$BWIN
Baldwin Insurance Group, Inc.

2020 Q4 Form 10-Q Financial Statement

#000178175520000076 Filed on November 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $69.60M $65.80M $38.40M
YoY Change 90.16% 71.35% 107.57%
Cost Of Revenue $51.80M $48.50M $26.80M
YoY Change 73.24% 80.97% 116.13%
Gross Profit $17.80M $17.40M $11.60M
YoY Change 165.67% 50.0% 90.16%
Gross Profit Margin 25.57% 26.44% 30.21%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.280M $258.0K $184.0K
YoY Change 90.3% 40.22% 45.42%
% of Gross Profit 35.28% 1.48% 1.59%
Operating Expenses $31.60M $24.00M $10.10M
YoY Change 25.4% 137.62% 110.42%
Operating Profit -$13.76M -$6.670M $1.474M
YoY Change -25.77% -552.51% 9.75%
Interest Expense -$5.300M -$900.0K -$3.800M
YoY Change 231.25% -76.32% 192.31%
% of Operating Profit -257.8%
Other Income/Expense, Net -$5.375M -$945.0K -$3.780M
YoY Change -35.83% -75.0% 193.02%
Pretax Income -$19.14M -$7.615M -$2.306M
YoY Change -28.9% 230.23% -2406.0%
Income Tax -$17.00K $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.31M -$3.268M $0.00
YoY Change 19.17% -100.0%
Net Earnings / Revenue -14.81% -4.97% 0.0%
Basic Earnings Per Share -$0.29 -$0.10
Diluted Earnings Per Share -$0.29 -$0.10 -$62.08K
COMMON SHARES
Basic Shares Outstanding 33.99M shares 33.95M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.5M $50.20M $11.10M
YoY Change 60.27% 352.25%
Cash & Equivalents $108.5M $50.22M $11.11M
Short-Term Investments
Other Short-Term Assets $38.00M $10.50M $12.10M
YoY Change 493.75% -13.22%
Inventory
Prepaid Expenses
Receivables $155.5M $98.30M $45.20M
Other Receivables $0.00 $100.0K $100.0K
Total Short-Term Assets $302.0M $159.1M $68.45M
YoY Change 127.19% 132.39%
LONG-TERM ASSETS
Property, Plant & Equipment $11.02M $7.791M $2.794M
YoY Change 231.7% 178.81%
Goodwill $651.5M $344.4M $170.8M
YoY Change 296.12% 101.62%
Intangibles $554.3M $203.6M $92.39M
YoY Change 499.59% 120.32%
Long-Term Investments
YoY Change
Other Assets $11.08M $7.949M $11.70M
YoY Change 97.93% -32.06%
Total Long-Term Assets $1.228B $563.7M $277.7M
YoY Change 361.9% 102.95%
TOTAL ASSETS
Total Short-Term Assets $302.0M $159.1M $68.45M
Total Long-Term Assets $1.228B $563.7M $277.7M
Total Assets $1.530B $722.8M $346.2M
YoY Change 283.66% 108.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.30M $95.60M $7.100M
YoY Change 224.0% 1246.48%
Accrued Expenses $13.03M $14.30M $8.662M
YoY Change 414.69% 65.09%
Deferred Revenue $11.61M $7.542M $4.349M
YoY Change 116.98% 73.41%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $0.00
YoY Change
Total Short-Term Liabilities $217.4M $124.6M $65.88M
YoY Change 198.55% 89.06%
LONG-TERM LIABILITIES
Long-Term Debt $381.4M $101.0M $0.00
YoY Change
Other Long-Term Liabilities $2.419M $2.194M $361.5K
YoY Change 19.93% 506.95%
Total Long-Term Liabilities $2.419M $2.194M $361.5K
YoY Change 19.93% 506.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $217.4M $124.6M $65.88M
Total Long-Term Liabilities $2.419M $2.194M $361.5K
Total Liabilities $759.9M $306.1M $295.2M
YoY Change 370.57% 3.67%
SHAREHOLDERS EQUITY
Retained Earnings -$24.35M -$14.04M -$206.0M
YoY Change 181.46% -93.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $367.8M $223.4M -$34.00M
YoY Change
Total Liabilities & Shareholders Equity $1.530B $722.8M $346.2M
YoY Change 283.66% 108.77%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$10.31M -$3.268M $0.00
YoY Change 19.17% -100.0%
Depreciation, Depletion And Amortization $6.280M $258.0K $184.0K
YoY Change 90.3% 40.22% 45.42%
Cash From Operating Activities $6.050M -$12.87M $5.630M
YoY Change -343.95% -328.6% 165.57%
INVESTING ACTIVITIES
Capital Expenditures -$2.490M -$1.520M -$980.0K
YoY Change 857.69% 55.1% -84.59%
Acquisitions
YoY Change
Other Investing Activities -$440.1M -$6.290M -$23.30M
YoY Change -41229.91% -73.0% 409.85%
Cash From Investing Activities -$442.6M -$7.800M -$24.28M
YoY Change -55422.5% -67.87% 122.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 520.6M -125.8M 20.33M
YoY Change 842.34% -718.59% 192.52%
NET CHANGE
Cash From Operating Activities 6.050M -12.87M 5.630M
Cash From Investing Activities -442.6M -7.800M -24.28M
Cash From Financing Activities 520.6M -125.8M 20.33M
Net Change In Cash 84.02M -146.4M 1.680M
YoY Change 56.87% -8816.07% -190.32%
FREE CASH FLOW
Cash From Operating Activities $6.050M -$12.87M $5.630M
Capital Expenditures -$2.490M -$1.520M -$980.0K
Free Cash Flow $8.540M -$11.35M $6.610M
YoY Change -484.68% -271.71% -22.05%

