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 March 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 2026-Q1 was Commission at $421M, 80% of the disclosed total, just ahead of Consultingand Service Fee at 8.2%.
| 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 | $421M | 80% |
| Consultingand Service Fee | $43M | 8.2% |
| Profit Sharing | $26M | 4.9% |
| Policy Feeand Installment Fee | $21M | 3.9% |
| Earned Premium | $14M | 2.7% |
| Other Insurance Product Line | $3.8M | 0.7% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $528.9M (+46%)
Earned Premium grew +229% year on yearOther Insurance Product Line -22% year on year
Segment Latestquarter on quarteryear on year
- Commission$420.6M$420.6MQoQ +52%year on year +24%+52%+24%
- Consulting and Service Fee$43.5M$43.5MQoQ +61%year on year +116%+61%+116%
- Profit Sharing$26.1M$26.1MQoQ -9.1%year on year +7.3%-9.1%+7.3%
- Policy Fee and Installment Fee$20.7M$20.7MQoQ +0.69%year on year +15%+0.69%+15%
- Earned Premium$14.2M$14.2MQoQ +142%year on year +229%+142%+229%
- Other Insurance Product Line$3.8M$3.8MQoQ +36%year on year -22%+36%-22%