What is The Baldwin Insurance Group, Inc.'s market cap?

The Baldwin Insurance Group, Inc. (BWIN) has a market capitalization of $2.7B and trades on NASDAQ.

What is The Baldwin Insurance Group, Inc.'s revenue and profitability?

The Baldwin Insurance Group, Inc. generated $1.6B in trailing twelve-month revenue with a net loss of $45.4M, representing a net margin of -2.8%, with free cash flow of -$119.8M. These figures are based on the Q1 2026 filing.

Who are The Baldwin Insurance Group, Inc.'s competitors?

The Baldwin Insurance Group, Inc.'s key competitors include Arthur J. Gallagher & Co., Brown & Brown, Inc., Aon plc, and others. These companies compete in similar markets and product categories.

What subsidiaries does The Baldwin Insurance Group, Inc. have?

The Baldwin Insurance Group, Inc.'s subsidiaries include The Baldwin Insurance Group Holdings, LLC, MSI.

Where is The Baldwin Insurance Group, Inc. headquartered?

The Baldwin Insurance Group, Inc. is headquartered in United States of America and employs approximately 3,927 people. It has been publicly traded since 2019.

The Baldwin Insurance Group, Inc.

BWIN

The Baldwin Insurance Group is an independent insurance distribution firm that provides comprehensive risk management, insurance, and employee benefits solutions.

Market cap

$2.67B+2.8%

Revenue$1.6B+14.2%

Net income-$45.4M-41.2%

Free cash flow-$119.8M-2,243%

EPS (diluted)-$0.68-28.3%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 4, 2026

Revenue$532.2MBeat by $8.2M EPS$0.63Miss by $0.01

Read the full report

Next report

Jul 30, 2026 (Tomorrow)

Revenue estimate$492.3M

EPS estimate$0.46

Financials

Q1 2026

Income statement

See full

Revenue$532.2M+28.7%

Operating income-$101.3M-281%

Net income$2.3M-83.2%

EPS (diluted)$0.02-90.0%

Balance sheet

See full

Cash & equivalents$456.1M+52.5%

Total debt$2.3B+42.5%

Total equity$963.9M+55.6%

Total assets$5.9B+67.5%

Cash flow

See full

Operating cash flow-$6.1M+90.5%

CapEx$12.7M+41.8%

Free cash flow-$18.7M+74.3%

Valuation & ratios

Valuation

See full

Market cap$2.67B+2.8%

Enterprise value$4.48B+11.6%

P/S1.7×-0.3×

Profitability

See full

Net margin-2.8%+0.9pp

Returns & leverage

See full

Return on equity-5.7%+0.5pp

Debt / equity2.4×-0.2×

Current ratio1.1×0.0×

Segments

By product

See full

Commission revenue(1)$420.6M+24.1%

Consulting and service fee revenue$43.5M+116%

Profit-sharing revenue$26.1M+7.3%

Policy fee and installment fee revenue$20.7M+15.4%

Assumed premium earned$14.2M+229%

By segment

See full

Insurance Advisory Solutions$331.2M+45.5%

Underwriting, Capacity & Technology Solutions$134.9M+7.8%

Mainstreet Insurance Solutions Segment$81.7M+4.9%

Corporate Segment and Other Operating Segment-$15.6M+10.1%

Competitors

By market cap

Aon plc$78.4B-1.5%

Arthur J. Gallagher$65.1B-17.8%

American International Group$42.0B-8.1%

W.R. Berkley$28.1B+8.9%

Brown & Brown$23.6B-30.2%

American Financial Group$12.0B+14.5%

Selective Insurance Group$5.5B+15.9%

The Baldwin Insurance Group, Inc.$2.7B-5.1%

By revenue growth

Brown & Brown+34.2%

Arthur J. Gallagher+24.5%

The Baldwin Insurance Group, Inc.+14.2%

Selective Insurance Group+7.0%

Aon plc+4.9%

W.R. Berkley+4.3%

American Financial Group-1.2%

American International Group-2.3%

By net margin

Aon plc22.27%+6.7pp

Brown & Brown17.75%-2.1pp

W.R. Berkley12.94%+0.6pp

American International Group11.86%+18.9pp

Arthur J. Gallagher10.76%-2.2pp

American Financial Group10.76%+1.1pp

Selective Insurance Group9.1%+1.6pp

The Baldwin Insurance Group, Inc.-2.8%-0.5pp

Profile

The Baldwin Insurance Group is an independent insurance distribution firm that provides comprehensive risk management, insurance, and employee benefits solutions. The company operates as a holding company, delivering bespoke client services through a holistic approach that combines traditional brokerage with proprietary, technology-enabled insurance products. Their value proposition centers on providing indispensable expertise and innovative risk insights to over three million clients globally.

Competitive position

A leading independent distributor characterized by a high-growth 'partnership' acquisition strategy and a focus on proprietary technology-enabled underwriting.

GeographiesUnited States, International

Customer segmentsMiddle-market enterprises, High-net-worth individuals, Retail consumers, Small and medium businesses

Business modelCommission-based brokerage, Fee-for-service consulting, Managing General Agent (MGA), B2B2C embedded distribution

SuppliersInsurance carriers, Reinsurance providers, Technology infrastructure providers, Actuarial data sources

CustomersCommercial businesses, Individual policyholders, External insurance brokers, Employee benefit plan sponsors

CountryUnited States of America

Listed2019

Employees3.9K

CEOTrevor Lowry Baldwin

Websitebaldwin.com

FilingsSEC EDGAR

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Questions, answered.

What is The Baldwin Insurance Group, Inc.'s market cap?: The Baldwin Insurance Group, Inc. (BWIN) has a market capitalization of $2.7B and trades on NASDAQ.
What is The Baldwin Insurance Group, Inc.'s revenue and profitability?: The Baldwin Insurance Group, Inc. generated $1.6B in trailing twelve-month revenue with a net loss of $45.4M, representing a net margin of -2.8%, with free cash flow of -$119.8M. These figures are based on the Q1 2026 filing.
Who are The Baldwin Insurance Group, Inc.'s competitors?: The Baldwin Insurance Group, Inc.'s key competitors include Arthur J. Gallagher & Co., Brown & Brown, Inc., Aon plc, and others. These companies compete in similar markets and product categories.
What subsidiaries does The Baldwin Insurance Group, Inc. have?: The Baldwin Insurance Group, Inc.'s subsidiaries include The Baldwin Insurance Group Holdings, LLC, MSI.
Where is The Baldwin Insurance Group, Inc. headquartered?: The Baldwin Insurance Group, Inc. is headquartered in United States of America and employs approximately 3,927 people. It has been publicly traded since 2019.