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The Baldwin Insurance Group, Inc. BWIN Underwriting, Capacity & Technology Solutions — Net Interest Expense

Other segment segments

Corporate Segment and Other Operating Segment
-$38.94M-30.4%
Insurance Advisory Solutions
$134K
Mainstreet Insurance Solutions Segment
-$11K-10.0%

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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:InterestIncomeExpenseNet.

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
Other segment disclosures:
Change in fair value of contingent consideration$298$1,434$237$1,969
Depreciation and amortization expense32,25510,23612,8801,70757,078
Interest expense, net(134)791138,94438,900
Loss on extinguishment and modification of debt7,4097,409
Capital expenditures1,5296,9253,79441612,664
At March 31, 2026
Total assets$4,025,893$1,148,140$691,759$76,836$5,942,628

Item 1. Financial Statements (Unaudited)

FAQ

What is The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — net interest expense?
The Baldwin Insurance Group, Inc. (BWIN) reported underwriting, capacity & technology solutions — net interest expense of -$79K in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — net interest expense changed year-over-year?
The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — net interest expense increased by 27.5% year-over-year, from -$109K to -$79K.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — net interest expense?
Over 3 years (2021 to 2025), The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — net interest expense has grown at a 481.4% compound annual growth rate (CAGR), from -$2K to -$393K.
What does underwriting, capacity & technology solutions — net interest expense mean?
The net cost of servicing debt obligations after offsetting any interest income earned on cash balances. It highlights the segment's reliance on external financing and the impact of interest rates on its financial performance.

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