Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-04

Baldwin Insurance Group, Inc. (BWIN)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,253,032
Trevor Baldwin total, FY2025
36th
CEO pay percentile vs peers
63:1
CEO-to-median pay ratio
95.81%
Say-on-pay support, latest vote
Companies that benchmark against BWIN
6 companies name BWIN as a compensation peer

Each company listed discloses BWIN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BWIN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Trevor Baldwin$400,000$0$3,068,032$0$1,785,000$0$0$5,253,032
Chief Executive Officer
Jim Roche300,00001,380,5950807,188012,0002,499,783
President, The Baldwin Group and Chief Executive Officer, Underwriting, Capacity & Technology Operations
Daniel Galbraith300,00001,380,5950670,500022,3002,373,395
President, The Baldwin Group and Chief Executive Officer, Retail Brokerage Operations
Bradford Hale300,0001,380,595672,18820,2402,373,023
Chief Financial Officer
Seth Cohen300,000613,556448,12511,8411,373,522
General Counsel and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Trevor Baldwin$5,253,032$5,707,414$6,398,090−454,382
Jim Roche2,499,7832,793,386−293,603
Daniel Galbraith2,373,3953,585,2253,148,898−1,211,830
Bradford Hale2,373,0232,815,4253,165,398−442,402
Seth Cohen1,373,5221,375,811−2,289

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jim RochePSU2025-02-2811,02822,05622,05677,198$1,380,595
Seth CohenPSU2025-02-284,9009,8029,80234,310613,556
Trevor BaldwinPSU2025-02-2824,50649,01449,014171,5523,068,032
Bradford HalePSU2025-02-2811,02822,05622,05677,1981,380,595
Daniel GalbraithPSU2025-02-2811,02822,05622,05677,1981,380,595
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jim Roche$0$1,380,595$0100.0%
Seth Cohen0613,5560100.0%
Trevor Baldwin03,068,0320100.0%
Bradford Hale01,380,5950100.0%
Daniel Galbraith01,380,5950100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
CohenPSU2,724$65,458
Bradford HalePSU2,82667,909
Bradford HalePSU62,0071,490,028
Bradford HalePSU16,542397,504
Jim RochePSU16,542397,504
Daniel GalbraithPSU16,542397,504
Daniel GalbraithPSU2,82667,909
Bradford HalePSU2,82667,909
Bradford HalePSU62,0071,490,028
Daniel GalbraithPSU62,0071,490,028
CohenPSU2,27954,764
CohenPSU2,72465,458
CohenPSU1,41233,930
Jim RochePSU62,0071,490,028
Bradford HaleRSU25,000600,750
Daniel GalbraithPSU16,542397,504
Bradford HalePSU61,3241,473,616
Bradford HalePSU1,02324,583
CohenPSU14,816356,028
BaldwinPSU1,70540,971
BaldwinPSU36,760883,343
CohenPSU15,331368,404
BaldwinPSU36,760883,343
CohenPSU7,351176,645
Bradford HalePSU61,3241,473,616
Bradford HaleRSU25,000600,750
Jim RochePSU2,30855,461
CohenPSU1,41233,930
CohenPSU2,27954,764
Jim RochePSU2,30855,461
Jim RochePSU16,542397,504
Daniel GalbraithPSU1,02324,583
BaldwinPSU137,7943,311,190
CohenPSU15,331368,404
BaldwinPSU6,594158,454
CohenPSU7,351176,645
BaldwinPSU1,70540,971
BaldwinPSU137,7943,311,190
BaldwinPSU136,2783,274,760
Jim RochePSU62,0071,490,028
Daniel GalbraithPSU61,3241,473,616
Jim RochePSU61,3241,473,616
Bradford HalePSU16,542397,504
Daniel GalbraithPSU2,82667,909
BaldwinPSU6,594158,454
CohenPSU14,816356,028
Bradford HalePSU1,02324,583
Daniel GalbraithPSU1,02324,583
Daniel GalbraithPSU61,3241,473,616
Daniel GalbraithPSU62,0071,490,028
BaldwinPSU136,2783,274,760
Jim RochePSU61,3241,473,616
05

Incentive-plan design — the Compensation Discussion & Analysis

We pay for performance. We have crafted a compensation program that aligns our NEO compensation to the interests of our shareholders long-term interests. We have historically set below-market base salaries, which are currently significantly below the 25th percentile for all our NEOs compared to our compensation peer group and Third-Party Surveys.

