---
schema_version: "secwatch.filing_event.v1"
accession: "0001781755-23-000012"
form_type: "8-K"
ticker: "BWIN"
cik: "0001781755"
company_name: "Baldwin Insurance Group, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:43:51.773434+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BRP Group Q1 revenue $330.4M (+36% YoY); organic growth 23%

## Summary
- GAAP net loss $25.9M ($0.24 diluted loss); Adjusted Net Income $49.2M ($0.42 per share).
- Revenue grew 36% to $330.4M; organic revenue growth 23% YoY, highest Q1 organic rate to date.
- Adjusted EBITDA $79.0M with 24% margin; CEO cites moderating headcount growth and momentum.
- Cash and equivalents $81.3M; $115.0M borrowing capacity under revolver as of March 31.
- All segments posted double-digit organic growth; comps were 16% in prior-year Q1.

## SEC filing metadata
- accession: 0001781755-23-000012
- form_type: 8-K
- ticker: BWIN
- cik: 0001781755
- company_name: Baldwin Insurance Group, Inc.
- filed_at: 2023-05-09T23:59:59+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/1781755/000178175523000012/0001781755-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781755/000178175523000012/brp-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781755-23-000012
- JSON: https://secwatch.observer/filing/0001781755-23-000012.json
- Plain text: https://secwatch.observer/filing/0001781755-23-000012.txt

## Key facts
- Earnings Releases
  Baldwin Insurance Group, Inc. reported the quarter ended March 31, 2023 results: revenue $330.4 million, net income net loss of $25.9 million, EPS diluted loss per share of $0.24.
  - Period: the quarter ended March 31, 2023
  - Revenue: $330.4 million
  - Net income: net loss of $25.9 million
  - EPS: diluted loss per share of $0.24
  - Result: reported results
  source text: by specific reference in such filing. --- EX-99.1 (EX-99.1) --- BRP GROUP, INC. ANNOUNCES FIRST QUARTER 2023 RESULTS - First Quarter 2023 Revenue Grew 36% Year-Over-Year to $330.4 Million - - First Quarter 2023 Organic Revenue Growth (1) of 23% - TAMPA, FLORIDA - May 9, 2023 - BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent insurance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781755/000178175523000012/0001781755-23-000012-index.htm

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