The Baldwin Insurance Group, Inc.

The Baldwin Insurance Group, Inc.

BWIN
The Baldwin Insurance Group, Inc.US flagNASDAQ Global Market
19.10
USD
-0.38
- -
1.43BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.17
1.86
7.53
8.53
11.77
17.06
20.08
21.69
21.91
21.48
Basic EPS, GAAP
0.04
-0.01
-0.48
-0.58
-0.64
-0.74
-1.5
-0.39
-0.5
-0.61
Free Cash Flow per Basic Share
0.2
0.28
0.67
1.35
0.84
-0.04
- -
0.81
-0.43
0.38
Dividend per Share
0.17
0.23
0.59
- -
- -
- -
0.01
- -
- -
- -
Book Value per Share
-1
-1.5
-0.47
-0.88
-1.14
-1.69
-3.1
-3.32
-3.6
-3.66
Tangible Book Value per Share
-1.27
-2.64
-1.1
-16.04
-20.71
-24.32
-23.46
-21.39
-20.77
-34.53
Basic Weighted Avg Shares
40
42
18
27
48
57
60
63
68
75
Sales/Revenue/Turnover
47
79
135
232
560
969
1,208
1,376
1,488
1,608
Operating Margin (%)
13.13
13.64
4.27
-0.61
2.42
0.12
1.53
4.05
5.34
-5.21
Depreciation Expense
1
3
11
20
52
86
98
109
128
157
Net Income, GAAP
2
-1
-9
-16
-31
-42
-90
-25
-34
-45
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
3.6
-0.79
-6.41
-6.77
-5.47
-4.31
-7.46
-1.78
-2.27
-2.82
Working Capital
-4
5
60
85
38
73
-108
-30
167
120
LT Debt
24
72
40
381
921
1,403
1,388
1,467
1,731
2,419
Total Equity
-16
-17
237
770
1,188
1,140
1,019
1,009
1,084
1,552
Return on Invested Capital (%)
- -
31.95
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
7.97
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
45
40
154
LT Borrowings
1,634
1,673
2,344
LT Finance Leases
61
58
75
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
71
72
97
Market Capitalization
1,886
1,632
1,643

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,106
1,200
1,594
Cash, Cash Equivalents & STI
90
124
146
Accounts Receivable, Net
346
342
448
Inventories
- -
- -
- -
Total Current Liabilities
960
1,033
1,474
Payables & Accruals
118
838
192
ST Debt
45
40
154
Deferred Revenue
39
38
41

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.22%
7.49%
Free Cash Flow
- -
22,279.63%
-157.17%
Net Income, GAAP
- -
42.49%
37.91%
Sales/Revenue/Turnover
- -
52.3%
8.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
378
339
336
323
1,376
2025
409
374
363
343
1,488
2026
528
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
-0.28
-0.13
-0.31
-0.39
2025
0.21
-0.05
-0.27
-0.37
-0.5
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Trevor Lowry Baldwin
Full Time Employees
4,000
Sector
Financial Services
Industry
Insurance - Brokers
Address
4211 W. Boy Scout Blvd. Tampa FL United States of America 33607
IPO Date
Oct 24, 2019
Business
The Baldwin Insurance Group, Inc. operates as a prominent independent insurance distribution enterprise, delivering comprehensive insurance and risk management solutions across the United States. The firm is structured into three primary divisions: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment offers commercial risk guidance, employee benefits programs, and sophisticated private risk management services for both businesses and affluent individuals, along with their families. The Underwriting, Capacity & Technology Solutions segment encompasses the Future platform, which generates a suite of technologically advanced insurance offerings spanning personal, commercial, and specialized lines; a dedicated specialty wholesale brokerage serving professionals, individuals, and niche industries; and reinsurance brokerage services. This segment also includes initiatives like embedded insurance platforms, partnering with homebuilders and mortgage originators. The Mainstreet Insurance Solutions segment provides essential personal, commercial, and life and health insurance coverage to individuals and local businesses. The company, previously known as BRP Group, Inc., officially adopted the name The Baldwin Insurance Group, Inc. in May 2024, with its ticker symbol changing to BWIN on NASDAQ on May 20, 2024. Established in 2011, The Baldwin Insurance Group, Inc. is headquartered in Tampa, Florida. The company serves over two million clients nationwide and internationally.

Company News

APIChat
  • The Baldwin Group to Participate in the 46th Annual William Blair Growth Stock Conference

  • Baldwin Insurance: Growth Set To Accelerate Despite AI Fears

  • D&O Insurance Market Continues to Stabilize as Premiums Moderate, Finds The Baldwin Group and Nasdaq Study

  • The Baldwin Group Q1 2026 Market Pulse: Insurance Market Fragments as Property Softens and Casualty Pressures Persist

  • Artisan Small Cap Fund Q1 2026 Portfolio Activity

  • The Baldwin Insurance Group, Inc. (BWIN) Q1 2026 Earnings Call Transcript

  • The Baldwin Insurance Group (BWIN) Reports Q1 Earnings: What Key Metrics Have to Say

  • The Baldwin Insurance Group (BWIN) Lags Q1 Earnings Estimates

  • The Baldwin Group Announces First Quarter 2026 Results

  • The Baldwin Group Announces Expanded Enterprise Relationship with Anthropic to Accelerate Scaled Deployment of Advanced AI Across Insurance Operations

  • MSI Launches Standalone Canine Liability Insurance for Landlords and Property Managers

  • The Baldwin Group to Report First Quarter 2026 Results on Monday, May 4, 2026

  • Head to Head Survey: Baldwin Insurance Group (NASDAQ:BWIN) versus Security National Financial (NASDAQ:SNFCA)

  • NNGRY vs. BWIN: Which Stock Should Value Investors Buy Now?

  • The Baldwin Group Launches Azimuth Re, Ltd., a Member-Owned Group Captive for Construction Leaders

  • NNGRY or BWIN: Which Is the Better Value Stock Right Now?

  • Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Rating of “Hold” by Brokerages

  • Westwood Insurance Agency Collaborates with CBH Homes to Enhance the Homebuyer Insurance Experience

  • NNGRY or BWIN: Which Is the Better Value Stock Right Now?

  • Baldwin Insurance Group Touts Post-IPO Surge, New Deals and AI Push as Pricing Turns Competitive