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+10.1% | -$16.93M+18.9% | -$16.87M+19.1% | -$18.53M-3.9% | -$17.31M+1.5% | |
| Insurance Advisory Solutions | $331.2M+45.5% | $157.87M-2.6% | $158.52M-0.5% | $183.27M+9.0% | $227.67M+2.4% | |
| Mainstreet Insurance Solutions Segment | $81.66M+4.9% | $76.84M+6.9% | $76.48M+8.2% | $66.56M-0.7% | $77.87M+8.6% | |
| Underwriting, Capacity & Technology Solutions | $134.94M+7.8% | $129.5M+10.9% | $147.27M+13.5% | $147.51M+20.4% | $125.17M+20.5% | |
| Net income (loss) by Business | ||||||
| Corporate Segment and Other Operating Segment | -$57.51M-5.5% | -$53.61M+0.4% | -$57.12M-14.8% | -$54.26M+15.1% | -$54.49M-6.9% | |
| Insurance Advisory Solutions | $42.28M-10.2% | —— | -$445K-105% | $17.78M+98.4% | $47.09M+25.7% | |
| Mainstreet Insurance Solutions Segment | $10.82M-27.5% | $5.59M-41.5% | $10.46M-15.6% | $4.22M-40.7% | $14.93M+16.3% | |
| Underwriting, Capacity & Technology Solutions | $2.51M-85.6% | $10.82M-16.4% | $16.86M+23.1% | $27.12M+59.6% | $17.36M-56.4% | |
| Total expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $41.94M+12.8% | $36.68M+11.2% | $40.24M+39.2% | $35.73M-22.5% | $37.17M+11.3% | |
| Insurance Advisory Solutions | $288.91M+60.0% | $164.34M-0.8% | $158.97M+5.9% | $165.49M+4.0% | $180.59M-2.3% | |
| Mainstreet Insurance Solutions Segment | $70.84M+12.6% | $71.25M+14.4% | $66.01M+13.3% | $62.34M+4.0% | $62.94M+6.9% | |
| Underwriting, Capacity & Technology Solutions | $132.44M+22.8% | $118.68M+14.3% | $130.4M+12.3% | $120.4M+14.1% | $107.81M+68.1% | |
| Total Assets by Business | ||||||
| Corporate Segment and Other Operating Segment | $76.84M-26.8% | $97.62M+63.8% | $75.04M-36.6% | $78.98M-27.3% | $104.92M+144% | |
| Insurance Advisory Solutions | $4.03B+77.3% | $2.29B-1.5% | $2.24B-1.6% | $2.42B— | $2.27B— | |
| Mainstreet Insurance Solutions Segment | $691.76M+34.0% | $712.64M+35.9% | $724.73M+40.7% | $509.71M— | $516.11M— | |
| Underwriting, Capacity & Technology Solutions | $1.15B+74.9% | $758.09M+22.0% | $755.32M+19.7% | $730.93M— | $656.5M— | |
| Nonoperating Income (Expense), Other by Business | ||||||
| Corporate Segment and Other Operating Segment | $144.56M+180,803% | -$1.04M— | -$86K-100% | -$667K+58.6% | -$80K+87.5% | |
| Insurance Advisory Solutions | -$271K+94.9% | —— | -$412K-107% | -$668K+70.1% | -$5.29M+37.8% | |
| Mainstreet Insurance Solutions Segment | -$160K+77.4% | -$1.09M-376% | -$156K+30.7% | -$34K+84.4% | -$708K-500% | |
| Underwriting, Capacity & Technology Solutions | -$421K+42.6% | $1.27M-43.3% | -$357K+88.1% | $1.57M+154% | -$734K-102% | |
| Total expenses by Business | ||||||
| Corporate Segment and Other Operating Segment | $143.61M+1,487% | $7.55M-24.6% | $6.24M-4.5% | $6.93M+30.8% | $9.05M+42.8% | |
| Insurance Advisory Solutions | $28.08M+92.1% | $18.73M+42.9% | $13.34M-8.6% | $14.42M+12.6% | $14.62M+2.8% | |
| Mainstreet Insurance Solutions Segment | $5.87M+7.3% | $6.44M+23.2% | $6.12M+20.9% | $5.83M+18.3% | $5.47M+29.3% | |
| Underwriting, Capacity & Technology Solutions | $27.32M+88.0% | $23.24M+200% | $16.76M+69.8% | $13.98M+39.2% | $14.54M+62.5% | |
| Net Interest Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | -$38.94M-30.4% | -$28.92M+1.7% | -$31.02M+1.1% | -$31.19M+0.4% | -$29.86M+5.4% | |
