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The Baldwin Group Completes Acquisition of Homebuilder Distribution Network From Hippo

TAMPA, Fla.--(BUSINESS WIRE)-- The Baldwin Group announced today that its indirect subsidiary, Westwood Insurance Agency, LLC, completed the previously announced acquisition of all the outstanding equity interests of the various entities comprising the homebuilder distribution network previously owned and operated by Hippo Holdings, Inc (NYSE:HIPO).

ABOUT THE BALDWIN GROUP

The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) (鈥淏aldwin鈥�) 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 three million clients across the United States and internationally. For more information, please visit .

ABOUT WESTWOOD INSURANCE AGENCY

Established in 1952, Westwood Insurance Agency LLC is a leading, full-service personal lines agency specializing in builder-sourced homeowners insurance and an indirect subsidiary of The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates. Licensed in all 50 states, Westwood has served more than one million homeowners through relationships with leading U.S. homebuilders and top insurance companies. Westwood鈥檚 unique platform facilitates seamless home closings by connecting builders, carriers, lenders and homebuyers with click-to-bind technology. For more information, please visit .

ABOUT HIPPO

Hippo is a technology-enabled insurance group that leverages Spinnaker, its hybrid fronting carrier, to diversify risk across both personal and commercial lines. Through the Hippo Homeowners Insurance Program, the company applies deep industry expertise and strong underwriting capabilities to deliver tailored, proactive coverage for homeowners. With a flexible portfolio and a disciplined risk management approach, Hippo is well-positioned to adapt to changing market conditions and capitalize on market cycles.

Hippo Holdings Inc. subsidiaries include Hippo Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Wingsail Insurance Company. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various affiliated and unaffiliated insurance companies. For more information, please visit .

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain various 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995, which represent The Baldwin Group鈥檚 expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address The Baldwin Group鈥檚 future operating, financial or business performance or The Baldwin Group鈥檚 strategies or expectations. In some cases, you can identify these statements by forward-looking words such as 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渆xpects,鈥� 鈥減lans,鈥� 鈥渁nticipates,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥減redicts,鈥� 鈥減rojects,鈥� 鈥減otential,鈥� 鈥渙utlook鈥� or 鈥渃ontinue,鈥� or the negative of these terms or other comparable terminology. Forward-looking statements are based on management鈥檚 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 鈥淩isk Factors鈥� in Baldwin鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024 and in Baldwin鈥檚 other filings with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�), which are available free of charge on the SEC's website at: , including those risks and other factors relevant to 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 The Baldwin Group or to persons acting on The Baldwin Group鈥檚 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 The Baldwin Group 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.

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THE BALDWIN GROUP MEDIA RELATIONS

Anna Rozenich, Senior Director, Enterprise Communications, The Baldwin Group

630.561.5907 | [email protected]

WESTWOOD INSURANCE AGENCY

Mira Choi, Communications Manager, Westwood Insurance Agency

951.283.7801 | [email protected]

THE BALDWIN GROUP INVESTOR RELATIONS

Bonnie Bishop, Executive Director, Investor Relations, The Baldwin Group

813.259.8032 | [email protected]

Source: The Baldwin Group