Tiptree plans to inject capital into USIG to accelerate its growth, targeting the firm’s proprietary underwriting technology and established distribution network. The transaction, which remains subject to customary regulatory approvals, is slated to close in the first quarter of 2027. Michael Barnes, chairman and chief executive of Tiptree, described the acquisition as a clear path for scalable expansion, while USIG Chief Executive Chris Timm noted the partnership would bolster their existing underwriting capabilities.

This acquisition follows a period of significant portfolio restructuring for Tiptree. The company recently finalized the sale of its Fortegra unit, which yielded $1.12 billion in proceeds and a $372.2 million gain, alongside the $49.7 million sale of its mortgage subsidiary, Reliance. These divestments contributed to a strong second-quarter performance, with net income rising to $389.2 million, or $10.30 per share, compared to $19 million in the same period last year.