Baldwin Insurance (BWIN) Debt to Equity (2018 - 2026)
Baldwin Insurance (BWIN) reported Debt to Equity of $2.35 for Q1 2026, up 60.04% year-over-year from $1.47 in Q1 2025, and up 1117.86% quarter-over-quarter from $0.19 in Q4 2025.
Baldwin Insurance (BWIN) Debt to Equity (2018 - 2026) Analysis & Trends
Baldwin Insurance (BWIN) has 9 years of Debt to Equity data on file, last reported at $2.35 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $2.35, up 60.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.35 (up 60.04% YoY), and the FY2025 annual result was $0.19, up 36.33% from the prior year.
- Debt to Equity advanced to $2.35 in Q1 2026 per BWIN's latest filing, from $0.19 in the prior quarter.
- Over five years, Debt to Equity peaked at $2.56 in Q3 2025 and troughed at $0.08 in Q1 2022.
- A 5-year average of $0.75 and a median of $0.53 in 2024 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2022 and 2023: Debt to Equity plunged 83.78% in 2022, then jumped 592.06% in 2023.
- A 5-year view of Debt to Equity shows it stood at $0.48 in 2022, then rose by 12.79% to $0.55 in 2023, then slumped by 74.04% to $0.14 in 2024, then jumped by 36.33% to $0.19 in 2025, then surged by 1117.86% to $2.35 in 2026.
- Business Quant data shows BWIN's Debt to Equity at $2.35 in Q1 2026, $0.19 in Q4 2025, and $2.56 in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 1.39 |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 1.47 |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 0.53 |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 0.78 |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 0.63 |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | -0.04 |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | -1.06 |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | - |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | - |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | 2.35 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.35 |
| Dec 31, 2025 | 0.19 |
| Sep 30, 2025 | 2.56 |
| Jun 30, 2025 | 0.11 |
| Mar 31, 2025 | 1.47 |
| Dec 31, 2024 | 0.14 |
| Sep 30, 2024 | 1.54 |
| Jun 30, 2024 | 0.20 |
| Mar 31, 2024 | 0.53 |
| Dec 31, 2023 | 0.55 |
| Sep 30, 2023 | 0.39 |
| Jun 30, 2023 | 0.53 |
| Mar 31, 2023 | 0.54 |
| Dec 31, 2022 | 0.48 |
| Sep 30, 2022 | 0.66 |
| Jun 30, 2022 | 0.45 |
| Mar 31, 2022 | 0.08 |
| Dec 31, 2021 | 0.72 |
| Sep 30, 2021 | 0.15 |
| Jun 30, 2021 | 0.60 |