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Baldwin Insurance Group (BRP) Revenue & Revenue Breakdown

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Baldwin Insurance Group Revenue Highlights

Latest Revenue (Y)

$1.22B

Latest Revenue (Q)

$380.37M

Main Segment (Y)

Commission Revenue

Baldwin Insurance Group Revenue by Period

Baldwin Insurance Group Revenue by Year

DateRevenueChange
2023-12-31$1.22B24.25%
2022-12-31$980.72M72.88%
2021-12-31$567.29M135.47%
2020-12-31$240.92M74.78%
2019-12-31$137.84M72.56%
2018-12-31$79.88M66.36%
2017-12-31$48.01M-

Baldwin Insurance Group generated $1.22B in revenue during NA 2023, up 24.25% compared to the previous quarter, and up 1525.49% compared to the same period a year ago.

Baldwin Insurance Group Revenue by Quarter

DateRevenueChange
2024-03-31$380.37M33.63%
2023-12-31$284.65M-7.06%
2023-09-30$306.27M3.05%
2023-06-30$297.19M-10.06%
2023-03-31$330.45M34.30%
2022-12-31$246.04M-5.14%
2022-09-30$259.37M11.58%
2022-06-30$232.46M-4.28%
2022-03-31$242.85M52.54%
2021-12-31$159.20M17.44%
2021-09-30$135.56M13.24%
2021-06-30$119.71M-21.67%
2021-03-31$152.83M119.43%
2020-12-31$69.65M5.78%
2020-09-30$65.84M28.43%
2020-06-30$51.27M-5.34%
2020-03-31$54.16M48.14%
2019-12-31$36.56M-4.75%
2019-09-30$38.38M16.10%
2019-06-30$33.06M10.80%
2019-03-31$29.84M43.06%
2018-12-31$20.86M12.50%
2018-09-30$18.54M-

Baldwin Insurance Group generated $380.37M in revenue during Q1 2024, up 33.63% compared to the previous quarter, and up 154.59% compared to the same period a year ago.

Baldwin Insurance Group Revenue Breakdown

Baldwin Insurance Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Commission Revenue$967.55M$786.79M---
Consulting and Service Fee Revenue$74.64M$61.24M$29.05M$3.51M$2.71M
Policy Fee and Installment Fee Revenue$65.39M$55.36M$19.86M$15.24M$8.15M
Insurance, Other$10.82M$11.23M$8.50M$9.24M$2.93M
Profit Sharing Revenue$93.44M$66.09M$37.39M$16.40M$9.60M
Direct Bill Revenue--$269.60M$104.88M$70.83M
Agency Bill Revenue--$202.89M$91.66M$43.62M

Baldwin Insurance Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Commission Revenue (79.84%), Profit Sharing Revenue (7.71%), Consulting and Service Fee Revenue (6.16%), Policy Fee and Installment Fee Revenue (5.40%), and Insurance, Other (0.89%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Profit Sharing Revenue$20.69M$17.70M$25.96M$26.76M$23.02M$16.67M$15.04M$19.37M$15.01M$10.82M$8.11M$8.18M$10.29M$5.11M$3.54M$2.63M$5.12M$1.72M$1.59M
Consulting and Service Fee Revenue$20.13M$15.56M$21.73M$19.70M$17.64M$17.15M$17.57M$12.19M$14.34M$12.70M$5.34M$5.73M$1.39M$1.28M$720.00K$793.00K$715.00K$371.82K$1.11M
Commission Revenue$322.38M$229.74M$237.10M$229.85M$270.86M--------------
Policy Fee and Installment Fee Revenue$12.61M$15.48M$17.07M$17.00M$15.83M$18.20M$18.04M$13.42M$5.71M$5.44M$5.15M$4.79M$4.48M$4.15M$4.05M$3.65M$3.38M$3.04M$2.72M
Insurance, Other$2.29M-$4.40M$3.88M$3.09M$-1.11M$4.45M$4.94M$2.95M$-2.68M$4.88M$3.36M$8.21M$4.92M$2.41M$1.51M$400.00K$1.31M$1.05M
Agency Bill Revenue------$92.89M$89.02M$73.18M$66.62M$53.49M$47.29M$33.95M$26.85M$28.13M$20.26M$16.43M$12.53M$14.25M
Direct Bill Revenue------$111.37M$93.53M$131.66M$66.30M$58.58M$50.36M$94.50M$27.34M$27.00M$22.43M$28.11M$17.58M$17.66M

Baldwin Insurance Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Commission Revenue (85.26%), Profit Sharing Revenue (5.47%), Consulting and Service Fee Revenue (5.32%), Policy Fee and Installment Fee Revenue (3.33%), and Insurance, Other (0.61%).

Baldwin Insurance Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MMCMarsh & McLennan Companies$22.74B$5.70B
AONAon$13.38B$3.65B
WTWWillis Towers Watson Public Limited Company$9.48B$1.81B
BROBrown & Brown$4.26B$1.19B
CRD-ACrawford & Company$1.32B$342.73M
BRPBaldwin Insurance Group$1.22B$380.37M
HUIZHuize$1.20B$310.31M
CRVLCorVel$795.31M$224.38M
EHTHeHealth$452.87M$58.41M
ERIEErie Indemnity Company$28.97M$999.89M
AJGArthur J. Gallagher$1.70M$2.81B

BRP Revenue FAQ

What is Baldwin Insurance Group’s yearly revenue?

Baldwin Insurance Group's yearly revenue for 2023 was $1.22B, representing an increase of 24.25% compared to 2022. The company's yearly revenue for 2022 was $980.72M, representing an increase of 72.88% compared to 2021. BRP's yearly revenue for 2021 was $567.29M, representing an increase of 135.47% compared to 2020.

What is Baldwin Insurance Group’s quarterly revenue?

Baldwin Insurance Group's quarterly revenue for Q1 2024 was $380.37M, a 33.63% increase from the previous quarter (Q4 2023), and a 15.11% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $284.65M, a -7.06% decrease from the previous quarter (Q3 2023), and a 15.69% increase year-over-year (Q4 2022). BRP's quarterly revenue for Q3 2023 was $306.27M, a 3.05% increase from the previous quarter (Q2 2023), and a 18.08% increase year-over-year (Q3 2022).

What is Baldwin Insurance Group’s revenue growth rate?

Baldwin Insurance Group's revenue growth rate for the last 3 years (2021-2023) was 114.80%, and for the last 5 years (2019-2023) was 784.03%.

What are Baldwin Insurance Group’s revenue streams?

Baldwin Insurance Group's revenue streams in c 23 are Commission Revenue, Consulting and Service Fee Revenue, Policy Fee and Installment Fee Revenue, Insurance, Other, and Profit Sharing Revenue. Commission Revenue generated $967.55M in revenue, accounting 79.84% of the company's total revenue, up 22.97% year-over-year. Consulting and Service Fee Revenue generated $74.64M in revenue, accounting 6.16% of the company's total revenue, up 21.87% year-over-year. Policy Fee and Installment Fee Revenue generated $65.39M in revenue, accounting 5.40% of the company's total revenue, up 18.11% year-over-year. Insurance, Other generated $10.82M in revenue, accounting 0.89% of the company's total revenue, down -3.68% year-over-year. Profit Sharing Revenue generated $93.44M in revenue, accounting 7.71% of the company's total revenue, up 41.38% year-over-year.

What is Baldwin Insurance Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Baldwin Insurance Group was Commission Revenue. This segment made a revenue of $967.55M, representing 79.84% of the company's total revenue.