The Baldwin Group to Change Ticker Symbol to BWIN on May 20, 2024

Rhea-AI Summary

The Baldwin Group, previously known as BRP Group, announced that its Class A common stock will trade under the new ticker symbol 'BWIN' on NASDAQ starting May 20, 2024. This change aligns with Baldwin's recent rebranding. No action is needed from shareholders regarding this ticker change, and Baldwin's CUSIP number will stay the same.

Positive

• Ticker symbol change aligns with the company's strategic rebranding.
• No action required from shareholders, indicating a seamless transition.
• CUSIP number remains unchanged, simplifying administrative processes.

Negative

• Potential confusion among investors due to ticker symbol change.
• Short timeframe between announcement and implementation of the new ticker.

TAMPA, Fla.--(BUSINESS WIRE)-- The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) (“Baldwin” or the “Company”) (NASDAQ: BRP), highlighted today that its Class A common stock will begin trading on NASDAQ under the new ticker symbol “BWIN” as of market open on May 20, 2024. This will replace the Company’s current ticker symbol “BRP”.

The new ticker symbol “BWIN” aligns with the Company’s rebranding to The Baldwin Group and related name change, previously announced on May 1, 2024.

No action by the Company’s shareholders is required with respect to the ticker symbol change. Baldwin’s CUSIP number will remain unchanged.

ABOUT THE BALDWIN GROUP

The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN effective May 20, 2024) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our clients the confidence to pursue their purpose, passion, and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our clients. We do this by delivering bespoke client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our clients, colleagues, insurance company partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than two million clients across the United States and internationally. For more information, please visit www.baldwin.com

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Baldwin’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address Baldwin’s future operating, financial or business performance or Baldwin’s strategies, or expectations. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in Baldwin’s Annual Report on Form 10-K for the year ended December 31, 2023 and in Baldwin’s other filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available free of charge on the SEC’s website at: www.sec.gov, including those risks and other factors relevant to Baldwin’s business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Baldwin or to persons acting on Baldwin’s behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Baldwin does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516644251/en/

MEDIA RELATIONS

Anna Rozenich, Senior Director, Enterprise Communications

The Baldwin Group

630.561.5907 | Anna.rozenich@baldwin.com

INVESTOR RELATIONS

Bonnie Bishop, Executive Director, Investor Relations

The Baldwin Group

813.259.8032 | IR@baldwin.com

Source: The Baldwin Group

FAQ

What is the new ticker symbol for Baldwin Group?

The new ticker symbol for Baldwin Group is 'BWIN.'

When will Baldwin Group's new ticker symbol take effect?

Baldwin Group's new ticker symbol 'BWIN' will take effect on May 20, 2024.

Do shareholders need to take any action for Baldwin Group's ticker symbol change?

No, shareholders do not need to take any action regarding the ticker symbol change.