BWINNasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31
Baldwin Insurance Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$31.87−0.04 (-0.13%)
Close on Oct 19, 2026
- Market cap
- $2.96B
- P/E (TTM)
- –
- Dividend yield
- –
Baldwin Insurance Group, Inc. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| Insurance Advisory Solutions | $727.32M | $711.94M | $646.08M | $573.74M | $363.82M | – | – | – | 48.3% | +2.2% |
| Underwriting, Capacity & Technology Solutions | $549.45M | $472.94M | $404.54M | $292.78M | $144.46M | – | – | – | 36.5% | +16.2% |
| Mainstreet Insurance Solutions Segment | $297.75M | $281.28M | $234.70M | $157.04M | $61.74M | – | – | – | 19.8% | +5.9% |
| Corporate Segment and Other Operating Segment | -$69.64M | -$77.12M | -$66.76M | -$42.84M | -$2.72M | – | – | – | -4.6% | -9.7% |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Insurance Advisory Solutions | – | – | $23.26M | $21.53M | $10.86M | – | – | – | – |
| Underwriting, Capacity & Technology Solutions | – | – | $27.13M | $34.66M | $4.52M | – | – | – | – |
| Mainstreet Insurance Solutions Segment | – | – | $29.49M | $18.22M | $8.03M | – | – | – | – |
| Corporate Segment and Other Operating Segment | – | – | -$122.43M | -$105.52M | -$55.04M | -$31.04M | -$13.59M | -$2.33M | – |
| MainStreet | – | – | – | $14.81M | $3.69M | $2.90M | $6.53M | $4.65M | – |
| Medicare | – | – | – | $3.41M | $4.33M | $3.26M | $3.28M | $3.02M | – |
| Middle Market | – | – | – | $21.53M | $10.86M | $13.01M | $9.61M | $3.48M | – |
| Specialty | – | – | – | $34.66M | $4.52M | -$10.06M | -$10.90M | $709.00K | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| Commissions revenue | $1.19B | $1.13B | $967.55M | $786.79M | $472.50M | $196.54M | – | – | 78.8% | +5.0% |
| Consulting and service fee revenue | $95.37M | $78.17M | $74.64M | $61.24M | $30.18M | $3.51M | $2.71M | $2.66M | 6.3% | +22.0% |
| Profit-sharing revenue | $94.09M | $95.53M | $93.44M | $66.09M | $37.39M | $16.40M | $9.60M | $6.01M | 6.3% | -1.5% |
| Policy fee and installment fee revenue | $78.64M | $60.72M | $65.39M | $55.36M | $19.90M | $15.24M | $8.15M | $0 | 5.2% | +29.5% |
| Assumed premium earned | $22.57M | $0 | $0 | – | – | – | – | – | 1.5% | – |
| Other income | $16.54M | $12.79M | $10.82M | $11.23M | $7.32M | $9.24M | $2.93M | $1.04M | 1.1% | +29.2% |
| Agency Bill Revenue | – | – | – | – | $202.89M | $91.66M | $43.62M | $17.97M | – | – |
| Direct Bill Revenue | – | – | – | – | $269.60M | $104.88M | $70.84M | $52.21M | – | – |
By region
From the segment and revenue-disaggregation notes of Baldwin Insurance's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.