Welcome to our dedicated page for The Baldwin Group SEC filings (Ticker: BWIN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Baldwin Insurance Group, Inc. (The Baldwin Group) files a range of documents with the U.S. Securities and Exchange Commission (SEC) in connection with its listing on the Nasdaq Global Select Market under the ticker symbol BWIN. These filings provide detailed information about the company’s financial performance, capital structure, material agreements, and corporate developments as an independent insurance distribution firm and insurance brokerage and advisory business.
Among the most important filings for Baldwin are its annual reports on Form 10-K and quarterly reports on Form 10-Q, which present audited or reviewed financial statements, management’s discussion and analysis, and disclosures about its insurance distribution operations, including the Insurance Advisory Solutions segment and related platforms. These reports help users understand revenue composition, expenses, debt arrangements, and acquisition activity across the firm’s insurance brokerage and advisory businesses.
The company also submits current reports on Form 8-K to disclose material events. Examples include earnings releases furnished under Item 2.02, such as the November 4, 2025 Form 8-K announcing results for the quarter ended September 30, 2025, and filings describing amendments to its Amended and Restated Credit Agreement and incremental term loan facilities. These 8-Ks outline key financing steps, including repricing of term loans, incremental term B loans, and changes to revolving credit margins.
On this SEC filings page, users can review Baldwin’s historical and recent filings, including 10-Ks, 10-Qs, 8-Ks, and proxy-related documents when available. Stock Titan’s platform adds AI-powered summaries that explain complex sections of lengthy filings, highlight significant changes in debt, acquisitions, or segment performance, and surface notable risk factor or disclosure updates. The page also provides streamlined access to insider transaction reports on Form 4, when filed, giving additional transparency into equity transactions by directors and officers.
By combining real-time EDGAR updates with AI-generated insights, this page helps investors, analysts, and researchers quickly interpret The Baldwin Group’s regulatory disclosures and understand how its insurance distribution, brokerage, and advisory activities are reflected in official SEC documents.
The Baldwin Insurance Group, Inc. outlines its business model, growth strategy and rising leverage in its annual report. The holding company controls Baldwin Holdings and operates as an independent insurance distributor across commercial, personal, employee benefits, wealth and Medicare lines.
Operations are organized into three groups: Insurance Advisory Solutions, Underwriting, Capacity & Technology Solutions (including the MSI MGA platform and reinsurance/captive activities), and Mainstreet Insurance Solutions, supported by roughly 5,000 colleagues, over three million clients and about 125 offices in 24 states.
As of December 31, 2025, the company reports approximately $1.7 billion of consolidated debt, including $1.006 billion of term loans and $600 million of 7.125% Senior Secured Notes due 2031, with $279.1 million of 2025 debt service, $123.7 million of cash and $477.0 million of revolver availability. Subsequent $600.0 million of incremental term loans and up to $320.0 million of CAC Group-related cash obligations, plus contingent earnouts of up to $50.0 million, feature prominently among risk factors, alongside macroeconomic, competitive, technology, regulatory and seasonality risks.
The Baldwin Insurance Group, Inc. reported fourth quarter and full year 2025 results and authorized a share repurchase of up to $250 million of its common stock. Full year 2025 total revenue rose 8% to $1.5 billion, with organic revenue growth of 7%.
The company posted a GAAP net loss of $54.2 million, or $0.50 diluted loss per share, but generated adjusted net income of $198.9 million and adjusted diluted EPS of $1.67, up 11% year-over-year. Adjusted EBITDA grew to $341.5 million with a 22.7% margin. In the fourth quarter, revenue increased 5% to $347.3 million and adjusted EBITDA reached $69.6 million with a 20.1% margin, while GAAP net loss was $43.7 million. Cash and cash equivalents were $123.7 million at December 31, 2025, and adjusted free cash flow for the year was $87.2 million.
