Baldwin Insurance Q3 2023 Earnings Report
Key Takeaways
BRP Group reported an 18% increase in revenue to $306.3 million for Q3 2023, with organic revenue growth of 19%. The company's adjusted EBITDA grew by 53% year-over-year to $64.0 million, and the adjusted EBITDA margin increased to 21%. GAAP net loss was $32.0 million, or $0.29 per share, while adjusted net income was $33.8 million, or $0.29 per share.
Revenue increased 18% year-over-year to $306.3 million.
Organic Revenue Growth was 19% year-over-year.
Adjusted EBITDA grew 53% year-over-year to $64.0 million.
Adjusted Net Income of $33.8 million, or $0.29 per fully diluted share.
Baldwin Insurance
Baldwin Insurance
Forward Guidance
The company remains well positioned heading into 2024 and beyond to continue generating sustainable double-digit top line organic growth, durable and consistent margin accretion and creating long-term value for our shareholders.