# Baldwin Insurance Group, Inc. (BWIN)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/baldwin-insurance-group-inc/ JSON: https://steadybase.io/company/baldwin-insurance-group-inc.json Checked Nov 10, 2026. Latest filing read: Oct 15, 2026.

## Company

- Legal name: Baldwin Insurance Group, Inc.
- Ticker: BWIN (Nasdaq)
- SEC CIK: 0001781755
- Industry: Insurance Agents, Brokers & Service (SIC 6411)
- Headquarters: Tampa, FL
- Fiscal year ends: December 31
- SEC filer category: Large accelerated filer
- Website: baldwin.com
- LinkedIn: https://www.linkedin.com/company/thebaldwingroup
- Next earnings date: Nov 10, 2026

## Key facts

- Revenue: $1.5B for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/0001781755-26-000018-index.html
- Operating income: $73.9M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/0001781755-26-000018-index.html
- Net income: -$33.8M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/0001781755-26-000018-index.html
- Employees: 5,000 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Shares outstanding: 33,988,164 as of Nov 6, 2020 (10-Q filed Nov 12, 2020). Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175520000076/0001781755-20-000076-index.html
- Auditor: Pricewaterhousecoopers LLP, Tampa, Florida, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm

## Business

The Baldwin Insurance Group, Inc. is a holding company and sole managing member of The Baldwin Insurance Group Holdings, LLC (“Baldwin Holdings”) and its sole material asset is its ownership interest in Baldwin Holdings, through which all of our business is conducted., together with its consolidated subsidiaries, including Baldwin Holdings and its consolidated subsidiaries and affiliates.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income |
|---|---|---|---|
| Dec 31, 2025 | $1.5B | $73.9M | -$33.8M |
| Dec 31, 2024 | $1.4B | $60.6M | -$24.5M |
| Dec 31, 2023 | $1.2B | -$42.6M | -$90.1M |
| Dec 31, 2022 | $980.7M | -$31.1M | -$41.8M |
| Dec 31, 2021 | $567.3M | -$31.6M | -$30.6M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/baldwin-insurance-group-inc.json

## Officers and directors

- Trevor Baldwin, Chief Executive Officer. Source: Form 4 filed Mar 17, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178771126000003/0001787711-26-000003-index.htm
- Bradford Hale, Chief Financial Officer. LinkedIn: https://www.linkedin.com/in/bradhalecpa. Source: Form 4 filed Apr 3, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178757426000004/0001787574-26-000004-index.htm
- Bradford L. Hale, Chief Financial Officer. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Corbyn Lichon, Chief Accounting Officer. LinkedIn: https://www.linkedin.com/in/corbynlichoncpa. Source: 8-K filed Sep 21, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000053/bwin-20260921.htm
- Johnathan Daniel, interim Chief Accounting Officer. Source: 8-K filed Sep 21, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000053/bwin-20260921.htm
- Seth Bala Cohen, General Counsel. Source: Form 4 filed May 15, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000190855926000006/0001908559-26-000006-index.htm
- Corbyn N. Lichon, Chief Accounting Officer. Source: Form 4 filed Apr 3, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000184913626000005/0001849136-26-000005-index.htm
- Lowry Baldwin, Chairman of the Board of Directors. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Willis Johnathan Daniel, Interim CAO. Source: Form 3 filed Jun 17, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000214023326000002/0002140233-26-000002-index.htm
- Barbara Matas, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Chris Sullivan, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Ellyn Shook, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Jay Cohen, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Joseph J. Kadow, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Myron Williams, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Paul Sparks, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Sathish Muthukrishnan, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Sunita Parasuraman, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- Daniel Galbraith, President, The Baldwin Group and Chief Executive Officer, Retail Brokerage Operations. Source: DEF 14A filed Apr 22, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000027/bwin-20260422.htm
- Jim Roche, President, The Baldwin Group and Chief Executive Officer, Underwriting, Capacity & Technology Operations. Source: DEF 14A filed Apr 22, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000027/bwin-20260422.htm
- Seth Cohen, Named in proxy. LinkedIn: https://linkedin.com/in/cohensethb. Source: DEF 14A filed Apr 22, 2026, https://www.sec.gov/Archives/edgar/data/1781755/000178175526000027/bwin-20260422.htm

## Recent 8-K events

- Nov 9, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000066/bwin-20261109.htm
- Oct 27, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000062/bwin-20261027.htm
- Oct 9, 2026: Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000058/bwin-20261009.htm
- Sep 21, 2026: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000053/bwin-20260921.htm
- Sep 14, 2026: Item 1.01, Entry into a material definitive agreement; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000095010326013874/dp253297_8k.htm
- Jul 30, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000047/bwin-20260730.htm
- Jun 4, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000042/bwin-20260604.htm
- May 4, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000032/bwin-20260504.htm
- Feb 26, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000015/bwin-20260226.htm
- Jan 2, 2026: Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000005/bwin-20260102.htm

## Insider trades (Form 4)

- May 14, 2026: Seth Bala Cohen (General Counsel) sold 15,000 shares, about $300,150. Source: https://www.sec.gov/Archives/edgar/data/1781755/000190855926000006/0001908559-26-000006-index.htm
- Mar 3, 2026: Paul Eugene Sparks (Director) bought 44,200 shares, about $1.0M. Source: https://www.sec.gov/Archives/edgar/data/1781755/000210371926000005/0002103719-26-000005-index.htm
- Dec 15, 2025: James Morgan Roche (See Remarks) sold 240,000 shares, about $5.7M. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178949625000005/0001789496-25-000005-index.htm
- Dec 5, 2025: James Morgan Roche (See Remarks) sold 15,000 shares, about $376,200. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178949625000004/0001789496-25-000004-index.htm
- Aug 13, 2025: Seth Bala Cohen (General Counsel) sold 2,775 shares, about $94,350. Source: https://www.sec.gov/Archives/edgar/data/1781755/000178175525000101/0001781755-25-000101-index.htm
- Aug 7, 2025: Bradford Hale (Chief Financial Officer) bought 10,000 shares, about $287,200. Source: https://www.sec.gov/Archives/edgar/data/1781755/000121465925011709/0001214659-25-011709-index.htm

## Latest filings

- 8-K filed Oct 27, 2026: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000062/bwin-20261027.htm
- 10-K filed Feb 26, 2026: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000018/bwin-20251231.htm
- 10-Q filed Jul 30, 2026: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000049/bwin-20260630.htm
- DEF 14A filed Apr 22, 2026: https://www.sec.gov/Archives/edgar/data/1781755/000178175526000027/bwin-20260422.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/