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Jun 30, 2022
Baldwin Insurance Q2 2022 Earnings Report
Revenue and adjusted net income nearly doubled, with industry-leading organic growth delivered.
Key Takeaways
BRP Group, Inc. reported strong second-quarter results with a 94% increase in revenue to $232.5 million. The company's organic revenue growth was 24%, and GAAP net income reached $16.6 million, or $0.14 per fully diluted share. Adjusted EBITDA grew 112% to $42.5 million.
Revenue increased 94% year-over-year to $232.5 million.
Organic Revenue Growth was 24% year-over-year.
GAAP net income of $16.6 million and GAAP earnings per fully diluted share of $0.14.
Adjusted EBITDA grew 112% to $42.5 million.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
The company remains confident that the business is well-positioned for continued outperformance in the back half of the year.