The Baldwin Insurance Group, Inc.

The Baldwin Insurance Group, Inc.

BWIN · NASDAQ · Financial Services / Insurance Brokers

32.05USD+0.01 (+0.03%)

Price History

Full chart

Market Stats

Previous Close32.04
Open32.04
Day Range32.03 – 32.10
52-Week Range15.88 – 32.71
Volume644.87K
Market Cap3.08B
P/E (TTM)0.00
Forward P/E12.30
EPS-1.05
Dividend Yield0.00%
Beta1.03
50-Day Avg29.79
200-Day Avg24.12

About

The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. The company operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. Its Insurance Advisory Solutions segment provides private risk management, commercial risk management, employee benefits, and Medicare insurance solutions for businesses and high-net-worth individuals, as well as their families. The Underwriting, Capacity & Technology Solutions segment offers MGA platform, that manufactures technology-enabled insurance product suite comprises personal, commercial, and professional lines. Its Mainstreet Insurance Solutions segment provides personal insurance, commercial insurance, and life and health solutions to individuals and businesses in communities, as well as offers reinsurance brokerage; and consultation for government assistance programs and solutions, including traditional Medicare and Medicare advantage and affordable care act to seniors and eligible individuals through a network of primarily independent contractor agents. The company was formerly known as BRP Group, Inc. and changed its name to The Baldwin Insurance Group, Inc. in May 2024. The Baldwin Insurance Group, Inc. was founded in 2011 and is headquartered in Tampa, Florida.

Company Details

  • SectorFinancial Services
  • IndustryInsurance Brokers
  • CEOMr. Daniel Galbraith
  • Employees5.00K
  • Headquarters4211 West Boy Scout Blvd., Tampa, FL, United States, 33607, USA
  • Websitehttps://www.baldwin.com

Leadership

  • Mr. L. Lowry BaldwinCo-Founder & Chairman · b. 1959
  • Mr. Daniel GalbraithPresident & CEO of Retail Brokerage Operations · b. 1981
  • Ms. Elizabeth H. KrystynCo-Founder
  • Ms. Laura Rice ShermanCo-Founder
  • Ms. Bonnie BishopExecutive Director of Investor Relations
  • Mr. Richard C. TalloChief Marketing Officer
  • Ms. Erin KingChief Colleague Officer
  • Mr. Austin RockPresident of Capacity Solutions
  • Mr. David SmithPresident & Executive Operating Officer of Mainstreet Insurance Solutions · b. 1965
  • Mr. Michael C. RobinsonRegional President of RogersGray

Financials

Income Statement

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue47.34M78.84M134.91M231.68M559.97M969.49M1.21B1.38B1.50B
Growth (%)-+66.55%+71.12%+71.72%+141.70%+73.13%+24.57%+13.95%+9.35%
Cost of Revenue30.81M51.65M96.95M174.11M400.05M719.45M911.35M1.03B1.31B
Gross Profit16.53M27.19M37.96M57.56M159.92M250.05M296.38M344.19M191.98M
Gross Margin34.93%34.49%28.14%24.85%28.56%25.79%24.54%25.01%12.76%
Operating Expense10.72M17.66M43.03M79.50M191.55M281.14M338.94M283.55M82.63M
Operating Income5.81M9.53M-5.07M-21.94M-31.63M-31.10M-42.55M60.65M109.35M
Operating Margin12.28%12.09%-3.76%-9.47%-5.65%-3.21%-3.52%4.41%7.27%
EBITDA7.65M13.85M16.31M18.75M65.08M87.57M116.93M164.62M196.83M
EBITDA Margin16.16%17.56%12.09%8.09%11.62%9.03%9.68%11.96%13.08%
Net Income1.70M-624.00K-8.65M-15.70M-30.65M-41.77M-90.14M-24.52M-33.81M
Net Income Margin3.60%-0.79%-6.41%-6.77%-5.47%-4.31%-7.46%-1.78%-2.25%
R&D0.080.030.160.120.10.080.13--
R&D as % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense1.91M6.63M10.64M7.86M26.90M71.07M119.47M-121.43M
Interest Expense % of Total Revenue4.03%8.40%7.89%3.39%4.80%7.33%9.89%-8.07%

Balance Sheet

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets524.98K527.00K398.77M1.53B2.88B3.46B3.50B3.53B3.86B
Total Liabilities96.77M270.14M161.49M759.95M1.69B2.32B2.48B2.53B2.78B
Total Equity44.98M139.91M73.28M367.78M608.38M608.10M560.41M583.22M600.22M
Cash3.12M8.00M67.69M108.46M138.29M118.09M116.21M148.12M123.67M
Total Debt671.39K1.20M42.84M391.48M1.04B1.47B1.63B1.64B1.77B
Net Debt-2.45M-6.80M-24.85M283.01M900.31M1.36B1.52B1.49B1.65B

