Baldwin Insurance Group (BWIN) vs Erie Indemnity (ERIE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Baldwin Insurance Group (BWIN) has outperformed Erie Indemnity (ERIE) over the past year, gaining 10.0% versus a loss of 30.7%. Over five years, ERIE leads with a +14.2% price change compared with -17.1% for BWIN. Erie Indemnity is the larger company by market cap ($11.61 billion vs $4.48 billion), about 2.6 times the size, while Baldwin Insurance Group is growing revenue faster (+8.3% vs +7.2%).
On valuation, Baldwin Insurance Group trades at a lower forward P/E (12.9x vs 15.8x for Erie Indemnity). Erie Indemnity pays a dividend yielding 2.59%, while Baldwin Insurance Group does not currently pay one. Erie Indemnity converts more of its revenue into profit, with a net margin of 13.8% versus -2.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BWIN | ERIE |
|---|---|---|
| Share price | $31.87 | $222.04 |
| Market cap | $4.48B | $11.61B |
| 1-day change | +0.06% | -1.99% |
| YTD return | +32.54% | -22.54% |
| 1-year return | +10.02% | -30.71% |
| 5-year return | -17.10% | +14.18% |
| P/E ratio (TTM) | — | 20.13 |
| Forward P/E | 12.86 | 15.85 |
| EPS (TTM) | $-1.04 | $11.03 |
| Dividend yield | 0.00% | 2.59% |
| Annual dividend | $0.00 | $5.75 |
| Revenue (latest FY) | $1.50B | $4.07B |
| Revenue growth (YoY) | +8.34% | +7.17% |
| Net income (latest FY) | $-33.81M | $559.34M |
| Operating margin | 4.91% | 17.63% |
| Net margin | -2.25% | 13.75% |
| 52-week high | $32.71 | $330.54 |
| 52-week low | $15.88 | $204.63 |
| Distance from 52-week high | -2.55% | -32.83% |
| Analyst consensus | hold | none |
| Avg. price target upside | +3.29% | — |
| Average volume | 2.52M | 270.03K |
| Shares outstanding | 97.62M | 46.19M |
| Employees | 5,000 | 6,667 |
| Sector | Finance | Finance |
| Industry | Specialty Insurers | Specialty Insurers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Erie Indemnity is about 2.6 times larger than Baldwin Insurance Group by market value ($11.61B vs $4.48B).
- BWIN has outperformed ERIE by 40.7 percentage points over the past year.
- Erie Indemnity offers a meaningfully higher dividend yield (2.59% vs 0.00%).
- Erie Indemnity is more profitable, keeping 13.8 cents of every revenue dollar as net income versus -2.2 cents for Baldwin Insurance Group.
About Baldwin Insurance Group
BWIN stock →The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States.
Finance · Specialty Insurers · 5,000 employees
About Erie Indemnity
ERIE stock →Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation and sales and advertising support services; underwriting services that include underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services.
Finance · Specialty Insurers · 6,667 employees
BWIN vs ERIE FAQ
Which is bigger, Baldwin Insurance Group or Erie Indemnity?
Erie Indemnity (ERIE) is larger, with a market capitalization of $11.61B compared with $4.48B for Baldwin Insurance Group (BWIN).
Which stock has performed better over the past year, BWIN or ERIE?
BWIN returned +10.02% over the past 12 months, compared with -30.71% for ERIE (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Baldwin Insurance Group or Erie Indemnity?
Erie Indemnity pays a dividend yielding 2.59%, while Baldwin Insurance Group does not currently pay a regular dividend.
Are Baldwin Insurance Group and Erie Indemnity in the same industry?
Yes. Both are classified in the Specialty Insurers industry within the Finance sector.