt to Equity	46.78	19.99	48.13	68.53	141.45	120.49	50.51	58.38	50.15	52.02	45.64	-58.79	-17.57	47.04	5.49
Net Debt/Capital (%)	81.46	19.6	37.9	67.82	84.81	77.72	59.78	77.05	64.6	69.38	61.4	367.71	-63.51	107.83	9.94
EBITDA	7	9	7	11	45	29	30	13	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	6	9	7	11	41	27	28	9	-9	-7	-3	-11	-4	- -	- -
Operating Income (Loss)	3	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	13.2	54.65	0.08	0.03	0.26	0.16	0.46	1.53	- -	- -	- -	- -	- -	- -	- -
Current Ratio	13.2	24.19	0.13	0.01	0.09	0.11	0.23	4.23	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	13.2	54.65	0.09	0.09	0.82	0.56	1.33	4.23	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	1.22	12.47	-0.01	0.01	- -	0.03	0.05	0.13	0.2	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	5.13	0.22	0.22	0.16	0.64	1.32	1.92	3.07	3.19	1.18	1.89	1.34	1.18	1.68	1.78
Long-Term Debt/Equity (%)	102.67	36.53	58.91	46.65	69.42	26.99	41.28	40.3	61.78	57.92	57.28	37.81	36.54	1.7	9.65
Long-Term Debt/Capital (%)	90.6	30.82	38.86	40.84	37.68	16.09	36.73	41.42	56.17	51.88	48.44	44.56	33.54	3.64	16.27
Long-Term Debt/Total Assets (%)	49.47	3.54	3.4	2.28	11.07	3.64	8.23	8.63	11.56	7.22	6.37	4.99	4.1	0.2	1.06
Total Debt/Equity (%)	102.67	36.53	72.74	81.72	158.9	133.25	78.4	79.92	89.68	97.49	96.89	49.18	70.73	1.7	10.73
Total Debt/Capital (%)	90.6	30.82	47.98	71.54	86.25	79.42	69.76	82.13	81.53	87.33	81.95	57.96	64.92	3.64	18.1
Total Debt/Total Assets (%)	49.47	3.54	4.2	4	25.33	17.99	15.63	17.11	16.78	12.16	10.77	6.5	7.94	0.2	1.18
CFO/Total Liabilities	7.78	0.73	-0.05	0.3	-0.45	1.47	2.95	3.94	1.33	5.35	6.39	13.21	1.57	4.78	2.76
CFO/CapEx	30.12	- -	-233.38	96.53	-2.33	24.76	26.86	15.4	2.79	20.94	73.92	43.17	17.44	7,295.64	- -
Altman's Z-Score	0.91	0.04	-0.17	-1.02	-0.22	-0.21	0.09	1.03	0.52	0.36	0.48	0.48	0.11	0.12	0.09

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	157.23	- -	- -	0.61	1.15	1.32	1.52	1.42	1.44	1.15	1.3	1.74	- -	- -	- -
Days Sales Outstanding	2.32	- -	- -	601.67	316.2	275.9	240.33	257.83	253.26	318.43	279.9	210.28	-103,992.19	756,340.83	-236,451.96
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	0.87	0.72	- -	- -	- -	- -	- -	2.49	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	419.98	507.32	- -	- -	- -	- -	- -	146.42	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	-417.66	-507.32	- -	- -	- -	- -	- -	111.41	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	2.32	- -	- -	- -	- -	- -	- -	257.83	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	66	77	75	136	204	195	173	194	281	170	459	492	696	769	686
- Cash & Cash Equivalents	52	89	98	53	69	50	111	86	133	137	176	538	469	19	31
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	427	298	117	85	97	97	12	13	17	17	136	160	199	244
+ Total Debt	96	196	289	328	632	520	311	319	369	364	388	262	408	11	81
Enterprise Value	110	595	564	357	667	616	288	156	195	37	111	-260	-8	949	963
Total Capital	106	635	602	459	733	655	446	389	453	417	473	453	628	306	446
Total Debt/Capital (%)	90.6	30.82	47.98	71.54	86.25	79.42	69.76	82.13	81.53	87.33	81.95	57.96	64.92	3.64	18.1
Total Debt / EV	0.88	0.33	0.51	0.92	0.95	0.84	1.08	2.05	1.89	9.72	3.48	-1.01	-50.32	0.01	0.08
EV/Sales	7.58	8.77	23.76	4.45	1.7	1.22	0.5	0.25	0.26	0.05	0.09	0.24	0.48	1,543.2	- -