Cash Flow

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow8.02M11.79M12.01M36.82M40.13M-2.46M44.64M102.15M-29.42M
Investing Cash Flow-13.52M-42.31M-101.02M-677.81M-678.47M-414.36M-21.92M13.30M-140.28M
Financing Cash Flow3.98M35.38M152.08M711.94M724.06M419.55M-26.23M-29.64M203.82M
Capital Expenditure431.20K525.34K1.72M5.47M5.32M21.98M21.38M41.05M39.53M
Free Cash Flow7.58M11.27M10.30M31.35M34.81M-24.44M23.27M61.10M-68.94M
Dividends Paid4.00M5.50M10.55M000385.00K264.00K-
FCF to OCF94.62%95.55%85.70%85.15%86.74%992.73%52.12%59.82%234.36%
Dividend Paid to FCF52.74%48.81%102.46%0.00%0.00%0.00%1.65%0.43%-

Earnings

Report DateSep 23, 2019Dec 2, 2019Mar 24, 2020May 13, 2020Aug 13, 2020Nov 12, 2020Mar 11, 2021May 10, 2021Aug 9, 2021Nov 8, 2021Mar 1, 2022May 10, 2022Aug 9, 2022Nov 7, 2022Feb 28, 2023May 9, 2023Aug 9, 2023Nov 7, 2023Mar 4, 2024May 7, 2024Aug 6, 2024Nov 4, 2024Feb 26, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 26, 2026May 4, 2026Jul 30, 2026Nov 3, 2026
EPS Estimate0.000.060.060.100.080.100.060.400.090.110.100.510.190.160.100.410.270.270.110.520.330.340.260.650.420.310.170.630.280.26
EPS Actual0.030.05-0.150.190.100.11-0.110.440.140.110.100.500.230.180.120.420.270.290.140.560.340.33-0.310.650.420.310.030.630.28-
Surprise--16.67%-350.00%90.00%25.00%10.00%-283.33%10.00%55.56%0.00%0.00%-1.96%21.05%12.50%20.00%2.44%0.00%7.41%27.27%7.69%3.03%-2.94%-221.71%0.00%0.00%0.00%-82.35%0.00%0.00%-
Timing-After-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.08B
Enterprise Value6.96B
Trailing P/E0.00
Forward P/E12.30
Price / Sales1.77
Price / Book3.49
EPS-1.05
Book Value9.18
Revenue (TTM)1.74B
Gross Profit (TTM)543.28M
EBITDA116.62M
Profit Margin-4.68%
Operating Margin2.00%
Return on Equity-10.66%
Return on Assets-0.91%
Shares Outstanding96.84M
Shares Float75.15M
Beta1.03
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 8 analystsTarget 32.75
  • Strong Buy
    3
  • Buy
    2
  • Hold
    2
  • Strong Sell
    1

Ownership Breakdown

Institutions
98.01%
Insiders
2.57%
Retail / Other
0.00%

Top Institutional Holders

  • FMR Inc
    13.95M14.41%
  • William Blair Investment Management, LLC
    6.73M6.95%
  • BlackRock Inc
    6.65M6.87%
  • Bank of New York Mellon Corp
    3.92M4.05%
  • Vanguard Portfolio Management, LLC
    3.48M3.59%
  • Vanguard Capital Management, LLC
    3.46M3.58%
  • BAMCO Inc
    2.71M2.80%
  • Westwood Holdings Group Inc
    2.58M2.66%
  • State Street Corp
    2.47M2.55%
  • Geode Capital Management, LLC
    2.15M2.22%
  • Frontier Capital Management CO Inc
    2.10M2.17%
  • Delaware Management Holdings Inc
    1.98M2.04%
  • Morgan Stanley - Brokerage Accounts
    1.80M1.86%
  • Capital Research & Mgmt Co - Division 3
    1.69M1.75%
  • Annis Gardner Whiting Capital Advisors LLC
    1.58M1.63%
  • T. Rowe Price Investment Management,Inc.
    1.57M1.62%

Top Fund Holders

  • Strategic Advisers Fidelity US TtlStk
    3.71M2.65%
  • American Funds SMALLCAP World A
    2.92M2.08%
  • Baron Small Cap Retail
    2.70M1.93%
  • iShares Russell 2000 ETF
    2.52M1.80%