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Dec 31, 2022
Baldwin Insurance Q4 2022 Earnings Report
Announced fourth quarter and full year 2022 results, with revenue growing and double-digit organic growth achieved.
Key Takeaways
BRP Group reported a 55% year-over-year increase in revenue for the fourth quarter of 2022, reaching $246.0 million. Organic revenue growth was 26% year-over-year. The company's adjusted EBITDA grew 94% to $39.2 million, with an adjusted EBITDA margin of 16%. However, the company experienced a GAAP net loss of $91.5 million, or $0.84 per share.
Revenue increased 55% year-over-year to $246.0 million.
Organic Revenue Growth was 26% year-over-year.
GAAP net loss of $91.5 million and GAAP loss per share of $0.84.
Adjusted EBITDA grew 94% to $39.2 million with Adjusted EBITDA Margin of 16%.