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The Baldwin Insurance Group, Inc. BWIN Compensation and benefits

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Segments

By product

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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%
Severance$6.32M+424%

By segment

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Insurance Advisory Solutions$122.29M-17.7%
Underwriting, Capacity & Technology Solutions$30.78M+8.6%
Mainstreet Insurance Solutions Segment$28.62M+10.0%
Corporate Segment and Other Operating Segment$8.83M-12.0%

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:LaborAndRelatedExpense.

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 compensation and benefits?
The Baldwin Insurance Group, Inc. (BWIN) reported compensation and benefits of $283.61M in Q1 2026.
How has The Baldwin Insurance Group, Inc.'s compensation and benefits changed year-over-year?
The Baldwin Insurance Group, Inc.'s compensation and benefits increased by 43.2% year-over-year, from $198.02M to $283.61M.
What is the long-term trend for The Baldwin Insurance Group, Inc.'s compensation and benefits?
Over 4 years (2021 to 2025), The Baldwin Insurance Group, Inc.'s compensation and benefits has grown at a 18.1% compound annual growth rate (CAGR), from $400.05M to $777.53M.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.