Brp Group Inc Class A ( (BWIN) ) has released its Q4 earnings. Here is a breakdown of the information Brp Group Inc Class A presented to its investors.
The Baldwin Group, operating under the brand name The Baldwin Insurance Group, Inc., is an independent insurance distribution firm that provides tailored insurance solutions to both personal and commercial clients across the United States and internationally.
In its latest earnings report, The Baldwin Group announced a significant increase in revenue for both the fourth quarter and the full year of 2024. The company reported a 16% year-over-year increase in total revenue for the fourth quarter and a 14% increase for the full year. Despite these gains, the company also reported a net loss for the quarter and the year.
Key financial highlights include a 19% organic revenue growth for the fourth quarter and 17% for the full year. The company also achieved a 38% increase in adjusted EBITDA for the quarter and a 25% increase for the year, with adjusted EBITDA margins expanding by 310 basis points to 19% for the quarter and 200 basis points to 22.5% for the year. Adjusted diluted EPS saw a remarkable 93% growth for the quarter, reaching $0.27.
Looking forward, The Baldwin Group’s management remains optimistic about the company’s financial performance. They anticipate significant growth in free cash flow generation and increased flexibility in capital allocation, which is expected to support continued financial strength and strategic investments in innovative technology platforms.