Business
The Baldwin Group Announces First Quarter 2025 Results
— Total Revenue Growth of 9% to $413.4 Million; Organic Revenue Growth(1) of 10% — — Net Income of $24.9 Million and Diluted Earnings Per Share of $0.20;
About this update from The Baldwin Insurance Group, Inc.
[{"type":"text","content":"\n— Total Revenue Growth of 9% to $413.4 Million; Organic Revenue Growth(1) of 10% —\n\n— Net Income of $24.9 Million and Diluted Earnings Per Share of $0.20; Adjusted Diluted EPS(2) Growth of 16% to $0.65 —\n\n— Adjusted EBITDA(3) Growth of 12% Year-Over-Year to $113.8 Million and Adjusted EBITDA Margin(3) of 28%; 80 Basis Point Expansion Compared to the Prior-Year Period —\n\n TAMPA, Fla.--(BUSINESS WIRE)--\nThe Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. (“Baldwin” or the “Company”) (NASDAQ: BWIN), an independent insurance distribution firm delivering tailored insurance solutions to a wide range of personal and commercial clients, today announced its results for the first quarter ended March 31, 2025.\n\nFIRST QUARTER 2025 HIGHLIGHTS\n\n\nTotal revenue increased 9% year-over-year to $413.4 million\n\n\nOrganic revenue growth of 10% year-over-year\n\n\nGAAP net income of $24.9 million and GAAP diluted earnings per share of $0.20\n\n\nAdjusted net income(2) of $76.6 million\n\n\nAdjusted diluted EPS grew 16% year-over-year to $0.65\n\n\nAdjusted EBITDA grew 12% year-over-year to $113.8 million\n\n\nAdjusted EBITDA margin of 27.5%, expansion of 80 basis points compared to 26.7% in the prior-year period\n\n\nAdjusted free cash flow(4) increased 6% year-over-year to $25.8 million\n\n\n“The resilience and durability of our business and operating model was demonstrated in the first quarter as we continued to achieve double-digit organic revenue growth while increasing adjusted EBITDA by 12% and adjusted diluted EPS by 16%,” said Trevor Baldwin, Chief Executive Officer of The Baldwin Group. “As we have reached a significant inflection point with the vast majority of our earnout obligations behind us, our growing financial flexibility leaves us well positioned to accelerate momentum across our strategic priorities.”\n\nLIQUIDITY AND CAPITAL RESOURCES\n\nAs of March 31, 2025, cash and cash equivalents were $81.8 million and the Company had $586 million of borrowing capacity under its revolving credit facility.\n\nWEBCAST AND CONFERENCE CALL INFORMATION\n\nBaldwin will host a webcast and conference call to discuss first quarter 2025 results today at 5:00 PM ET. A live webcast and a slide presentation of the conference call will be available on Baldwin’s investor relations website at ir.baldwin.com. The dial-in nu...