BWIN

Baldwin Insurance Group, Inc.
—

Company Information

Company Name
Baldwin Insurance Group, Inc.
CIK
CIK0001781755
Category
Large accelerated filer
Ticker: Exchange
BWIN: Nasdaq
Fiscal Year End
December 31
Owner Organization
02 Finance
SIC
6411
SIC Description
Insurance Agents, Brokers & Service
Ticker
BWIN

SEC filing data through

Insider Sentiment

Last purchase
2026-03-03
Last sale
2026-05-14
Shares purchased (TTM)
25,200
Shares sold (TTM)
644,819
Buy ratio (TTM)3.8%

Institutional Sentiment

As of
2026-06-30
Institutional shares owned
114,605,549
Shares outstanding
92,761,000
Ownership
123.55%
-21.12% Y/Y

Earnings Market Reaction

Filing date
2026-07-30
Price on filing date
—
1-month reaction
19.52%
3-month reaction
…
Drift continued4/11 (36%)
Faded / reversed7/11 (64%)

Balance Sheet

Values in millions ($)
Line item2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-30Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnTrend
Assets Current
Restricted Cash Current------165163152122105115
Premiums Receivable At Carrying Value782670497416491408419656763702628595
Assets Of Disposal Group Including Discontinued Operation Current------000064-
Property Plant And Equipment Net333123212122222122232324
Liabilities Current
Business Combination Contingent Consideration Liability Current12111591774514320120423021598
Liabilities Of Disposal Group Including Discontinued Operation Current------000044-
Long Term Line Of Credit--107---000334341324
Line Of Credit302191-66112-------
Secured Long Term Debt2,1512,1531,5661,5681,4951,4961,3981,3991,400967968970
Business Combination Contingent Consideration Liability Noncurrent2262201411103336661176
Deferred Income Tax Liabilities Net55----------
Other Liabilities Noncurrent1291280000000000
Mezzanine Equity
Redeemable Noncontrolling Interest Equity Carrying Amount111100000000
Stockholders Equity
Additional Paid In Capital1,2471,235844837831816794786773763747743
Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock----------00
Retained Earnings Accumulated Deficit-368-275-245-219-201-197-211-191-183-165-187-152
Accumulated Other Comprehensive Income Loss Net Of Tax5301--0-----
Stockholders Equity8849646006206311,0485835951,0435985601,074
Minority Interest537587484508419428425441452473458483
Liabilities And Stockholders Equity6,1755,9433,8623,7943,7393,5493,5353,5393,6803,5103,5023,423
Variable Interest Entity Primary Beneficiary22-4--------
Common Class A-197001700116501
Common Class B-2450-0-1480-1-1520-1
Cash And Cash Equivalents At Carrying Value18414612490106829018220811211679
Prepaid Expense And Other Assets Current202114181517121314151312
Assets Current1,8461,5941,2001,1061,2401,0561,0261,0141,137951926802
Operating Lease Right Of Use Asset828362646771727579838589
Other Assets Noncurrent1119682696549484744403842
Intangible Assets Net Excluding Goodwill1,4501,4859781,0179269389539699851,0001,0171,045
Goodwill2,6522,6521,5171,5161,4211,4121,4121,4121,4121,4121,4121,422
Assets6,1755,9433,8623,7943,7393,5493,5353,5393,6803,5103,5023,423
Accrued Sales Commission Current979351697287737174866466
Accounts Payable And Accrued Liabilities Current294286253222158157161164132132145131
Notes Payable Current--0000666622
Accrued Bonuses Current And Noncurrent--0011833---8-
Liabilities Current1,7211,4741,0339601,0079331,0561,0321,1561,0531,033798
Operating Lease Liability Noncurrent757558616468696974787982
Liabilities4,7534,3912,7782,6662,6892,5002,5262,5022,6372,4382,4832,350

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Baldwin Insurance Group, Inc. (BWIN) — SEC Financial Statements & Analysis

Baldwin Insurance Group, Inc. (BWIN) is a insurance agents, brokers & service company, incorporated in DE. Baldwin Insurance Group, Inc. trades on Nasdaq as: BWIN. Baldwin Insurance Group, Inc. (BWIN)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-30. Based on that filing, Baldwin Insurance Group, Inc. carries a market cap of $2.47B, a P/E ratio of -28.84x, a P/B ratio of 2.79x, a P/S ratio of 1.42x, an enterprise value of $4.01B, and an EV/EBITDA multiple of -35.91x. On profitability, it posts a gross margin of 46.33%, an operating margin of -6.89%, a net margin of -4.92%, a Return on Equity (ROE) of -11.28%, a Return on Assets (ROA) of -1.72%, and a Return on Invested Capital (ROIC) of -2.71%. Per share, it reports EPS of $-0.92, diluted EPS of $-0.92, free cash flow per share of $0.47, and a dividend per share of $0.00. Over the trailing year, it posted revenue growth of 19.09% year-over-year, net income growth of 381.19% year-over-year, and EPS growth of 252.80% year-over-year. On the balance sheet, it maintains a current ratio of 1.07x, a quick ratio of 1.06x, working capital of $125.53M, a debt-to-equity ratio of 5.37x, a debt ratio of 0.77, an interest coverage ratio of -0.83x, free cash flow of $43.71M (TTM), and net debt of $1.54B. Figures sourced from SEC EDGAR.

Market Cap
$2.47B
P/E TTM
-28.84x
EPS TTM
$-0.92
P/B TTM
2.79x
ROE TTM
-11.28%
ROA TTM
-1.72%
Debt To Equity
5.37x
Free Cash Flow TTM
$43.71M
Net Revenue TTM Growth 1Y
19.09%

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Baldwin Insurance Group, Inc. in?

Baldwin Insurance Group, Inc. (BWIN) operates in the Insurance Agents, Brokers & Service industry.

What exchange does BWIN trade on?

Baldwin Insurance Group, Inc. (BWIN) trades on the Nasdaq.

Where is Baldwin Insurance Group, Inc. incorporated?

Baldwin Insurance Group, Inc. is incorporated in DE.

When was Baldwin Insurance Group, Inc. (BWIN)'s most recent SEC filing?

Baldwin Insurance Group, Inc. (BWIN)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-30.

What is BWIN's market cap?

Baldwin Insurance Group, Inc. (BWIN) has a market capitalization of $2.47B as of 2026-06-30.

What is BWIN's EPS (earnings per share)?

Baldwin Insurance Group, Inc. (BWIN)'s trailing twelve month EPS is $-0.92 as of 2026-06-30.

What is BWIN's ROE (return on equity)?

Baldwin Insurance Group, Inc. (BWIN)'s trailing twelve month Return on Equity (ROE) is -11.28% as of 2026-06-30.

What is BWIN's ROA (return on assets)?

Baldwin Insurance Group, Inc. (BWIN)'s trailing twelve month Return on Assets (ROA) is -1.72% as of 2026-06-30.

What is BWIN's ROIC (return on invested capital)?

Baldwin Insurance Group, Inc. (BWIN)'s trailing twelve month Return on Invested Capital (ROIC) is -2.71% as of 2026-06-30.

What is BWIN's EV/EBITDA?

Baldwin Insurance Group, Inc. (BWIN)'s trailing twelve month EV/EBITDA is -35.91x as of 2026-06-30.

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