Baldwin Insurance Group, Inc. (BWIN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BWIN currently has 96.8M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 52.67% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 04, 2026 |
10-Q filing | 96.8M shares outstanding |
97M | 0 |
| Jan 02, 2026 |
8-K filing: The company issued 23,951,021 shares of Class A common stock pursuant to acquisition agreements and also issued equity consideration as part of a transaction agreement. |
69M | 0 |
| Dec 02, 2025 |
8-K filing: The Baldwin Insurance Group, Inc. will issue 23,200,000 shares of Class A Common Stock as part of the acquisition of Cobbs Allen Capital Holdings, LLC. |
69M | 0 |
| Nov 04, 2025 |
10-Q filing | 68.6M shares outstanding |
69M | 0 |
| Aug 05, 2025 |
10-Q filing | 68.0M shares outstanding |
68M | 0 |
| May 06, 2025 |
10-Q filing | 69.3M shares outstanding |
69M | 0 |
| Feb 25, 2025 |
10-K filing | 63.5M shares outstanding |
63M | 0 |
| Nov 04, 2024 |
10-Q filing | 64.0M shares outstanding |
64M | 0 |
| Aug 06, 2024 |
10-Q filing | 63.1M shares outstanding |
63M | 0 |
| May 07, 2024 |
10-Q filing | 65.3M shares outstanding |
65M | 0 |
| Feb 28, 2024 |
10-K filing | 60.1M shares outstanding |
60M | 0 |
| Nov 07, 2023 |
10-Q filing | 60.5M shares outstanding |
61M | 0 |
| Aug 09, 2023 |
10-Q filing | 60.1M shares outstanding |
60M | 0 |
| May 09, 2023 |
10-Q filing | 58.7M shares outstanding |
59M | 0 |
| Feb 28, 2023 |
10-K filing | 56.8M shares outstanding |
57M | 0 |
| Nov 07, 2022 |
10-Q filing | 57.3M shares outstanding |
57M | 0 |
| Aug 09, 2022 |
10-Q filing | 59.9M shares outstanding |
60M | 0 |
| May 10, 2022 |
10-Q filing | 58.7M shares outstanding |
59M | 0 |
| Mar 01, 2022 |
10-K filing | 58.7M shares outstanding |
59M | 0 |
| Nov 19, 2021 |
8-K filing: BRP Group, Inc. entered into an agreement to acquire Construction Risk Partners, LLC, issuing 936,013 units of Baldwin Risk Partners, LLC, each redeemable for one share of Class A common stock of BRP Group, and 936,013 corresponding shares of Class B common stock of BRP Group. |
57M | 0 |
| Nov 08, 2021 |
8-K filing: BRP Group, Inc. issued 201,189 shares of Class A common stock and 696,897 shares of Class B common stock (redeemable for Class A common stock) as part of the upfront consideration for the acquisition of Wood Gutmann & Bogart Insurance Brokers. |
45M | 0 |
| Nov 08, 2021 |
10-Q filing | 56.9M shares outstanding |
57M | 0 |
| Sep 13, 2021 |
8-K filing: BRP Group, Inc. issued 1,821,625 units of Baldwin Risk Partners, LLC, each redeemable for one share of Class A common stock, and 1,821,625 shares of BRP Group's Class B common stock as part of the consideration for the acquisition of Jacobson, Goldfarb & Scott, Inc. and related entities. |
45M | 0 |
| Sep 10, 2021 |
8-K filing: BRP Group subsidiary, Insgroup, acquired K&S Insurance Agency, issuing 1,018,874 units of Baldwin Risk Partners, LLC redeemable for Class A common stock, and corresponding 1,018,874 shares of BRP Group's Class B common stock. |
45M | 0 |
| Aug 09, 2021 |
10-Q filing | 44.7M shares outstanding |
45M | 0 |
| Jul 28, 2021 |
8-K filing: BRP Group, Inc. issued shares and units in connection with acquisitions of FounderShield and TCG, with upfront consideration including cash, shares of Class A common stock, units of Baldwin Risk Partners, LLC redeemable for Class A common stock, and corresponding shares of Class B common stock. |
46M | 0 |
| May 10, 2021 |
10-Q filing | 45.8M shares outstanding |
46M | 0 |
| Mar 11, 2021 |
10-K filing | 45.8M shares outstanding |
46M | 0 |
| Dec 04, 2020 |
8-K filing: BRP Group acquired Armfield, Harrison & Thomas, Inc. for $190.3 million in cash and 784,222 shares of BRP Group's Class A common stock. |
34M | 0 |
| Nov 12, 2020 |
10-Q filing | 34.0M shares outstanding |
34M | 0 |
| Nov 12, 2020 |
8-K filing: BRP Group, Inc. issued 25,491 shares of Class A common stock on July 31, 2020, as part of the consideration for the acquisition of Medicare Insurance Advisors, Inc. Additionally, BRP Group will issue 154,695 shares of Class A common stock and 3,790,020 shares of Class B common stock for the acquisition of Insgroup, Inc., expected to close on November 30, 2020. |
34M | 0 |
| Aug 13, 2020 |
10-Q filing | 33.9M shares outstanding |
34M | 0 |
| Jun 22, 2020 |
S-1 filing: This S-1 filing describes an offering of Class A common stock, with 11,500,000 shares offered. The company intends to use the net proceeds from this offering to purchase LLC Units from Baldwin Risk Partners, LLC and certain individuals. |
31M | 0 |
| May 13, 2020 |
10-Q filing | 19.8M shares outstanding |
20M | 0 |
| Mar 24, 2020 |
10-K filing | 19.9M shares outstanding |
20M | 0 |