Tiptree announced that its shareholders have approved the previously disclosed agreement for DB Insurance Co., Ltd. to acquire all outstanding shares of The Fortegra Group, Inc., a global specialty insurance company and subsidiary of Tiptree, at a special meeting of the company’s shareholders.
DB Insurance originally announced in September 2025 that it would acquire 100% of Fortegra’s outstanding shares for approximately $1.65 billion in cash.
On Nov. 24, proxy advisory firms were reported to be divided over their assessment of the proposed sale, setting the stage for a contentious shareholder vote at the company’s special meeting.
According to preliminary results, approximately 81% of all shareholders voted in favor of the merger proposal at the special meeting.
“We thank our shareholders for their consideration and strong support in approving the proposed merger,” said Michael G. Barnes, Tiptree’s executive chairman.
“This transaction represents a significant milestone in Tiptree’s 18 years of value creation and we are committed to continuing our strong track record of creating long-term shareholder value.”
Tiptree continues to expect the merger to close by mid-2026, subject to customary closing conditions, including receipt of required regulatory approvals.
