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Baldwin Insurance Group, Inc.

BWIN · Financials

Last earnings Oct 27, 2026

Key results

Total revenuequarter

8%

htm EX-99.1 Document Exhibit 99.1 THE BALDWIN GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS Third Quarter Total Revenue Growth of 8% to $365.4 Million Organic Revenue Growth (1) of 5% Year-to-Date Total Revenue Growth of 9% to $1.158 Billion Organic Revenue Growth (1) of 9% Third Quarter Net Loss of $30.2 Million and Diluted Loss Per Share of $0.27 Adjusted Diluted EPS (2) of $0.31 Year-to-Date Net Loss of $10.5 Million and Diluted Loss Per Share of $0.12 Adjusted Diluted EPS (2) of $1.37 Third Quarter Adjusted EBITDA Margin (3) of 20% Year-to-Date Adjusted EBITDA Margin (3) of 23% TAMPA, FLORIDA - November 4, 2025 - The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Million Organic revenueytd

5%

htm EX-99.1 Document Exhibit 99.1 THE BALDWIN GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS Third Quarter Total Revenue Growth of 8% to $365.4 Million Organic Revenue Growth (1) of 5% Year-to-Date Total Revenue Growth of 9% to $1.158 Billion Organic Revenue Growth (1) of 9% Third Quarter Net Loss of $30.2 Million and Diluted Loss Per Share of $0.27 Adjusted Diluted EPS (2) of $0.31 Year-to-Date Net Loss of $10.5 Million and Diluted Loss Per Share of $0.12 Adjusted Diluted EPS (2) of $1.37 Third Quarter Adjusted EBITDA Margin (3) of 20% Year-to-Date Adjusted EBITDA Margin (3) of 23% TAMPA, FLORIDA - November 4, 2025 - The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Year-to-Date Total revenueytd

9%

htm EX-99.1 Document Exhibit 99.1 THE BALDWIN GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS Third Quarter Total Revenue Growth of 8% to $365.4 Million Organic Revenue Growth (1) of 5% Year-to-Date Total Revenue Growth of 9% to $1.158 Billion Organic Revenue Growth (1) of 9% Third Quarter Net Loss of $30.2 Million and Diluted Loss Per Share of $0.27 Adjusted Diluted EPS (2) of $0.31 Year-to-Date Net Loss of $10.5 Million and Diluted Loss Per Share of $0.12 Adjusted Diluted EPS (2) of $1.37 Third Quarter Adjusted EBITDA Margin (3) of 20% Year-to-Date Adjusted EBITDA Margin (3) of 23% TAMPA, FLORIDA - November 4, 2025 - The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Year-to-Date Total revenueQ3 2025

$1.158 Billion

htm EX-99.1 Document Exhibit 99.1 THE BALDWIN GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS Third Quarter Total Revenue Growth of 8% to $365.4 Million Organic Revenue Growth (1) of 5% Year-to-Date Total Revenue Growth of 9% to $1.158 Billion Organic Revenue Growth (1) of 9% Third Quarter Net Loss of $30.2 Million and Diluted Loss Per Share of $0.27 Adjusted Diluted EPS (2) of $0.31 Year-to-Date Net Loss of $10.5 Million and Diluted Loss Per Share of $0.12 Adjusted Diluted EPS (2) of $1.37 Third Quarter Adjusted EBITDA Margin (3) of 20% Year-to-Date Adjusted EBITDA Margin (3) of 23% TAMPA, FLORIDA - November 4, 2025 - The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Billion Organic revenuequarter

9%

htm EX-99.1 Document Exhibit 99.1 THE BALDWIN GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS Third Quarter Total Revenue Growth of 8% to $365.4 Million Organic Revenue Growth (1) of 5% Year-to-Date Total Revenue Growth of 9% to $1.158 Billion Organic Revenue Growth (1) of 9% Third Quarter Net Loss of $30.2 Million and Diluted Loss Per Share of $0.27 Adjusted Diluted EPS (2) of $0.31 Year-to-Date Net Loss of $10.5 Million and Diluted Loss Per Share of $0.12 Adjusted Diluted EPS (2) of $1.37 Third Quarter Adjusted EBITDA Margin (3) of 20% Year-to-Date Adjusted EBITDA Margin (3) of 23% TAMPA, FLORIDA - November 4, 2025 - The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Organic revenuequarter

5%

Total revenue increased 8% year-over-year to $365.4 million Organic revenue growth of 5% year-over-year GAAP net loss of $30.2 million and GAAP diluted loss per share of $0.27 Adjusted net income (2) of $36.5 million

