Baldwin Insurance Group, Inc. (BWIN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 04, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 52.67% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
97M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

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

Outstanding Shares
Total Supply

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
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