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The Baldwin Insurance Group, Inc. BWIN Severance — Colleague compensation and benefits

Other product segments

Fixed compensation
$109.11M+38.9%
Inside advisor commissions
$95.25M+48.3%
Benefits and other
$60.12M+35.2%
Share-based compensation
$12.82M+0.1%

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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
Fixed compensation78,01418,46910,2252,401109,109
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

Item 1. Financial Statements (Unaudited)

FAQ

What is The Baldwin Insurance Group, Inc.'s severance — colleague compensation and benefits?
The Baldwin Insurance Group, Inc. (BWIN) reported severance — colleague compensation and benefits of $6.32M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s severance — colleague compensation and benefits changed year-over-year?
The Baldwin Insurance Group, Inc.'s severance — colleague compensation and benefits increased by 423.9% year-over-year, from $1.21M to $6.32M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s severance — colleague compensation and benefits?
Over 3 years (2022 to 2025), The Baldwin Insurance Group, Inc.'s severance — colleague compensation and benefits has grown at a 75.6% compound annual growth rate (CAGR), from $1.25M to $6.79M.
What does severance — colleague compensation and benefits mean?
This metric represents the total personnel-related expenses, including salaries, benefits, and associated costs, specifically attributed to the severance segment of the insurance distribution business. It reflects the direct human capital investment required to operate and maintain the service capabilities within this specific business unit. Monitoring this figure helps investors assess the cost structure and operational efficiency of the segment's workforce management.

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