Baldwin Insurance Q3 revenue misses estimates

Baldwin Insurance group

27/10/2026 13:09

Overview
US insurance distributor's preliminary Q3 revenue rose 31% but missed analyst expectations
Preliminary adjusted EBITDA grew 47% but slightly missed analyst consensus
Company entered definitive merger agreement for take-private deal expected to close Q1 2027

Outlook
Company did not provide specific financial guidance for future quarters or the full year

Result Drivers
ACQUISITIONS - Co said total revenue growth was driven by commissions and fees from newly acquired partners
ORGANIC GROWTH - Co reported 6% organic revenue growth year-over-year
INTEGRATION EXPENSES - Transaction-related partnership and integration expenses contributed to net loss in Q3

Company press release: ID:nBwcglnLsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$480.26 mln
$493.10 mln (6 Analysts)
Q3 Net Loss
 
$81.64 mln
 
Q3 Adjusted EBITDA
Slight Miss*
$106.86 mln
$107.53 mln (5 Analysts)
Q3 Adjusted EBITDA Margin
 
22.20%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy."
Wall Street's median 12-month price target for The Baldwin Insurance Group, Inc. is $32.50, about 1.6% above its October 26 closing price of $31.99
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Oct 26 - Insurance brokerage Brown & Brown's Q3 revenue misses estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)