Q1 2026 Baldwin Insurance Group, Inc Earnings Call Transcript
(audio in progress) which delivered the strongest quarterly results. CAC generated new business of $38 million in the first quarter, up 39% compared to the same period in the prior year, and total revenue was $92 million, representing growth of 27% in relation to Q1 of 2025.
CAC sales velocity in the quarter was 61% across all product lines and 15%. For recurring lines of business. Net growth of transaction-related product lines, which consists primarily of our transaction liability and certain project-specific construction lines of business, was 22%.
Going forward, we will report sales velocity on an aggregate basis, as well as broken out for recurring lines of business. Separately, we will call out net growth in transaction-related product lines. These transaction-related product lines have some variability quarter-to-quarter due to the variable nature and timing of transactions and project starts.
CAC's strong growth in the quarter was driven by strong new business across key specialty
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