Baldwin Insurance Group Reports Mixed but Improving Q2 Results
Baldwin Insurance Group reported mixed second-quarter results for fiscal year 2026, with revenue reaching $493 million and adjusted EBITDA rising by 37% to $117 million. Adjusted diluted earnings per share were $0.48 despite a GAAP net loss of $39 million due to one-time expenses. The company attributed its improved performance to the CAC partnership, which saw revenue increase by 23%, partially offsetting declines in legacy Insurance Advisory Solutions (IAS) organic revenue. Management maintained its full-year outlook and provided third-quarter guidance with expected mid-single-digit organic growth and adjusted EPS of $0.42–$0.46 on projected revenue between $485 million to $495 million. The company also highlighted the benefits from an AI initiative that is enhancing operational efficiency and generating cost savings. Baldwin Insurance Group ended Q2 with net leverage at 4.5 times, having spent $80 million repurchasing shares under its authorized buyback program.
Tickers: $BWIN
Topics: ebitda financial performance insurance revenue growth