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Insurer to underwrite up to $50,000 in early-life coverage for prospective parents
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Tiptree Inc. (“Tiptree”)(NASDAQ:TIPT) has repurchased 1,000,000 shares of Class A common stock of Tiptree for aggregate consideration of $7,300,000 from Nomura Securities Co., Ltd. The transaction is expected to be accretive to both book value and earnings per share on a GAAP basis. The shares acquired will be held as treasury shares and will not be outstanding for accounting or voting purposes. Following the transaction there are 29,017,46