Tiptree extends slump after announcing Fortegra sale
ReutersSep 26, 2025 2:34 PM
Investment manager Tiptree's TIPT.O shares slide 7.8% to $18.60
South Korea's DB Insurance 005830.KS will buy U.S.-based insurer Fortegra from Tiptree and buyout firm Warburg Pincus in a $1.65 billion all-cash deal, the companies announced late Thursday
TIPT stock plunged 15% on Thursday after media reports said Fortegra had agreed to be acquired
TIPT had previously twice tried to take Fortegra public in New York since 2021 to monetize the asset
As of last close, TIPT stock down 3.3% YTD
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