Jun 30, 2021

Baldwin Insurance Q2 2021 Earnings Report

Revenue more than doubled and organic growth was the best as a public company.

Key Takeaways

BRP Group, Inc. reported a significant increase in revenue for the second quarter of 2021, with a 133% year-over-year growth to $119.7 million. The company also experienced strong organic revenue growth of 32%.

Revenue increased 133% year-over-year to $119.7 million.

Organic Revenue Growth was 32% year-over-year.

GAAP net loss of $20.1 million and GAAP loss per share attributable to BRP Group of $0.22.

Adjusted EBITDA grew 143% to $20.4 million, compared to $8.4 million in the prior-year period.

Total Revenue
$120M
Previous year: $51.3M
+133.3%
EPS
$0.14
Previous year: $0.1
+40.0%
Organic Revenue Growth
32%
Previous year: 19%
+68.4%
Adjusted EBITDA Margin
17%
Cash and Equivalents
$224M
Previous year: $194M
+15.5%
Free Cash Flow
$45.4M
Previous year: $36.6M
+23.9%
Total Assets
$1.74B
Previous year: $870M
+99.7%

Baldwin Insurance

Baldwin Insurance