Tiptree Shareholder Veradace Partners Urges Stockholders To Vote Against Proposed Acquisition Of Fortegra Group

Veradace Partners L.P. (collectively with its affiliates, "Veradace" or "we"), a significant shareholder of Tiptree Inc. (Nasdaq: TIPT) ("Tiptree" or the "Company"), with beneficial ownership of 5.1% of the outstanding common stock, today issued the following letter to fellow TIPT shareholders regarding its opposition to the proposed sale (the "Proposed Sale") of the Fortegra Group ("Fortegra") to DB Insurance ("DB Insurance").

ellow Shareholders,

Veradace has been a constructive, long-term investor in Tiptree since 2019. We invested because the Company offered exposure to Fortegra, its most valuable and profitable asset, which presently accounts for over 90% of Tiptree's total value.

As the December 3rd Special Meeting approaches, we want to reiterate our strong opposition to the Proposed Sale of Fortegra. In our view, the transaction:

• resulted from a rushed and incomplete process that was motivated by management and the Board's desire to divert the proceeds away from shareholders
• relies upon an unjustifiably weak fairness opinion that acknowledges the transaction price is hundreds of millions of dollars below fair value for Fortegra's earnings
• is structured to bypass typical protections for unaffiliated shareholders, such as Maryland's law for the protection of minority investors or the standard majority of the minority vote that is seen in transactions at controlled companies