---
schema_version: "secwatch.filing_event.v1"
accession: "0001781755-22-000031"
form_type: "8-K"
ticker: "BWIN"
cik: "0001781755"
company_name: "Baldwin Insurance Group, Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:42:23.890468+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- GAAP net loss of $46.7M ($0.43 loss per diluted share).
- Adjusted net income of $20.8M ($0.18 per share); Adjusted EBITDA grew 118% to $41.9M (16% margin).
- Organic revenue growth of 28% YoY; 'MGA of the Future' organic revenue up 80%.
- Nine-month 2022 revenue $734.7M (+80% YoY); organic growth 22%; GAAP net income $14.7M.
- Cash $158.6M; long-term debt $1.37B; $73M available under revolving credit facility.

## SEC filing metadata
- accession: 0001781755-22-000031
- form_type: 8-K
- ticker: BWIN
- cik: 0001781755
- company_name: Baldwin Insurance Group, Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781755/000178175522000031/0001781755-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781755/000178175522000031/brp-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781755-22-000031
- JSON: https://secwatch.observer/filing/0001781755-22-000031.json
- Plain text: https://secwatch.observer/filing/0001781755-22-000031.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781755/000178175522000031/0001781755-22-000031-index.htm
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781755/000178175522000031/0001781755-22-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.