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Westwood Insurance Agency , an indirect subsidiary of The Baldwin Insurance Group, Inc., has announced a strategic collaboration with Landsea Homes. This partnership will allow Landsea Homes to offer home insurance to their customers through Landsea Insurance Agency using Westwood's technology platform. Westwood, specializing in personal lines insurance for the homebuilding industry, works with more than half of the top 40 homebuilders in the US, offering insurance to over 99% of the communities built by them. The collaboration aims to enhance the insurance buying experience by providing efficient home insurance solutions early in the home-buying journey.
Landsea Homes reported strong first-quarter 2024 results with net new home orders up by 23% year-over-year, total revenue of $294.0 million, and adjusted EBITDA of $17.0 million. The company also repurchased shares and reported pretax and net income figures. Landsea Homes' CEO highlighted the growth in home sales revenue, new home deliveries, and average selling prices. The company executed capital transactions to improve its balance sheet stability and is confident in achieving its goals for 2024.
