BWIN — Stock Film
STOCK FILMSCENE 1/11BWIN · $29.65
Stock Expert AI presents
BWIN
The Baldwin Insurance Group, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
The Baldwin Insurance Group, Inc. What it actually does.

Provides commercial risk management solutions to businesses. Offers employee benefits solutions to companies. Now — the numbers.

on the stock market since 2019
5,000 employees
$2.4B market value
WHERE DOES THE MONEY COME FROM?
79%Commission Revenue
Commission RevenueConsulting and Service Fee Revenue 6%Profit Sharing Revenue 6%Policy Fee and Installment Fee Revenue 5%Earned Premium 2%Other 1%
79% of all revenue comes from a single line: Commission Revenue.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$1.5B
The loss that same year:
$33.8M
Sales don’t cover the costs; the gap drains from the cash pile every year.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing, year after year.

Average growth of 28% a year over the last 4 years. Red columns mark years that ended in a loss.

$560M
2021
2022
2023
2024
$1.5B
2025
In the vault right now:
$123.7M
DEBT: $1.8B
At this pace, that money lasts about 3.7 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
1.6×

This company is not turning a profit, so the market is pricing its sales instead: 1.6× for every dollar of annual revenue.

Against companies in its own sector, it looks cheaper than 9% of them.

Analysts' average target sits 10% above today's price.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 46% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 28% a year on average.

2
THE BRIGHT SIDE · 2/3
Sales are holding up

The company sells $1.5B a year; the problem isn’t sales — it’s costs running above that number.

3
THE BRIGHT SIDE · 3/3
Executives are buying their own stock

Over the last 12 months, company executives reported 59 buys and 58 sells. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/3
The losses continue

A loss of $33.8M against $1.5B in annual sales.

2
THE RISKS · 2/3
A thin financial cushion

The balance sheet offers little cushion against a rough stretch. Report-card grade: 7/100.

3
THE RISKS · 3/3
The price runs ahead of the earnings

Today’s price already includes part of tomorrow’s optimism. Report-card grade: 9/100.

FINALE · THE GRADE
F
27 / 100 · MoonshotScore

On our five-subject report card, BWIN sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: BWIN has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

What would you like to do next?
Open the stock page →
This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film