BRP Group, Inc.(US:BWIN)2025-05-06 20:28Financial Performance Highlights - Total revenue increased by 9% from $380367000 in Q1 2024 to $413405000 in Q1 2025[6] - Retained commissions and fees grew by 9% from $319330000 in Q1 2024 to $347582000 in Q1 2025[6] - Adjusted EBITDA increased by 12% from $101686000 in Q1 2024 to $113795000 in Q1 2025[6] - Adjusted net income increased by 17% from $65315000 in Q1 2024 to $76558000 in Q1 2025[6] - Adjusted diluted EPS increased by 16% from $056 in Q1 2024 to $065 in Q1 2025[6] Organic Revenue Growth - Consolidated organic revenue growth was 10% in Q1 2025[6] - Underwriting, Capacity & Technology Solutions (UCTS) experienced the highest organic revenue growth at 32% in Q1 2025[10] - Mainstreet Insurance Solutions (MIS) organic revenue growth was 10% in Q1 2025[12] - Insurance Advisory Solutions organic revenue growth was 3% in Q1 2025[10] Profitability Metrics - Adjusted EBITDA margin was 28% in Q1 2025, compared to 27% in Q1 2024[6] - Adjusted EBITDA margin on retained commissions and fees was 33% in Q1 2025, compared to 32% in Q1 2024[6] - Net income margin decreased from 10% in Q1 2024 to 6% in Q1 2025[6]