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 (Nasdaq: BWIN) Q2-25 10-Q highlights:
- Revenue: $378.8 M, +11.5% YoY; 1H-25 revenue $792.2 M, +10.0% YoY.
- Profitability: Operating income rose 70% to $27.9 M (7.4% margin). Net loss attributable to Baldwin narrowed to $3.2 M (-$0.05 EPS) vs. -$17.6 M (-$0.28 EPS) in Q2-24. 1H-25 net income attributable to Baldwin improved to $10.8 M (+168%).
- Cost profile: Compensation & benefits +11% to $195.5 M; outside commissions +7% to $73.6 M; other opex +21% to $56.1 M. Interest expense remained high at $31.3 M for the quarter.
- Cash flow: 1H-25 operating cash outflow of $80.7 M (vs. +$21.3 M prior year) driven by $85.1 M excess earn-out payments and higher working capital.
- Balance sheet (6/30/25): Cash $105.7 M (+17% YTD); Total assets $3.74 B. Debt up to $1.61 B (incl. $112 M revolver draw) after $935.8 M term-loan refinancing; contingent earn-out liabilities cut to $16.7 M from $145.6 M current.
- Equity: Stockholders’ equity attributable to Baldwin grew to $630.8 M (+8% YTD); 71.3 M Class A shares outstanding.
- Strategic activity: Closed acquisition of Bermuda-based MultiStrat Group for $24.6 M (incl. $8.8 M earn-out & $0.9 M equity), adding reinsurance underwriting capability.
Overall, Q2 showed solid top-line growth and significant earnings improvement, but profitability remains constrained by high interest costs and negative operating cash flow.
The Form 4 filed with the SEC on 07/02/2025 shows that Baldwin Insurance Group (ticker BWIN) director Joseph John Kadow acquired 645 Class A common shares on 07/01/2025 at a stated price of $0.00, suggesting the shares were granted as part of director compensation rather than bought on the open market. Following the transaction, Kadow’s direct ownership rises to 15,257 shares, while his indirect holding through the Joseph J. Kadow Revocable Trust remains unchanged at 5,000 shares. No derivative securities transactions were reported. Because the purchase represents a small absolute amount and was executed at no cost, the market impact is expected to be minimal; however, it nonetheless signals that the director’s equity stake continues to increase, which many investors view as a modest sign of insider confidence.
Form 4 Snapshot (BWIN)
On 07/01/2025, Baldwin Insurance Group, Inc. (ticker BWIN) filed a Form 4 disclosing that director Ellyn Shook acquired 645 shares of the company’s Class A common stock. The transaction was coded “A,” indicating a grant, award or other acquisition, and was executed at a stated price of $0.00 per share. Following the award, Shook’s direct beneficial ownership increased to 10,102 shares. No dispositions or derivative security transactions were reported.
Baldwin Insurance Group (BWIN) – Form 4 insider transaction
Director Sunita Parasuraman reported one transaction dated 07/01/2025. The filing shows an award of 645 Class A common shares at a stated price of $0.00, indicating it was likely part of an equity compensation program rather than an open-market purchase. Following the award, the director’s direct beneficial ownership rises to 10,102 shares. No dispositions, derivative securities, or additional transactions were disclosed. Aside from the routine certification language, the document contains no further financial or strategic commentary.