BRP Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 28, 2024 at 04:05 pm EST
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BRP Group, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 284.65 million compared to USD 246.04 million a year ago. Net loss was USD 34.48 million compared to USD 48.49 million a year ago.
Basic loss per share from continuing operations was USD 0.56 compared to USD 0.84 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to USD 0.84 a year ago.
Baldwin Insurance Group Inc., formerly BRP Group, Inc., is an independent insurance distribution company. It is divided in three operating groups: Insurance Advisory Solutions (IAS), Underwriting, Capacity & Technology Solutions (UCTS), and Mainstreet Insurance Solutions (MIS). IAS provides commercial risk management, employee benefits solutions and private risk management for businesses and high-net-worth individuals, as well as their families. UCTS consists of three businesses: specialty wholesale broker businesses and niche industry businesses; MGA of the Future platform, and reinsurance brokerage business, Juniper Re. MIS offers personal insurance, commercial insurance, and life and health solutions to individuals and businesses in their communities, with a focus on accessing clients via sheltered distribution channels, which include new home builders, mortgage originators/lenders, master planned communities and other community centers of influence.