Facts In Submission

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BRP GROUP, INC.
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CY2019Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-2598000 USD
CY2019Q3 brp Reduction Of Equity Loans To Purchase Member Units
ReductionOfEquityLoansToPurchaseMemberUnits
-16000 USD
CY2019Q3 brp Equity Units Issued During Period Value Management Incentive Plan
EquityUnitsIssuedDuringPeriodValueManagementIncentivePlan
303000 USD
CY2019Q3 brp Equity Units Issued During Period Value Non Voting Common Units To Members
EquityUnitsIssuedDuringPeriodValueNonVotingCommonUnitsToMembers
0 USD
CY2019Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-74166000 USD
CY2019Q3 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
749000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-203895000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-62759000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
231000 USD
brp Members Equity Account Contributions Through Member Note Receivable
MembersEquityAccountContributionsThroughMemberNoteReceivable
-263000 USD
brp Reduction Of Equity Loans To Purchase Member Units
ReductionOfEquityLoansToPurchaseMemberUnits
-160000 USD
brp Equity Units Issued During Period Value Management Incentive Plan
EquityUnitsIssuedDuringPeriodValueManagementIncentivePlan
663000 USD
brp Equity Units Issued During Period Value Non Voting Common Units To Members
EquityUnitsIssuedDuringPeriodValueNonVotingCommonUnitsToMembers
998000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
1000000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-140708000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
3217000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-203895000 USD
us-gaap Profit Loss
ProfitLoss
-10767000 USD
us-gaap Profit Loss
ProfitLoss
4477000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
13894000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
7253000 USD
brp Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetAndLiability
12697000 USD
brp Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetAndLiability
-3222000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5357000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
110000 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
1727000 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
384000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1117000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-115000 USD
brp Management Incentive Plan Noncash Expense
ManagementIncentivePlanNoncashExpense
0 USD
brp Management Incentive Plan Noncash Expense
ManagementIncentivePlanNoncashExpense
663000 USD
brp Participation Unit Compensation Noncash Expense
ParticipationUnitCompensationNoncashExpense
0 USD
brp Participation Unit Compensation Noncash Expense
ParticipationUnitCompensationNoncashExpense
150000 USD
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
12717000 USD
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
441000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-230000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
921000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-2000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-73000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
23418000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5090000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
105000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30771000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14569000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4135000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1465000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
200000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
695000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
671000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
230403000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
99486000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-235233000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101822000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
167346000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
32610000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
798000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
brp Paymentfor Guaranteed Consideration Liability Financing Activities
PaymentforGuaranteedConsiderationLiabilityFinancingActivities
1192000 USD
brp Paymentfor Guaranteed Consideration Liability Financing Activities
PaymentforGuaranteedConsiderationLiabilityFinancingActivities
813000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
185637000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
68464000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
125000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
49845000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
204000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2182000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15000 USD
brp Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
169000 USD
brp Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
160000 USD
brp Paymentsfor Repurchaseof Redeemable Members Capital
PaymentsforRepurchaseofRedeemableMembersCapital
0 USD
brp Paymentsfor Repurchaseof Redeemable Members Capital
PaymentsforRepurchaseofRedeemableMembersCapital
12500000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
9831000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
19000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1662000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
191389000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
96768000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-13073000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
9515000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71071000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7995000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57998000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17510000 USD
us-gaap Interest Paid Net
InterestPaidNet
2309000 USD
us-gaap Interest Paid Net
InterestPaidNet
7480000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
52575000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
38637000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
26612000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
29117000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
561000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
0 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-140708000 USD
brp Issuance Of Voting Common Units To Redeemable Common Equity Holder Capitalized Value
IssuanceOfVotingCommonUnitsToRedeemableCommonEquityHolderCapitalizedValue
0 USD
brp Issuance Of Voting Common Units To Redeemable Common Equity Holder Capitalized Value
IssuanceOfVotingCommonUnitsToRedeemableCommonEquityHolderCapitalizedValue
5509000 USD
brp Noncash Capitalized Offering Costs
NoncashCapitalizedOfferingCosts
0 USD
brp Noncash Capitalized Offering Costs
NoncashCapitalizedOfferingCosts
4207000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
2554000 USD
brp Transfer Of Long Term Debt To Revolving Line Of Credit
TransferOfLongTermDebtToRevolvingLineOfCredit
0 USD
brp Transfer Of Long Term Debt To Revolving Line Of Credit
TransferOfLongTermDebtToRevolvingLineOfCredit
1820000 USD
brp Business Combination Consideration Transferred Assets Recorded Contingently Returnable Consideration
BusinessCombinationConsiderationTransferredAssetsRecordedContingentlyReturnableConsideration
0 USD
brp Business Combination Consideration Transferred Assets Recorded Contingently Returnable Consideration
BusinessCombinationConsiderationTransferredAssetsRecordedContingentlyReturnableConsideration
321000 USD
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-07-01
us-gaap Use Of Estimates
UseOfEstimates
The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Significant estimates underlying the accompanying consolidated financial statements include the application of guidance for revenue recognition, including determination of allowances for estimated policy cancellations, business combinations and purchase price allocation, impairment of long-lived assets including goodwill, and valuation of the Tax Receivable Agreement liability and share-based compensation.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain prior year amounts have been reclassified to conform to current year presentation.