CEO STI target (% of salary)400%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0494,240,2934,125,200786,95695.81%Passed
20252025-06-0597,572,4892,664,822361,39297.34%Passed
20242024-06-0590,498,3439,263,04830,83190.71%Passed
20232023-06-0594,171,399635,2043,917,32399.33%Passed
20222022-06-2181,812,09670,5721,667,82399.91%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0495.81%a
20252025-06-0597.34%b
20242024-06-0590.71%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)63 : 1
CEO total compensation$5,253,032
Median employee compensation$82,962
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Lowry BaldwinEmployee director · Board Chair · Executive (Chair)$0$0$0$689,585$689,585
Chris SullivanIndependent · Lead Independent Director · Executive · Compensation · Nominating and Corporate Governance130,000103,587000233,587
Barbara MatasIndependent · Audit (Chair) · Technology and Cyber Risk125,000103,587000228,587
Sathish MuthukrishnanIndependent · Technology and Cyber Risk (Chair)120,000103,587000223,587
Ellyn ShookIndependent · Compensation (Chair) · Nominating and Corporate Governance120,000103,587000223,587
Joseph KadowIndependent · Audit · Nominating and Corporate Governance (Chair)120,000103,587000223,587
Jay CohenIndependent · Audit · Compensation105,000103,587000208,587
Sunita ParasuramanIndependent · Audit · Technology and Cyber Risk105,000103,587000208,587
Myron WilliamsIndependent · Compensation · Nominating and Corporate Governance105,000103,587000208,587
Paul SparksNot independent · Partial-year service · Newly elected000000
Trevor BaldwinEmployee director · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$930,000
Equity awards (grant-date value)$828,696
All other compensation$689,585
Total cost of the board$2,448,281

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Baldwin Insurance Group, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Baldwin Insurance Group, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Palomar Holdings, Inc.2025Mac Armstrong$1,243,269$3,862,330$0$3,843,298$8,961,148
2Brown & Brown, Inc.2025J. Powell Brown1,250,0002,958,77303,048,0008,641,088
3Stewart Information Services Corp.2025Frederick Eppinger1,100,0004,399,91002,206,1747,865,929
4RLI Corp.2025Craig Kliethermes677,5960831,8056,075,3197,691,732
5Kinsale Capital Group, Inc.2025Michael Kehoe1,250,0002,749,589007,423,891
6CBIZ, Inc.2025Jerome P. Grisko Jr.993,7505,237,6770576,0007,063,348
7Selective Insurance Group, Inc.2025John Marchioni1,050,0004,000,07601,575,0006,858,564
8Primerica, Inc.2025Glenn Williams750,0002,749,90701,917,0005,638,658
9Erie Indemnity Company2025Timothy NeCastro1,376,923752,67601,209,6005,395,618
10Baldwin Insurance Group, Inc.2025Trevor Baldwin400,0003,068,03201,785,0005,253,032
11Goosehead Insurance, Inc.2025Mark K. Miller750,00003,682,40004,850,272
12Hagerty, Inc.2025McKeel Hagerty1,185,417200,88603,319,1694,732,132
13Safety Insurance Group, Inc.2025George Murphy850,0001,100,00001,476,8804,187,838
14Employers Holdings, Inc.2025Katherine Antonello881,0422,012,6640242,0003,261,998
15Ryan Specialty Holdings, Inc.2025Benjamin Wuller830,76900810,9001,653,419

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Baldwin Insurance Group, Inc.111.6%PSU 100Yes — Relative TSR v. Compensation Peer GroupFrederic W. Cook & Co., Inc.
