Strong Overall Financial Performance
The Baldwin Group reported organic revenue growth of 11%, adjusted EBITDA growth of 14%, adjusted EBITDA margin expansion of 60 basis points, and adjusted diluted earnings per share growth of 24%.
Insurance Advisory Solutions Growth
Organic revenue growth accelerated to 10% driven by strong new business generation with sales velocity increasing from 14% in Q1 to 22% in Q2. Year-to-date sales velocity is at 18%, significantly above the industry median of 11.7%.
UCTS Segment Performance
Organic revenue growth in the Underwriting, Capacity & Technology Solutions segment was 21%, driven by strong results in the multifamily portfolio and notable growth in commissions and fees for builder and real estate investor products by 25% and 35%, respectively.
Strategic Partnerships and Acquisitions
Finalization of the third-party-led capitalization of the Builder Reciprocal Insurance Exchange and partnership with MultiStrat. Acquisition of Hippo's homebuilder distribution network, adding 8 new homebuilder partners.
Embedded Insurance Provider Milestone
The Baldwin Group will go live as the exclusive embedded insurance provider with a top 20 national mortgage originator in Q3, expected to be a growth tailwind for MIS organic growth in 2026 and beyond.