NASDAQ$BWIN

Baldwin Insurance Group Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

BRP Group's Q4 2021 revenue increased significantly, driven by partnerships and organic growth.

BRP Group reported a substantial increase in revenue for Q4 2021, growing 129% year-over-year to $159.2 million. This growth was fueled by recent partnerships, the 'MGA of the Future' platform, and strong organic growth across all operating groups. The company closed six partner acquisitions during the quarter.

  • Revenue increased 129% year-over-year to $159.2 million.
  • Organic Revenue Growth was 18% year-over-year.
  • Adjusted Net Income grew 118% to $11.7 million, or $0.10 per fully diluted share.
  • Closed six Partner acquisitions during the fourth quarter.

Headline financials

Total Revenue

$159M

Previous: $69.6M+128.6%
EPS (adj)

$0.10

Previous: $0.06+66.7%
Organic Revenue Growth

18.0%

Previous: 17.0%+5.9%
Adjusted EBITDA Margin

13.0%

Previous: 15.0%-13.3%
Capital Expenditures

$2.13M

Previous: $1.33M+59.9%
Free Cash Flow

$11M

Previous: $4.71M+132.5%
Net Income

-$44.4M

Previous: -$19.1M-132.2%
Operating Income

-$37.9M

Previous: -$13.8M-175.1%
Gross Profit

$37.7M

No prior period
Cash & Equivalents

$138M

Previous: $109M+27.5%
Total Assets

$2.88B

Previous: $1.53B+88.0%
Stock-Based Comp

$7.27M

Previous: $2.39M+204.7%

Revenue & EPS history

Baldwin Insurance · Revenue · Quarterly

$159M

Q4 2021+128.6%vs Q4 2020
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Forward guidance

BRP Group is well-positioned to continue delivering sustainable growth and creating stakeholder value in 2022 and beyond.

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 2021

Historical avgQ4 2021

+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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