Tampa-based Baldwin Insurance Group, Inc. (BWIN) reported a loss of $25.9 million in its fourth quarter, the second quarter for significant red ink.
On a per-share basis, the Tampa, Florida-based company said it had a loss of 37 cents. Earnings, adjusted for one-time gains and costs, came to 31 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The company posted revenue of $347.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $354.3 million.
For the year, the company reported that its loss widened to $33.8 million, or 50 cents per share. Revenue was reported as $1.5 billion.
The Baldwin Insurance Group shares have fallen 23% since the beginning of the year. In the final minutes of trading on Thursday last week, shares hit $18.49, a drop of 54% in the last 12 months.
Baldwin Group CEO Trevor Baldwin suggested that 2026 should be more profitable.
“2025 was a year of significant progress for The Baldwin Group,” he said in a statement. “We delivered our sixth consecutive year of top-of-industry organic growth, expanded margins, and grew adjusted diluted EPS by double digits—all while navigating meaningful near-term headwinds that will shortly be behind us.”
The earnings release came one day before Baldwin announced a change in leadership. Amy Carlisle recently took over as CEO of underwriting, capacity and technology solutions operating group, succeeding Jim Roche. Roche is now executive chair of underwriting and capacity for the next three years, the company said in a news release last week.
Carlisle has spent the past four years building Baldwin’s managing general agent, known as MSI or Millenial Specialty Insurance. The MGA has double in size under her leadership, the company said. Previously, she was head of insurance product management at Baldwin. Before that, Carlisle spent 15 years with Liberty Mutual Insurance.
Baldwin also announced it has teamed up with Fairway Independent Mortgage Corp. to launch Fairway Home Insurance Agency. The move will allow the lender to offer homeowners insurance and other coverage to mortgagees. The addition of Fairway as an embedded partner will enhance Baldwin’s ability to support the seamless sale of insurance solutions at the point of mortgage origination and home sale, while complementing Baldwin’s existing portfolio of embedded national mortgage and real estate partners,” Baldwin said in a statement.
Related: Baldwin Group Posts $30M Q3 Loss But Expects More Embedded Builders Growth
The Q4 article was generated with help from Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Topics
Profit Loss
Underwriting
Interested in Profit Loss?
Get automatic alerts for this topic.
