Telos Asset Management LLC Announces Certain Classes of Telos CLO 2006-1 Have Received Ratings Upgrades From Standard & Poor's

Telos Asset Management LLC Announces Certain Classes of Telos CLO 2006-1 Have
               Received Ratings Upgrades From Standard & Poor's

PR Newswire

NEW YORK, Jan. 13, 2014

NEW YORK, Jan. 13, 2014 /PRNewswire/ -- Telos Asset Management LLC ("Telos"),
a subsidiary of Tiptree Financial Inc. ("Tiptree"; NASDAQ: "TIPT"), announced
that Telos CLO 2006-1, Ltd. ("Telos 1"), a collateralized loan obligation
vehicle ("CLO") for which it acts as collateral servicer, has recently
received ratings upgrades from Standard & Poor's on certain classes of its
notes. In December 2013, Standard & Poor's had announced that it had raised
the ratings on the Class A-2, B, C, D and E notes from Telos 1 and removed
them from CreditWatch with positive implications as follows:

Telos CLO 2006-1 Ltd.

Class To   From
A-2   AAA  AA+ / Watch Pos
B     AA+  A+ / Watch Pos
C     AA-  A- / Watch Pos
D     BBB+ BBB- / Watch Pos
E     BB   BB- / Watch Pos

The rating agency had also affirmed its 'AAA' rating on the Class A-1D, A-1R
and A-1T notes from Telos 1. Standard & Poor's rationale for the stated
upgrades included the continued pay downs to the Class A-1D, A-1R and A-1T
notes as well as improvements in overcollateralization and portfolio quality.

About Telos Asset Management LLC
Telos is an asset management company focused on investing in corporate credit
either through managed accounts or structured investment vehicles such as
CLOs. As of September 30, 2013, Telos has approximately $1.5 billion of
assets under management, which consists of four matched funded CLOs and a CLO

About Tiptree Financial Inc.
Tiptree is a diversified holding company which conducts its operations through
its operating subsidiary, Tiptree Operating Company, LLC. Tiptree operates in
four segments: insurance and insurance services, specialty finance (including
corporate, consumer and tax-exempt credit), asset management and real estate.

Cautionary Statement Regarding Forward-Looking Statements
This release contains "forward-looking statements" which involve risks,
uncertainties and contingencies, many of which are beyond Tiptree's control,
which may cause actual results, performance, or achievements to differ
materially from anticipated results, performance, or achievements. All
statements contained in this release that are not clearly historical in nature
are forward-looking, and the words "anticipate," "believe," "estimate,"
"expect," "plan," "target," and similar expressions are generally intended to
identify forward-looking statements. Such forward-looking statements include,
but are not limited to, statements about Tiptree's plans, objectives,
expectations and intentions. There are various factors that could cause actual
results to differ materially from those in any such forward-looking
statements, many of which are beyond Tiptree's control, including economic,
business, funding market, competitive and/or regulatory factors. Factors such
as these are set forth under the captions "Forward-Looking Statements" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" (or similar captions) in Tiptree's most recent Annual Report on
Form 10-K and its quarterly reports on Form 10-Q, and as described in
Tiptree's other filings with the Securities and Exchange Commission ("SEC").
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as to the date of this release. We cannot
guarantee the accuracy of any such forward-looking statements contained in
this release, and Tiptree is under no obligation to (and expressly disclaims
any such obligation to) update or alter its forward-looking statements,
whether as a result of new information, future events or otherwise.

SOURCE Tiptree Financial Inc.; Telos Asset Management LLC

Contact: TELOS ASSET MANAGEMENT LLC, John J. McCormick III, President & Chief
Investment Officer, Phone: Tel: 212.758.8878, Email:
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