The Baldwin Insurance Group, Inc. Stock Price, News & Analysis

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.

BRP Group, Inc. (NASDAQ: BRP) announced an Investor Day on November 15, 2022, at 9:00 a.m. Eastern Time in New York City. CEO Trevor Baldwin and CFO Brad Hale will highlight the company’s core business drivers, strategic vision, technology initiatives, and capital allocation. The event will also include Q&A sessions. Attendance is limited, with invitations for financial analysts and institutional investors to be sent soon. A live webcast will be accessible via BRP's Investor Relations website, along with replay options.

BRP Group (NASDAQ: BRP) announced it will release its third quarter 2022 financial results on November 7, 2022, after market close. The company will host a conference call at 5:00 PM ET to discuss these results. Interested parties can join the call by dialing (877) 451-6152 for toll-free or (201) 389-0879 for international access. A live webcast will also be available on BRP's investor relations website. BRP Group is an independent insurance distribution firm serving over 1.2 million clients across the U.S. and internationally.

BRP Group, Inc. (NASDAQ: BRP) announced the appointment of Adam Falkauff as President of its Multifamily Group at Millennial Specialty Insurance (MSI) on Sept. 8, 2022. Falkauff brings extensive experience in renters insurance, having previously served at RealPage and Liberty International Underwriters. His role will focus on improving products and technology delivery within the rapidly growing renters insurance division. This strategic move is expected to enhance MSI's growth trajectory and operational efficiency.

On September 8, 2022, BRP Group announced the appointment of Michael Wright as Managing Director of AHT Insurance’s Employee Benefits Group. Wright, with 23 years of experience in employee benefits, will lead the segment to enhance client satisfaction and profitability. His background includes key roles in major national brokers, notably Risk Strategies and Gallagher. As part of AHT Insurance's strategy, Wright aims to leverage his extensive industry relationships to strengthen client bonds and improve service delivery.

BRP Group, Inc. (NASDAQ: BRP) celebrated the grand opening of a new 60,000+ square foot office in Charlotte, NC, operated by its subsidiary Guided Insurance Solutions. This facility will enhance the Charlotte Sales Center's capabilities and serve as a technology hub to improve service offerings. The company has filled 150 new positions and plans to hire several hundred more. Leaders emphasized the strategic choice of Charlotte due to its talent pool in financial services and technology, aiming to elevate BRP’s data capabilities for the future.