The Baldwin Insurance Group, Inc. BWIN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Corporate Segment and Other Operating Segment | -$15.56M+8.1% | -$16.93M-0.3% | -$16.87M+8.9% | -$18.53M-7.0% | -$17.31M+17.0% | |
| Insurance Advisory Solutions | $331.2M+110% | $157.87M-0.4% | $158.52M-13.5% | $183.27M-19.5% | $227.67M+40.4% | |
| Mainstreet Insurance Solutions Segment | $81.66M+6.3% | $76.84M+0.5% | $76.48M+14.9% | $66.56M-14.5% | $77.87M+8.4% | |
| Underwriting, Capacity & Technology Solutions | $134.94M+4.2% | $129.5M-12.1% | $147.27M-0.2% | $147.51M+17.8% | $125.17M+7.2% | |
| Net income (loss) by Business | ||||||
| Corporate Segment and Other Operating Segment | -$57.51M-7.3% | -$53.61M+6.1% | -$57.12M-5.3% | -$54.26M+0.4% | -$54.49M-1.2% | |
| Insurance Advisory Solutions | $42.28M— | —— | -$445K-103% | $17.78M-62.2% | $47.09M— | |
| Mainstreet Insurance Solutions Segment | $10.82M+93.5% | $5.59M-46.5% | $10.46M+148% | $4.22M-71.7% | $14.93M+56.3% | |
| Underwriting, Capacity & Technology Solutions | $2.51M-76.8% | $10.82M-35.8% | $16.86M-37.8% | $27.12M+56.2% | $17.36M+34.2% | |
| Total expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $41.94M+14.3% | $36.68M-8.8% | $40.24M+12.6% | $35.73M-3.9% | $37.17M+12.7% | |
| Insurance Advisory Solutions | $288.91M+75.8% | $164.34M+3.4% | $158.97M-3.9% | $165.49M-8.4% | $180.59M+9.0% | |
| Mainstreet Insurance Solutions Segment | $70.84M-0.6% | $71.25M+7.9% | $66.01M+5.9% | $62.34M-0.9% | $62.94M+1.0% | |
| Underwriting, Capacity & Technology Solutions | $132.44M+11.6% | $118.68M-9.0% | $130.4M+8.3% | $120.4M+11.7% | $107.81M+3.8% | |
| Total Assets by Business | ||||||
| Corporate Segment and Other Operating Segment | $76.84M-21.3% | $97.62M+30.1% | $75.04M-5.0% | $78.98M-24.7% | $104.92M+76.0% | |
| Insurance Advisory Solutions | $4.03B+75.5% | $2.29B+2.5% | $2.24B-7.5% | $2.42B+6.5% | $2.27B-2.5% | |
| Mainstreet Insurance Solutions Segment | $691.76M-2.9% | $712.64M-1.7% | $724.73M+42.2% | $509.71M-1.2% | $516.11M-1.6% | |
| Underwriting, Capacity & Technology Solutions | $1.15B+51.5% | $758.09M+0.4% | $755.32M+3.3% | $730.93M+11.3% | $656.5M+5.6% | |
| Nonoperating Income (Expense), Other by Business | ||||||
| Corporate Segment and Other Operating Segment | $144.56M+13,947% | -$1.04M-1,114% | -$86K+87.1% | -$667K-734% | -$80K— | |
| Insurance Advisory Solutions | -$271K— | —— | -$412K+38.3% | -$668K+87.4% | -$5.29M-126% | |
| Mainstreet Insurance Solutions Segment | -$160K+85.3% | -$1.09M-599% | -$156K-359% | -$34K+95.2% | -$708K-209% | |
| Underwriting, Capacity & Technology Solutions | -$421K-133% | $1.27M+455% | -$357K-123% | $1.57M+313% | -$734K-133% | |
| Total expenses by Business | ||||||
| Corporate Segment and Other Operating Segment | $143.61M+1,803% | $7.55M+21.0% | $6.24M-10.0% | $6.93M-23.4% | $9.05M-9.5% | |
| Insurance Advisory Solutions | $28.08M+49.9% | $18.73M+40.4% | $13.34M-7.5% | $14.42M-1.3% | $14.62M+11.5% | |
| Mainstreet Insurance Solutions Segment | $5.87M-8.8% | $6.44M+5.1% | $6.12M+5.1% | $5.83M+6.5% | $5.47M+4.7% | |
| Underwriting, Capacity & Technology Solutions | $27.32M+17.6% | $23.24M+38.7% | $16.76M+19.9% | $13.98M-3.8% | $14.54M+87.5% | |
| Net Interest Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | -$38.94M-34.7% | -$28.92M+6.8% | -$31.02M+0.5% | -$31.19M-4.5% | -$29.86M-1.5% | |
| Insurance Advisory Solutions | $134K— | $0— | $0-100% | $1K— | $0— | |
| Mainstreet Insurance Solutions Segment | -$11K0.0% | -$11K+31.3% | -$16K+33.3% | -$24K-140% | -$10K+41.2% | |
| Underwriting, Capacity & Technology Solutions | -$79K-6.8% | -$74K+26.0% | -$100K+9.1% | -$110K-0.9% | -$109K— | |
