Baldwin Insurance Group Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
BWIN$32.15+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except share and per share data) | 2024 | 2023 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $148,120 | $116,209 |
| Restricted cash | 164,649 | 104,824 |
| Premiums, commissions and fees receivable, net | 702,096 | 627,791 |
| Prepaid expenses and other current assets | 11,625 | 12,730 |
| Assets held for sale | — | 64,351 |
| Total current assets | 1,026,490 | 925,905 |
| Property and equipment, net | 21,972 | 22,713 |
| Right-of-use assets | 72,367 | 85,473 |
| Other assets | 48,041 | 38,134 |
| Intangible assets, net | 953,492 | 1,017,343 |
| Goodwill | 1,412,369 | 1,412,369 |
| Total assets | $3,534,731 | $3,501,937 |
| Liabilities, Mezzanine Equity and Stockholders’ Equity | ||
| Current liabilities: | ||
| Premiums payable to insurance companies | $641,267 | $555,569 |
| Producer commissions payable | 73,126 | 64,304 |
| Accrued expenses and other current liabilities | 160,631 | 144,934 |
| Related party notes payable | 5,635 | 1,525 |
| Colleague earnout incentives | 32,826 | 8,020 |
| Current portion of contingent earnout liabilities | 142,949 | 215,157 |
| Liabilities held for sale | — | 43,931 |
| Total current liabilities | 1,056,434 | 1,033,440 |
| Revolving line of credit | — | 341,000 |
| Long-term debt, less current portion | 1,398,054 | 968,183 |
| Contingent earnout liabilities, less current portion | 2,610 | 61,310 |
| Operating lease liabilities, less current portion | 68,775 | 78,999 |
| Other liabilities | 61 | 123 |
| Total liabilities | 2,525,934 | 2,483,055 |
| Commitments and contingencies (Note 20) | ||
| Mezzanine equity: | ||
| Redeemable noncontrolling interest | 453 | 394 |
| Stockholders’ equity: | ||
| Class A common stock, par value $0.01 per share, 300,000,000 shares authorized; 67,979,419 and 64,133,950 shares issued and outstanding at December 31, 2024 and 2023, respectively | 680 | 641 |
| Class B common stock, par value $0.0001 per share, 100,000,000 shares authorized; 49,552,686 and 52,422,494 shares issued and outstanding at December 31, 2024 and 2023, respectively | 5 | 5 |
| Additional paid-in capital | 793,954 | 746,671 |
| Accumulated deficit | (211,423) | (186,905) |
| Total stockholders’ equity attributable to Baldwin | 583,216 | 560,412 |
| Noncontrolling interest | 425,128 | 458,076 |
| Total stockholders’ equity | 1,008,344 | 1,018,488 |
| Total liabilities, mezzanine equity and stockholders’ equity | $3,534,731 | $3,501,937 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.