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Mar 31, 2023
Baldwin Insurance Q1 2023 Earnings Report
BRP Group reported Q1 2023 results, with revenue increasing and organic revenue growth driven by double-digit growth across all segments.
Key Takeaways
BRP Group's Q1 2023 revenue increased by 36% year-over-year to $330.4 million, with organic revenue growth of 23%. The company reported a GAAP net loss of $25.9 million, but adjusted net income was $49.2 million, or $0.42 per fully diluted share. Adjusted EBITDA grew 8% to $79.0 million.
Revenue increased 36% year-over-year to $330.4 million.
Organic Revenue Growth was 23% year-over-year.
GAAP net loss was $25.9 million, with a loss per share of $0.24.
Adjusted EBITDA grew 8% to $79.0 million with a margin of 24%.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
No specific forward guidance was provided in the document.