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The Baldwin Insurance Group, Inc. BWIN Underwriting, Capacity & Technology Solutions — Colleague compensation and benefits

Other segment segments

Insurance Advisory Solutions
$122.29M-17.7%
Mainstreet Insurance Solutions Segment
$28.62M+10.0%
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 underwriting, capacity & technology solutions — colleague compensation and benefits?
The Baldwin Insurance Group, Inc. (BWIN) reported underwriting, capacity & technology solutions — colleague compensation and benefits of $34.24M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — colleague compensation and benefits changed year-over-year?
The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — colleague compensation and benefits increased by 36.9% year-over-year, from $25.01M to $34.24M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — colleague compensation and benefits?
Over 3 years (2022 to 2025), The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — colleague compensation and benefits has grown at a -17.5% compound annual growth rate (CAGR), from $207.81M to $116.5M.
What does underwriting, capacity & technology solutions — colleague compensation and benefits mean?
The total cost of salaries, bonuses, and employee benefits for staff dedicated to the Underwriting, Capacity & Technology Solutions segment. This is a key measure of the human capital investment required to drive segment operations.

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