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+11.7% | -$69.64M+9.7% | -$73.57M+1.5% | -$77.55M-6.7% | -$76.86M-8.5% | |
| Insurance Advisory Solutions | $830.85M+15.8% | $727.32M+2.2% | $731.58M+6.0% | $732.4M+7.7% | $717.26M— | |
| Mainstreet Insurance Solutions Segment | $301.54M+4.9% | $297.75M+5.9% | $292.77M+8.4% | $286.95M+9.7% | $287.45M— | |
| Underwriting, Capacity & Technology Solutions | $559.22M+13.2% | $549.45M+16.2% | $536.71M+17.2% | $519.24M+17.4% | $494.22M— | |
| Net income (loss) by Business | ||||||
| Corporate Segment and Other Operating Segment | -$222.49M-0.2% | -$219.47M-0.4% | -$219.71M+4.7% | -$212.36M+11.0% | -$222.05M+6.0% | |
| Mainstreet Insurance Solutions Segment | $31.1M-29.3% | $35.21M-16.0% | $39.18M+0.4% | $41.11M+10.0% | $44.01M+27.8% | |
| Underwriting, Capacity & Technology Solutions | $57.31M-6.1% | $72.16M-13.5% | $74.29M-2.8% | $71.12M-4.1% | $61M-6.4% | |
| Total expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $154.6M+6.5% | $149.83M+5.9% | $146.14M-4.5% | $134.81M-20.0% | $145.19M-13.1% | |
| Insurance Advisory Solutions | $777.71M+18.6% | $669.38M+1.5% | $670.65M+3.2% | $661.83M+1.0% | $655.51M+0.6% | |
| Mainstreet Insurance Solutions Segment | $270.44M+11.1% | $262.54M+9.7% | $253.59M+11.0% | $245.84M+11.0% | $243.44M+14.4% | |
| Underwriting, Capacity & Technology Solutions | $501.92M+15.9% | $477.29M+22.5% | $462.43M+21.7% | $448.12M+25.2% | $433.22M+25.0% | |
| Total Assets by Business | ||||||
| Corporate Segment and Other Operating Segment | $328.49M-16.1% | $356.57M+8.2% | $318.54M+1.4% | $361.86M+51.1% | $391.47M+138% | |
| Insurance Advisory Solutions | $10.98B— | $9.22B— | $9.26B— | $9.29B— | —— | |
| Mainstreet Insurance Solutions Segment | $2.64B— | $2.46B— | $2.28B— | $2.07B— | —— | |
| Underwriting, Capacity & Technology Solutions | $3.39B— | $2.9B— | $2.76B— | $2.64B— | —— | |
| Nonoperating Income (Expense), Other by Business | ||||||
| Corporate Segment and Other Operating Segment | $142.77M+8,329% | -$1.88M+18.2% | -$833K+71.9% | -$790K+78.1% | -$1.74M+34.8% | |
| Mainstreet Insurance Solutions Segment | -$1.44M-4.3% | -$1.99M-302% | -$1.13M-46.6% | -$1.2M-14.3% | -$1.38M-3.7% | |
| Underwriting, Capacity & Technology Solutions | $2.05M+147% | $1.74M-94.0% | $2.71M-87.5% | $53K-99.7% | -$4.4M-125% | |
| Total expenses by Business | ||||||
| Corporate Segment and Other Operating Segment | $164.32M+432% | $29.76M+5.6% | $32.22M+30.0% | $32.51M+30.9% | $30.88M+18.1% | |
| Insurance Advisory Solutions | $74.57M+35.3% | $61.1M+11.7% | $55.48M-2.0% | $56.73M-0.5% | $55.12M-6.9% | |
| Mainstreet Insurance Solutions Segment | $24.26M+17.3% | $23.86M+22.7% | $22.65M+23.4% | $21.59M+23.9% | $20.69M+24.4% | |
| Underwriting, Capacity & Technology Solutions | $81.29M+92.6% | $68.5M+87.2% | $53.02M+38.8% | $46.13M+22.3% | $42.2M+14.0% | |
| Net Interest Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | -$130.06M-6.7% | -$120.98M+2.2% | -$121.47M+2.2% | -$121.8M+0.7% | -$121.93M-0.5% | |
