Baldwin Insurance (BWIN) Income from Non-Controlling Interests (2018 - 2026)

Baldwin Insurance (BWIN) reported Income from Non-Controlling Interests of -$3.2 million for Q1 2026, down 129.12% year-over-year from $11.0 million in Q1 2025, and up 81.76% quarter-over-quarter from -$17.5 million in Q4 2025.

Baldwin Insurance (BWIN) Income from Non-Controlling Interests (2018 - 2026) Analysis & Trends

Baldwin Insurance (BWIN) has 9 years of Income from Non-Controlling Interests data on file, last reported at -$3.2 million in Q1 2026.

  • Income from Non-Controlling Interests for Q1 2026 came in at -$3.2 million, down 129.12% year-over-year; the trailing twelve-month figure through Mar 2026 was -$34.2 million (down 47.75% YoY), and the FY2025 annual result was -$20.0 million, down 20.86% from the prior year.
  • Income from Non-Controlling Interests grew to -$3.2 million in Q1 2026 per BWIN's latest filing, from -$17.5 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 -$8.7 million and a median of -$11.7 million in 2023 frame the typical range for Income from Non-Controlling Interests.
  • The sharpest annual moves came in 2023 and 2024: Income from Non-Controlling Interests sank 348.6% in 2023, then jumped 249.48% in 2024.
  • A 5-year view of Income from Non-Controlling Interests shows it stood at -$43.0 million in 2022, then soared by 34.83% to -$28.0 million in 2023, then soared by 47.61% to -$14.7 million in 2024, then dropped by 19.17% to -$17.5 million in 2025, then jumped by 81.76% to -$3.2 million in 2026.
  • Business Quant data shows BWIN's Income from Non-Controlling Interests at -$3.2 million in Q1 2026, -$17.5 million in Q4 2025, and -$11.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inc. Minority (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 40.00 Mn
2 Aon 69.98 Bn 68.59 Bn - 27.00 Mn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 1.00 Mn
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 6.00 Mn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 1.00 Mn
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - -
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn -
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 1.10 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn - -3.19 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -3.19 Mn
Dec 31, 2025 -17.49 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
Jun 30, 2021 -10.35 Mn