TAMPA, Fla. — The Baldwin Insurance Group, Inc. (BWIN) has reported a loss of $18.7 million for the third quarter of 2025, the company announced on Tuesday.
On a per-share basis, the Tampa-based insurer recorded a loss of 27 cents. However, after adjusting for amortisation costs and stock option expenses, the company reported earnings of 31 cents per share.
Despite the loss, Baldwin Insurance exceeded Wall Street’s earnings expectations. Analysts had projected earnings of 30 cents per share, according to a survey by Zacks Investment Research.
In terms of revenue, the company generated $365.4 million during the quarter, surpassing analysts’ expectations. The consensus forecast, based on a survey of three analysts, had estimated revenue of $364.3 million.
However, Baldwin Insurance Group’s stock has experienced a significant decline this year. Shares have fallen by 41% since the beginning of 2025, and by the end of Tuesday’s trading session, the company’s stock had dropped to $23.01, marking a 50% decrease over the past 12 months.