Feed / BWIN

The Baldwin Insurance Group, Inc.

BWIN

Financial Services · 29.64 +0.7% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

The Baldwin Insurance Group, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

Company+0.7% todayVolume comparison unavailable
Market group0 of 1 activeInsurance Brokers · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • Net interest expense increased $14.3M (quarter) and $23.3M (YTD) for the periods ended June 30, 2026 vs 2025, attributed to higher average borrowings partly offset by a lower average interest rate.
  • Year‑over‑year change in net interest expense and management's near‑term expectation for interest expense growth from higher borrowings under the JPM Credit Facility.

Invalidation: The isolated read changes if BWIN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Insurance Brokers

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Net interest expense increased $14.3M (quarter) and $23.3M (YTD) for the periods ended June 30, 2026 vs 2025, attributed to higher average borrowings partly offset by a lower average interest rate.
  • Year‑over‑year change in net interest expense and management's near‑term expectation for interest expense growth from higher borrowings under the JPM Credit Facility.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods5
Price observations328
Usable filing statements212
Verified relationships9
Evidence supporting the case
  • Latest annual revenue changed +8.5% year over year.
Evidence challenging the case
  • Diluted shares increased 7.1% in the latest annual period.
Questions before a position
  • EV/sales is 72% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

29.64
6m+42.4%12m-2.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$567.3M$-0.64
2022-12-31$980.7M+72.9%$-0.74+19.4%
2023-12-31$1.2B+23.6%$-1.50+5.8%
2024-12-31$1.4B+13.6%$-0.39+5.5%
2025-12-31$1.5B+8.5%$-0.50+7.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
We expect interest expense to grow in the near term on a year-over-year basis due to higher borrowings under the JPM Credit Facility to fund partnership opportunities and the settlement of deferred payment obligations, offset slightly by lower expected intere…
10-Q · Jul 30, 2026
Demand and volumemixed · 1 filings
We are subject to laws, rules, regulations, orders, industry standards, contractual obligations and other legal obligations relating to the collection, use, retention, security, transfer, storage, disposition and other processing of this information.
10-K · Feb 26, 2026
Legal and regulatory exposurepositive · 1 filings
The technologies underlying AI and its uses are subject to a variety of laws and regulations, including intellectual property, data privacy and cybersecurity, client protection, trade and export controls, competition, and equal opportunity laws, and are expec…
10-K · Feb 26, 2026
Restructuring and cost reductionsmixed · 1 filings
After excluding partnership activity, colleague compensation and benefits increased $2.7 million primarily due to elevated health plan costs and higher severance.
10-Q · Jul 30, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.3× · EV/sales 1.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

29.64+0.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BWIN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BWIN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BWIN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AJGArthur J. Gallagher & Co.competitorFeb 26, 2026

We actively compete with numerous integrated financial services organizations as well as insurance companies and brokers, producer groups, individual insurance agents, investment management firms, independent financial planners and broker-dealers, including p…

WTWWillis Towers Watson Public Limited CompanycompetitorFeb 26, 2026

We actively compete with numerous integrated financial services organizations as well as insurance companies and brokers, producer groups, individual insurance agents, investment management firms, independent financial planners and broker-dealers, including p…

Depended on by

RBCRBC Bearings IncorporatedcustomerMay 15, 2026

1 Our largest industrial customers include Caterpillar, Komatsu and Halliburton and various aftermarket distributors including Motion Industries, Applied Industrial, Baldwin Supply, BDI and Purvis Industries.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BWIN is currently a Leader in the organic co-movement group Insurance Brokers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for BWIN; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.