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Sep 30, 2020
Baldwin Insurance Q3 2020 Earnings Report
Reported a 72% year-over-year increase in revenue, reaching $65.8 million, and a 20% organic revenue growth.
Key Takeaways
BRP Group reported strong Q3 2020 results, marked by a 72% increase in revenue to $65.8 million and a 20% organic revenue growth. The company's 'MGA of the Future' platform achieved a milestone of over 500,000 policies.
Revenue increased 72% year-over-year to $65.8 million.
Organic Revenue Growth was 20% year-over-year.
GAAP net loss was $7.6 million, with a GAAP loss per share of $0.10.
Adjusted Net Income was $9.0 million, or $0.11 per fully diluted share.