CY2020Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred But Not Reported Ibnr Claims Amount
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount
1100000 USD
CY2020Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
11 numberOfBusinessCombinations
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
317700000 USD
brp Amortization Period Goodwill Income Tax Basis
AmortizationPeriodGoodwillIncomeTaxBasis
P15Y
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
11 numberOfBusinessCombinations
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
37100000 USD
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
3000000.0 USD
CY2020Q3 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
1700000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
238118000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
26612000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
52575000 USD
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
359000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
317664000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
7715000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
26835000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
443000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
222000 USD
CY2020Q3 us-gaap Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
179926000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
338775000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
19717000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
1394000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
21111000 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
317664000 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
134769000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2092000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8545000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8280000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8132000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7942000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
66075000 USD
CY2019Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
56095000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
201960000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
163522000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-7588000 USD
CY2019Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-3448000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-882000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
5647000 USD
CY2020Q3 brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-3250000 USD
brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-320000 USD
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.10
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.01
CY2020Q3 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
33107000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
24408000 shares
CY2020Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
65843000 USD
CY2019Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
38383000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
171270000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
101280000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2020Q3 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
49872000 USD
CY2019Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
47337000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7542000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5349000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
5200000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4060000 USD
CY2019Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3094000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3621000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
2882000 USD
CY2020Q3 brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
540000 USD
CY2019Q3 brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
599000 USD
brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
1649000 USD
brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
1280000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-344000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-274000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-1014000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-743000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4256000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3419000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4256000 USD
CY2019Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3419000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
231725000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
28170000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
203555000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
107390000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14940000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
92450000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6800000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
164470000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
179926000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
344396000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
330244 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
14.00
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P3Y7M28D
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
677000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
645843 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.71
brp Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageRemainingContractualTerms
P2Y1M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
161965 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
11.45
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
54000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
30551 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
14.14
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
783571 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.11
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y7M20D
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
7683000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3268000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5388000 USD
CY2020Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33098000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24371000 shares
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
229000 USD
CY2020Q3 brp Business Combination And Assets Acquisitions Contingent Consideration Arrangements Assets Rangeof Outcomes Value High
BusinessCombinationAndAssetsAcquisitionsContingentConsiderationArrangementsAssetsRangeofOutcomesValueHigh
1300000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
12900000 USD
CY2020Q3 brp Business Combination And Assets Acquisitions Contingent Consideration Arrangements Liabilities Rangeof Outcomes Value High
BusinessCombinationAndAssetsAcquisitionsContingentConsiderationArrangementsLiabilitiesRangeofOutcomesValueHigh
233600000 USD
CY2020Q3 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
98800000 USD
CY2020Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
101000000.0 USD
CY2019Q4 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
40400000 USD
CY2019Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
40400000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2020Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
65843000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-7615000 USD
CY2019Q3 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
38383000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-2306000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
171270000 USD
us-gaap Profit Loss
ProfitLoss
-10767000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
101280000 USD
us-gaap Profit Loss
ProfitLoss
4477000 USD
CY2020Q3 us-gaap Assets
Assets
722764000 USD
CY2019Q4 us-gaap Assets
Assets
398768000 USD

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