Brown & Brown, Inc.81%PSU 75 · RSU 25NoFW Cook
CBIZ, Inc.64.0%RSU 50 · PSU 50NoMeridian Compensation Partners
Employers Holdings, Inc.25%PSU 65 · RSU 35NoCAP
Erie Indemnity Company50%PSU 75 · RSU 25NoAon
Goosehead Insurance, Inc.not disclosedOptions 100not disclosedindependent Compensation Consultant
Hagerty, Inc.140%PSU 100NoMercer
Kinsale Capital Group, Inc.272%RSU 100not disclosedSemler Brossy
Palomar Holdings, Inc.176%PSU 50 · RSU 50NoPay Governance
Primerica, Inc.127.8%RSU 50 · PSU 50NoPearl Meyer & Partners
RLI Corp.not disclosedOptions 100not disclosedLockton Financial Advisors, LLC
Ryan Specialty Holdings, Inc.31.2%not disclosedNoFrederic W. Cook & Co.
Safety Insurance Group, Inc.139%PSU 55 · RSU 45NoPay Governance
Selective Insurance Group, Inc.150.0%RSU 75 · Cash LTI 25Yes — Cumulative TSR over the three-year performance periodExequity LLP
Stewart Information Services Corp.114.6%PSU 50 · RSU 50NoMercer (US) LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Baldwin Insurance Group, Inc. in fiscal 2025?
As disclosed, the highest-paid executive was Trevor Baldwin, who served as Chief Executive Officer with total compensation of $5,253,032.
How does Baldwin Insurance Group, Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows that the CEO's pay placed him in the 36th percentile of the disclosed peer group.
What is Baldwin Insurance Group, Inc.'s CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 63:1.
How did shareholders vote on Baldwin Insurance Group, Inc.'s executive compensation?
Shareholders provided 95.81% support for the latest executive compensation proposal.
How much does Baldwin Insurance Group, Inc. spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $2,448,281.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Trevor BaldwinDEF 14A2026-04-220001781755-26-000027Section “Summary Compensation Table” · page 51. As printed: 5,253,032. Filing ↗machine: r3 · c45 · span 1118179–1118188
2Section 01, Jim RocheDEF 14A2026-04-220001781755-26-000027Section “Summary Compensation Table” · page 51. As printed: 2,499,783. Filing ↗machine: r18 · c45 · span 1158319–1158328
3Section 01, Daniel GalbraithDEF 14A2026-04-220001781755-26-000027Section “Summary Compensation Table” · page 51. As printed: 2,373,395. Filing ↗machine: r13 · c45 · span 1144774–1144783
4Section 01, Bradford HaleDEF 14A2026-04-220001781755-26-000027Section “Summary Compensation Table” · page 51. As printed: 2,373,023. Filing ↗machine: r8 · c45 · span 1131420–1131429
5Section 01, Seth CohenDEF 14A2026-04-220001781755-26-000027Section “Summary Compensation Table” · page 51. As printed: 1,373,522. Filing ↗machine: r23 · c45 · span 1169618–1169627
6Section 03, Jim Roche PSUDEF 14A2026-04-220001781755-26-000027Section “TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS” · grants of plan-based awards table. Filing ↗machine: t186 · r18 · c11 · span 1157094–1157103
7Section 03, Seth Cohen PSUDEF 14A2026-04-220001781755-26-000027Section “TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS” · grants of plan-based awards table. Filing ↗machine: t175 · r7 · c2 · span 1049641–1049646
8Section 03, Trevor Baldwin PSUDEF 14A2026-04-220001781755-26-000027Section “TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS” · grants of plan-based awards table. Filing ↗machine: t175 · r3 · c2 · span 1046043–1046049
9Section 03, Bradford Hale PSUDEF 14A2026-04-220001781755-26-000027Section “TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS” · grants of plan-based awards table. Filing ↗machine: t175 · r4 · c2 · span 1046915–1046921
10Section 03, Daniel Galbraith PSUDEF 14A2026-04-220001781755-26-000027Section “TABLE OF CONTENTS COMPENSATION DISCUSSION AND ANALYSIS” · grants of plan-based awards table. Filing ↗machine: t186 · r13 · c11 · span 1143549–1143558
