NASDAQ$BWIN

Baldwin Insurance Group Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

BRP Group reported strong revenue growth and strategic expansion in Q4 2020.

BRP Group announced a 91% increase in revenue for Q4 2020, reaching $69.6 million, driven by a 17% organic revenue growth and the expansion of the 'MGA of the Future' platform. The company also acquired three top U.S. brokers, demonstrating its position as a preferred destination for successful independent insurance brokers.

  • Revenue increased 91% year-over-year to $69.6 million.
  • Organic Revenue Growth was 17% year-over-year.
  • “MGA of the Future” revenue grew 73% to $16.4 million.
  • Adjusted EBITDA grew 79% to $10.6 million.

Headline financials

Total Revenue

$69.6M

Previous: $36.6M+90.5%
EPS (adj)

$0.06

Previous: -$0.48+112.5%
Organic Revenue Growth

17.0%

Previous: 12.0%+41.7%
Adjusted EBITDA Margin

15.0%

Previous: 16.0%-6.3%
Capital Expenditures

$1.33M

No prior period
Free Cash Flow

$4.71M

No prior period
Net Income

-$19.1M

Previous: -$26.9M+29.0%
Operating Income

-$13.8M

Previous: -$18.5M+25.8%
Cash & Equivalents

$109M

Previous: $67.7M+60.3%
Total Assets

$1.53B

Previous: $399M+283.7%
Stock-Based Comp

$2.39M

No prior period

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$69.6M

Q4 2020+90.5%vs Q4 2019
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Forward guidance

BRP Group did not provide specific forward guidance in this earnings report.

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 Q4 2020

Historical avgQ4 2020

+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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