BRP Group, Inc. (NASDAQ:BRP) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET

Company Participants

Bonnie Bishop - Executive Director, Investor Relations

Trevor Baldwin - Chief Executive Officer

Brad Hale - Chief Financial Officer

Kris Wiebeck - Chief Strategy Officer

Conference Call Participants

Greg Peters - Raymond James

Elyse Greenspan - Wells Fargo

Pablo Singzon - JPMorgan

Michael Phillips - Morgan Stanley

Meyer Shields - KBW

Josh Shanker - Bank of America

Yaron Kinar - Jefferies

Weston Bloomer - UBS

Operator

Ladies and gentlemen, greetings, and welcome to the BRP Group, Inc. Second Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I will now turn the conference over to Bonnie Bishop, Executive Director of Investor Relations. Please go ahead.

Bonnie Bishop

Thank you, operator. Welcome to the BRP Group second quarter 2022 earnings call. Today's call is being recorded. Second 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 of these risk factors, please refer to the note regarding forward-looking statements in the company's earnings release for this quarter and to our most recent 10-K and subsequent periodic filings, including our most recent Form 10-Q, all of which are available on the BRP website.

During the call today, the company may also discuss certain non-GAAP financial measures. For a reconciliation of these measures to the most closely comparable GAAP measures, please refer to the company's earnings announcement and supplemental information, both of which have been posted on the company's website at ir.baldwinriskpartners.com and can be found in the company's SEC filings.

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

Trevor Baldwin

Thank you, Bonnie, and good afternoon, everyone, and thank you for joining us for our second quarter of 2022 earnings call. During the call, I will share a few brief remarks, followed by Brad, who will address select financial and business highlights in the quarter and then Brad, Kris, and I will take questions.

In short, Q2 was an excellent quarter, highlighted by organic growth of 24% and double-digit organic growth across all 4 segments. This sustained level of outsized organic growth is being powered by some of the strongest internal underlying fundamental growth drivers we have seen since our IPO. The MGA of the Future posted its best quarter in our history as a public company with organic growth of 70%, and MainStreet recorded organic growth of 33% for the quarter. Both results show that the investment initiatives we've highlighted during the last several quarters are beginning to bear fruit.