The Baldwin Insurance Group Inc

BWIN

Equity

ISIN US05589G1022 / Valor 50247930

NASDAQ (2024-12-26)

USD 39.62+0.89%

The Baldwin Insurance Group Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

The Baldwin Insurance Group Inc. is a comprehensive advisory firm that specializes in providing a range of services including insurance, risk mitigation, employee benefits, and wealth management. Catering to both businesses and individuals, the firm offers tailored solutions designed to address specific client needs in these areas. With a focus on delivering expert advice and strategic planning, The Baldwin Insurance Group aims to help clients manage risks, protect assets, and achieve financial stability. The company is led by entrepreneurs and has received industry recognition for its service excellence.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the first quarter of 2024, The Baldwin Insurance Group Inc reported a significant increase in total revenue, which rose by 15% year over year to $380.4 million. This growth is attributed to a robust performance in organic revenue, which saw a 16% increase from the previous year.

Net Income and EPS

The Baldwin Insurance Group Inc achieved a GAAP net income of $39.1 million in the first quarter of 2024, with a GAAP diluted earnings per share (EPS) of $0.33. Additionally, the adjusted diluted EPS experienced a notable growth of 33%, reaching $0.56.

Adjusted EBITDA Improvement

For the first quarter of 2024, The Baldwin Insurance Group Inc reported a 29% year-over-year growth in adjusted EBITDA, totaling $101.7 million. The adjusted EBITDA margin also expanded by 280 basis points to 27%, compared to 24% in the prior-year period.

Free Cash Flow

The Baldwin Insurance Group Inc saw a substantial increase in free cash flow, which grew 51% year over year to $53.3 million in the first quarter of 2024. This improvement highlights the company's enhanced operational efficiency and cash generation capabilities.

Future Outlook and Expansion

Looking ahead, The Baldwin Insurance Group Inc remains optimistic about its growth trajectory and strategic initiatives. The company's recent entry into the multifamily insurance market in Canada and its ongoing integration efforts are expected to further strengthen its market position and enhance shareholder value.

Summarized from source with an LLMView Source

Key figures

58.6%1Y

13.8%3Y

155%5Y

Performance

41.3%1Y

49.7%3Y

53.1%5Y

Volatility