Page 1

BRP EXHIBIT 99.1 BRP GROUP , INC . ANNOUNCES FIRST QUARTER 2021 RESULTS - First Quarter 2021 Revenue Grew 182 % Year - Over - Year to $ 152.8 Million - - First Quarter 2021 Organic Revenue Growth of 14 % - TAMPA , FLORIDA - May 10 , 2021 - BRP Group , Inc. ( " BRP Group ” or the “ Company ” ) ( NASDAQ : BRP ) , a rapidly growing independent insurance distribution firm announced its results for the first quarter ended March 31 , 2021 . FIRST QUARTER 2021 HIGHLIGHTS AND SUBSEQUENT EVENT UPDATE • • • Revenue increased 182 % year - over - year to $ 152.8 million • Pro Forma Revenue ( ¹ ) grew 171 % year - over - year to $ 153.3 million Organic Revenue Growth ( 2 ) was 14 % year - over - year " MGA of the Future ” revenue grew 56 % year - over - year to $ 17.2 million GAAP net income of $ 30.6 million and GAAP diluted earnings per share attributable to BRP Group of $ 0.32 Adjusted Net Income ( 3 ) of $ 42.5 million , or $ 0.44 ( 3 ) per fully diluted share Net income margin of 20 % , compared to 9 % in the prior - year period • Adjusted EBITDA ( 4 ) grew 276 % to $ 52.7 million , compared to $ 14.0 million in the prior - year period Adjusted EBITDA Margin ( 4 ) of 35 % , compared to 26 % in the prior - year period Pro Forma Adjusted EBITDA ( 5 ) of $ 52.8 million and Pro Forma Adjusted EBITDA Margin ( 5 ) of 34 % “ MGA of the Future ” policies in force grew by 41,744 to 566,114 at March 31 , 2021. Comparatively , in the first quarter 2020 , policies in force grew sequentially by 26,929 ( 6 ) Closed two Partner acquisitions during the first quarter 2021 that generated total annualized revenue ( 6 ) of approximately $ 4.0 million for the 12- month period pre - acquisition ; subsequent to March 31 , 2021 , closed three Partner acquisition that generated total annualized revenue of approximately $ 4.6 million for the 12 - month period pre - acquisition " Momentum from 2020 carried nicely into the first quarter of 2021 , as we nearly tripled total revenues on a year - over - year basis to $ 152.8 million , while continuing to deliver double - digit organic growth , ” said Trevor Baldwin , Chief Executive Officer of BRP Group . “ In the first quarter , we saw excellent performances from our late 2020 acquisitions of three of Business Insurance's Top 100 largest U.S. brokers , as well as continued rapid expansion of our ' MGA of the Future ' platform . Most importantly , March was the strongest month of the first quarter and we saw further acceleration across the business into April and early May . " 1