Baldwin Insurance Group Third Quarter 2024 Earnings: Misses Expectations

Baldwin Insurance Group (NASDAQ:BWIN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$338.9m (up 11% from 3Q 2023).
• Net loss: US$8.38m (loss narrowed by 53% from 3Q 2023).
• US$0.13 loss per share (improved from US$0.29 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Baldwin Insurance Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 19% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Baldwin Insurance Group has 2 warning signs we think you should be aware of.

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