BRP Group, Inc. (NASDAQ:BRP) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET

Company Participants

Bonnie Bishop - Executive Director, IR

Trevor Baldwin - CEO & Director

Bradford Hale - CFO

Conference Call Participants

Meyer Shields - KBW

Elyse Greenspan - Wells Fargo Securities

Adam Klauber - William Blair & Company

Pablo Singzon - JPMorgan Chase & Co.

Joshua Shanker - Bank of America Merrill Lynch

Weston Bloomer - UBS

Operator

Greetings, and welcome to the BRP Group, Inc. First Quarter 2023 Earnings Call. [Operator Instructions].

It is now my pleasure to introduce your host, Bonnie Bishop, Executive Director of Investor Relations. Please go ahead, ma'am.

Bonnie Bishop

Thank you, operator. Welcome to the BRP Group's First Quarter of 2023 Earnings Call. Today's call is being recorded. First quarter financial results, supplemental information and Form 10-Q were issued earlier this afternoon and are available on the company's website at ir.baldwinriskpartners.com.

Please note that remarks made today may include forward-looking statements subject to various assumptions, risks and uncertainties. The company's actual results may differ materially from those contemplated by such statements. For a more detailed discussion, please refer to the note regarding forward-looking statements in the company's earnings release and to our most recent Form 10-Q, both of which are available on the BRP website.

During the call today, the company may also discuss certain non-GAAP financial measures. For a more detailed discussion on these non-GAAP financial measures and historical reconciliations to the most closely comparable GAAP measures, please refer to the company's earnings release and supplemental information, both of which have been posted on the company's website at ir.baldwinriskpartners.com.

Also, I would like to remind everyone that effective January 1, 2023, and as reflected in our reporting for the quarter, BRP now operates with 3 segments versus the 4 we have reported on historically, as our legacy Medicare segment was merged into Mainstreet Insurance Solutions. Additionally, our legacy Middle Market segment has been rebranded to Insurance Advisory Solutions, and our legacy Specialty segment has been rebranded to Underwriting, Capacity & Technology Solutions.

I will now turn the call over to Trevor Baldwin, Chief Executive Officer of BRP Group.

Trevor Baldwin

Thanks, Bonnie. Good afternoon, everyone, and thank you for joining our first quarter earnings call. I will start with a few remarks, followed by Brad who will address select financial and business highlights from the quarter, then Brad, Chris and I will answer questions.