The financials
The Baldwin Insurance Group, Inc. by the numbers
The Baldwin Insurance Group, Inc. (BWIN) reported revenue of $532M in Q1 2026 (quarter ended Mar 31, 2026), up 29% from the same quarter a year earlier. That came with net income of $2.3M (0.4% of revenue). For the full year FY2025, revenue was $1.50B (+8.3% year on year) and net income −$34M. Its largest product in Jun 2026 was Commission at $373M, 76% of the disclosed total, well ahead of Consultingand Service Fee at 9.2%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $532M | $413M | +29% |
| Operating income | −$101M | $56M | to a loss |
| Net income | $2.3M | $14M | −83% |
| Diluted EPS | $0.02 | $0.20 | −90% |
| Product | Revenue | Share |
|---|---|---|
| Commission | $373M | 76% |
| Consultingand Service Fee | $45M | 9.2% |
| Profit Sharing | $30M | 6.0% |
| Policy Feeand Installment Fee | $21M | 4.3% |
| Earned Premium | $15M | 3.1% |
| Other Insurance Product Line | $4.8M | 1.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $488.8M (-7.6%)
Earned Premium grew +179% year on yearOther Insurance Product Line +6.7% year on year
Segment Latestquarter on quarteryear on year
- Commission$373.1M$373.1MQoQ -11%year on year +25%-11%+25%
- Consulting and Service Fee$44.9M$44.9MQoQ +3.2%year on year +64%+3.2%+64%
- Profit Sharing$29.5M$29.5MQoQ +13%year on year +48%+13%+48%
- Policy Fee and Installment Fee$21.2M$21.2MQoQ +2.2%year on year +7.7%+2.2%+7.7%
- Earned Premium$15.3M$15.3MQoQ +7.9%year on year +179%+7.9%+179%
- Other Insurance Product Line$4.8M$4.8MQoQ +27%year on year +6.7%+27%+6.7%
Insurance Brokers
Ranks #4 of 4 by Smart Score