6 unchanged sentences
Share repurchase activity for the three months ended December 31, 2020 was as follows:
+Added: Period Purchaser Total
Purchased (1)
+Added: Share Total Number
+Added: Programs Approximate
Dollar Value of
−Removed: October 1, 2019 to October 31, 2019
−Removed: November 1, 2019 to November 30, 2019
+Added: October 1, 2020 to October 31, 2020 Tiptree Inc.
+Added: November 1, 2020 to November 30, 2020 Tiptree Inc.
+Added: 210,763 $ 5.31 210,763
December 1, 2020 to December 31, 2020:
−Removed: Open Market Purchases
−Removed: On May 2, 2019, the Board of Directors of Tiptree (“Board”) authorized Tiptree’s Executive Committee to repurchase up to $20 million of its outstanding Common Stock in the aggregate from time to time.
+Added: Open Market Purchases Tiptree Inc.
+Added: 446,936 $ 5.23 446,936
+Added: Total 657,699 $ 5.26 657,699 $ 16,571
+Added: (1) On November 2, 2020, the Board of Directors of Tiptree (“Board”) authorized Tiptree’s Executive Committee to repurchase up to $20 million of its outstanding common stock in the aggregate from time to time.
Selected Financial Data
4 unchanged sentences
Consolidated Statement of Operations Data:
−Removed: For the Years Ended December 31,
(in thousands, except shares and per share amounts) 2020 2019 2018 (1)
2 unchanged sentences
Net income (loss) attributable to consolidated CLOs (2)
−Removed: Income (loss) before taxes from continuing operations
+Added: — — — 10,457 20,254
+Added: Income (loss) before taxes (38,852) 29,139 (19,796) (3,330) 49,140
provision (benefit) for income taxes (13,627) 9,017 (5,909) (12,562) 12,515
1 unchanged sentence
Net income (loss) from discontinued operations — — 43,770 (3,998) (4,287)
−Removed: Net income (loss) before non-controlling interests
+Added: Net income (loss) (25,225) 20,122 29,883 5,234 32,338
net income (loss) attributable to non-controlling interests 3,933 1,761 5,950 1,630 7,018
8 unchanged sentences
Weighted average number of Common Shares:
+Added: Basic 33,859,775 34,578,292 34,715,852 29,134,190 31,721,449
+Added: Diluted 33,859,775 34,578,292 34,715,852 37,306,632 31,766,674
Cash dividends paid per common share $ 0.160 $ 0.155 $ 0.135 $ 0.120 $ 0.100
−Removed: As of December 31,
Consolidated Balance Sheet Data:
(in thousands)
+Added: 2020 2019 2018 2017 2016
Total assets (3)
+Added: $ 2,995,760 $ 2,198,286 $ 1,864,918 $ 1,989,742 $ 2,890,050
Debt, net (4)
+Added: 366,246 374,454 354,083 346,081 554,870
Total stockholders’ equity 373,538 411,415 399,259 396,774 390,144
1 unchanged sentence
stockholders’ equity 356,144 398,062 387,101 300,077 293,431
−Removed: Care revenues of $6.5 million, $76.0 million, $60.7 million and $46.1 million and net income (loss) of $43.8 million, $(4.0) million, $(4.3) million and $(11.7) million for the years ended December 31, 2018, 2017, 2016 and 2015, respectively, are included in Net income (loss) from discontinued operations, net.
−Removed: Philadelphia Financial Group, Inc.
−Removed: revenues of $40.5 million and net income of $7.0 million for the year ended December 31, 2015, and gain on sale of $15.6 million for the year ended December 31, 2015 are included in Net income (loss) from discontinued operations, net.
+Added: (1) Care revenues of $6.5 million, $76.0 million and $60.7 million and net income (loss) of $43.8 million, $(4.0) million and $(4.3) million for the years ended December 31, 2018, 2017 and 2016, respectively, are included in Net income (loss) from discontinued operations, net.
(2) During 2017, the Company exited all consolidated CLOs.
−Removed: The operations of the CLO were consolidated in the results of the Company through the redemption date.
−Removed: See Note (3) Dispositions, Assets Held for Sale and Discontinued Operations .
−Removed: Total assets on December 31, 2016 and 2015 include $989.5 million and $728.8 million of assets held by consolidated CLO entities, respectively.
+Added: The operations of the CLOs were consolidated in the results of the Company through the redemption date.
+Added: (3) Total assets on December 31, 2016 includes $989.5 million of assets held by consolidated CLO entities.
(4) Excludes debt of discontinued operations.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.