| Insurance Advisory Solutions | $135K+6,650% | $1K-75.0% | $1K-97.7% | $2K-97.5% | $2K-98.3% | |
| Mainstreet Insurance Solutions Segment | -$62K-77.1% | -$61K-90.6% | -$67K-793% | -$47K-1,075% | -$35K-326% | |
| Underwriting, Capacity & Technology Solutions | -$363K— | -$393K— | —— | —— | —— | |
| Selling Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $8.59M+8.9% | $8.94M+30.2% | $8.91M+38.7% | $8.32M+27.0% | $7.88M+19.4% | |
| Insurance Advisory Solutions | $29.69M+23.4% | $24.12M+4.4% | $24.85M+16.0% | $24.38M+15.5% | $24.06M+20.6% | |
| Mainstreet Insurance Solutions Segment | $14.08M-12.2% | $15.09M-4.2% | $15.75M+5.7% | $16.37M+12.2% | $16.04M+8.7% | |
| Underwriting, Capacity & Technology Solutions | $6.97M+41.7% | $6.38M+44.6% | $5.71M+30.9% | $5.33M+26.6% | $4.92M+22.4% | |
| Investment income by Business | ||||||
| Corporate Segment and Other Operating Segment | $1.5M-44.2% | $1.79M-12.3% | $2.06M+17.7% | $2.6M+129% | $2.69M+226% | |
| Insurance Advisory Solutions | $4.87M-12.0% | $4.35M-24.7% | $4.67M-12.9% | $5.09M+13.4% | $5.54M+36.3% | |
| Mainstreet Insurance Solutions Segment | $172K+84.9% | $199K+469% | $196K— | $149K— | $93K— | |
| Underwriting, Capacity & Technology Solutions | $5.16M+22.7% | $4.86M+19.7% | $4.77M+44.1% | $4.51M+64.1% | $4.2M+73.2% | |
| Outside commissions by Business | ||||||
| Corporate Segment and Other Operating Segment | -$69.39M+12.8% | -$71.43M+9.8% | -$75.63M-1.2% | -$80.15M-14.6% | -$79.55M-16.2% | |
| Insurance Advisory Solutions | $12.47M+8.8% | $11.43M+3.8% | $11.33M+11.8% | $11.73M+24.1% | $11.46M+30.4% | |
| Mainstreet Insurance Solutions Segment | $75.98M-2.0% | $74.8M-3.8% | $76.49M+3.8% | $77.12M+10.1% | $77.5M+17.1% | |
| Underwriting, Capacity & Technology Solutions | $261.51M-1.4% | $264.91M+1.8% | $271.92M+9.7% | $270.85M+19.9% | $265.19M+24.5% | |
| Administrative Fees Expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $148.76M+2.2% | $134.39M-6.9% | $134.13M-7.0% | $131.09M-7.7% | $145.53M+15.8% | |
| Insurance Advisory Solutions | $77.1M+23.5% | $58.8M-6.7% | $56.5M-9.6% | $59.66M-0.1% | $62.45M+9.0% | |
| Mainstreet Insurance Solutions Segment | $47.38M+65.5% | $42.09M+53.0% | $34.33M+33.6% | $29.74M+18.8% | $28.63M+17.6% | |
| Underwriting, Capacity & Technology Solutions | $28.47M+74.0% | $22.73M+45.0% | $20.42M+30.9% | $18.56M+17.2% | $16.37M-3.6% | |
| Depreciation and amortization expense by Business | ||||||
| Corporate Segment and Other Operating Segment | $6.6M+33.5% | $6.29M+38.9% | $5.93M+53.2% | $5.38M+51.9% | $4.94M+50.4% | |
| Insurance Advisory Solutions | $76.35M+24.1% | $57.96M-6.1% | $55.54M-9.0% | $58.71M+1.1% | $61.51M+10.7% | |
| Mainstreet Insurance Solutions Segment | $47.13M+66.5% | $41.81M+53.9% | $34.01M+34.3% | $29.39M+19.4% | $28.3M+18.0% | |
| Underwriting, Capacity & Technology Solutions | $27.37M+70.1% | $21.77M+40.3% | $19.65M+28.1% | $18.07M+16.7% | $16.09M-2.6% | |
