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The Baldwin Insurance Group, Inc. BWIN Mainstreet Insurance Solutions Segment — Colleague compensation and benefits

Other segment segments

Insurance Advisory Solutions
$122.29M-17.7%
Underwriting, Capacity & Technology Solutions
$30.78M+8.6%
Corporate Segment and Other Operating Segment
$8.83M-12.0%

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Other financials

Income statement

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Revenue$532.2M+28.7%
Operating income-$101.3M-281%
Net income$2.3M-83.2%
EPS (diluted)$0.02-90.0%

Balance sheet

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Cash & equivalents$456.1M+52.5%
Total debt$2.3B+42.5%
Total equity$963.9M+55.6%
Total assets$5.9B+67.5%

Cash flow

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Operating cash flow-$6.1M+90.5%
CapEx$12.7M+41.8%
Free cash flow-$18.7M+74.3%

Valuation

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Market cap$2.77B+27.8%
Enterprise value$4.58B+35.9%
P/S1.7×+0.2×

Profitability

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Operating margin5.9%+3.2pp
Net margin-2.8%+0.9pp
FCF margin-0.4%

Returns & leverage

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Return on equity-5.7%+0.5pp
Debt / equity2.4×-0.2×
Current ratio1.1×0.0×

Where this comes from

Reported directly by The Baldwin Insurance Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The source filing: The Baldwin Insurance Group, Inc.’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:54 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001781755-26-000034
(in thousands)Insurance Advisory SolutionsUnderwriting, Capacity & Technology SolutionsMainstreet Insurance SolutionsCorporateand OtherTotal
Benefits and other37,19412,1287,2423,55160,115
Share-based compensation5,6622,9651,4162,77512,818
Severance5,340258581016,324
Colleague compensation and benefits211,92434,24028,6208,828283,612
Outside commissions(1)4,67657,76020,266(16,023)66,679
Selling expense11,6652,1393,0141,79718,615
Operating expense28,08027,3205,870143,611204,881
Administrative expense32,29810,55712,90648,293104,054

Item 1. Financial Statements (Unaudited)

FAQ

What is The Baldwin Insurance Group, Inc.'s mainstreet insurance solutions segment — colleague compensation and benefits?
The Baldwin Insurance Group, Inc. (BWIN) reported mainstreet insurance solutions segment — colleague compensation and benefits of $28.62M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s mainstreet insurance solutions segment — colleague compensation and benefits changed year-over-year?
The Baldwin Insurance Group, Inc.'s mainstreet insurance solutions segment — colleague compensation and benefits increased by 10.0% year-over-year, from $26.02M to $28.62M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s mainstreet insurance solutions segment — colleague compensation and benefits?
Over 3 years (2022 to 2025), The Baldwin Insurance Group, Inc.'s mainstreet insurance solutions segment — colleague compensation and benefits has grown at a 2.3% compound annual growth rate (CAGR), from $97.73M to $104.71M.
What does mainstreet insurance solutions segment — colleague compensation and benefits mean?
Includes all salary, bonus, and benefit-related costs for employees dedicated to the Mainstreet Insurance Solutions segment. As a service-oriented business, this represents the primary operating expense and a key driver of human capital investment. Monitoring this helps assess the segment's operational efficiency and talent retention costs.

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