Introduces 2028 financial targets of gross written premium greater than $2 billion, adjusted net income greater than $125 million, and adjusted ROE greater than 18% Announces a strategic partnership with The Baldwin Group's subsidiary, Westwood Insurance Agency to significantly expand the reach of Hippo's New Homes business Details strategic framework designed to deliver attractive returns through a diversified portfolio of risk anchored in core home offeringSAN JOSE, Calif., June 12, 2025 /PRNewswire/ -- ...

Summary of Baldwin Group Conference Call Company Overview - **Company**: Baldwin Group - **Industry**: Insurance Brokerage - **Founded**: Early 2010s - **IPO**: October 2019 - **Revenue at IPO**: Approximately $150 million with around 400 employees [5][6] Key Points and Arguments Growth and Business Model - Baldwin Group has rapidly scaled from a local Florida-centric retail insurance broker to a national platform, growing organically at a rate at least twice that of industry peers [4][6] - The company has completed 35 partnerships (acquisitions) since its IPO, acquiring approximately $530 million in revenue [6][15] - The company aims to achieve $3 billion in revenue and a 30% adjusted EBITDA margin over the next five years [10][16] Operating Segments - **Insurance Advisory Solutions (IES)**: Represents about 48% of total revenue, providing middle market retail insurance broking services [6][7] - **Underwriting Capacity and Technology**: Focuses on building proprietary insurance products and vertically integrating into the insurance value chain [8][11] - **Main Street Insurance**: Innovates personal insurance distribution, particularly through partnerships with homebuilders and mortgage providers [12][19] Competitive Advantages - Baldwin Group leverages technology to create a fully integrated platform, enhancing client experience and driving organic growth [7][32] - The company has a unique embedded personal insurance strategy, capturing a significant share of the new home insurance market [12][14] - The company has invested approximately $50 million since 2022 to build capabilities in the mortgage channel, anticipating significant growth [28] Financial Performance - Adjusted diluted EPS has grown nearly 40% CAGR since the IPO [16] - The company is at an inflection point for free cash flow conversion, with expectations of improved margins and reduced cash flow directed towards earn-outs [18][21] - The company has maintained a track record of executing M&A in a highly accretive manner, focusing on quality over quantity [15][21] Market Dynamics - The homeowners insurance market is currently distressed due to natural disasters, presenting an opportunity for Baldwin to offer competitive pricing and innovative solutions [23][25] - The U.S. personal lines insurance marketplace was nearly $500 billion in direct written premium, with Baldwin targeting the underserved broker channel [13][14] Future Outlook - Baldwin Group is positioned for continued organic growth, aiming for a long-term growth rate of 10% to 15% while achieving peer-level margins [21] - The company plans to re-engage in M&A as its financial profile improves, creating additional opportunities for value creation [21][22] Additional Important Content - Baldwin's unique approach to integrating acquisitions onto a single agency management system allows for consistent results in new business generation and client retention [30][32] - The company emphasizes the importance of data access for negotiating better rates with insurance partners, enhancing profitability and client outcomes [35][36]

Core Viewpoint - Baldwin Insurance Group reported strong first quarter results, highlighting industry-leading organic growth, margin expansion, and double-digit earnings growth [4]. Financial Performance - The company expressed satisfaction with its first quarter performance, emphasizing ongoing margin expansion and a continuation of its growth trajectory [4]. Conference Call Details - The earnings call included participation from key analysts from firms such as Raymond James, KBW, Bank of America, Wells Fargo, JPMorgan, and BMO Capital Markets [1]. - The call was recorded and made available on the company's website along with financial results and supplemental information [1].

For the quarter ended March 2025, The Baldwin Insurance Group (BWIN) reported revenue of $413.41 million, up 8.7% over the same period last year. EPS came in at $0.65, compared to $0.56 in the year-ago quarter.The reported revenue represents a surprise of -1.03% over the Zacks Consensus Estimate of $417.7 million. With the consensus EPS estimate being $0.65, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

The Baldwin Insurance Group (BWIN) came out with quarterly earnings of $0.65 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.27, delivering a surprise of 8%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.The Baldwin Insurance G ...

BRP Group (BWIN) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Bonnie Bishop - Executive Director of Investor RelationsTrevor Baldwin - Chief Executive OfficerBrad Hale - Chief Financial OfficerC. Gregory Peters - Managing Director - InsuranceTommy McJoynt-Griffith - DirectorElyse Greenspan - Managing DirectorPablo Singzon - Executive DirectorCharlie Lederer - Vice President - Equity Research Conference Call Participants Josh Shanker - Analyst Operator Greetings and welcome to the Bald ...

BRP Group (BWIN) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Greetings and welcome to the Baldwin Group First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. It is now my pleasure to introduce your host, Bonnie Bishop, Executive Director of Investor Relations. Thank you. You may begin. Speaker1 Thank you. Welcome to the Baldwin Group's First Quarter twenty twenty five Earnings C ...

BRP Group (BWIN) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Bonnie Bishop - Executive Director of Investor RelationsTrevor Baldwin - Chief Executive OfficerBrad Hale - Chief Financial OfficerC. Gregory Peters - Managing Director - InsuranceTommy McJoynt-Griffith - DirectorElyse Greenspan - Managing DirectorPablo Singzon - Executive DirectorCharlie Lederer - Vice President - Equity Research Conference Call Participants Josh Shanker - Analyst Operator Greetings and welcome to the Bald ...

x Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 or o Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to _________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (Mark One) Commission File Number: 001-39095 __________________ ...

Q1 2025 EARNINGS SUPPLEMENT MAY 2025 Non-GAAP financial measures This presentation includes certain financial measures (retained commissions and fees, organic revenue, organic revenue growth, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA margin on retained commissions and fees, adjusted net income, adjusted diluted EPS, and adjusted free cash flow) that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United S ...