secwatch / observer
8-K filed November 7, 2022, 6:59 PM ET ticker BWIN CIK 0001781755
earnings confidence high sentiment positive materiality 0.75

BRP Group Q3 2022 revenue up 91% to $259.4M; organic growth 28%; GAAP loss $0.43/sh

Baldwin Insurance Group, Inc.

2022-Q3 EPS reported $0.11

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Baldwin Insurance Group, Inc. reported the third quarter ended September 30, 2022 results: revenue $259.4 million, net income GAAP net loss of $46.7 million, EPS GAAP loss per fully diluted share of $0.43.

Period
the third quarter ended September 30, 2022
Revenue
$259.4 million
Net income
GAAP net loss of $46.7 million
EPS
GAAP loss per fully diluted share of $0.43
Result
reported results
Exact text from the filing
BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance distribution firm delivering tailored insurance solutions, today announced its results for the third quarter ended September 30, 2022. THIRD QUARTER 2022 HIGHLIGHTS • Revenue increased 91% year-over-year to $259.4 million • Pro Forma Revenue (2) grew 89% year-over-year to $260.1 million • Organic Revenue Growth was 28% year-over-year • “MGA of the Future” organic revenue grew 80% year-over-year • GAAP net loss of $46.7 million and GAAP loss per fully diluted share of $0.43 • Adjusted Net Income (3) of $20.8 million, or $0.18 (3) per fully diluted share • Adjusted EBITDA (4) grew 118% to $41.9 million • Adjusted EBITDA Margin (4) of 16% • Pro Forma Adjusted EBITDA (5) of $41.9 million and Pro Forma Adjusted EBITDA Margin (5) of 16%
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Baldwin Insurance Group, Inc. reported the nine months ended September 30, 2022 results: revenue $734.7 million, net income GAAP net income of $14.7 million, EPS GAAP earnings per fully diluted share of $0.11.

Period
the nine months ended September 30, 2022
Revenue
$734.7 million
Net income
GAAP net income of $14.7 million
EPS
GAAP earnings per fully diluted share of $0.11
Result
reported results
Exact text from the filing
NINE MONTHS 2022 RESULTS • Revenue increased 80% year-over-year to $734.7 million • Pro Forma Revenue grew 72% year-over-year to $768.4 million • Organic Revenue Growth of 22% year-over-year • “MGA of the Future” revenue grew 67% year-over-year • GAAP net income of $14.7 million and GAAP earnings per fully diluted share of $0.11 • Adjusted Net Income of $104.5 million, or $0.90 per fully diluted share • Adjusted EBITDA grew 70% to $157.3 million • Adjusted EBITDA Margin of 21% • Pro Forma Adjusted EBITDA of $163.7 million and Pro Forma Adjusted EBITDA Margin of 21%
View on SEC.gov

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Baldwin Insurance Group, Inc. filing history →

Source: SEC EDGAR
accession 0001781755-22-000031
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