| Selling Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $1.8M-21.6% | $2.29M+0.2% | $2.29M+3.8% | $2.21M+2.6% | $2.15M-5.1% | |
| Insurance Advisory Solutions | $11.67M+98.4% | $5.88M+2.9% | $5.72M-11.0% | $6.42M+5.3% | $6.1M-7.7% | |
| Mainstreet Insurance Solutions Segment | $3.01M-22.1% | $3.87M+15.1% | $3.36M-12.1% | $3.83M-5.1% | $4.03M-10.9% | |
| Underwriting, Capacity & Technology Solutions | $2.14M+24.7% | $1.72M+12.7% | $1.52M-4.3% | $1.59M+2.4% | $1.55M+49.3% | |
| Investment income by Business | ||||||
| Corporate Segment and Other Operating Segment | $461K+67.0% | $276K-9.2% | $304K-33.8% | $459K-39.1% | $754K+40.1% | |
| Insurance Advisory Solutions | $1.55M+49.7% | $1.03M-25.1% | $1.38M+51.3% | $912K-10.9% | $1.02M-24.3% | |
| Mainstreet Insurance Solutions Segment | $31K-18.4% | $38K-19.1% | $47K-16.1% | $56K-3.4% | $58K+65.7% | |
| Underwriting, Capacity & Technology Solutions | $1.33M-1.0% | $1.35M+0.5% | $1.34M+18.1% | $1.14M+9.3% | $1.04M-17.6% | |
| Outside commissions by Business | ||||||
| Corporate Segment and Other Operating Segment | -$16.02M+6.9% | -$17.2M-0.1% | -$17.18M+9.5% | -$18.99M-5.1% | -$18.07M+15.6% | |
| Insurance Advisory Solutions | $4.68M+64.5% | $2.84M+32.1% | $2.15M-23.2% | $2.8M-23.0% | $3.64M+32.5% | |
| Mainstreet Insurance Solutions Segment | $20.27M+12.5% | $18.01M-3.4% | $18.65M-2.2% | $19.06M-0.2% | $19.09M-3.1% | |
| Underwriting, Capacity & Technology Solutions | $57.76M+0.4% | $57.54M-23.8% | $75.49M+6.8% | $70.72M+15.6% | $61.16M-5.2% | |
| Administrative Fees Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $48.29M+53.9% | $31.38M-13.2% | $36.17M+9.9% | $32.92M-3.0% | $33.93M+9.0% | |
| Insurance Advisory Solutions | $32.3M+89.3% | $17.06M+23.1% | $13.86M-0.2% | $13.89M-0.8% | $14M-5.2% | |
| Mainstreet Insurance Solutions Segment | $12.91M-16.9% | $15.52M+38.5% | $11.21M+44.7% | $7.74M+1.7% | $7.61M-2.0% | |
| Underwriting, Capacity & Technology Solutions | $10.56M+58.2% | $6.68M+13.1% | $5.9M+10.5% | $5.34M+10.9% | $4.82M+10.4% | |
| Depreciation and amortization expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $1.71M-4.5% | $1.79M+7.9% | $1.66M+14.4% | $1.45M+3.3% | $1.4M-1.7% | |
| Insurance Advisory Solutions | $32.26M+90.4% | $16.94M+24.3% | $13.63M+0.8% | $13.52M-2.5% | $13.87M-4.5% | |
| Mainstreet Insurance Solutions Segment | $12.88M-16.9% | $15.49M+38.6% | $11.18M+47.4% | $7.58M+0.4% | $7.56M-1.8% | |
| Underwriting, Capacity & Technology Solutions | $10.24M+58.8% | $6.45M+15.5% | $5.58M+9.4% | $5.1M+9.9% | $4.64M+7.3% | |
| Loss on extinguishment and modification of debt by Business | ||||||
| Corporate Segment and Other Operating Segment | -$7.41M-1,267% | -$542K+83.5% | -$3.29M— | $0+100% | -$2.39M-5,220% | |
| Insurance Advisory Solutions | $0— | $0— | $0— | $0— | $0— | |
| Mainstreet Insurance Solutions Segment | $0— | $0— | $0— | $0— | $0— | |
| Underwriting, Capacity & Technology Solutions | $0— | $0— | $0— | $0— | $0— | |
| CapEx by Business | ||||||
| Corporate Segment and Other Operating Segment | $416K-35.8% | $648K+33.6% | $485K-75.3% | $1.96M-3.2% | $2.03M-60.1% | |
| Insurance Advisory Solutions | $1.53M-38.5% | $2.49M+26.7% | $1.96M+16.9% | $1.68M+66.2% | $1.01M-43.6% | |
| Mainstreet Insurance Solutions Segment | $3.79M-29.8% | $5.4M+109% | $2.59M-27.4% | $3.57M+66.2% | $2.15M+33.5% | |
| Underwriting, Capacity & Technology Solutions | $6.93M+282% | $1.81M-52.6% | $3.83M-8.2% | $4.17M+11.2% | $3.75M+2.2% | |
| Colleague compensation and benefits by Business | ||||||
| Corporate Segment and Other Operating Segment | $8.83M-24.0% | $11.62M-8.1% | $12.64M+5.4% | $11.99M+19.5% | $10.04M-9.6% | |
