NASDAQ$BWIN

Baldwin Insurance Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a strong start to 2022 with revenue growth and double-digit organic growth across all segments.

BRP Group, Inc. announced strong Q1 2022 results, with a 59% year-over-year increase in revenue to $242.8 million and a 16% organic revenue growth. The company's 'MGA of the Future' platform also saw significant growth, and the acquisition of Westwood Insurance Agency post-quarter end is expected to accelerate growth initiatives.

  • Revenue increased 59% year-over-year to $242.8 million.
  • Organic Revenue Growth was 16% year-over-year.
  • “MGA of the Future” organic revenue grew 42% year-over-year to $24.4 million.
  • GAAP net income of $44.8 million and GAAP earnings per fully diluted share of $0.39.

Headline financials

Total Revenue

$243M

Previous: $153M+58.9%
EPS (adj)

$0.50

Previous: $0.44+13.6%
Organic Revenue Growth

16.0%

Previous: 14.0%+14.3%
Adjusted EBITDA

$72.9M

No prior period
Adjusted EBITDA Margin

30.0%

Previous: 35.0%-14.3%
Capital Expenditures

-$1.79M

Previous: -$1M-79.3%
Free Cash Flow

$21.1M

Previous: $13.6M+54.8%
Net Income

$22.9M

Previous: $14.6M+56.5%
Operating Income

$39.7M

Previous: $36.3M+9.6%
Gross Profit

$206M

Previous: $135M+52.6%
Cash & Equivalents

$157M

Previous: $90.5M+73.2%
Total Assets

$2.94B

Previous: $1.58B+86.6%
Stock-Based Comp

$7.56M

Previous: $3.54M+113.6%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$243M

Q1 2022+58.9%vs Q1 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Forward guidance

BRP Group sees their business performance accelerating into Q2 and remains well positioned to further deliver sustainable growth, increased profitability, and stakeholder value.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+6.0%

Avg return

30 days after

57%

16 / 28 earnings

Positive

+25.6%

Q4 2025

Best reaction

-25.4%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-8.4%-14.8%
Q4 2025+25.6%+19.3%+14.1%
Q3 2025+10.0%+15.1%+8.9%
Q3 2026+2.8%+19.9%+15.6%
Q2 2025-16.7%-13.4%-12.6%
Q1 2025-4.3%-3.8%-5.6%
Q4 2024+1.8%-1.7%+13.2%
Q3 2024-10.3%+1.7%+8.5%
Q2 2024+3.3%+1.8%+13.0%
Q1 2024+11.8%+6.7%+20.6%
Q4 2023+2.7%+9.8%+6.8%
Q3 2023-11.9%-9.8%-12.0%
Q2 2023-3.6%+0.4%+7.9%
Q1 2023-4.4%-4.8%-5.0%
Q4 2022-3.0%-4.9%-12.1%
Q3 2022+1.7%+6.5%-0.3%
Q2 2022+3.7%+7.7%+10.1%
Q1 2022-25.4%-2.6%+7.3%
Q4 2021-2.2%-4.4%-3.4%
Q3 2021+2.0%+7.0%-0.3%
Q2 2021+17.9%+26.8%+38.1%
Q1 2021-5.9%-6.6%+4.9%
Q4 2020+1.5%+0.1%+6.9%
Q3 2020+5.4%+5.2%-5.8%
Q2 2020+7.6%+4.9%+31.2%
Q1 2020+2.0%+16.5%+47.9%
Q4 2019+11.5%+8.8%-8.1%
Q3 2019-7.1%-14.2%-6.8%
Q2 2019
Q4 2018
Q3 2018

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