Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to BRP Group, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share is computed giving effect to all potentially dilutive shares of Class B common stock.

The shares of Class B common stock do not share in the earnings or losses attributable to BRP Group, and therefore, are not participating securities. Accordingly, a separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been included. The 43,544,362 shares of Class B common stock have been excluded in computing diluted net earnings per share because including them on an “if-converted” basis would have an anti-dilutive effect.

The following is a calculation of the basic and diluted weighted-average number of shares of Class A common stock outstanding and earnings per share for the three months ended March 31, 2020.



(in thousands, except per share data)	For the Three Months Ended March 31, 2020
Basic earnings per share:
Net income attributable to BRP Group, Inc.	$	1,468
Shares used for basic earnings per share:
Weighted-average shares of Class A common stock outstanding - basic	19,482
Basic earnings per share	$	0.08

Diluted earnings per share:
Net income attributable to BRP Group, Inc.	$	1,468
Shares used for diluted earnings per share:
Weighted-average shares of Class A common stock outstanding	19,482
Dilutive effect of unvested restricted shares of Class A common stock	334
Weighted-average shares of Class A common stock outstanding - diluted	19,816
Diluted earnings per share	$	0.07