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Baldwin Insurance Group, Inc. balance sheet

At the end of fiscal 2025, Baldwin Insurance Group, Inc. had total assets of $3.86bn, total liabilities of $2.78bn and shareholders' equity of $600m. It held $124m in cash against $1.60bn of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents13811811690124184
Total current assets5787729261,0261,2001,846
Goodwill1,2291,4221,4121,4121,5172,652
Total assets2,8763,4623,5023,5353,8626,175
Deferred revenue (current)183130413646
Total current liabilities5416991,0331,0561,0331,721
Short-term debt991081316
Total debt8238209991,4361,6042,167
Total liabilities1,6892,3222,4832,5262,7784,753
Shareholders' equity608608560583600884
Non-controlling interests and other (assets − liabilities − equity)579532458426484537

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

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Figures from Baldwin Insurance Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Baldwin Insurance Group, Inc.