---
schema_version: "secwatch.filing_event.v1"
accession: "0001781755-24-000014"
form_type: "8-K"
ticker: "BWIN"
cik: "0001781755"
company_name: "Baldwin Insurance Group, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:12:02.284951+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BRP Group Q4 revenue up 16% to $284.6M; GAAP net loss $62.5M, adjusted EPS $0.14

## Summary
- Full-year 2023 total revenues $1.2B (+24% YoY); organic revenue growth 19%.
- Q4 GAAP net loss $62.5M ($0.56 loss per share); Adjusted Net Income $16.2M ($0.14 per share).
- Q4 Adjusted EBITDA $45.6M (+16% YoY); margin 16%; full-year Adjusted EBITDA $250.2M (21% margin).
- Cash and equivalents $116.2M; $259.0M borrowing capacity on revolver as of Dec 31, 2023.
- CEO cites expense rationalization progress; expects double-digit organic growth and margin expansion in 2024.

## SEC filing metadata
- accession: 0001781755-24-000014
- form_type: 8-K
- ticker: BWIN
- cik: 0001781755
- company_name: Baldwin Insurance Group, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781755/000178175524000014/0001781755-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781755/000178175524000014/brp-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781755-24-000014
- JSON: https://secwatch.observer/filing/0001781755-24-000014.json
- Plain text: https://secwatch.observer/filing/0001781755-24-000014.txt

## Key facts
- Earnings Releases
  Baldwin Insurance Group, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue Total revenues increased 16% year-over-year to $284.6 million (Q4); Full Year 2023 Total Revenues Grew 24% Year-Over-Yea, net income GAAP net loss of $62.5 million (Q4); GAAP net loss of $164.0 million (Full Year), EPS GAAP diluted loss per share of $0.56 (Q4); GAAP diluted loss per share of $1.50 (Full Year).
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: Total revenues increased 16% year-over-year to $284.6 million (Q4); Full Year 2023 Total Revenues Grew 24% Year-Over-Yea
  - Net income: GAAP net loss of $62.5 million (Q4); GAAP net loss of $164.0 million (Full Year)
  - EPS: GAAP diluted loss per share of $0.56 (Q4); GAAP diluted loss per share of $1.50 (Full Year)
  - Result: reported results
  source text: On February 28, 2024, BRP Group, Inc. issued a press release announcing its financial results for the quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781755/000178175524000014/0001781755-24-000014-index.htm

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