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Adjusted net incomequarter

$36.5 million

Total revenue increased 8% year-over-year to $365.4 million Organic revenue growth of 5% year-over-year GAAP net loss of $30.2 million and GAAP diluted loss per share of $0.27 Adjusted net income (2) of $36.5 million

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Adjusted EPSquarter

6%

Adjusted diluted EPS decreased 6% year-over-year to $0.31 Adjusted EBITDA (3) was $72.5 million, remaining the same year-over-year Adjusted EBITDA margin of 19.8% compared to 21.5% in the prior-year period Net cash provided by operating activities of $41.0 million Adjusted free cash flow (5) increased 26% year-over-yea

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Adjusted free cash flowquarter

19.8%

Adjusted diluted EPS decreased 6% year-over-year to $0.31 Adjusted EBITDA (3) was $72.5 million, remaining the same year-over-year Adjusted EBITDA margin of 19.8% compared to 21.5% in the prior-year period Net cash provided by operating activities of $41.0 million Adjusted free cash flow (5) increased 26% year-over-yea

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

The inflection of our financial position this year continues, driven by strong growth in adjusted free cash flow of 26% in the quarter, continued de-levering and debt pay down, and ongoing optimization of our capital stack, all leading to greater flexibility to allocate capital to drive long-term shareholder value.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Revenuequarter

9%

Revenue increased 9% year-over-year to $1.158 billion Organic revenue growth of 9% year-over-year GAAP net loss of $10.5 million and GAAP diluted loss per share of $0.12

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Adjusted net income of $162.6 million

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Adjusted diluted EPS grew 11% year-over-year to $1.37 Adjusted EBITDA grew 9% year-over-year to $271.8 million Adjusted EBITDA margin was 23.5%

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

AI analysis

Q3 2025 · reported Nov 4, 2025

Based on: Earnings release + parent 8-K — transcript not held

Adjusted net income · Q3 2025
$36.5M
EX-99 · Nov 4, 2025
Year-to-Date Total revenue · Q3 2025
$1.158B
EX-99 · Nov 4, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Total revenue8%——
Year-to-Date Total revenue$1.158 Billion——
Billion Organic revenue9%——
Organic revenue5%——
Adjusted net income$36.5 million——
Adjusted EPS6%—21.5%
Adjusted free cash flow19.8%—21.5%
Revenue9%——

EX-99 · Nov 4, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Adjusted free cash flow19.8%

Capital allocation

Adjusted free cash flow26%

The inflection of our financial position this year continues, driven by strong growth in adjusted free cash flow of 26% in the quarter, continued de-levering and debt pay down, and ongoing optimization of our capital stack, all leading to greater flexibility to allocate capital to drive long-term shareholder value.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

THE BALDWIN GROUP ANNOUNCES THIRD QUARTER 2025 RESULTS

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The inflection of our financial position this year continues, driven by strong growth in adjusted free cash flow of 26% in the quarter, continued de-levering and debt pay down, and ongoing optimization of our capital stack, all leading to greater flexibility to allocate capital to drive long-term shareholder value.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

1 LIQUIDITY AND CAPITAL RESOURCES As of September 30, 2025, cash and cash equivalents were $89.7 million and the Company had $524 million of borrowing capacity under its revolving credit facility.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Strategy & priorities

Forward-looking statements are statements other than historical facts and may include statements that address Baldwin's future operating, financial or business performance or Baldwin s strategies or expectations.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

We calculate adjusted free cash flow because we incur substantial earnout liabilities in conjunction with our partnership strategy.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Risks & headwinds

Forward-looking statements are based on management s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Baldwin or to persons acting on Baldwin's behalf are expressly qualified in their entirety by reference to these risks and uncertainties.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

(2) Other addbacks to adjusted EBITDA include certain income and expenses that are considered to be non-recurring or non-operational, including certain recruiting costs, professional fees, litigation costs and bonuses.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

(2) Other addbacks to adjusted net income include certain income and expenses that are considered to be non-recurring or non-operational, including certain recruiting costs, professional fees, litigation costs and bonuses.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

6) Other addbacks to pro forma adjusted EBITDA include certain expenses that are considered to be non-recurring or non-operational, including certain recruiting costs, professional fees, litigation costs and bonuses.

SEC original ↗Baldwin Insurance Group, Inc. — Earnings release (8-K exhibit)EX-99Nov 4, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials
Documents

Filings

31 documents

Earnings releases

17 documents

Presentations

0 documents

No presentations for Baldwin Insurance Group, Inc. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Baldwin Insurance Group, Inc. are held in this edition of the library.

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