---
schema_version: "secwatch.filing_event.v1"
accession: "0001781755-23-000040"
form_type: "8-K"
ticker: "BWIN"
cik: "0001781755"
company_name: "Baldwin Insurance Group, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:47:18.518332+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BRP Group Q3 revenue up 18% to $306.3M, adjusted EBITDA up 53% to $64M

## Summary
- Revenue $306.3M (+18% YoY); organic revenue growth 19%.
- GAAP net loss $32.0M ($0.29 diluted loss per share); Adjusted Net Income $33.8M ($0.29 adjusted diluted EPS).
- Adjusted EBITDA $64.0M (+53% YoY); margin 21%, up 480 bps from 16%.
- Cash from operations grew $39M YoY despite $36M higher interest; leverage at 4.8x.
- Nine-month revenue $933.9M (+27% YoY); adjusted EBITDA $204.6M (+30%).

## SEC filing metadata
- accession: 0001781755-23-000040
- form_type: 8-K
- ticker: BWIN
- cik: 0001781755
- company_name: Baldwin Insurance Group, Inc.
- filed_at: 2023-11-07T23:59:59+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/1781755/000178175523000040/0001781755-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781755/000178175523000040/brp-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781755-23-000040
- JSON: https://secwatch.observer/filing/0001781755-23-000040.json
- Plain text: https://secwatch.observer/filing/0001781755-23-000040.txt

## Key facts
- Earnings Releases
  Baldwin Insurance Group, Inc. reported the third quarter ended September 30, 2023 results: revenue $306.3 million, net income GAAP net loss of $32.0 million, EPS GAAP diluted loss per share of $0.29.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $306.3 million
  - Net income: GAAP net loss of $32.0 million
  - EPS: GAAP diluted loss per share of $0.29
  - Result: reported results
  source text: by specific reference in such filing. --- EX-99.1 (EX-99.1) --- BRP GROUP, INC. ANNOUNCES THIRD QUARTER 2023 RESULTS - Third Quarter 2023 Revenue Grew 18% Year-Over-Year to $306.3 Million - - Third Quarter 2023 Organic Revenue Growth (1) of 19% - TAMPA, FLORIDA - November 7, 2023 - BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), an independent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781755/000178175523000040/0001781755-23-000040-index.htm

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