Baldwin Insurance Group Reaches $1.5B Revenue with 50% CAGR, Covers 57% of New Homes
Baldwin Insurance Group grew revenue from $135 million in 2019 to $1.5 billion in 2025, with $340 million of adjusted EBITDA, 50% CAGR and 7% organic growth in 2025. Its embedded platform covers 57% of 2024 U.S. new-home sales via partnerships with leading builders and secured a 10-year Fairway Mortgage deal.
1. Strong Financial Performance
Baldwin Insurance Group expanded revenue from $135 million in 2019 to $1.5 billion in 2025, delivering $340 million of adjusted EBITDA and achieving a compound annual growth rate of 50%. The company reported 7% organic growth in 2025, which normalizes to 10% after adjusting for a $30 million headwind from transition, accounting changes and marketplace disruption.
2. Embedded Insurance Platform Expansion
The firm’s embedded insurance segment partners with 20 of the top 25 U.S. home builders, covering 57% of new-home sales in 2024. It launched the proprietary Coverage Navigator mortgage platform with 12 partners and inked a 10-year exclusive agreement with the sixth-largest independent mortgage lender, Fairway Mortgage.
3. Acquisition and Integration Efforts
On January 1, Baldwin closed acquisitions of Capstone Group ($10 million revenue), Obie and CAC (over $300 million revenue and 600 colleagues). Early integration has produced $32 million in new business versus $19.6 million last year and actioned $25 million of anticipated $43 million cost synergies within 60 days.