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BRP EXHIBIT 99.1 BRP GROUP , INC . ANNOUNCES SECOND QUARTER 2021 RESULTS - Second Quarter 2021 Revenue Grew 133 % Year - Over - Year to $ 119.7 Million - - Second Quarter 2021 Organic Revenue Growth of 32 % - TAMPA , FLORIDA - August 9 , 2021 - BRP Group , Inc. ( " BRP Group " or the " Company " ) ( NASDAQ : BRP ) , an independent insurance distribution firm announced its results for the second quarter ended June 30 , 2021 . SECOND QUARTER 2021 HIGHLIGHTS AND SUBSEQUENT EVENTS • Revenue increased 133 % year - over - year to $ 119.7 million • Pro Forma Revenue ( ¹ ) grew 115 % year - over - year to $ 120.2 million • • Organic Revenue Growth ( 2 ) was 32 % year - over - year " MGA of the Future ” revenue grew 52 % year - over - year to $ 20.0 million GAAP net loss of $ 20.1 million and GAAP loss per share attributable to BRP Group of $ 0.22 Adjusted Net Income ( 3 ) of $ 13.3 million , or $ 0.14 ( 3 ) per fully diluted share Adjusted EBITDA ( 4 ) grew 143 % to $ 20.4 million , compared to $ 8.4 million in the prior - year period Adjusted EBITDA Margin ( 4 ) of 17 % , compared to 16 % in the prior - year period Pro Forma Adjusted EBITDA ( 5 ) of $ 20.5 million and Pro Forma Adjusted EBITDA Margin ( 5 ) of 17 % " MGA of the Future ” policies in force grew by 39,181 to 605,295 at June 30 , 2021. Comparatively , in the second quarter 2020 , policies in force grew sequentially by 44,468 Closed three Partner acquisitions during the second quarter 2021 that generated total revenue ( 6 ) of approximately $ 4.6 million for the 12 - month period pre - acquisition ; subsequent to June 30 , 2021 , closed five Partner acquisitions that generated total revenue ( 6 ) of approximately $ 63.9 million for the 12 - month period pre - acquisition " The power of our business model and overall growth strategy was evident in the second quarter , as we more than doubled revenue on a year - over - year basis to $ 119.7 million , while we generated our best quarterly organic growth as a public company , " said Trevor Baldwin , Chief Executive Officer of BRP Group . " Our excellent performance was widespread across our company , including another quarter of strong growth from our ‘ MGA of the Future ' platform as it climbed over the 600,000 mark in policies in force , and valuable contributions from our recent large Partnership acquisitions . We also made significant progress in strengthening our balance sheet and executing on our deep pipeline of Partnership opportunities , including the acquisition of RogersGray on July 1 , 2021 , another of Business Insurance's Top 100 largest U.S. brokers . We believe we remain in prime position to generate rapid and sustainable growth and deliver additional long - term shareholder value . " 1