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NASDAQ · INSURANCE AGENTS, BROKERS & SERVICE · LARGE CAP

Baldwin Insurance Group, Inc. BWIN

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.5B
▲ 8.3% YoY
$-33.8M
$-68.9M
▼ 762.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Baldwin is an independent insurance distribution firm. Its core products include commercial property and casualty insurance, employee benefits insurance, personal lines insurance, wealth management and retirement services, and Medicare. It represents over three million clients across the United States and internationally. Its team comprises approximately 5,000 colleagues, including approximately 900 risk advisors, and it has approximately 125 offices in 24 states. Baldwin's business is divided into three operating groups: Insurance Advisory Solutions, Underwriting, Capacity & Technology Solutions and Mainstreet Insurance Solutions.

Written from the business description in The Baldwin Insurance Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.5B
Revenue, FY2025 · full 8-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.5 · Net income -0.0
1B2B
2018202120242025
Compound annual growth
+15.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 4.9% · Net -3.6%
2%4%-5%-10%
201820212025
ROE
FY2025 · ROE -5.7%
-5%-10%-15%
201820212025
Three returns, three denominators.

Each USD of equity lost 6 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -68.9
15.0M30.0M-25.0M-50.0M
201820212025

Total assetsUSD 3.9B
EquityUSD 600.2M
CashUSD 123.7M
Gross debtUSD 1.6B
Net debtUSD 1.5B
Current ratio1.16×

Net debt stands at 245% of equity.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
BWIN, 8-year financial record
Metric 20252024202320222021202020192018
Revenue $B1.51.41.21.00.6◌◌◌
Operating income $B0.10.1−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B0.20.20.10.10.0−0.00.00.0
Income tax $B0.00.00.00.00.0−0.00.00.0
Net income $B−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.10.0−0.0−0.00.00.00.00.0
EPS, diluted $−0.50−0.39−1.50−0.74−0.64−0.58◌◌
Dividend / sh $◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————
ROE %−5.7−4.3−15.4−6.9−6.3−7.1——

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 22 checks were skipped: the balance sheet is not tagged before 2018. 13 checks were skipped: EPS is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityInsurance Agents, Brokers & Service
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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