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Mar 31, 2021
Baldwin Insurance Q1 2021 Earnings Report
Reported first quarter results with significant revenue growth and strategic acquisitions.
Key Takeaways
BRP Group reported a strong first quarter in 2021, marked by substantial revenue growth, driven by organic expansion and strategic acquisitions. Total revenue nearly tripled year-over-year, and the company saw excellent performance from recent acquisitions and rapid expansion of its 'MGA of the Future' platform.
Revenue increased 182% year-over-year to $152.8 million.
Organic Revenue Growth was 14% year-over-year.
GAAP net income was $30.6 million, with diluted earnings per share of $0.32.
Adjusted EBITDA grew 276% to $52.7 million.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
Company didn't provide specific forward guidance in the text.