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The Baldwin Insurance Group, Inc. BWIN Policy fee and installment fee revenue — Commissions and fees

Other product segments

Commission revenue(1)
$420.55M+24.1%
Consulting and service fee revenue
$43.47M+116%
Profit-sharing revenue
$26.11M+7.3%
Assumed premium earned
$14.19M+229%
Other income
$3.79M-22.3%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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)For the Three Months Ended March 31, 20262025
Commission revenue(1)$420,554$338,862
Profit-sharing revenue(2)26,11124,340
Consulting and service fee revenue(3)43,47320,156
Policy fee and installment fee revenue(4)20,74217,980
Assumed premium earned(5)14,1914,317
Other income(6)3,7904,876
Investment income(7)3,3742,874
Total revenues$532,235$413,405

Item 1. Financial Statements (Unaudited)

FAQ

What is The Baldwin Insurance Group, Inc.'s policy fee and installment fee revenue — commissions and fees?
The Baldwin Insurance Group, Inc. (BWIN) reported policy fee and installment fee revenue — commissions and fees of $20.74M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s policy fee and installment fee revenue — commissions and fees changed year-over-year?
The Baldwin Insurance Group, Inc.'s policy fee and installment fee revenue — commissions and fees increased by 15.4% year-over-year, from $17.98M to $20.74M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s policy fee and installment fee revenue — commissions and fees?
Over 2 years (2022 to 2025), The Baldwin Insurance Group, Inc.'s policy fee and installment fee revenue — commissions and fees has grown at a 19.2% compound annual growth rate (CAGR), from $55.36M to $78.64M.
What does policy fee and installment fee revenue — commissions and fees mean?
This metric represents the revenue generated from administrative policy fees and installment payment processing charges collected from insurance clients. It reflects the ancillary income streams derived from the servicing and financing aspects of insurance distribution rather than core brokerage commissions. Monitoring this revenue helps assess the company's ability to monetize operational touchpoints and provide flexible payment options to policyholders.

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