Thank you to our CEO Trevor Baldwin and our leadership team for their vision, dedication, and commitment to building and nurturing strong client and colleague relationships. Together, we've accomplished much in five years since going public—and we’re just getting started!
Earlier this week, on our third quarter earnings call, I took a moment to reflect on the recent 5 year anniversary of our IPO on October 24, 2019. It's been an incredible journey (one that is far from over), and I'm grateful for the trust our clients have placed in us and for our dedicated colleagues at The Baldwin Group whose hard work and commitment have propelled us beyond our lofty goals and expectations. Today, we have more than 4,000 colleagues – about an 8x increase from 5 years ago; LTM revenues of $1.34 billion - a 10x increase; and LTM adjusted EBITDA of $295 million - a 10x increase. Our earnings per share have grown at a compound annual growth rate of over 40% since the IPO. While these numbers are important and impressive, what is more important and rewarding is what underpins them… It is the strength of our distinctive culture, the capability and determination of our colleagues, and our relentless focus on delivering for our clients that have made this possible. We have long held the belief that so long as we make decisions through the lens of what upholds the best interest of our core stakeholders (clients, colleagues, insurer partners, and community) then our success will follow. This has proven to be abundantly true. As we celebrate our progress, I'm also incredibly excited about the future. With the integrated and modern broking platform we've built and our distinctive culture, we're well-equipped for the next phase of growth and success as we set our eyes on an ambitious aspirational goal, in which we aim to reach $3 billion in revenue and a 30% margin over the next five years. I remain confident in our team’s ability to reach this aspiration, continuing to protect what’s possible for our clients, and ensuring we remain and grow in our position as a leading destination employer. To all of our colleagues, clients and firm stakeholders, thank you for the trust and confidence, we would not be here without you. The last five years has been an incredible journey and I can say with confidence that our best days continue to be ahead! #TheBaldwinGroup #ProtectingThePossible #BestTeamWins