EV/EBITDA	16.36	64.1	86.52	32.86	14.77	21.57	9.6	12.36	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	35.41	111.98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	8.08	13.27	339.16	- -	228.98	11.77	- -	2.03	4.61	0.23	0.48	0.73	9.29	3.54	5.72
EV/Free Cash Flow to Firm	7.93	13.27	336.53	- -	95.54	11.45	- -	1.94	3.84	0.22	0.48	0.72	7.97	3.54	5.72
Diluted Market Cap	67	77	75	136	204	195	222	194	281	170	466	492	713	791	686
Diluted Enterprise Value	111	611	564	528	851	762	519	439	531	415	695	352	812	982	980
EV per Share	10.81	57.86	55.04	21.29	20.08	19.41	9.89	4.49	5.65	1.11	3.35	9.59	21.46	25.74	25.64
TTM Sales	14	68	24	80	392	506	580	626	765	810	1,201	1,398	-3	1	-1
TTM EBITDA	7	9	7	11	45	29	30	13	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	3	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	14	45	2	-30	3	52	-24	77	42	161	230	465	96	268	168
TTM Free Cash Flow to Firm	14	45	2	-29	7	54	-22	80	51	168	232	476	100	268	168

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	8.28	2.1	-24.91	5.69	-37.83	5.12	4.56	3.16	8.72	1.16	2.25	1.04	9.44	3.29	4.08
EV/EBIT	35.41	111.98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	110	595	564	357	667	616	288	156	195	37	111	-260	-8	949	963
Low Price	4.75	5.38	5	6.48	5.17	4.74	5.7	5.01	5.35	4.45	4.82	9.84	12.12	14.96	17.07
EV/Sales	7.58	8.77	23.76	4.45	1.7	1.22	0.5	0.25	0.26	0.05	0.09	0.24	0.48	1,543.2	- -
EV/EBITDA	16.36	64.1	86.52	32.86	14.77	21.57	9.6	12.36	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	3.99	6.04	7.24	- -	35.28	7.7	48.1	8.11	15.33	- -	12.05	- -	49.87	14.41	19.65
Price/Earnings Average	3.73	5.53	7.12	-77.86	38.56	7.22	53.31	9.05	12.52	-6.73	8.78	-51.94	40.99	12.82	22.59
Price/Earnings High	4.61	6.04	9.86	-137.12	47.05	8.96	61.44	10.3	15.63	-9.45	15.07	-65.14	51.31	16.64	29.48
Price/Earnings Low	2.92	4.33	4.93	-63.56	29.7	5.94	46.08	7.27	10.08	-5.17	4.2	-42.26	31.88	10.34	18.36
Price/Book Value	6.62	6.48	4.97	10.12	12.83	5.13	4.55	3.39	4.01	4.79	6.74	9.08	11.46	8.03	5.64
Price/Book Value Average	6.19	5.93	4.89	9.92	14.02	4.81	5.04	3.78	3.27	5.53	4.91	7.94	9.42	7.14	6.49
Price/Book Value High	7.64	6.48	6.77	17.47	17.12	5.97	5.81	4.3	4.09	7.77	8.43	9.95	11.79	9.28	8.47
Price/Book Value Low	4.84	4.65	3.39	8.1	10.8	3.96	4.36	3.04	2.63	4.25	2.35	6.46	7.33	5.76	5.27
Price/Tangible Book Value	0.76	0.21	0.19	0.72	0.96	0.87	0.72	0.76	1.1	4.11	6.71	2.61	3.3	2.53	0.91
Price/Tangible Book Value Average	0.71	0.19	0.19	0.7	1.05	0.82	0.8	0.85	0.9	4.75	4.89	2.28	2.71	2.25	1.05
Price/Tangible Book Value High	0.88	0.21	0.26	1.24	1.29	1.01	0.92	0.96	1.12	6.67	8.39	2.86	3.4	2.92	1.37
Price/Tangible Book Value Low	0.56	0.15	0.13	0.57	0.81	0.67	0.69	0.68	0.72	3.65	2.34	1.85	2.11	1.81	0.85
Price/Sales	4.56	1.14	3.17	1.69	0.52	0.39	0.3	0.31	0.37	0.21	0.38	0.35	-219.4	1,250.67	-666.23
Price/Sales Average	4.26	1.04	3.11	1.66	0.57	0.36	0.33	0.35	0.3	0.24	0.28	0.31	-180.36	1,112.43	-765.96
Price/Sales High	5.26	1.14	4.32	2.92	0.69	0.45	0.38	0.39	0.38	0.34	0.48	0.39	-225.76	1,444.33	-999.53
Price/Sales Low	3.33	0.82	2.16	1.35	0.44	0.3	0.29	0.28	0.24	0.19	0.13	0.25	-140.25	896.94	-622.47
Price/Cash Flow	8.43	2.1	-24.8	5.74	-21.56	5.32	3.69	3.36	11.86	1.21	2.25	1.06	9.74	3.19	4.08
Price/Cash Flow Average	7.88	1.92	-24.37	5.63	-23.57	4.99	4.1	3.75	9.68	1.4	1.64	0.93	8	2.84	4.69
