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The Baldwin Insurance Group, Inc. BWIN Underwriting, Capacity & Technology Solutions — Investment income

Other segment segments

Insurance Advisory Solutions
$1.55M+51.2%
Corporate Segment and Other Operating Segment
$461K-38.9%
Mainstreet Insurance Solutions Segment
$31K-46.6%

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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:GrossInvestmentIncomeOperating.

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
Policy fee and installment fee revenue20,74220,742
Assumed premium earned14,19114,191
Other income2,520361,440(206)3,790
Investment income1,5481,334314613,374
Total revenues331,196134,94381,658(15,562)532,235
Expenses:
Inside advisor commissions85,7146538,87995,246
Fixed compensation78,01418,46910,2252,401109,109

Item 1. Financial Statements (Unaudited)

FAQ

What is The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — investment income?
The Baldwin Insurance Group, Inc. (BWIN) reported underwriting, capacity & technology solutions — investment income of $1.33M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — investment income changed year-over-year?
The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — investment income increased by 28.5% year-over-year, from $1.04M to $1.33M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — investment income?
Over 2 years (2023 to 2025), The Baldwin Insurance Group, Inc.'s underwriting, capacity & technology solutions — investment income has grown at a 54.4% compound annual growth rate (CAGR), from $2.04M to $4.86M.
What does underwriting, capacity & technology solutions — investment income mean?
Income generated from the investment of cash and cash equivalents held within the Underwriting, Capacity & Technology Solutions segment. This metric highlights the segment's ability to earn returns on its idle capital or float.

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