Sep 30, 2021

Baldwin Insurance Q3 2021 Earnings Report

Revenue doubled and industry-leading organic growth was generated.

Key Takeaways

BRP Group, Inc. reported a strong third quarter with revenue increasing by 106% year-over-year to $135.6 million and organic revenue growth of 26%. The company closed five Partner acquisitions during the quarter and continued to see rapid growth in its 'MGA of the Future' platform.

Revenue increased 106% year-over-year to $135.6 million.

Organic Revenue Growth was 26% year-over-year.

"MGA of the Future" revenue grew 48% year-over-year to $25.9 million.

Adjusted EBITDA grew 79% to $19.6 million.

Total Revenue
$136M
Previous year: $65.8M
+105.9%
EPS
$0.11
Previous year: $0.11
+0.0%
Organic Revenue Growth
26%
Previous year: 20%
+30.0%
Adjusted EBITDA Margin
14%
Cash and Equivalents
$374M
Previous year: $50.2M
+645.6%
Free Cash Flow
-$23.8M
Previous year: -$14.4M
+65.5%
Total Assets
$2.23B
Previous year: $723M
+209.0%

Baldwin Insurance

Baldwin Insurance

Forward Guidance

Not mentioned in this earnings report.