The Baldwin Insurance Group, Inc. - BRP STOCK NEWS

Total Expert, a CRM and customer engagement platform, is enhancing marketing processes for insurance agencies and brokerages. By leveraging real-time consumer behavior data, insurers can automate outbound marketing and personalize client communication. The platform has already proven effective, with Guided Insurance Solutions, a subsidiary of Baldwin Risk Partners Group (NASDAQ: BRP), identifying significant new leads shortly after deployment. As Total Expert expands into insurance, they have appointed Ilya Filipov as general manager to lead this growth. The platform aims to address common struggles faced by financial institutions, enhancing customer engagement.

BRP Group, Inc. (NASDAQ: BRP), an independent insurance distribution firm, will release its first-quarter 2023 financial results on May 9, 2023, after market close. A conference call to discuss these results is scheduled for 5:00 PM ET, with dial-in options available for both toll-free and international participants. Interested parties can also access a live webcast via the company's investor relations website. BRP Group provides tailored insurance solutions and risk management insights to over 1.2 million clients across the U.S. and internationally, emphasizing a holistic approach to client needs.

BRP Group, Inc. (NASDAQ: BRP) reported robust financial results for Q4 and full year 2022. Q4 revenue surged 55% YoY to $246 million, with organic growth of 26%. Full year revenue increased 73% YoY to $980.7 million, while organic growth stood at 23%. Despite these gains, the company recorded a GAAP net loss of $91.5 million for Q4 and $76.7 million for the year. Adjusted net income for Q4 was $14.4 million, reflecting an adjusted EBITDA of $39.2 million, a 94% increase. As of December 31, 2022, BRP had $118 million in cash and $1.3 billion in outstanding debt, with $95 million available for borrowing.

BRP Group, Inc. (NASDAQ: BRP) announced that Brad Hale, CFO, and Kris Wiebeck, Chief Strategy Officer, will attend the Raymond James Institutional Investors Conference on March 7, 2023, at 3:25 PM Eastern Time. Investors can access a live webcast of the event through the investor relations section of the Company’s website, which will also host a replay after the conference. As an independent insurance distribution firm, BRP Group provides tailored insurance solutions and risk management insights to over 1.2 million clients across the U.S. and internationally.

Guided Insurance Solutions, an indirect subsidiary of BRP Group (NASDAQ: BRP), announces a collaboration with Total Expert to implement a customer engagement platform. This partnership aims to enhance marketing strategies and strengthen sales relationships with clients. Guided Insurance specializes in providing comprehensive insurance solutions including property, vehicle, small business, and life insurance. By leveraging Total Expert's platform, Guided hopes to improve efficiency in managing customer data, generate new leads, and support customer retention efforts.

Millennial Specialty Insurance, LLC (MSI), a subsidiary of BRP Group, has selected Milliman Bungalow as its flood insurance rating platform. This insurtech solution aims to bridge the flood insurance protection gap in the U.S., providing a comprehensive product lifecycle approach from design to regulatory compliance. Bungalow is already filed in 40 states with customizable tools and a production-ready rating engine. MSI aims to enhance its private flood suite of products, addressing the complexities of flood underwriting while managing risk and profitability.

BRP Group, Inc. (NASDAQ: BRP) has announced that it will report its fourth quarter 2022 financial results on February 28, 2023, after market close. A conference call to discuss these results will take place at 4:30 PM ET, with dial-in options available for both toll-free and international callers. A live webcast of the call can be accessed via BRP’s investor relations website, where a replay will be available for one year following the call. BRP Group specializes in delivering tailored insurance solutions, serving over 1,200,000 Clients across the United States and internationally.

BRP Group reported impressive financial results for Q3 2022, with a 91% year-over-year revenue increase to $259.4 million. Organic revenue grew by 28%, while 'MGA of the Future' revenue surged 80%. Despite a GAAP net loss of $46.7 million, adjusted net income reached $20.8 million, translating to $0.18 per share. Adjusted EBITDA grew 118% to $41.9 million, showcasing the company's resilience in a challenging economic climate. Liquidity remains strong with $158.6 million in cash and a credit facility availability of $73.0 million.

BRP Group announced the addition of Sarah Shepard McGuinness as a Partner at its subsidiary, Construction Risk Partners (CRP), on October 6, 2022. McGuinness will lead CRP's new Real Estate Practice, enhancing the firm's risk advisory and brokerage services for the real estate sector. She has a robust background in risk management consulting for property owners and developers, having overseen insurance for over $9B in construction loans. This strategic hire aims to retain construction clients beyond project completion, broadening CRP's capabilities.