The Baldwin Insurance Group, Inc. (BWIN)
NEUTRALFundamental
35
Price
$31.07
Market Cap
$3.11B
Part 1 · What the company is worth
Overview
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.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.72B
Trailing 12 months (through 6/30/2026)
Net Income
$-81M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$-69M
Total Equity
$600M
Total Liabilities
$2.78B
Current Ratio
1.07
Interest Coverage
0.83
Debt/EBITDA
12.72
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$32.22
Current Price
$31.07
Margin of Safety
+3.6%
Fair Value Range
$30.61 - $33.83
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-5.6%
P/B Ratio
1.20
P/FCF
24.34
Gross Margin
-
ROIC
-2.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-2.1%
WACC
7.7%
ROIC − WACC
-9.8 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (7)
- EPS shows upward trend
- Price CAGR 10.31%
- P/FCF 24.34
- P/B Ratio 1.20
- Positive Free Cash Flow
- Current Ratio
- Analyst Consensus 71% Buy
Failed (14)
- ROIC -2.1%
- Debt/Equity ratio
- Operating Margin -6.9%
- CapEx intensity
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -10.6%
- Earnings Surprise avg 0.9%
- Share Dilution 7.6%
- Net Margin Trend -4.7% vs -1.2%
- Piotroski F-Score 2/9
Unavailable (6)
- Gross Margin NaN%
- Dividend Payout NaN%
- Price below Graham Number
- Revenue Growth 5Y (Finnhub)
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Low quality: investigate accounting
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. L. Lowry Baldwin | Co-Founder & Chairman | 66 |
| Mr. Trevor Lowry Baldwin | Co-Founder, CEO & Non-Independent Director | 38 |
| Mr. Daniel Galbraith | President & CEO of Retail Brokerage Operations | 44 |
| Mr. James Morgan Roche | President, CEO of Underwriting, Capacity & Technology Operations | 47 |
| Mr. Bradford Lenzie Hale CPA | Chief Financial Officer | 44 |
| Mr. Seth Cohen | General Counsel & Corporate Secretary | 47 |
| Ms. Elizabeth H. Krystyn | Co-Founder | - |
| Ms. Laura Rice Sherman | Co-Founder | - |
| Ms. Corbyn N. Lichon | Chief Accounting Officer | 32 |
| Ms. Bonnie Bishop | Executive Director of Investor Relations | - |
Audit Risk
3
Board Risk
8
Compensation Risk
4
Shareholder Rights Risk
8
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for BWIN, sourced from Markets Gazette.
- 2/27/2026NEUTRALBaldwin (BWIN) Q4 2025 Earnings Call Transcript
Baldwin (BWIN) held its Q4 2025 earnings call. While specific details from the transcript are not yet available, this event is a critical juncture for investors. Quarterly earnings calls are essential for understanding a company's financial performance, future outlook, and management strategies. Analysts and shareholders eagerly await this information to assess operational health, revenue growth, profitability, and any updates on future guidance. The current lack of content prevents an immediate assessment, but market attention remains high on Baldwin, awaiting the release of data to form informed judgments on its stock.
via Markets Gazette