State Ledger
Company profile

Baldwin Insurance Group, Inc. CIK 1781755

Ticker
BWIN (Nasdaq)
Industry
Insurance Agents, Brokers & Service
Headquarters
Tampa, FL 33607
Fiscal year end
2025 (FY)
Market Data
Close
$31.86
Change
+$0.01
Change %
0.03%
Volume
72,472

BWIN · trading date Oct 12, 2026 · previous close $31.85 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$1.50B
Net income
-$33.81M
Total assets
$3.86B
Total liabilities
$2.78B
Stockholders' equity
$600.22M
Cash & equivalents
$123.67M
Operating income
$73.94M
Operating cash flow
-$29.42M
Capital expenditures
$39.53M

Fiscal year 2025, via 10-K filed 2026-02-26. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
4.9%
Net margin
-2.2%
Free cash flow
-$68.95M
Free cash flow margin
-4.6%
Liabilities / assets
71.9%
Equity / assets
15.5%
CapEx / revenue
2.6%
Operating cash flow / net income
0.87×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $1.50B -$33.81M $3.86B $2.78B $600.22M
2024 $1.39B -$24.52M $3.53B $2.53B $583.22M
2023 $1.22B -$90.14M $3.50B $2.48B $560.41M
2022 $980.72M -$41.77M $3.46B $2.32B $608.10M
2021 $567.29M -$30.65M $2.88B $1.69B $608.38M
Company Details
SIC code
6411
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form DEFA14A
2026-09-14
Financials filed via
Form 10-K
filed 2026-02-26

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Tampa, FL 33607
4211 W. BOY SCOUT BLVD.
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:26 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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