Fortegra Group earnings increase 18% in third quarter

Earnings surged 33% to $40 million for the specialty insurance company.


  • By Mark Basch
  • | 10:00 a.m. November 7, 2024
  • | 4 Free Articles Remaining!
The headquarters of Fortegra Group is at 10751 Deerwood Park Blvd., Suite 200, in Jacksonville.
The headquarters of Fortegra Group is at 10751 Deerwood Park Blvd., Suite 200, in Jacksonville.
  • Columnists
  • Basch Report
  • Share

Fortegra Group’s third-quarter revenue rose 18% to $481 million, with adjusted earnings jumping 33% to $40 million, parent company Tiptree Inc. reported Oct. 30.

Jacksonville-based Fortegra is a specialty insurance company and the largest business of Connecticut-based investment company Tiptree.

Tiptree said as of Sept. 30, it owned about 79.3% of Fortegra, with investment firm Warburg Pincus owning 17.7% and management and directors of Fortegra owning the remaining 3%.

 

Sponsored Content

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.