11Section 07, pay ratioDEF 14A2026-04-220001781755-26-000027Section “CEO Pay Ratio”. As printed: 63 : 1. Filing ↗machine: span 1574656–1574663
12Section 08, Lowry BaldwinDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 689,585. Filing ↗machine: t94 · r3 · c9 · span 660125–660132
13Section 08, Chris SullivanDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 233,587. Filing ↗machine: t94 · r10 · c11 · span 675915–675922
14Section 08, Barbara MatasDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 228,587. Filing ↗machine: t94 · r6 · c11 · span 667039–667046
15Section 08, Sathish MuthukrishnanDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 223,587. Filing ↗machine: t94 · r7 · c11 · span 669388–669395
16Section 08, Ellyn ShookDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 223,587. Filing ↗machine: t94 · r9 · c11 · span 673823–673830
17Section 08, Joseph KadowDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 223,587. Filing ↗machine: t94 · r5 · c11 · span 664948–664955
18Section 08, Jay CohenDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 208,587. Filing ↗machine: t94 · r4 · c11 · span 662608–662615
19Section 08, Sunita ParasuramanDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 208,587. Filing ↗machine: t94 · r8 · c11 · span 671484–671491
20Section 08, Myron WilliamsDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 208,587. Filing ↗machine: t94 · r11 · c11 · span 678641–678648
21Section 08, Paul SparksDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Trevor BaldwinDEF 14A2026-04-220001781755-26-000027Section “Director Compensation”. As printed: 0. Filing ↗
23Section 06, 2026 voteForm 8-K2026-06-040001781755-26-000042Item 5.07 · say-on-pay result. As reported: 95.81% (votes for as printed: 94,240,293). Filing ↗
24Section 06, 2025 voteForm 8-K2025-06-060001781755-25-000076Item 5.07 · say-on-pay result. As reported: 97.34% (votes for as printed: 97,572,489). Filing ↗
25Section 06, 2024 voteForm 8-K2024-06-060001781755-24-000035Item 5.07 · say-on-pay result. As reported: 90.71% (votes for as printed: 90,498,343). Filing ↗
26Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
27Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
28Section 09b board cost (computed)ComputedcomputedCash 930,000 + equity 828,696 + all other 689,585 = 2,448,281, summed across the director compensation table rows.machine: formula: Σ = 2,448,281
29Palomar Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-100002071876-26-000105CEO total compensation as printed in Palomar Holdings, Inc.'s own proxy. As printed: 8,961,148. Filing ↗machine: r1 · c6 · span 800817–800826
30Brown & Brown, Inc., Section 10b CEO totalDEF 14A2026-03-240001193125-26-122172CEO total compensation as printed in Brown & Brown, Inc.'s own proxy. As printed: 8,641,088. Filing ↗machine: t175 · r3 · c34 · span 1145470–1145479
31Stewart Information Services Corp., Section 10b CEO totalDEF 14A2026-03-250001104659-26-034511CEO total compensation as printed in Stewart Information Services Corp.'s own proxy. As printed: 7,865,929. Filing ↗machine: span 772754–772763
32RLI Corp., Section 10b CEO totalDEF 14A2026-03-260001104659-26-035213CEO total compensation as printed in RLI Corp.'s own proxy. As printed: 7,691,732. Filing ↗machine: t146 · r9 · c18 · span 1221310–1221319
33Kinsale Capital Group, Inc., Section 10b CEO totalDEF 14A2026-04-090001669162-26-000020CEO total compensation as printed in Kinsale Capital Group, Inc.'s own proxy. As printed: 7,423,891. Filing ↗machine: r3 · c42 · span 299293–299302
34CBIZ, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140188CEO total compensation as printed in CBIZ, Inc.'s own proxy. As printed: 7,063,348. Filing ↗machine: t75 · span 435337–435346
