NEW YORK (AP) _ Tiptree Financial Inc. (TIPT) on Wednesday reported first-quarter net income of $28.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 81 cents. Earnings, adjusted for one-time gains and costs, came to 39 cents per share.

The insurance and specialty finance company posted revenue of $294.7 million in the period.

Tiptree shares have climbed 86% since the beginning of the year. The stock has increased 59% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TIPT at https://www.zacks.com/ap/TIPT