| Insurance Advisory Solutions | $211.92M+73.3% | $122.29M-1.0% | $123.49M-3.0% | $127.29M-7.1% | $136.95M-7.8% | |
| Mainstreet Insurance Solutions Segment | $28.62M+8.8% | $26.31M-0.8% | $26.52M+2.6% | $25.85M-0.7% | $26.02M+4.7% | |
| Underwriting, Capacity & Technology Solutions | $34.24M+11.2% | $30.78M+1.3% | $30.38M+0.1% | $30.34M+21.3% | $25.01M-11.8% | |
| Change in fair value of contingent consideration by Business | ||||||
| Corporate Segment and Other Operating Segment | $0— | $0— | $0— | $0— | $0— | |
| Insurance Advisory Solutions | $298K— | —— | $1.53M+428% | -$468K-107% | $7.14M+135% | |
| Mainstreet Insurance Solutions Segment | $237K-79.8% | $1.18M— | $0-100% | $65K-69.6% | $214K+0.9% | |
| Underwriting, Capacity & Technology Solutions | $1.43M+242% | -$1.01M-325% | $447K+129% | -$1.55M-319% | $709K— | |
| Goodwill of acquired businesses by Business | ||||||
| Insurance Advisory Solutions | $940.29M— | $0— | —— | —— | —— | |
| Mainstreet Insurance Solutions Segment | $0-100% | $24.62M0.0% | $24.62M0.0% | $24.62M0.0% | $24.62M— | |
| Underwriting, Capacity & Technology Solutions | $194.33M+28,352% | $683K— | —— | —— | —— | |
| Goodwill by Business | ||||||
| Insurance Advisory Solutions | $1.87B+101% | $932.49M0.0% | $932.49M— | —— | —— | |
| Mainstreet Insurance Solutions Segment | $342.78M0.0% | $342.78M0.0% | $342.78M— | —— | —— | |
| Underwriting, Capacity & Technology Solutions | $436.58M+80.5% | $241.91M+0.3% | $241.22M— | —— | —— | |
| Goodwill, Measurement Period Adjustment by Business | ||||||
| Insurance Advisory Solutions | $0— | —— | —— | —— | —— | |
| Mainstreet Insurance Solutions Segment | $0— | —— | —— | —— | —— | |
| Underwriting, Capacity & Technology Solutions | $341K— | —— | —— | —— | —— | |
| Commissions and fees by Product | ||||||
| Assumed premium earned | $14.19M+106% | $6.9M+17.7% | $5.86M+6.8% | $5.49M+27.1% | $4.32M— | |
| Commission revenue(1) | $420.55M+55.2% | $270.93M-2.3% | $277.44M-7.3% | $299.24M-11.7% | $338.86M+31.9% | |
| Consulting and service fee revenue | $43.47M+108% | $20.92M-22.3% | $26.92M-1.7% | $27.38M+35.8% | $20.16M0.0% | |
| Other income | $3.79M-13.5% | $4.38M+57.7% | $2.78M-38.3% | $4.5M-7.7% | $4.88M-24.5% | |
| Policy fee and installment fee revenue | $20.74M+1.8% | $20.38M-1.1% | $20.6M+4.6% | $19.68M+9.5% | $17.98M+2.9% | |
| Profit-sharing revenue | $26.11M+23.9% | $21.07M-26.6% | $28.72M+43.9% | $19.96M-18.0% | $24.34M-5.6% | |
| Colleague compensation and benefits by Product | ||||||
| Benefits and other | $60.12M+68.5% | $35.68M+2.5% | $34.82M-19.3% | $43.13M-3.0% | $44.47M+25.8% | |
| Fixed compensation | $109.11M+25.2% | $87.17M+0.5% | $86.71M+4.3% | $83.15M+5.8% | $78.57M+1.1% | |
| Inside advisor commissions | $95.25M+105% | $46.48M-2.9% | $47.86M-2.6% | $49.13M-23.5% | $64.24M+34.9% | |
| Severance | $6.32M+170% | $2.35M+44.8% | $1.62M+0.1% | $1.62M+34.1% | $1.21M-45.2% | |
| Share-based compensation | $12.82M-33.7% | $19.34M-12.2% | $22.02M+29.9% | $16.95M+32.4% | $12.8M-31.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does The Baldwin Insurance Group, Inc. break its business down?
- The Baldwin Insurance Group, Inc. (BWIN) reports total revenues by business across 4 parts — Corporate Segment and Other Operating Segment, Insurance Advisory Solutions, Mainstreet Insurance Solutions Segment and Underwriting, Capacity & Technology Solutions. Each is extracted from the segment footnotes and tracked over time.
- Where does The Baldwin Insurance Group, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in The Baldwin Insurance Group, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.