Articles from The Baldwin Insurance Group, Inc.

The Baldwin Group announced today that, Westwood Insurance Agency LLC (“Westwood”), an indirect subsidiary of The Baldwin Group, has entered into an agreement to acquire from Hippo Holdings, Inc. (“Hippo”) (NYSE:HIPO) and its affiliates all the outstanding equity interests of the various entities comprising Hippo’s homebuilder distribution network. The Partnership, The Baldwin Group’s nomenclature for a strategic acquisition, further solidifies Westwood’s position as the preeminent insurance agency for the homebuilding industry. Hippo’s homebuilder distribution network generated revenues of approximately $29.2 million in the most recent trailing 12-month period1 and is expected to deliver approximately $7 million of adjusted EBITDA over the 12 months following the closing of the Partnership, which is currently anticipated to occur on or around July 1, 2025, subject to certain closing conditions. The Partnership is expected to be neutral to Net Leverage (as defined below) and accretive to 2026 pro forma adjusted Diluted EPS.

Westwood Insurance Agency LLC (“Westwood”), an indirect subsidiary of The Baldwin Insurance Group, Inc. (“Baldwin”) (NASDAQ: BRP), a leading full-service agency specializing in personal lines insurance for the homebuilding industry, announced today a new strategic collaboration with Landsea Homes, a publicly-traded residential homebuilder.