BRP Group Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
BWIN$32.15+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except share and per share data) | 2023 | 2022 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $116,209 | $118,090 |
| Restricted cash | 104,824 | 112,381 |
| Premiums, commissions and fees receivable, net | 627,791 | 531,992 |
| Prepaid expenses and other current assets | 12,730 | 9,936 |
| Assets held for sale | 64,351 | — |
| Total current assets | 925,905 | 772,399 |
| Property and equipment, net | 22,713 | 25,405 |
| Right-of-use assets | 85,473 | 96,465 |
| Other assets | 38,134 | 45,935 |
| Intangible assets, net | 1,017,343 | 1,099,918 |
| Goodwill | 1,412,369 | 1,422,060 |
| Total assets | $3,501,937 | $3,462,182 |
| Liabilities, Mezzanine Equity and Stockholders’ Equity | ||
| Current liabilities: | ||
| Premiums payable to insurance companies | $555,569 | $471,294 |
| Producer commissions payable | 64,304 | 53,927 |
| Accrued expenses and other current liabilities | 152,954 | 125,743 |
| Related party notes payable | 1,525 | 1,525 |
| Current portion of contingent earnout liabilities | 215,157 | 46,717 |
| Liabilities held for sale | 43,931 | — |
| Total current liabilities | 1,033,440 | 699,206 |
| Revolving line of credit | 341,000 | 505,000 |
| Long-term debt, less current portion | 968,183 | 809,862 |
| Contingent earnout liabilities, less current portion | 61,310 | 220,219 |
| Operating lease liabilities, less current portion | 78,999 | 87,692 |
| Other liabilities | 123 | 164 |
| Total liabilities | 2,483,055 | 2,322,143 |
| Commitments and contingencies (Note 20) | ||
| Mezzanine equity: | ||
| Redeemable noncontrolling interest | 394 | 487 |
| Stockholders’ equity: | ||
| Class A common stock, par value $0.01 per share, 300,000,000 shares authorized; 64,133,950 and 61,447,368 shares issued and outstanding at December 31, 2023 and 2022, respectively | 641 | 614 |
| Class B common stock, par value $0.0001 per share, 100,000,000 shares authorized; 52,422,494 and 54,504,918 shares issued and outstanding at December 31, 2023 and 2022, respectively | 5 | 5 |
| Additional paid-in capital | 746,671 | 704,291 |
| Accumulated deficit | (186,905) | (96,764) |
| Stockholder notes receivable | — | (42) |
| Total stockholders’ equity attributable to BRP Group | 560,412 | 608,104 |
| Noncontrolling interest | 458,076 | 531,448 |
| Total stockholders’ equity | 1,018,488 | 1,139,552 |
| Total liabilities, mezzanine equity and stockholders’ equity | $3,501,937 | $3,462,182 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.