Baldwin Insurance Group (BWIN) Proxy Filing summary

Executive summary

• Achieved 14% total revenue growth to $1.4 billion in 2024, with 17% organic revenue growth and industry-leading performance compared to peers.

• Marked the fifth anniversary of IPO, highlighting reduced debt, paid earnout obligations, increased margins, EPS, and free cash flow.

• Emphasized a culture of high achievement, colleague engagement, and external recognition as a “Best Place to Work.”

• Outlined a five-year aspirational goal: $3 billion in revenue and 30% margin, leveraging technology and AI for future growth.

Voting matters and shareholder proposals

• Shareholders to vote on: (1) election of three Class III directors until 2028, (2) advisory approval of executive compensation, and (3) ratification of PricewaterhouseCoopers LLP as independent auditor for 2025.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of ten directors, eight of whom are independent; leadership includes a non-independent chair and a lead independent director.

• Directors serve staggered three-year terms; diversity includes 30% gender and 30% racial diversity, with an average age of 60.

• Board committees: Audit, Compensation, Nominating and Corporate Governance, Technology and Cyber Risk, and Executive.

• Shareholder engagement is ongoing, with multiple communication channels and regular feedback incorporated into governance practices.

• Stock ownership guidelines and a clawback policy align director and executive interests with shareholders.