Baldwin Insurance Group, Inc. Chief Financial Officer Hale Bradford reported equity compensation transactions in Class A common stock. On February 23, 2026, he acquired 29,544 shares at $0.00 per share through the settlement of performance-based restricted stock units granted in 2023, following achievement of predetermined performance goals. On the same date, 7,633 shares at $16.57 per share were disposed of to cover income tax withholding obligations related to this share issuance. After these transactions, Bradford directly owned 166,570 shares of Class A common stock. An additional 10,000 shares are held indirectly through the Amy W. Hale Revocable Trust, for which his spouse serves as sole trustee.
Baldwin Insurance Group, Inc. Chief Accounting Officer Corbyn N. Lichon reported a mix of equity award and related tax withholding transactions in Class A common stock. On February 23, 2026, Lichon acquired 4,744 shares at a price of $0.00 per share through settlement of performance-based restricted stock units granted in 2023, which vested based on predetermined performance goals.
On the same date, 1,880 shares were disposed of at $16.57 per share, representing shares withheld by the issuer to cover income tax obligations arising from the award. Following these transactions, Lichon directly owned 49,536 shares of Class A common stock.
Baldwin Insurance Group General Counsel Seth Bala Cohen reported equity compensation activity in Class A common stock. He acquired 10,167 shares at no cost upon settlement of performance-based restricted stock units granted in 2023, which vested based on predetermined performance goals.
To cover income tax withholding obligations related to this award, 2,915 shares were withheld by the company at a price of $16.57 per share. After these transactions, Cohen directly holds 17,717 shares of Baldwin Insurance Group Class A common stock.
Baldwin Insurance Group, Inc. officer James Morgan Roche reported equity compensation activity involving Class A common stock. He acquired 29,544 shares at $0.00 per share as settlement of performance-based restricted stock units granted in 2023, after predetermined performance goals were achieved. To cover income tax withholding on this issuance, 8,847 shares were withheld by the company at $16.57 per share, a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 62,810 shares of Class A common stock.
Baldwin Insurance Group, Inc. officer Daniel Galbraith reported equity compensation activity in Class A common stock. On February 23, 2026, he acquired 29,544 shares at $0.00 per share through settlement of performance-based restricted stock units granted in 2023, after predetermined performance goals were achieved.
On the same date, 7,630 shares were disposed of at $16.57 per share as shares withheld by the issuer to cover income tax withholding obligations related to this award settlement, rather than an open-market sale. Following these transactions, Galbraith directly owned 25,763 Class A shares.
Baldwin Insurance Group, Inc. Chief Executive Officer Trevor Baldwin reported equity compensation activity involving Class A common stock. On February 23, 2026, he acquired 65,655 shares at $0.00 per share as a grant/award, issued in settlement of performance-based restricted stock units granted in 2023 that settled based on predetermined performance goals.
On the same date, 17,157 shares were disposed of at $16.57 per share through a tax-withholding disposition, with shares withheld by the issuer to satisfy income tax obligations related to the PSU share issuance. Following these transactions, Baldwin directly held 59,832 Class A shares and indirectly held 27,676 Class A shares through the TLB 2020 Trust.
Capital International Investors has disclosed a significant passive stake in The Baldwin Insurance Group, Inc. As of December 31, 2025, it is deemed to beneficially own 3,618,132 shares of Baldwin’s common stock, representing 5.1% of the class based on 71,589,503 shares believed outstanding.
The firm reports sole voting and dispositive power over all 3,618,132 shares and no shared power. The filing notes that the securities were acquired and are held in the ordinary course of business and are not intended to change or influence control of Baldwin Insurance Group.
Champlain Investment Partners, LLC, a Vermont-based investment adviser, filed a Schedule 13G reporting a passive ownership stake in Baldwin Insurance Group, Inc. common stock as of 12/31/2025.
Champlain reports beneficial ownership of 3,650,410 shares, representing 3.8% of Baldwin Insurance’s common stock. It has sole voting power over 3,439,025 shares and sole dispositive power over 3,650,410 shares, with no shared voting or dispositive power.
Champlain certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Baldwin Insurance Group, nor in connection with any control-related transaction.