| Insurance Advisory Solutions | $134K— | $0— | $0-100% | $1K0.0% | $0-100% | |
| Mainstreet Insurance Solutions Segment | -$11K-10.0% | -$11K+35.3% | -$16K-500% | -$24K-100% | -$10K-42.9% | |
| Underwriting, Capacity & Technology Solutions | -$79K+27.5% | -$74K— | -$100K-933% | -$110K— | -$109K-519% | |
| Selling Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $1.8M-16.5% | $2.29M+1.2% | $2.29M+34.9% | $2.21M+24.6% | $2.15M+89.8% | |
| Insurance Advisory Solutions | $11.67M+91.3% | $5.88M-11.0% | $5.72M+8.9% | $6.42M+5.3% | $6.1M+18.7% | |
| Mainstreet Insurance Solutions Segment | $3.01M-25.2% | $3.87M-14.5% | $3.36M-15.5% | $3.83M+9.5% | $4.03M+7.5% | |
| Underwriting, Capacity & Technology Solutions | $2.14M+37.6% | $1.72M+64.7% | $1.52M+33.3% | $1.59M+34.8% | $1.55M+47.9% | |
| Investment income by Business | ||||||
| Corporate Segment and Other Operating Segment | $461K-38.9% | $276K-48.7% | $304K-64.2% | $459K-16.4% | $754K+592% | |
| Insurance Advisory Solutions | $1.55M+51.2% | $1.03M-23.6% | $1.38M-23.5% | $912K-32.8% | $1.02M-19.1% | |
| Mainstreet Insurance Solutions Segment | $31K-46.6% | $38K+8.6% | $47K— | $56K— | $58K— | |
| Underwriting, Capacity & Technology Solutions | $1.33M+28.5% | $1.35M+7.1% | $1.34M+24.6% | $1.14M+36.7% | $1.04M+15.7% | |
| Outside commissions by Business | ||||||
| Corporate Segment and Other Operating Segment | -$16.02M+11.3% | -$17.2M+19.6% | -$17.18M+20.8% | -$18.99M-3.3% | -$18.07M-2.2% | |
| Insurance Advisory Solutions | $4.68M+28.5% | $2.84M+3.5% | $2.15M-15.7% | $2.8M+10.7% | $3.64M+14.3% | |
| Mainstreet Insurance Solutions Segment | $20.27M+6.2% | $18.01M-8.6% | $18.65M-3.3% | $19.06M-2.0% | $19.09M-1.4% | |
| Underwriting, Capacity & Technology Solutions | $57.76M-5.6% | $57.54M-10.9% | $75.49M+1.4% | $70.72M+8.7% | $61.16M+8.9% | |
| Administrative Fees Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $48.29M+42.4% | $31.38M+0.9% | $36.17M+9.2% | $32.92M-30.5% | $33.93M+3.5% | |
| Insurance Advisory Solutions | $32.3M+131% | $17.06M+15.6% | $13.86M-18.6% | $13.89M-16.7% | $14M-3.9% | |
| Mainstreet Insurance Solutions Segment | $12.91M+69.5% | $15.52M+99.8% | $11.21M+69.4% | $7.74M+16.7% | $7.61M+17.3% | |
| Underwriting, Capacity & Technology Solutions | $10.56M+119% | $6.68M+53.1% | $5.9M+46.0% | $5.34M+69.7% | $4.82M+16.6% | |
| Depreciation and amortization expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $1.71M+21.8% | $1.79M+25.3% | $1.66M+50.7% | $1.45M+42.5% | $1.4M+41.5% | |
| Insurance Advisory Solutions | $32.26M+133% | $16.94M+16.6% | $13.63M-18.9% | $13.52M-17.2% | $13.87M-1.4% | |
| Mainstreet Insurance Solutions Segment | $12.88M+70.5% | $15.49M+101% | $11.18M+70.4% | $7.58M+16.7% | $7.56M+17.7% | |
| Underwriting, Capacity & Technology Solutions | $10.24M+121% | $6.45M+49.0% | $5.58M+39.5% | $5.1M+63.5% | $4.64M+14.0% | |
| Loss on extinguishment and modification of debt by Business | ||||||
| Corporate Segment and Other Operating Segment | -$7.41M-209% | -$542K-1,104% | -$3.29M-746% | $0+100% | -$2.39M— | |
| 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-79.5% | $648K-87.2% | $485K-50.1% | $1.96M+109% | $2.03M+41.9% | |