| Loss on extinguishment and modification of debt by Business | ||||||
| Corporate Segment and Other Operating Segment | -$11.24M+35.8% | -$6.23M+58.8% | -$5.73M— | -$2.83M— | -$17.51M— | |
| 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-61.1% | $5.12M-39.2% | $9.55M+71.0% | $10.04M+46.3% | $9.01M+10.3% | |
| Insurance Advisory Solutions | $7.66M+15.1% | $7.14M+16.9% | $6.44M+38.6% | $6.44M+113% | $6.66M+356% | |
| Mainstreet Insurance Solutions Segment | $15.35M+73.2% | $13.7M+54.0% | $9.91M+21.4% | $9.98M+56.6% | $8.86M+84.9% | |
| Underwriting, Capacity & Technology Solutions | $16.74M-3.3% | $13.57M-23.0% | $15.43M-2.7% | $16.2M+23.3% | $17.3M+77.4% | |
| Colleague compensation and benefits by Business | ||||||
| Corporate Segment and Other Operating Segment | $45.09M+16.2% | $46.29M+18.8% | $45.77M-7.0% | $42.35M-31.0% | $38.8M-47.8% | |
| Insurance Advisory Solutions | $585M+12.3% | $510.03M-2.5% | $536.28M+10.6% | $529.51M+10.8% | $521.04M+11.1% | |
| Mainstreet Insurance Solutions Segment | $107.3M+8.2% | $104.71M+6.4% | $103.25M+8.7% | $99.83M+7.0% | $99.2M+10.8% | |
| Underwriting, Capacity & Technology Solutions | $125.74M+25.6% | $116.5M+14.8% | $114.08M+19.6% | $107.32M+14.2% | $100.15M+7.6% | |
| 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+74.1% | $1.46M+243% | $491K-27.1% | $702K-24.1% | $849K-27.7% | |
| Underwriting, Capacity & Technology Solutions | -$680K— | -$1.41M— | —— | —— | —— | |
| Goodwill of acquired businesses by Business | ||||||
| Mainstreet Insurance Solutions Segment | $73.86M— | $98.49M— | —— | —— | —— | |
| Commissions and fees by Product | ||||||
| Assumed premium earned | $32.45M+652% | $22.57M— | $15.67M— | $9.81M— | $4.32M— | |
| Commission revenue(1) | $1.27B+10.6% | $1.19B+5.0% | $1.17B+6.3% | $1.17B+8.9% | $1.15B+12.5% | |
| Consulting and service fee revenue | $118.69M+51.8% | $95.37M+22.0% | $94.61M+26.6% | $86.95M+12.7% | $78.19M— | |
| Other income | $15.45M+0.5% | $16.54M+29.2% | $18.61M+98.1% | $18.73M+111% | $15.38M+54.6% | |
| Policy fee and installment fee revenue | $81.4M+23.2% | $78.64M+29.5% | $75.73M+28.9% | $71.13M+19.0% | $66.09M— | |
| Profit-sharing revenue | $95.86M-3.4% | $94.09M-1.5% | $98.79M+13.1% | $96.86M+12.0% | $99.19M+9.0% | |
| Colleague compensation and benefits by Product | ||||||
| Benefits and other | $173.75M+17.5% | $158.1M+7.5% | $157.76M+8.2% | $154.23M+3.9% | $147.82M+1.4% | |
| Fixed compensation | $366.14M+19.2% | $335.6M+10.7% | $326.18M+9.1% | $316.83M+7.3% | $307.28M+4.1% | |
| Inside advisor commissions | $238.71M+19.6% | $207.71M+4.4% | $208.85M+5.5% | $202.03M-0.8% | $199.53M-2.0% | |
| Severance | $11.91M+126% | $6.79M+18.0% | $6.65M-18.8% | $5.71M-53.0% | $5.27M-66.1% | |
| Share-based compensation | $71.13M+10.8% | $71.11M+8.6% | $70.51M+15.9% | $66.44M+16.7% | $64.21M+14.1% |
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.