Baldwin Insurance (BWIN) Income from Non-Controlling Interests (2018 - 2026)
Baldwin Insurance's (BWIN) quarterly Income from Non-Controlling Interests came in at -$17.0 million in Q2 2026, down 759.18% year-over-year from $2.6 million in Q2 2025, and down 300.9% quarter-over-quarter from -$4.2 million in Q1 2026.
Powered by 
Analysis
Baldwin Insurance (BWIN) Income from Non-Controlling Interests (2018 - 2026) Analysis & Trends
Baldwin Insurance (BWIN) has reported Income from Non-Controlling Interests for 9 consecutive years, with -$17.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Income from Non-Controlling Interests fell 759.18% year-over-year to -$17.0 million in Q2 2026; TTM through Jun 2026 was -$50.5 million, a 328.61% decrease from a year earlier, with the FY2025 full-year figure at -$20.3 million, down 22.81% from the prior year.
- Income from Non-Controlling Interests was -$17.0 million for Q2 2026 at Baldwin Insurance, down from -$4.2 million in the prior quarter.
- Over five years, Income from Non-Controlling Interests peaked at $22.0 million in Q1 2022 and troughed at -$43.0 million in Q4 2022.
- A 5-year average of -$9.3 million and a median of -$12.5 million in 2023 frame the typical range for Income from Non-Controlling Interests.
- Across the five-year window, Income from Non-Controlling Interests soared 249.48% in 2024 and slumped 759.18% in 2026, its largest moves.
- Over 5 years, Income from Non-Controlling Interests stood at -$43.0 million in 2022, then surged by 34.83% to -$28.0 million in 2023, then surged by 47.61% to -$14.7 million in 2024, then decreased by 21.37% to -$17.8 million in 2025, then climbed by 4.64% to -$17.0 million in 2026.
- The last three Income from Non-Controlling Interests figures came in at -$17.0 million (Q2 2026), -$4.2 million (Q1 2026), and -$17.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inc. Minority (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 25.00 Mn |
| 2 | Aon | 60.67 Bn | 59.43 Bn | - | 14.00 Mn |
| 3 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | - |
| 4 | Willis Towers Watson | 28.02 Bn | 26.44 Bn | 2.09 Bn | 2.00 Mn |
| 5 | Brown & Brown | 20.61 Bn | 19.72 Bn | 1.41 Bn | 1.00 Mn |
| 6 | XChange TEC.INC | 11.95 Bn | 11.95 Bn | - | - |
| 7 | Erie Indemnity | 10.83 Bn | 10.48 Bn | - | - |
| 8 | Ryan Specialty Holdings | 9.82 Bn | 10.19 Bn | - | 66.07 Mn |
| 9 | Hagerty | 4.67 Bn | 4.81 Bn | 244.11 Mn | 7.76 Mn |
| 10 | Baldwin Insurance | 4.45 Bn | 4.81 Bn | - | -16.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.99 Mn |
| Mar 31, 2026 | -4.24 Mn |
| Dec 31, 2025 | -17.81 Mn |
| Sep 30, 2025 | -11.51 Mn |
| Jun 30, 2025 | -1.98 Mn |
| Mar 31, 2025 | 10.96 Mn |
| Dec 31, 2024 | -14.68 Mn |
| Sep 30, 2024 | -6.10 Mn |
| Jun 30, 2024 | -13.31 Mn |
| Mar 31, 2024 | 17.52 Mn |
| Dec 31, 2023 | -28.01 Mn |
| Sep 30, 2023 | -14.38 Mn |
| Jun 30, 2023 | -19.77 Mn |
| Mar 31, 2023 | -11.72 Mn |
| Dec 31, 2022 | -42.98 Mn |
| Sep 30, 2022 | -21.91 Mn |
| Jun 30, 2022 | 7.95 Mn |
| Mar 31, 2022 | 21.97 Mn |
| Dec 31, 2021 | -21.74 Mn |
| Sep 30, 2021 | -11.39 Mn |
API Access
Baldwin Insurance Income from Non-Controlling Interests API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-from-non-controlling-interests&ticker=BWIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-non-controlling-interests", "ticker": "BWIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-from-non-controlling-interests&ticker=BWIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();