The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides private risk management, commercial risk management, employee benefits, and Medicare insurance solutions for businesses …
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Competitive advantage assessment
Key strengths
Consistent Capital Returns Through CyclesCapital adequacy stability is high (score 0.85), demonstrating resilience through insurance market cycles.
Consistent Investment IncomeInvestment consistency is high (score 0.95), reflecting a stable portfolio with predictable float income.
Key risks
Below-Peer Float ReturnsFloat return signal is weak (score 0.35), indicating below-peer investment yields limiting overall profitability.
Declining Premium Growth TrendPremium growth trend is weak (signal score 0.05), indicating potential market share erosion or soft pricing environment.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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The Baldwin Insurance Group, In ranks #13 of 21
scored companies in Insurance Brokers by moat score — the top 62%.
The widest moat in the group is Brown & Brown, Inc. (BRO)
at 82/100.
Moat scores for companies ranked near BWIN in Insurance Brokers
How BWIN scores on the Insurance & Reinsurance defenses
Underwriting Discipline
Score 50
· 25% of the moat score
Underwriting discipline is the core insurance moat, and it consists mostly of the willingness to lose business.
Float Investment Quality
Score 65
· 20% of the moat score
Float is the money an insurer holds between collecting premiums and paying claims — capital it invests but does not own.
Pricing Power
Score 22
· 18% of the moat score
For an insurer, pricing power is the ability to push rate ahead of claims inflation and keep the policyholders anyway.
Capital Strength & Solvency
Score 65
· 17% of the moat score
Capital is what lets an insurer credibly promise to pay a claim that has not happened yet, and it is scrutinised by regulators and rating agencies alike.
Operational Efficiency
Score 67
· 12% of the moat score
The expense ratio — what it costs to acquire and administer a policy — is the half of the combined ratio management fully controls.
Scale & Diversification
Score 20
· 8% of the moat score
Diversification is a real economic advantage in insurance rather than a portfolio preference: risks spread across perils, geographies and lines are less likely to arrive at once, so the same capital supports more premium.
What is The Baldwin Insurance Group, In's moat score?
The Baldwin Insurance Group, In (BWIN) scores 50 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #13 of 21 scored companies in Insurance Brokers, the top 62%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 20 companies in Insurance Brokers. Its strongest defense is Operational Efficiency (67/100) and its weakest is Scale & Diversification (20/100).
How does The Baldwin Insurance Group, In compare with other Insurance Brokers companies?
The Baldwin Insurance Group, In ranks #13 of 21 scored companies in Insurance Brokers by moat score. The widest moat in Insurance Brokers is Brown & Brown, Inc. (BRO) at 82/100. The companies ranked closest are Goosehead Insurance, Inc. (GSHD) at 55 just above it and SelectQuote, Inc. (SLQT) at 50 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Insurance & Reinsurance in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 20 companies in Insurance Brokers. The defenses are then weighted to produce the overall score out of 100.
Why is The Baldwin Insurance Group, In scored with the Insurance & Reinsurance template?
An insurer is paid before it knows what its product cost, and invests the money in the meantime. Profit therefore comes from two sources that must both work: pricing risk better than rivals, and earning a return on the float those premiums create. The Insurance template scores that pair, along with the capital that lets a company survive the year in which the losses arrive together.
Which competitive defenses are measured for The Baldwin Insurance Group, In?
The Insurance & Reinsurance template measures 6 defenses, and BWIN scores: Underwriting Discipline (50), Float Investment Quality (65), Pricing Power (22), Capital Strength & Solvency (65), Operational Efficiency (67), Scale & Diversification (20). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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