profit from every $100 of sales.
$0$100
The Baldwin Insurance Group
$32.04-0.44% today
+17.0% in 1 year
1-year low $16.501-year high $32.49
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What The Baldwin Insurance Group sold, what it kept, and what it did with the cash.
Sales went from $969 million in 2022 to $1.49 billion in 2025, with -$33.8 million of profit last year.
SalesProfit
The Baldwin Insurance Group vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| The Baldwin Insurance Group | No profit yet | ||
 Willis Towers Watson Public | 19.2× · Fair price | ||
 Brown & Brown | 22.5× · Fair price | ||
 Erie Indemnity | 25.4× · Fair price | ||
 Accelerant Holdings | No profit yet |
AI analysis
An AI analyst reads The Baldwin Insurance Group's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| – | 567 | 969 | 1,208 | 1,376 | 1,488 | |
| – | – | 250 | 296 | 344 | 431 | |
| – | – | 1 | 19 | 56 | 80 | |
| – | – | 88 | 117 | 165 | 207 | |
| -16 | -31 | -42 | -90 | -25 | -34 | |
| -0.58 | -0.64 | -0.74 | -1.50 | -0.39 | -0.50 | |
| – | – | 25.8% | 24.5% | 25.0% | 29.0% | |
| – | – | 0.1% | 1.5% | 4.0% | 5.3% | |
| – | -5.4% | -4.3% | -7.5% | -1.8% | -2.3% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 1,530 | 2,876 | 3,462 | 3,502 | 3,535 | 3,862 |
| Cash | 108 | 138 | 118 | 116 | 90 | 124 |
| Total debt | – | – | 1,473 | 1,632 | 1,641 | 1,770 |
| Total liabilities | 760 | 1,689 | 2,322 | 2,483 | 2,526 | 2,778 |
| 368 | 608 | 608 | 560 | 583 | 600 | |
| 27 | 48 | 57 | 60 | 63 | 68 | |
| – | – | 0.0% | 0.7% | 2.0% | 2.7% | |
| -4.3% | -5.0% | -6.9% | -16.1% | -4.2% | -5.6% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 37 | 40 | -2 | 0 | 51 | -29 | |
| 5 | 5 | 22 | 21 | 41 | 40 | |
| 31 | 35 | -24 | -21 | 10 | -69 | |
| Dividends paid | – | – | 0 | 0 | 0 | – |
| – | – | 0 | – | – | – | |
| 8 | 19 | 47 | 60 | 66 | 71 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- –
- 16.0×
- –
- 1.9×
- 3.0×
- -0.7%
- 0.0%
Profitability
- -2.3%
- -0.5%
- -2.1%
- -6.5%
- -0.8%
Growth
- +27.3%
- –
- –
- +9.3%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 9%of 749
Bottom 21%of 604
Top 19%of 883
Bottom 19%of 931
What analysts expect
- Average price target
- $28.75
- Range
- $20.00 – $40.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 4, 2026 | 0.63 | 0.64 | −1.6% |
| Feb 26, 2026 | 0.31 | 0.29 | +6.9% |
| Nov 4, 2025 | 0.31 | 0.30 | +3.3% |
| Aug 5, 2025 | 0.42 | 0.41 | +2.4% |
| May 6, 2025 | 0.65 | 0.65 | +0.0% |
| Feb 25, 2025 | 0.27 | 0.27 | +0.0% |
| Nov 4, 2024 | 0.33 | 0.34 | −2.9% |
| Aug 6, 2024 | 0.34 | 0.33 | +3.0% |
News
Michael Dell’s family office nears deal to buy Baldwin Insurance: FTSeeking Alpha · Sep 13, 2026The newest story we have is from Sep 13, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
16No pass
Benjamin Graham
21No pass
Philip Fisher
36No pass
Peter Lynch
49No pass
Joel Greenblatt
0No pass
Charlie Munger
17No pass
Terry Smith
30No pass
Questions about The Baldwin Insurance Group
Is The Baldwin Insurance Group a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the The Baldwin Insurance Group AI analysis
What does The Baldwin Insurance Group do?
The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It is in Insurance - Brokers.
Does The Baldwin Insurance Group pay a dividend?
No. The Baldwin Insurance Group does not pay a dividend at the moment.
Is The Baldwin Insurance Group stock halal?
No. The Baldwin Insurance Group does not pass our halal screen: its debt is 39% of its market value, at or above the 33% limit. How we check
How has The Baldwin Insurance Group stock done over the past year?
Up 17.0% over the past twelve months, to $32.04. It traded between $16.50 and $32.49, close to its high.
Who are The Baldwin Insurance Group's competitors?
The largest listed companies in the same industry are Willis Towers Watson Public, Brown & Brown, Erie Indemnity and Accelerant Holdings. The peers table on this page compares their profit, growth and price with The Baldwin Insurance Group's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.