BRP Group Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
BWIN$32.18+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Loss
| For the Years Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share data) | 2023 | 2022 | 2021 |
| Revenues: | |||
| Commissions and fees | $1,211,828 | $980,720 | $567,290 |
| Investment income | 6,727 | — | — |
| Total revenues | 1,218,555 | 980,720 | 567,290 |
| Operating expenses: | |||
| Commissions, employee compensation and benefits | 911,354 | 719,445 | 400,050 |
| Other operating expenses | 190,267 | 173,708 | 102,162 |
| Amortization expense | 92,704 | 81,738 | 48,720 |
| Change in fair value of contingent consideration | 61,083 | 32,307 | 45,196 |
| Depreciation expense | 5,698 | 4,620 | 2,788 |
| Total operating expenses | 1,261,106 | 1,011,818 | 598,916 |
| Operating loss | (42,551) | (31,098) | (31,626) |
| Other income (expense): | |||
| Interest expense, net | (119,465) | (71,072) | (26,899) |
| Other income (expense), net | (718) | 26,137 | 424 |
| Total other expense | (120,183) | (44,935) | (26,475) |
| Loss before income taxes | (162,734) | (76,033) | (58,101) |
| Income tax expense | 1,285 | 715 | 19 |
| Net loss | (164,019) | (76,748) | (58,120) |
| Less: net loss attributable to noncontrolling interests | (73,878) | (34,976) | (27,474) |
| Net loss attributable to BRP Group | $(90,141) | $(41,772) | $(30,646) |
| Comprehensive loss | $(164,019) | $(76,748) | $(58,120) |
| Comprehensive loss attributable to noncontrolling interests | (73,878) | (34,976) | (27,474) |
| Comprehensive loss attributable to BRP Group | (90,141) | (41,772) | (30,646) |
| Basic and diluted loss per share | $(1.50) | $(0.74) | $(0.64) |
| Basic and diluted weighted-average shares of Class A common stock outstanding | 60,134,776 | 56,825,348 | 47,587,866 |
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