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The Baldwin Insurance Group, Inc. BWIN Profit-sharing revenue — Commissions and fees

Other product segments

Commission revenue(1)
$420.55M+24.1%
Consulting and service fee revenue
$43.47M+116%
Policy fee and installment fee revenue
$20.74M+15.4%
Assumed premium earned
$14.19M+229%
Other income
$3.79M-22.3%

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$97M+126%
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$94M+14.6%
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BHFFee income
$533M-1.8%
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PRUFee income
$1.13B-2.2%
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MTGQuota Share Reinsurance Transactions — Profit commission on quota share reinsurance
$29.1M+1.4%

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$2.38B-30.3%
Enterprise value$4.19B-9.3%
P/S1.5×-0.9×

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 official record: The Baldwin Insurance Group, Inc.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Baldwin Insurance Group, Inc.'s profit-sharing revenue — commissions and fees?
The Baldwin Insurance Group, Inc. (BWIN) reported profit-sharing revenue — commissions and fees of $26.11M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s profit-sharing revenue — commissions and fees changed year-over-year?
The Baldwin Insurance Group, Inc.'s profit-sharing revenue — commissions and fees increased by 7.3% year-over-year, from $24.34M to $26.11M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s profit-sharing revenue — commissions and fees?
Over 3 years (2022 to 2025), The Baldwin Insurance Group, Inc.'s profit-sharing revenue — commissions and fees has grown at a 12.5% compound annual growth rate (CAGR), from $66.09M to $94.09M.
What does profit-sharing revenue — commissions and fees mean?
This metric represents the revenue generated by the insurance distribution firm through profit-sharing arrangements with insurance carriers. It reflects the performance-based incentives earned when the underwriting results of the placed insurance policies meet specific profitability or loss ratio thresholds. This revenue stream is a key indicator of the firm's ability to place high-quality, profitable business with its carrier partners.