By Amira McKee

Shares of Baldwin Insurance Group surged after the company guided for full-year adjusted earnings and revenue that topped Wall Street estimates following its merger with CAC Group.

The stock jumped 21% to $22.38 in midday Friday trading. The shares have tumbled 43% in the past year.

The insurance provider expects to log full-year adjusted earnings between $2.00 and $2.10 a share and revenue of $2.01 billion to $2.05 billion. The midpoints of both guidance ranges beat Wall Street's forecast for 2026 adjusted earnings of $2.03 and revenue of $2.01 billion, according to FactSet.

For the first quarter, the company anticipates posting adjusted earnings between 61 cents and 65 cents a share and revenue of $520 million to $530 million. Analysts polled by Factset are modeling first-quarter adjusted earnings of 68 cents a share on revenue of $521.4 million.

Chief Financial Officer Brad Hale said the company updated its outlook to reflect its merger with CAC Group, which closed at the beginning of the year.

Baldwin Insurance recorded a fourth-quarter net loss of $25.9 million, or 37 cents a share, compared with a loss of $20.2 million, or 31 cents a share, a year earlier.

Adjusted earnings came in at 31 cents a share, topping Wall Street's forecast of 29 cents, according to FactSet.

Revenue grew 5% to $347.3 million, behind the $352.2 million that analysts polled by factSet had expected.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

February 27, 2026 12:43 ET (17:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.