Loading...
•
Mar 31, 2022
Baldwin Insurance Q1 2022 Earnings Report
Reported a strong start to 2022 with revenue growth and double-digit organic growth across all segments.
Key Takeaways
BRP Group, Inc. announced strong Q1 2022 results, with a 59% year-over-year increase in revenue to $242.8 million and a 16% organic revenue growth. The company's 'MGA of the Future' platform also saw significant growth, and the acquisition of Westwood Insurance Agency post-quarter end is expected to accelerate growth initiatives.
Revenue increased 59% year-over-year to $242.8 million.
Organic Revenue Growth was 16% year-over-year.
“MGA of the Future” organic revenue grew 42% year-over-year to $24.4 million.
GAAP net income of $44.8 million and GAAP earnings per fully diluted share of $0.39.
Forward Guidance
BRP Group sees their business performance accelerating into Q2 and remains well positioned to further deliver sustainable growth, increased profitability, and stakeholder value.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...