Baldwin Insurance Group, Inc. reported results for the quarter ended Q2 2026 with revenue of $492.9M, a consolidated net loss of $(56.0)M and diluted EPS of $(0.42), reflecting year‑over‑year revenue growth alongside wider losses driven by integration and transformation costs.
Financial Highlights
- Revenue was $492.9M for Q2 2026, compared with $378.8M in the year‑ago quarter; YoY change 30%.
- Net income was a consolidated net loss of $(56.0)M for Q2 2026, compared with a net loss of $(5.1)M in the year‑ago quarter.
- Diluted EPS was $(0.42) for Q2 2026, compared with $(0.05) in the year‑ago quarter.
Business Highlights
- Revenue growth: Core commissions and fees increased roughly 30% YoY; total revenues were up 29% year‑to‑date, driven by partnership contributions and organic profit share.
- Partnership expansion: Completed three major partnerships in January 2026 with CAC Group, Obie and Capstone, adding specialty capabilities, embedded distribution and regional scale.
- Channel & product momentum: MSI embedded renters and homebuilder channels expanded; MSI and MGA suite grew to more than 20 proprietary products.
- Operational investment: Increased spending on technology, MSI manufacturing and talent (about 5,000 colleagues, including ~800 risk advisors) to support organic growth.
- Seasonality & integration: The company noted Q1 is historically strongest; recent partnerships have increased seasonality and led to near‑term integration, transformation and amortization costs weighing on results.
Original SEC Filing:
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