Breaking Down BRP Group, Inc. (BRP) Financial Health: Key Insights for Investors

Imagine a firm that combines scale, specialized expertise and a clear compass for growth: BRP Group, Inc. operates roughly 125 offices across 23 states, serves more than 1.2 million clients, and employs over 3,800 people including more than 700 risk advisors-a workforce guided since 2011 by the Azimuth corporate constitution; their mission to deliver indispensable, tailored insurance and risk management solutions, vision to expand geographic and product reach (including a stated aim to represent over 600,000 clients internationally), and core values of integrity, collaboration, excellence, innovation and accountability together power a client-centric, competitive and growth-focused model that invites a closer look at how numbers, people and principles align.

BRP Group, Inc. (BRP) - Intro

• Established: 2011 (Azimuth adopted as corporate constitution)
• Operating footprint: ~125 offices across 23 states
• Clients served: >1.2 million
• Employees: >3,800 total; >700 risk advisors

• Deliver tailored insurance and risk solutions that enable individuals, families, and businesses to protect what matters most.
• Empower independent risk advisors and local offices with national scale, technology, and capital resources.
• Create measurable value for clients through consultative expertise, claims advocacy, and proactive risk management.

• Be the most trusted partner for risk transfer and risk advisory in the markets we serve, combining local relationships with national capabilities.
• Continuously innovate services and distribution to simplify insurance, increase access, and improve outcomes for over one million clients.

• Independence - preserve advisor autonomy and entrepreneurial drive.
• Client-first Advocacy - prioritize clients' interests in every placement and interaction.
• Integrity & Transparency - ethical conduct, clear communication, and accountable stewardship of client premiums.
• Collaboration & Inclusion - leverage the collective expertise of 3,800+ employees and cross-functional teams.
• Continuous Improvement - invest in technology, training, and M&A to expand capabilities and reach.

• Advisor independence and local offices mean clients receive customized placements rather than one-size-fits-all products.
• Scale enables access to broader markets and specialty carriers for complex or hard-to-place risks.
• Azimuth-driven culture focuses decisions on long-term client outcomes and sustainable growth.

BRP Group, Inc. (BRP) - Overview

• Mission: Deliver indispensable, tailored insurance and risk management solutions to clients, ensuring their needs are met with precision and care.
• Client-centric approach: Offer diversified products and services that empower clients across every lifecycle and risk profile.
• Destination employer: Foster an award-winning culture with recruitment, retention, and development of exceptional people.
• Independent advisors: Maintain a network of fiercely independent, relentlessly competitive risk advisors who are deeply technical ('insurance geeks').
• Innovation & growth: Continuously enhance services, technology, and go-to-market capabilities to meet evolving client needs.

• Be the most trusted and effective partner for complex risk transfer and financial protection solutions across commercial and public sector clients.
• Scale a national platform that combines local market expertise with centralized analytics, technology, and carrier relationships.
• Maintain sustainable, profitable growth while preserving advisor independence and client-first service standards.

• Client Focus - decisions driven by client outcomes and long-term relationships.
• Independence - preserve advisor autonomy to deliver unbiased recommendations.
• Excellence - technical rigor, data-driven underwriting, and claims advocacy.
• Collaboration - cross-disciplinary teams that align brokerage, risk consulting, and claims services.
• Integrity - transparent pricing, ethical placement, and fiduciary stewardship of client interests.

• Invest in analytics, policy benchmarking, and loss-control technology to improve placement outcomes and lower client total cost of risk.
• Scale a national footprint while preserving local-market expertise and advisor independence.
• Enhance talent pipelines and workforce development to sustain BRP as a destination employer.
• Expand complementary service lines (risk consulting, claims advocacy, captive solutions) to deepen client relationships and diversify revenue.

BRP Group, Inc. (BRP) - Mission Statement

• Deliver best-in-class insurance products across personal, commercial, and specialty lines.
• Continuously innovate using analytics and strategic carrier partnerships to lower client cost and coverage gaps.
• Scale responsibly to increase accessibility for underserved markets across the U.S. and internationally.
• Create a workplace where talent thrives, enabling industry-leading retention and productivity.

• Geographic expansion: increase U.S. representation and international presence to improve client accessibility and distribution efficiency.
• Product innovation: add lines addressing evolving lifestyles, business risk profiles, and healthcare funding solutions (e.g., hybrid health funding, captive structures, specialty liability).
• Client scale: represent and service over 600,000 clients across the U.S. and internationally.
• Destination employer: build an award-winning culture powered by exceptional people, supported by competitive total rewards and career development programs.

• Client-first accountability - measurable outcomes and transparent communication.
• Integrity and compliance - rigorous governance, carrier alignment, and ethical underwriting.
• Innovation - leveraging data, automation, and product design to solve real client problems.
• People-centric leadership - investing in development, recognition, and wellbeing.
• Operational excellence - continuous improvement in service speed, claims advocacy, and cost efficiency.

• Targeted M&A and partnership pipeline to accelerate presence in priority U.S. states and select international markets.
• Product incubator program for lifestyle, health funding, and specialty lines to launch 6-8 new offerings within 24 months.
• Technology investments-CRM modernization, analytics platform, and straight-through processing-to improve retention and lower operating expense ratio by 150-300 basis points.
• Employer brand programs: expanded learning & development, DEI goals, and total rewards benchmarking to position BRP as a destination employer.

BRP Group, Inc. (BRP) - Vision Statement

• Integrity - Ethical behavior, transparency, and full accountability in all business dealings; reporting and compliance practices ensure trust among clients, partners, regulators, and employees.
• Collaboration - Cross-functional teamwork and stakeholder engagement; inclusive decision-making that leverages diverse perspectives to accelerate innovation and outcomes.
• Excellence - Rigorous quality standards, customer-centric service delivery, continuous improvement programs, and measurable performance targets to sustain leadership in service quality.
• Innovation - Investment in new technologies, process reinvention, and talent development to adapt to shifting markets and create differentiating solutions.
• Accountability - Clear ownership of goals, transparent metrics, and consequence-linked performance management to ensure commitments are met and learnings are institutionalized.

• Customer Success - Target Net Promoter Score (NPS) improvements, service-level agreements, and satisfaction benchmarks.
• Operational Efficiency - Continuous cost-to-serve optimization and productivity metrics tied to process re-engineering.
• Growth & Innovation - Revenue diversification, new-service rollout cadence, and R&D/technology investment ratios.
• People & Culture - Employee engagement, retention, and representation goals to sustain a high-performance, inclusive organization.
• Governance & Compliance - Strengthened controls, ethical oversight, and stakeholder reporting aligned with Azimuth commitments.

• Integrity: Annual third-party compliance audits, whistleblower hotline utilization metrics, and ethics training completion rates above 98%.
• Collaboration: Cross-business initiatives with quarterly OKRs and a collaboration index tracking inter-team project success.
• Excellence: ISO-aligned quality processes, client SLA attainment >95%, and continuous improvement projects targeting 12-15% productivity gains.
• Innovation: A staged-gate product pipeline with time-to-market targets, pilot-to-scale conversion rates, and patent/IP filings where applicable.
• Accountability: Clear KPIs cascaded through scorecards, quarterly performance reviews, and transparent stakeholder reporting tied to Azimuth commitments.