| Market Capitalization (Millions $) |
1,171 |
| Shares
Outstanding (Millions) |
61 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
1,195 |
| Net Income (TTM) (Millions $) |
-193 |
| Cash Flow (TTM) (Millions $) |
-56 |
| Capital Exp. (TTM) (Millions $) |
21 |
Brp Group Inc
BRP Group, Inc. is a publicly traded insurance brokerage and advisory firm headquartered in Tampa, Florida. The company was founded in 2011, and it provides insurance solutions to businesses and individuals across the United States. BRP is an acronym for Baldwin Risk Partners, the name of the company's predecessor. The company was founded by insurance industry veteran Lowry Baldwin.
BRP Group is organized into four operating segments: middle-market commercial, employee benefits, private client, and program. Each segment operates as a distinct business unit under the BRP Group umbrella. The middle-market commercial segment focuses on serving middle-market businesses across a variety of industries, including construction, healthcare, hospitality, and manufacturing. The employee benefits segment provides consulting services and insurance products related to health, dental, and vision coverage, as well as retirement plans. The private client segment serves high net worth individuals and families with customized insurance solutions. The program segment provides underwriting and distribution services for specialty insurance products.
The company's strategy is focused on growth through organic initiatives and acquisitions. BRP has made several strategic acquisitions in recent years, including the 2019 acquisition of the Registered Investment Advisor assets of Adams Keegan, a Tennessee-based professional employer organization. The acquisition expanded BRP's employee benefits business and added a new line of business to the company's portfolio.
BRP Group has a strong corporate culture centered around its core values of integrity, passion, and empathy. The company places a strong emphasis on employee engagement, offering competitive compensation packages, and opportunities for professional development. The company's commitment to employee satisfaction has earned it recognition as one of the Best Places to Work by several publications, including the Tampa Bay Business Journal and Best Companies Group.
In conclusion, BRP Group, Inc. is a leading insurance brokerage and advisory firm that operates across multiple business segments. The company's strategy is focused on growth through both organic initiatives and strategic acquisitions. BRP is committed to its core values and fostering strong employee engagement, which has contributed to its success in the highly competitive insurance industry.
Company Address: 4211 W. Boy Scout Blvd. Tampa 33607 FL
Company Phone Number: 279-0698 Stock Exchange / Ticker: NASDAQ BRP
| BRP is expected to report next financial results on February 27, 2024. |
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