BWIN · Baldwin Insurance Group, Inc. · Financials
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Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| $1.74B | $1.5B | $1.39B | $1.22B | $980.72M | $567.29M | — | — | — | |
| -$144.7M | -$121.43M | -$123.64M | -$119.47M | -$71.07M | -$26.9M | -$7.86M | -$10.64M | -$6.63M | |
| $180.5M | $121.32M | $102.73M | $92.7M | $81.74M | $48.72M | $19.04M | $10.01M | $2.58M | |
| $188.59M | $127.83M | $108.92M | $98.4M | $86.36M | $51.51M | $20.17M | $10.55M | $3.09M | |
| $376.68M | $183.22M | $138.94M | $140.39M | $126.96M | — | — | — | — | |
| $1.86B | $1.43B | $1.33B | $1.26B | $1.01B | $598.92M | $262.86M | $142.91M | $70.35M | |
| $444.37M | $240.28M | $192.37M | $190.27M | $173.71M | $102.16M | $48.06M | $24.58M | $14.38M | |
| -$119.63M | $73.94M | $60.65M | -$42.55M | -$31.1M | -$31.63M | -$21.94M | -$5.07M | $9.53M | |
| — | 4.91% | 4.37% | -3.49% | -3.17% | -5.57% | — | — | — | |
| $68.96M | $201.77M | $169.57M | $55.85M | $55.26M | $19.88M | -$1.77M | $5.48M | $12.62M | |
| -$157.09M | -$126.73M | -$100M | -$120.18M | -$44.94M | -$26.48M | -$7.95M | -$17.37M | -$6.84M | |
| $1.54M | $368K | $0 | $0 | — | — | — | — | — | |
| -$275.18M | -$52.43M | -$39.35M | -$162.73M | -$76.03M | -$58.1M | -$29.89M | -$22.44M | $2.69M | |
| -$143.39M | $1.73M | $1.73M | $1.29M | $715K | $19K | -$5000 | $17K | $0 | |
| -$81.24M | -$33.81M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | -$8.65M | -$624K | |
| — | -2.25% | -1.77% | -7.4% | -4.26% | -5.4% | — | — | — | |
| -$50.55M | -$20.34M | -$16.56M | -$73.88M | -$34.98M | -$27.47M | -$14.19M | -$13.8M | $3.31M | |
| -$81.24M | -$33.81M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | — | — | |
| -$76.22M | -$33.32M | -$24.52M | -$90.14M | -$41.77M | -$30.65M | -$15.7M | -$8.65M | -$624K | |
| USD/shares | -$1.06 | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 | — | — |
| USD/shares | -$1.05 | -$0.50 | -$0.39 | -$1.50 | -$0.74 | -$0.64 | -$0.58 | — | — |
| shares | — | 67.94M | 63.46M | 60.13M | 56.83M | 47.59M | 27.18M | — | — |
| shares | — | 67.94M | 63.46M | 60.13M | 56.83M | 47.59M | 27.18M | — | — |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current operating lease liabilities | 2026-06-30 | USD 21,989,000 | 10-Q filed 2026-07-30 |
| Current portion of long-term debt | 2026-06-30 | USD 16,091,000 | 10-Q filed 2026-07-30 |
| Line of credit borrowings, including current maturities | 2026-06-30 | USD 302,000,000 | 10-Q filed 2026-07-30 |
| Noncurrent operating lease liabilities | 2026-06-30 | USD 75,128,000 | 10-Q filed 2026-07-30 |
| Noncurrent secured debt | 2026-06-30 | USD 2,150,725,000 | 10-Q filed 2026-07-30 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 13 similar-size Insurance Brokers companies (of 26 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Insurance Advisory Solutions | $727,324,000 | $711,936,000 | $646,075,000 | $573,742,000 | — |
| Underwriting Capacity Technology Solutions | $549,452,000 | $472,939,000 | $404,539,000 | $292,782,000 | — |
| Mainstreet Insurance Solutions | $297,747,000 | $281,283,000 | $234,697,000 | $157,038,000 | $61,736,000 |
| Corporate And Other | -$69,639,000 | -$77,121,000 | -$66,756,000 | -$42,842,000 | -$2,723,000 |
| Insurance Advisory Solutions | — | — | — | — | $363,822,000 |
| Underwriting Capacity Technology Solutions | — | — | — | — | $144,455,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Commission Revenue | $1,186,469,000 | $1,129,903,000 | $967,552,000 | $786,794,000 | $472,495,000 | $196,537,000 | — |
| Consulting and Service Fee Revenue | $95,373,000 | $78,168,000 | $74,637,000 | $61,244,000 | $30,182,000 | $3,509,000 | $2,709,000 |
| Profit Sharing Revenue | $94,090,000 | $95,532,000 | $93,437,000 | $66,091,000 | $37,392,000 | $16,397,000 | $9,598,000 |
| Policy Fee and Installment Fee Revenue | $78,642,000 | $60,719,000 | $65,386,000 | $55,362,000 | $19,903,000 | $15,236,000 | $8,154,000 |
| Earned Premium | $22,571,000 | $0 | $0 | — | — | — | — |
| Other Insurance Product Line | $16,535,000 | $12,794,000 | $10,816,000 | $11,229,000 | $7,318,000 | $9,240,000 | $2,926,000 |
| Agency Bill Revenue | — | — | — | — | — | $91,662,000 | $43,619,000 |
| Direct Bill Revenue | — | — | — | — | — | $104,875,000 | $70,835,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Mainstreet Insurance Solutions | $29,494,000 | $18,224,000 | $8,026,000 | — | — |
| Underwriting Capacity Technology Solutions | $27,130,000 | $34,661,000 | $4,524,000 | -$10,064,000 | -$10,900,000 |
| Insurance Advisory Solutions | $23,258,000 | $21,532,000 | $10,859,000 | $13,005,000 | $9,611,000 |
| Corporate And Other | -$122,433,000 | -$105,515,000 | -$55,035,000 | -$31,043,000 | -$13,590,000 |
| Mainstreet Segment | — | — | — | $2,901,000 | $6,528,000 |
| Medicare Segment | — | — | — | $3,263,000 | $3,283,000 |
Operating Margin by Segment (%)
| Component | FY2021 |
|---|---|
| Insurance Advisory Solutions | 3% |
| Underwriting Capacity Technology Solutions | 3.1% |