secwatch.observer — SEC 8-K summary
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Issuer:     Baldwin Insurance Group, Inc. (BWIN)
CIK:        0001781755
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001781755-24-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781755/000178175524000014/0001781755-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781755/000178175524000014/brp-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001781755-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer