The Baldwin Insurance Group, Inc. BWIN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Corporate Segment and Other Operating Segment | -$67.89M+2.5% | -$69.64M+5.3% | -$73.57M+5.1% | -$77.55M-0.9% | -$76.86M+0.3% | |
| Insurance Advisory Solutions | $830.85M+14.2% | $727.32M-0.6% | $731.58M-0.1% | $732.4M+2.1% | $717.26M+0.7% | |
| Mainstreet Insurance Solutions Segment | $301.54M+1.3% | $297.75M+1.7% | $292.77M+2.0% | $286.95M-0.2% | $287.45M+2.2% | |
| Underwriting, Capacity & Technology Solutions | $559.22M+1.8% | $549.45M+2.4% | $536.71M+3.4% | $519.24M+5.1% | $494.22M+4.5% | |
| Net income (loss) by Business | ||||||
| Corporate Segment and Other Operating Segment | -$222.49M-1.4% | -$219.47M+0.1% | -$219.71M-3.5% | -$212.36M+4.4% | -$222.05M-1.6% | |
| Mainstreet Insurance Solutions Segment | $31.1M-11.7% | $35.21M-10.1% | $39.18M-4.7% | $41.11M-6.6% | $44.01M+5.0% | |
| Underwriting, Capacity & Technology Solutions | $57.31M-20.6% | $72.16M-2.9% | $74.29M+4.5% | $71.12M+16.6% | $61M-26.9% | |
| Total expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $154.6M+3.2% | $149.83M+2.5% | $146.14M+8.4% | $134.81M-7.1% | $145.19M+2.7% | |
| Insurance Advisory Solutions | $777.71M+16.2% | $669.38M-0.2% | $670.65M+1.3% | $661.83M+1.0% | $655.51M-0.7% | |
| Mainstreet Insurance Solutions Segment | $270.44M+3.0% | $262.54M+3.5% | $253.59M+3.2% | $245.84M+1.0% | $243.44M+1.7% | |
| Underwriting, Capacity & Technology Solutions | $501.92M+5.2% | $477.29M+3.2% | $462.43M+3.2% | $448.12M+3.4% | $433.22M+11.2% | |
| Total Assets by Business | ||||||
| Corporate Segment and Other Operating Segment | $328.49M-7.9% | $356.57M+11.9% | $318.54M-12.0% | $361.86M-7.6% | $391.47M+18.8% | |
| Insurance Advisory Solutions | $10.98B+19.0% | $9.22B-0.4% | $9.26B-0.4% | $9.29B— | —— | |
| Mainstreet Insurance Solutions Segment | $2.64B+7.1% | $2.46B+8.3% | $2.28B+10.2% | $2.07B— | —— | |
| Underwriting, Capacity & Technology Solutions | $3.39B+16.9% | $2.9B+4.9% | $2.76B+4.7% | $2.64B— | —— | |
| Nonoperating Income (Expense), Other by Business | ||||||
| Corporate Segment and Other Operating Segment | $142.77M+7,706% | -$1.88M-125% | -$833K-5.4% | -$790K+54.5% | -$1.74M+24.4% | |
| Mainstreet Insurance Solutions Segment | -$1.44M+27.6% | -$1.99M-76.4% | -$1.13M+5.8% | -$1.2M+13.3% | -$1.38M-179% | |
| Underwriting, Capacity & Technology Solutions | $2.05M+18.0% | $1.74M-35.7% | $2.71M+5,008% | $53K+101% | -$4.4M-115% | |
| Total expenses by Business | ||||||
| Corporate Segment and Other Operating Segment | $164.32M+452% | $29.76M-7.6% | $32.22M-0.9% | $32.51M+5.3% | $30.88M+9.6% | |
| Insurance Advisory Solutions | $74.57M+22.0% | $61.1M+10.1% | $55.48M-2.2% | $56.73M+2.9% | $55.12M+0.7% | |
| Mainstreet Insurance Solutions Segment | $24.26M+1.7% | $23.86M+5.3% | $22.65M+4.9% | $21.59M+4.4% | $20.69M+6.4% | |
| Underwriting, Capacity & Technology Solutions | $81.29M+18.7% | $68.5M+29.2% | $53.02M+14.9% | $46.13M+9.3% | $42.2M+15.3% | |