| Insurance Advisory Solutions | $1.53M+51.4% | $2.49M+38.8% | $1.96M+0.1% | $1.68M-11.3% | $1.01M+118% | |
| Mainstreet Insurance Solutions Segment | $3.79M+76.8% | $5.4M+236% | $2.59M-2.7% | $3.57M+45.7% | $2.15M-1.6% | |
| Underwriting, Capacity & Technology Solutions | $6.93M+84.6% | $1.81M-50.6% | $3.83M-16.8% | $4.17M-21.0% | $3.75M-7.9% | |
| Colleague compensation and benefits by Business | ||||||
| Corporate Segment and Other Operating Segment | $8.83M-12.0% | $11.62M+4.7% | $12.64M+37.2% | $11.99M+42.0% | $10.04M-1.6% | |
| Insurance Advisory Solutions | $211.92M+54.7% | $122.29M-17.7% | $123.49M+5.8% | $127.29M+7.1% | $136.95M-1.7% | |
| Mainstreet Insurance Solutions Segment | $28.62M+10.0% | $26.31M+5.9% | $26.52M+14.8% | $25.85M+2.5% | $26.02M+3.3% | |
| Underwriting, Capacity & Technology Solutions | $34.24M+36.9% | $30.78M+8.6% | $30.38M+28.6% | $30.34M+31.0% | $25.01M-5.2% | |
| Change in fair value of contingent consideration by Business | ||||||
| Corporate Segment and Other Operating Segment | $0— | $0— | $0— | $0— | $0— | |
| Insurance Advisory Solutions | $298K-95.8% | —— | $1.53M+137% | -$468K-112% | $7.14M-29.2% | |
| Mainstreet Insurance Solutions Segment | $237K+10.7% | $1.18M+455% | $0-100% | $65K-69.3% | $214K+201% | |
| Underwriting, Capacity & Technology Solutions | $1.43M+102% | -$1.01M— | $447K-85.3% | -$1.55M-202% | $709K-74.7% | |
| Goodwill of acquired businesses by Business | ||||||
| Insurance Advisory Solutions | $940.29M— | $0— | —— | —— | —— | |
| Mainstreet Insurance Solutions Segment | $0-100% | $24.62M— | $24.62M— | $24.62M— | $24.62M— | |
| Underwriting, Capacity & Technology Solutions | $194.33M— | $683K— | —— | —— | —— | |
| Goodwill by Business | ||||||
| Insurance Advisory Solutions | $1.87B— | $932.49M0.0% | $932.49M— | —— | —— | |
| Mainstreet Insurance Solutions Segment | $342.78M— | $342.78M+40.3% | $342.78M— | —— | —— | |
| Underwriting, Capacity & Technology Solutions | $436.58M— | $241.91M+2.7% | $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+229% | $6.9M— | $5.86M— | $5.49M— | $4.32M— | |
| Commission revenue(1) | $420.55M+24.1% | $270.93M+5.5% | $277.44M+2.7% | $299.24M+6.7% | $338.86M+5.1% | |
| Consulting and service fee revenue | $43.47M+116% | $20.92M+3.8% | $26.92M+39.8% | $27.38M+47.0% | $20.16M+0.1% | |
| Other income | $3.79M-22.3% | $4.38M-32.1% | $2.78M-4.0% | $4.5M+291% | $4.88M+113% | |
| Policy fee and installment fee revenue | $20.74M+15.4% | $20.38M+16.7% | $20.6M+28.7% | $19.68M+34.4% | $17.98M+42.6% | |
| Profit-sharing revenue | $26.11M+7.3% | $21.07M-18.3% | $28.72M+7.2% | $19.96M-10.4% | $24.34M+17.7% | |
| Colleague compensation and benefits by Product | ||||||
| Benefits and other | $60.12M+35.2% | $35.68M+1.0% | $34.82M+11.3% | $43.13M+17.4% | $44.47M+1.6% | |
| Fixed compensation | $109.11M+38.9% | $87.17M+12.1% | $86.71M+12.1% | $83.15M+13.0% | $78.57M+5.7% | |
| Inside advisor commissions | $95.25M+48.3% | $46.48M-2.4% | $47.86M+16.6% | $49.13M+5.4% | $64.24M+1.0% | |
| Severance | $6.32M+424% | $2.35M+6.5% | $1.62M+139% | $1.62M+36.3% | $1.21M-28.5% | |
| Share-based compensation | $12.82M+0.1% | $19.34M+3.2% | $22.02M+22.7% | $16.95M+15.2% | $12.8M-9.2% |
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.
