Earnings (Loss) Per Share (Notes)

6 Months Ended

Jun. 30, 2020

Earnings (Loss) Per Share

Basic earnings (loss) 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 (loss) 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 45,458,763 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. In addition, the 398,024 shares of unvested restricted Class A common stock were excluded from the diluted calculation, as their inclusion would have been anti-dilutive as the Company was in a net loss position.

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 and six months ended June 30, 2020.



(in thousands, except per share data)	For the Three Months Ended June 30, 2020			For the Six Months Ended June 30, 2020
Basic and diluted net loss per share:
Net loss attributable to BRP Group, Inc.	$	(3,588	)	$	(2,120	)
Shares used for basic net loss per share:
Basic and diluted weighted-average shares of Class A common stock outstanding	20,426			19,960
Basic and diluted net loss per share	$	(0.18	)	$	(0.11	)