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Sep 30, 2022
Baldwin Insurance Q3 2022 Earnings Report
Reported a revenue increase of 91% year-over-year, with organic revenue growth of 28%.
Key Takeaways
BRP Group, Inc. announced strong third-quarter results with a 91% increase in revenue to $259.4 million and organic revenue growth of 28%. The company's adjusted EBITDA grew by 118% to $41.9 million, and adjusted net income significantly increased, highlighting the resilience of their business model.
Revenue increased 91% year-over-year to $259.4 million.
Organic Revenue Growth was 28% year-over-year.
Adjusted EBITDA grew 118% to $41.9 million.
GAAP net loss of $46.7 million and GAAP loss per fully diluted share of $0.43.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
This press release contains various forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events.