$BWIN
Baldwin Insurance Group, Inc.

2021 Q2 Form 10-Q Financial Statement

#000178175521000049 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $119.7M $51.30M
YoY Change 133.35% 54.98%
Cost Of Revenue $89.07M $39.30M
YoY Change 126.63% 63.75%
Gross Profit $30.64M $12.00M
YoY Change 155.34% 31.87%
Gross Profit Margin 25.6% 23.39%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $573.0K $240.0K
YoY Change 138.75% 61.07%
% of Gross Profit 1.87% 2.0%
Operating Expenses $44.18M $18.80M
YoY Change 134.98% 123.81%
Operating Profit -$13.54M -$6.812M
YoY Change 98.71% -1125.9%
Interest Expense -$5.848M -$1.000M
YoY Change 484.8% -72.22%
% of Operating Profit
Other Income/Expense, Net -$6.905M -$1.047M
YoY Change 559.5% -71.1%
Pretax Income -$20.44M -$7.859M
YoY Change 160.1% 165.6%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.09M -$3.588M
YoY Change 181.3%
Net Earnings / Revenue -8.43% -6.99%
Basic Earnings Per Share -$0.23 -$0.18
Diluted Earnings Per Share -$0.23 -$0.18
COMMON SHARES
Basic Shares Outstanding 44.67M shares 20.43M shares
Diluted Shares Outstanding 44.67M shares 20.43M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $224.5M $194.4M
YoY Change 15.47% 1418.75%
Cash & Equivalents $224.5M $194.4M
Short-Term Investments
Other Short-Term Assets $56.66M $13.30M
YoY Change 326.02% 155.77%
Inventory
Prepaid Expenses
Receivables $209.7M $102.6M
Other Receivables $0.00 $100.0K
Total Short-Term Assets $490.8M $310.3M
YoY Change 58.15% 333.43%
LONG-TERM ASSETS
Property, Plant & Equipment $11.56M $6.358M
YoY Change 81.79% 154.32%
Goodwill $671.8M $335.5M
YoY Change 100.23%
Intangibles $547.2M $209.5M
YoY Change 161.26%
Long-Term Investments
YoY Change
Other Assets $14.89M $7.994M
YoY Change 86.2% -30.49%
Total Long-Term Assets $1.245B $559.3M
YoY Change 122.68% 126.73%
TOTAL ASSETS
Total Short-Term Assets $490.8M $310.3M
Total Long-Term Assets $1.245B $559.3M
Total Assets $1.736B $869.7M
YoY Change 99.65% 173.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $209.9M $13.20M
YoY Change 1490.49% 112.9%
Accrued Expenses $31.86M $122.9M
YoY Change -74.08% 153.93%
Deferred Revenue $17.78M $4.213M
YoY Change 321.98%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M
YoY Change
Total Short-Term Liabilities $354.8M $144.6M
YoY Change 145.38% 119.09%
LONG-TERM LIABILITIES
Long-Term Debt $498.0M $226.0M
YoY Change 120.35% 33.1%
Other Long-Term Liabilities $3.067M $2.114M
YoY Change 45.08% -93.52%
Total Long-Term Liabilities $3.067M $2.114M
YoY Change 45.08% -98.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $354.8M $144.6M
Total Long-Term Liabilities $3.067M $2.114M
Total Liabilities $944.0M $447.0M
YoY Change 111.16% 32.73%
SHAREHOLDERS EQUITY
Retained Earnings -$19.49M -$10.77M
YoY Change 80.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $384.7M $224.5M
YoY Change
Total Liabilities & Shareholders Equity $1.736B $869.7M
YoY Change 99.65% 173.22%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income -$10.09M -$3.588M
YoY Change 181.3%
Depreciation, Depletion And Amortization $573.0K $240.0K
YoY Change 138.75% 61.07%
Cash From Operating Activities $46.13M $38.67M
YoY Change 19.29% 869.17%
INVESTING ACTIVITIES
Capital Expenditures -$2.331M -$2.730M
YoY Change -14.62% 268.92%
Acquisitions
YoY Change
Other Investing Activities -$6.916M -$184.8M
YoY Change -96.26% 354.95%
Cash From Investing Activities -$9.247M -$187.5M
YoY Change -95.07% 353.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 116.6M 297.3M
YoY Change -60.8% 601.44%
NET CHANGE
Cash From Operating Activities 46.13M 38.67M
Cash From Investing Activities -9.247M -187.5M
Cash From Financing Activities 116.6M 297.3M
Net Change In Cash 153.4M 148.5M
YoY Change 3.34% 2851.69%
FREE CASH FLOW
Cash From Operating Activities $46.13M $38.67M
Capital Expenditures -$2.331M -$2.730M
Free Cash Flow $48.46M $41.40M
YoY Change 17.05% 775.26%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
792174000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
254805000 USD
CY2020Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-7880000 USD
CY2020Q2 brp Shares Issued During Period Value New Issues And Conversion Of Convertible Securities Net Of Adjustments
SharesIssuedDuringPeriodValueNewIssuesAndConversionOfConvertibleSecuritiesNetOfAdjustments
135259000 USD
CY2020Q2 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
39953000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1644000 USD
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1292000 USD
CY2020Q2 brp Reduction Of Stockholders Notes Payable To Member Units
ReductionOfStockholdersNotesPayableToMemberUnits
74000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
422563000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
237251000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-3189000 USD
brp Shares Issued During Period Value New Issues And Conversion Of Convertible Securities Net Of Adjustments
SharesIssuedDuringPeriodValueNewIssuesAndConversionOfConvertibleSecuritiesNetOfAdjustments
135259000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
52130000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2289000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1292000 USD
brp Reduction Of Stockholders Notes Payable To Member Units
ReductionOfStockholdersNotesPayableToMemberUnits
115000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
422563000 USD
us-gaap Profit Loss
ProfitLoss
10510000 USD
us-gaap Profit Loss
ProfitLoss
-3152000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
22446000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
8451000 USD
brp Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetAndLiability
11822000 USD
brp Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset And Liability
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssetAndLiability
6242000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8087000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3117000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1443000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
195000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-825000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
602000 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
1316000 USD
brp Fair Value Adjustments Other
FairValueAdjustmentsOther
94000 USD
brp Fair Value Adjustments Other
FairValueAdjustmentsOther
0 USD
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
52357000 USD
us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
9464000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2254000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
334000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-84000 USD
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
78000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
49321000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
39983000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49419000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43644000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1756000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2619000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
1575000 USD
us-gaap Payments To Acquire Assets Investing Activities
PaymentsToAcquireAssetsInvestingActivities
695000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
24276000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
224112000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27607000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-227426000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
167346000 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
0 USD
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
32610000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
769000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
828000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
665000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
20000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
185637000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
97914000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
634000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1918000 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
3461000 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
0 USD
brp Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
159000 USD
brp Proceeds From Collection Of Stock Subscription Receivable
ProceedsFromCollectionOfStockSubscriptionReceivable
115000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
11000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
112150000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
317147000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
52130000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
133962000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
133365000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
142022000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71071000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
275984000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
204436000 USD
us-gaap Interest Paid Net
InterestPaidNet
11024000 USD
us-gaap Interest Paid Net
InterestPaidNet
1486000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
3714000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
7764000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
25188000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
3823000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
33000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 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; the determination of fair value in relation to business combinations and purchase price allocation; impairment of long-lived assets including goodwill; valuation of the Tax Receivable Agreement liability and income taxes; and share-based compensation.
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents. The Company manages this risk using high creditworthy financial institutions. Interest-bearing accounts and noninterest-bearing accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. Deposits exceed amounts insured by the FDIC. The Company has not experienced any losses from its deposits.
