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The Baldwin Insurance Group, Inc. (BRP) provides strategic insurance solutions through its network of specialized companies. This news hub delivers official updates and market insights for stakeholders tracking BRP's industry leadership in risk management and insurance distribution.
Access timely reports on corporate milestones including earnings announcements, strategic acquisitions, and technology partnerships that shape BRP's growth trajectory. Our curated collection features press releases spanning Medicare program developments, reinsurance innovations, and operational expansions across BRP's portfolio companies.
Monitor critical updates on capital allocation strategies, leadership appointments, and data-driven risk assessment initiatives that underscore BRP's market position. This resource serves investors and industry professionals seeking comprehensive coverage of BRP's insurance distribution ecosystem.
Bookmark this page for continuous access to verified information about BRP's market activities. Check regularly for updates reflecting the company's commitment to advancing insurance solutions through strategic investments and technological integration.
BRP Group, Inc. (NASDAQ: BRP) announced it will release its first quarter 2021 financial results after market close on May 10, 2021. A conference call to discuss these results is scheduled for 5:00 PM ET on the same day, with dial-in options available. The company emphasizes its commitment to delivering tailored insurance and risk management solutions for over 600,000 clients globally. A live webcast of the call can be accessed via BRP's investor relations website, with a replay available for one year following the event.
BRP Group, Inc. (NASDAQ: BRP) announced the acquisition of Tim Altman, Inc. (Only Medicare Solutions), enhancing its Medicare service capabilities. The agreement, set to close on April 1, 2021, adds an agency with approximately $1.0 million in annual revenues and a footprint in the Pacific Northwest and Southern California.
Guided Medicare Solutions, a subsidiary of BRP, aims to strengthen its brand through this acquisition and explore new growth opportunities.
BRP Group, Inc. (NASDAQ: BRP) announces executive promotions effective April 1, 2021. Kris Wiebeck moves to Chief Strategy Officer, shifting focus on strategic initiatives after significant growth since 2015. Brad Hale is promoted to Chief Financial Officer, credited with advancing finance and accounting since joining in 2019. Corbyn Galloway ascends to Chief Accounting Officer, recognized for her contributions to the accounting team. These changes aim to bolster the company's strategic direction and financial operations.
BRP Group reported remarkable growth for Q4 2020, with revenue increasing by 91% year-over-year to $69.6 million. Full-year revenue grew 75% to $240.9 million. Pro forma revenue for Q4 soared 158% to $94.4 million, while organic revenue grew 17%. The 'MGA of the Future' segment contributed $16.4 million, a 73% increase. Despite a GAAP net loss of $19.1 million, adjusted net income was $4.9 million. Liquidity remains strong with $108.5 million in cash. The company emphasizes its robust growth strategy and acquisition efforts in a challenging market.
BRP Group (NASDAQ: BRP) appoints David Smith as President & Executive Operating Officer of Guided Solutions from March 22, 2021. Smith, with over 30 years in financial services, will enhance operations for the company's MainStreet and Medicare sectors. His leadership is expected to align processes and boost sheltered distribution strategies. BRP Group aims to transform Guided Solutions into a leading resource for personal and small business insurance.
BRP Group (NASDAQ: BRP) announced that CEO Trevor Baldwin and CFO Kris Wiebeck will participate in a virtual fireside chat at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 4:40 PM ET. Investors can access the live webcast via the investor relations section of the company’s website. A replay will be available after the event. BRP Group is a rapidly growing independent insurance distribution firm known for tailored insurance solutions, representing over 500,000 clients in the U.S. and internationally.
BRP Group, Inc. (NASDAQ: BRP) announced its agreement to acquire the assets of Riley Financial, Inc. (Medicare Help Now), which generated annual revenues of approximately $1.5 million. This acquisition aims to enhance BRP's Medicare presence in the Pacific Northwest and is expected to close on March 1, 2021. The rebranding of Medicare Help Now under Guided Medicare Solutions will occur during a transition period. Company officials express optimism that this partnership will lead to growth opportunities and improved client services, benefiting both firms.
BRP Group, Inc. (NASDAQ: BRP) announced it will report its fourth quarter 2020 financial results on March 11, 2021, after market close. A conference call to discuss these results is scheduled for 5:00 PM ET the same day. Participants can join via toll-free number (877) 451-6152 or international line (201) 389-0879, with a request to connect 10 minutes prior to the start time. The call will also be available as a live webcast on BRP’s investor relations site. A replay of the call will be accessible for one year following the event.
BRP Group (NASDAQ: BRP) will participate in a fireside chat at the ICR Conference 2021, featuring CEO Trevor Baldwin and CFO Kris Wiebeck, on January 11, 2021, at 8:30 AM ET. The event will be accessible via a live webcast on the investor relations section of their website. A replay will be available afterward. BRP Group specializes in delivering customized insurance solutions and risk management services, representing over 500,000 clients globally. For more information, visit baldwinriskpartners.com.
BRP Group, Inc. (NASDAQ: BRP) has announced the issuance of restricted shares of Class A Common Stock as part of a strategic acquisition incentive program. The grants were awarded to new employees from partnerships with Armfield, Harrison & Thomas, Burnham Benefits Insurance Services, and Tanner, Ballew & Maloof. The total number of grantees is 365, with an aggregate of 571,260 shares. These shares are designed to motivate key personnel, with upfront cash payments to partners being adjusted to reflect the value of these grants.