35Selective Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-260001104659-26-034953CEO total compensation as printed in Selective Insurance Group, Inc.'s own proxy. As printed: 6,858,564. Filing ↗machine: span 752843–752852
36Primerica, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-139047CEO total compensation as printed in Primerica, Inc.'s own proxy. As printed: 5,638,658. Filing ↗machine: t128 · r2 · c5 · span 1455776–1455785
37Erie Indemnity Company, Section 10b CEO totalDEF 14A2026-03-200001193125-26-116761CEO total compensation as printed in Erie Indemnity Company's own proxy. As printed: 5,395,618. Filing ↗machine: t73 · r3 · c31 · span 543359–543368
38Baldwin Insurance Group, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-220001781755-26-000027CEO total compensation as printed in Baldwin Insurance Group, Inc.'s own proxy. As printed: 5,253,032. Filing ↗machine: r3 · c45 · span 1118179–1118188
39Goosehead Insurance, Inc., Section 10b CEO totalDEF 14A2026-03-250001726978-26-000025CEO total compensation as printed in Goosehead Insurance, Inc.'s own proxy. As printed: 4,850,272. Filing ↗machine: t19 · r7 · c7 · span 485466–485475
40Hagerty, Inc., Section 10b CEO totalDEF 14A2026-04-300001628280-26-028911CEO total compensation as printed in Hagerty, Inc.'s own proxy. As printed: 4,732,132. Filing ↗machine: r2 · c12 · span 1379171–1379180
41Safety Insurance Group, Inc., Section 10b CEO totalDEF 14A2026-03-310001172052-26-000009CEO total compensation as printed in Safety Insurance Group, Inc.'s own proxy. As printed: 4,187,838. Filing ↗machine: t51 · r5 · c16 · span 552394–552403
42Employers Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-160001379041-26-000015CEO total compensation as printed in Employers Holdings, Inc.'s own proxy. As printed: 3,261,998. Filing ↗machine: r2 · c27 · span 517005–517014
43Ryan Specialty Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-170001849253-26-000013CEO total compensation as printed in Ryan Specialty Holdings, Inc.'s own proxy. As printed: 1,653,419. Filing ↗machine: r15 · c8 · span 1260449–1260458
44Section 10a, CBIZ, Inc. reciprocityDEF 14A0001193125-26-140188CBIZ, Inc.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
45Section 10a, Brown & Brown, Inc. reciprocityDEF 14A0001193125-26-122172Brown & Brown, Inc.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
46Section 10a, Goosehead Insurance, Inc. reciprocityDEF 14A0001726978-26-000025Goosehead Insurance, Inc.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
47Section 10a, Safety Insurance Group, Inc. reciprocityDEF 14A0001172052-26-000009Safety Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
48Section 10a, Ryan Specialty Holdings, Inc. reciprocityDEF 14A0001849253-26-000013Ryan Specialty Holdings, Inc. names Baldwin Insurance Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, RLI Corp. reciprocityDEF 14A0001104659-26-035213RLI Corp.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
50Section 10a, Hagerty, Inc. reciprocityDEF 14A0001628280-26-028911Hagerty, Inc. names Baldwin Insurance Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, Erie Indemnity Company reciprocityDEF 14A0001193125-26-116761Erie Indemnity Company's most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
52Section 10a, Employers Holdings, Inc. reciprocityDEF 14A0001379041-26-000015Employers Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
53Section 10a, Primerica, Inc. reciprocityDEF 14A0001193125-26-139047Primerica, Inc.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗
54Section 10a, Stewart Information Services Corp. reciprocityDEF 14A0001104659-26-034511Stewart Information Services Corp.'s most recent proxy was read; its disclosed peer group does not include Baldwin Insurance Group, Inc.. Filing ↗