Baldwin Insurance Group (BRP) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.22B | 24.25% |
| 2022-12-31 | $980.72M | 72.88% |
| 2021-12-31 | $567.29M | 135.47% |
| 2020-12-31 | $240.92M | 74.78% |
| 2019-12-31 | $137.84M | 72.56% |
| 2018-12-31 | $79.88M | 66.36% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $380.37M | 33.63% |
| 2023-12-31 | $284.65M | -7.06% |
| 2023-09-30 | $306.27M | 3.05% |
| 2023-06-30 | $297.19M | -10.06% |
| 2023-03-31 | $330.45M | 34.30% |
| 2022-12-31 | $246.04M | -5.14% |
| 2022-09-30 | $259.37M | 11.58% |
| 2022-06-30 | $232.46M | -4.28% |
| 2022-03-31 | $242.85M | 52.54% |
| 2021-12-31 | $159.20M | 17.44% |
| 2021-09-30 | $135.56M | 13.24% |
| 2021-06-30 | $119.71M | -21.67% |
| 2021-03-31 | $152.83M | 119.43% |
| 2020-12-31 | $69.65M | 5.78% |
| 2020-09-30 | $65.84M | 28.43% |
| 2020-06-30 | $51.27M | -5.34% |
| 2020-03-31 | $54.16M | 48.14% |
| 2019-12-31 | $36.56M | -4.75% |
| 2019-09-30 | $38.38M | 16.10% |
| 2019-06-30 | $33.06M | 10.80% |
| 2019-03-31 | $29.84M | 43.06% |
| 2018-12-31 | $20.86M | 12.50% |
| 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/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Commission Revenue | $967.55M | $786.79M | - | - | - |
| Consulting and Service Fee Revenue | $74.64M | $61.24M | $29.05M | $3.51M | $2.71M |
| Profit Sharing Revenue | $93.44M | $66.09M | $37.39M | $16.40M | $9.60M |
| 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 |
| 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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MMC | Marsh & McLennan Companies | $22.74B | $5.70B |
| AON | Aon | $13.38B | $3.65B |
| WTW | Willis Towers Watson Public Limited Company | $9.48B | $1.81B |
| BRO | Brown & Brown | $4.26B | $1.19B |
| FANH | Fanhua | $3.20B | $603.39M |
| CRD-A | Crawford & Company | $1.32B | $326.85M |
| BRP | Baldwin Insurance Group | $1.22B | $380.37M |
| HUIZ | Huize | $1.20B | $310.31M |
| CRVL | CorVel | $795.31M | $211.72M |
| EHTH | eHealth | $452.87M | $92.96M |
| ERIE | Erie Indemnity Company | $28.97M | $999.89M |
| AJG | Arthur 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, Profit Sharing Revenue, Policy Fee and Installment Fee Revenue, and Insurance, Other. 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. Profit Sharing Revenue generated $93.44M in revenue, accounting 7.71% of the company's total revenue, up 41.38% 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.
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.