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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BRP Group's retained earnings for the quarter that ended in Dec. 2023 was $-187 Mil.
BRP Group's quarterly retained earnings declined from Jun. 2023 ($-135 Mil) to Sep. 2023 ($-152 Mil) and declined from Sep. 2023 ($-152 Mil) to Dec. 2023 ($-187 Mil).
BRP Group's annual retained earnings declined from Dec. 2021 ($-55 Mil) to Dec. 2022 ($-97 Mil) and declined from Dec. 2022 ($-97 Mil) to Dec. 2023 ($-187 Mil).
The historical data trend for BRP Group's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BRP Group Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | -8.65 | -24.35 | -54.99 | -96.76 | -186.91 |
BRP Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | -96.76 | -110.90 | -134.79 | -152.42 | -186.91 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
BRP Group (NAS:BRP) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Bradford Hale | officer: Chief Accounting Officer | 4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607 |
John A. Valentine | officer: Chief Partnership Officer | 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607 |
Laura Sherman | 10 percent owner, other: Member of 10% owner group | 4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607 |
Lowry Baldwin | director, officer: Chairman | 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607 |
Daniel Galbraith | officer: Chief Operating Officer | 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607 |
Trevor Baldwin | director, officer: Chief Executive Officer | 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607 |
Kristopher Aaron Wiebeck | officer: Chief Financial Officer | 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607 |
Seth Bala Cohen | officer: General Counsel | C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607 |
Sathish Muthukrishnan | director | 601 S. TRYON STREET, CHARLOTTE NC 28202 |
Baldwin Insurance Group Holdings, Llc | 10 percent owner, other: Member of 10% owner group | 4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607 |
Ellyn Shook | director | C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601 |
Myron K Williams | director | C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607 |
Sunita Parasuraman | director | C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607 |
Jay A Cohen | director | C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607 |
Galloway Corbyn N. | officer: Chief Accounting Officer | C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607 |
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