| Net Interest Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | -$130.06M-7.5% | -$120.98M+0.4% | -$121.47M+0.3% | -$121.8M+0.1% | -$121.93M+1.4% | |
| Insurance Advisory Solutions | $135K+13,400% | $1K0.0% | $1K-50.0% | $2K0.0% | $2K-50.0% | |
| Mainstreet Insurance Solutions Segment | -$62K-1.6% | -$61K+9.0% | -$67K-42.6% | -$47K-34.3% | -$35K-9.4% | |
| Underwriting, Capacity & Technology Solutions | -$363K+7.6% | -$393K— | —— | —— | —— | |
| Selling Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $8.59M-4.0% | $8.94M+0.3% | $8.91M+7.1% | $8.32M+5.5% | $7.88M+14.8% | |
| Insurance Advisory Solutions | $29.69M+23.1% | $24.12M-2.9% | $24.85M+1.9% | $24.38M+1.3% | $24.06M+4.2% | |
| Mainstreet Insurance Solutions Segment | $14.08M-6.7% | $15.09M-4.2% | $15.75M-3.8% | $16.37M+2.1% | $16.04M+1.8% | |
| Underwriting, Capacity & Technology Solutions | $6.97M+9.2% | $6.38M+11.8% | $5.71M+7.1% | $5.33M+8.4% | $4.92M+11.4% | |
| Investment income by Business | ||||||
| Corporate Segment and Other Operating Segment | $1.5M-16.3% | $1.79M-12.7% | $2.06M-21.0% | $2.6M-3.3% | $2.69M+31.5% | |
| Insurance Advisory Solutions | $4.87M+12.0% | $4.35M-6.8% | $4.67M-8.3% | $5.09M-8.1% | $5.54M-4.2% | |
| Mainstreet Insurance Solutions Segment | $172K-13.6% | $199K+1.5% | $196K+31.5% | $149K+60.2% | $93K+166% | |
| Underwriting, Capacity & Technology Solutions | $5.16M+6.1% | $4.86M+1.9% | $4.77M+5.9% | $4.51M+7.3% | $4.2M+3.5% | |
| Outside commissions by Business | ||||||
| Corporate Segment and Other Operating Segment | -$69.39M+2.9% | -$71.43M+5.5% | -$75.63M+5.6% | -$80.15M-0.8% | -$79.55M-0.5% | |
| Insurance Advisory Solutions | $12.47M+9.1% | $11.43M+0.9% | $11.33M-3.4% | $11.73M+2.4% | $11.46M+4.1% | |
| Mainstreet Insurance Solutions Segment | $75.98M+1.6% | $74.8M-2.2% | $76.49M-0.8% | $77.12M-0.5% | $77.5M-0.4% | |
| Underwriting, Capacity & Technology Solutions | $261.51M-1.3% | $264.91M-2.6% | $271.92M+0.4% | $270.85M+2.1% | $265.19M+1.9% | |
| Administrative Fees Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $148.76M+10.7% | $134.39M+0.2% | $134.13M+2.3% | $131.09M-9.9% | $145.53M+0.8% | |
| Insurance Advisory Solutions | $77.1M+31.1% | $58.8M+4.1% | $56.5M-5.3% | $59.66M-4.5% | $62.45M-0.9% | |
| Mainstreet Insurance Solutions Segment | $47.38M+12.6% | $42.09M+22.6% | $34.33M+15.4% | $29.74M+3.9% | $28.63M+4.1% | |
| Underwriting, Capacity & Technology Solutions | $28.47M+25.3% | $22.73M+11.3% | $20.42M+10.0% | $18.56M+13.4% | $16.37M+4.4% | |
| Depreciation and amortization expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $6.6M+4.8% | $6.29M+6.1% | $5.93M+10.4% | $5.38M+8.7% | $4.94M+9.1% | |
| Insurance Advisory Solutions | $76.35M+31.7% | $57.96M+4.4% | $55.54M-5.4% | $58.71M-4.6% | $61.51M-0.3% | |
| Mainstreet Insurance Solutions Segment | $47.13M+12.7% | $41.81M+22.9% | $34.01M+15.7% | $29.39M+3.8% | $28.3M+4.2% | |
| Underwriting, Capacity & Technology Solutions | $27.37M+25.7% | $21.77M+10.8% | $19.65M+8.7% | $18.07M+12.3% | $16.09M+3.7% | |
| Loss on extinguishment and modification of debt by Business | ||||||
| Corporate Segment and Other Operating Segment | -$11.24M-80.5% | -$6.23M-8.7% | -$5.73M-103% | -$2.83M+83.8% | -$17.51M-15.8% | |
| 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 | $3.51M-31.4% | $5.12M-46.4% | $9.55M-4.8% | $10.04M+11.3% | $9.01M+7.1% | |
| Insurance Advisory Solutions | $7.66M+7.3% | $7.14M+10.8% | $6.44M0.0% | $6.44M-3.2% | $6.66M+9.0% | |
| Mainstreet Insurance Solutions Segment | $15.35M+12.0% | $13.7M+38.3% | $9.91M-0.7% | $9.98M+12.6% | $8.86M-0.4% | |
| Underwriting, Capacity & Technology Solutions | $16.74M+23.4% | $13.57M-12.1% | $15.43M-4.8% | $16.2M-6.4% | $17.3M-1.8% | |
| Colleague compensation and benefits by Business | ||||||
| Corporate Segment and Other Operating Segment | $45.09M-2.6% | $46.29M+1.1% | $45.77M+8.1% | $42.35M+9.1% | $38.8M-0.4% | |
| Insurance Advisory Solutions | $585M+14.7% | $510.03M-4.9% | $536.28M+1.3% | $529.51M+1.6% | $521.04M-0.4% | |
| Mainstreet Insurance Solutions Segment | $107.3M+2.5% | $104.71M+1.4% | $103.25M+3.4% | $99.83M+0.6% | $99.2M+0.8% | |
| Underwriting, Capacity & Technology Solutions | $125.74M+7.9% | $116.5M+2.1% | $114.08M+6.3% | $107.32M+7.2% | $100.15M-1.3% | |
| Change in fair value of contingent consideration by Business | ||||||
| Corporate Segment and Other Operating Segment | $0— | $0— | $0— | $0— | $0— | |
| Mainstreet Insurance Solutions Segment | $1.48M+1.6% | $1.46M+196% | $491K-30.1% | $702K-17.3% | $849K+100% | |
| Underwriting, Capacity & Technology Solutions | -$680K+51.6% | -$1.41M— | —— | —— | —— | |
| Goodwill of acquired businesses by Business | ||||||
| Mainstreet Insurance Solutions Segment | $73.86M-25.0% | $98.49M— | —— | —— | —— | |
| Commissions and fees by Product | ||||||
| Assumed premium earned | $32.45M+43.7% | $22.57M+44.1% | $15.67M+59.8% | $9.81M+127% | $4.32M— | |
| Commission revenue(1) | $1.27B+6.9% | $1.19B+1.2% | $1.17B+0.6% | $1.17B+1.6% | $1.15B+1.5% | |
| Consulting and service fee revenue | $118.69M+24.4% | $95.37M+0.8% | $94.61M+8.8% | $86.95M+11.2% | $78.19M0.0% | |
| Other income | $15.45M-6.6% | $16.54M-11.1% | $18.61M-0.6% | $18.73M+21.8% | $15.38M+20.2% | |
| Policy fee and installment fee revenue | $81.4M+3.5% | $78.64M+3.8% | $75.73M+6.5% | $71.13M+7.6% | $66.09M+8.8% | |
| Profit-sharing revenue | $95.86M+1.9% | $94.09M-4.8% | $98.79M+2.0% | $96.86M-2.3% | $99.19M+3.8% | |
| Colleague compensation and benefits by Product | ||||||
| Benefits and other | $173.75M+9.9% | $158.1M+0.2% | $157.76M+2.3% | $154.23M+4.3% | $147.82M+0.5% | |
| Fixed compensation | $366.14M+9.1% | $335.6M+2.9% | $326.18M+3.0% | $316.83M+3.1% | $307.28M+1.4% | |
| Inside advisor commissions | $238.71M+14.9% | $207.71M-0.5% | $208.85M+3.4% | $202.03M+1.3% | $199.53M+0.3% | |
| Severance | $11.91M+75.4% | $6.79M+2.2% | $6.65M+16.5% | $5.71M+8.2% | $5.27M-8.4% | |
| Share-based compensation | $71.13M0.0% | $71.11M+0.9% | $70.51M+6.1% | $66.44M+3.5% | $64.21M-2.0% |
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.