CY2021Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
5 numberOfBusinessCombinations
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
41100000 USD
brp Amortization Period Goodwill Income Tax Basis
AmortizationPeriodGoodwillIncomeTaxBasis
P15Y
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
2300000 USD
CY2021Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
835000 USD
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-785000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
27005000 USD
brp Business Combination Consideration Transferred Liabilities Incurred Contingent Earnout
BusinessCombinationConsiderationTransferredLiabilitiesIncurredContingentEarnout
7764000 USD
us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
3714000 USD
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
2592000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
41075000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
255000 USD
CY2021Q2 brp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Restricted Cash
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCash
2000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
1806000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
43000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
13000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
16997000 USD
CY2021Q2 us-gaap Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
22579000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
41695000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
318000 USD
CY2021Q2 brp Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Commissions Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesCommissionsPayable
272000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
30000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
620000 USD
CY2021Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
41075000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
568000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1297000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1265000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1320000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1391000 USD
CY2021Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
120195000 USD
CY2020Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
52880000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
276248000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
110724000 USD
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-20028000 USD
CY2020Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-8055000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
12081000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1329000 USD
CY2021Q2 brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-9719000 USD
CY2020Q2 brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-3656000 USD
brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
5614000 USD
brp Business Acquisition Pro Forma Net Income Loss Attributableto Parent
BusinessAcquisitionProFormaNetIncomeLossAttributabletoParent
-1518000 USD
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.22
CY2020Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.18
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.13
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.08
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.22
CY2020Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.18
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.12
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.08
CY2021Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
44686000 shares
CY2020Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
20642000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
44537000 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
20176000 shares
CY2021Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
44686000 shares
CY2020Q2 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
20642000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
46239000 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
20176000 shares
CY2021Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
119706000 USD
CY2020Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
51268000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
272534000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
105427000 USD
CY2021Q2 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
129999000 USD
CY2020Q4 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
80213000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
17778000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
11606000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10500000 USD
CY2021Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
5164000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3792000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4751000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
3621000 USD
CY2021Q2 brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
1351000 USD
CY2020Q2 brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
617000 USD
brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
2186000 USD
brp Capitalized Contract Cost Capitalized Amount
CapitalizedContractCostCapitalizedAmount
1109000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-479000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-349000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-901000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
-670000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
6036000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4060000 USD
CY2021Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
6036000 USD
CY2020Q2 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
4060000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
601196000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
53969000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
547227000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
587018000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32698000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
554320000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10700000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4500000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000000.0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
651502000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
22579000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-2255000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
671826000 USD
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Consideration Transferred
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
-2500000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
826027 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
15.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1331672 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
28.92
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
161335 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
24.19
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
26611 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
19.78
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1969753 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
23.98
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4500000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2000000.0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3100000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9756000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3588000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4857000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2120000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44671000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20426000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44464000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19960000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9756000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3588000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4857000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2120000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44671000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20426000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44464000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19960000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1696000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44671000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20426000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46160000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19960000 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
11800000 USD
CY2021Q2 brp Business Combination And Assets Acquisitions Contingent Consideration Arrangements Liabilities Rangeof Outcomes Value High
BusinessCombinationAndAssetsAcquisitionsContingentConsiderationArrangementsLiabilitiesRangeofOutcomesValueHigh
531000000.0 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
17000000.0 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13600000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2021Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
119706000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-20104000 USD
CY2020Q2 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
51268000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-7859000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
272534000 USD
us-gaap Profit Loss
ProfitLoss
10510000 USD
us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
105427000 USD
us-gaap Profit Loss
ProfitLoss
-3152000 USD
CY2021Q2 us-gaap Assets
Assets
1736300000 USD
CY2020Q4 us-gaap Assets
Assets
1529914000 USD

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