Price/Cash Flow High	9.73	2.1	-33.79	9.91	-28.76	6.19	4.72	4.27	12.09	1.97	2.81	1.16	10.02	3.69	6.12
Price/Cash Flow Low	6.16	1.51	-16.89	4.6	-18.16	4.1	3.54	3.01	7.79	1.07	0.78	0.76	6.22	2.29	3.81
Price/Free Cash Flow Average	7.74	1.92	-24.48	5.57	-41.35	4.8	5.06	3.52	7.13	1.34	1.64	0.91	7.76	2.92	4.69
Price/Free Cash Flow High	9.56	2.1	-33.93	9.81	-50.46	5.96	5.83	4.01	8.9	1.88	2.81	1.14	9.71	3.79	6.12
Price/Free Cash Flow Low	6.05	1.51	-16.97	4.55	-31.85	3.95	4.37	2.83	5.73	1.03	0.78	0.74	6.04	2.36	3.81
EV/Sales Average	7.28	8.91	23.71	6.54	2.22	1.48	0.84	0.74	0.63	0.54	0.47	0.21	0.4	1,422.63	- -
EV/Sales High	8.28	9.01	24.91	7.81	2.34	1.57	0.89	0.79	0.7	0.64	0.67	0.29	0.49	1,754.53	- -
EV/Sales Low	6.36	8.68	22.75	6.24	2.09	1.42	0.8	0.67	0.57	0.49	0.32	0.15	0.33	1,207.14	- -
EV/EBITDA Average	15.71	65.15	86.32	48.36	19.29	26.26	16.31	36.66	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	17.87	65.85	90.7	57.69	20.37	27.8	17.29	39.04	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	13.71	63.51	82.84	46.11	18.15	25.13	15.44	33.28	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	34.01	113.81	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	38.69	115.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	29.68	110.94	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	6.5	7.5	7.34	8.1	6.14	6.15	5.95	5.59	8.14	5.02	13.83	13.84	18.96	20.86	18.27
High Price	7.5	7.5	10	13.98	8.19	7.15	7.6	7.1	8.3	8.14	17.3	15.17	19.51	24.09	27.41
Enterprise Value Average	105	605	563	526	870	750	489	462	479	441	564	290	671	875	1,083
Enterprise Value High	120	611	591	627	919	794	519	492	536	520	804	400	815	1,079	1,323
Enterprise Value Low	92	590	540	501	819	717	463	419	434	395	389	210	544	742	935

Shares Outstanding	10	10	42	42	43	36	38	36	35	33	34	36	37	37	38
Diluted Weighted Avg Shares	10	10	10	17	33	32	37	35	35	34	34	36	38	38	38
Basic Weighted Avg Shares	10	10	10	17	33	32	29	35	35	34	33	36	37	37	38
Revenue per Share	1.43	6.6	2.32	4.79	11.82	15.96	19.9	18.03	22.13	23.93	36.13	39.34	-0.09	0.02	-0.03
EBITDA per Share	0.66	0.9	0.64	0.65	1.36	0.9	1.03	0.36	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	0.31	0.52	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.63	1.24	1.01	-0.1	0.17	0.8	0.12	0.69	0.53	-0.86	1.15	-0.23	0.38	1.45	0.93
Basic EPS from Cont Ops	1.63	3.57	1.53	-0.2	-0.06	1.15	0.32	-0.4	0.58	-0.74	1.33	0.1	-1.06	-0.88	-1.04
Diluted EPS, GAAP	1.6	1.24	1.01	-0.1	0.17	0.8	0.1	0.69	0.53	-0.86	1.13	-0.23	0.37	1.41	0.93
Diluted EPS from Cont Ops	1.6	3.57	1.53	-0.2	-0.06	1.15	0.25	-0.4	0.58	-0.74	1.31	0.1	-1.03	-0.85	-1.04
Dividend per Share	0.41	0.05	0.04	- -	0.1	0.1	0.12	0.14	0.16	0.16	0.16	0.22	0.2	0.5	0.24
Cash Flow per Share	0.77	3.57	-0.3	1.41	-0.28	1.16	1.61	1.66	0.69	4.14	6.15	13.03	1.95	6.53	4.48
Free Cash Flow per Basic Share	0.75	3.57	-0.3	1.4	-0.41	1.11	1.55	1.55	0.44	3.94	6.07	12.73	1.84	6.53	4.48
Cash & Equivalents per Share	5.15	10.19	9.53	13.36	7.65	6.18	10.06	10.65	13.54	15.18	22.67	32.37	34.65	0.82	1.27
Book Value per Share	0.98	1.16	1.48	0.8	0.48	1.2	1.31	1.65	2.03	1.05	2.05	1.52	1.65	2.6	3.24
Tangible Book Value per Share	8.54	35.98	37.79	11.3	6.37	7.05	8.28	7.36	7.39	1.22	2.06	5.31	5.75	8.26	20.03

Tiptree Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)