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

Baldwin Insurance's (BWIN) quarterly Income from Non-Controlling Interests came in at -$4.2 million in Q1 2026, down 138.66% year-on-year from $11.0 million in Q1 2025, and up 75.77% on a QoQ basis 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 -$4.2 million in Q1 2026.

  • On a quarterly basis, Income from Non-Controlling Interests fell 138.66% year-over-year to -$4.2 million in Q1 2026; TTM through Mar 2026 was -$35.2 million, a 52.27% decrease from a year earlier, with the FY2025 full-year figure at -$20.0 million, down 20.86% from the prior year.
  • Income from Non-Controlling Interests for Q1 2026 stood at -$4.2 million, up from -$17.5 million in the prior quarter.
  • Over the last five years, Income from Non-Controlling Interests for BWIN reached as high as $22.0 million in Q1 2022 and fell as low as -$43.0 million in Q4 2022.
  • Historically, Income from Non-Controlling Interests has averaged -$8.8 million across 5 years, with a median of -$11.7 million in 2023.
  • Across the five-year window, Income from Non-Controlling Interests tumbled 348.6% in 2023 and surged 249.48% in 2024, its largest moves.
  • Year by year, Income from Non-Controlling Interests 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 retreated by 19.17% to -$17.5 million in 2025, then jumped by 75.77% to -$4.2 million in 2026.
  • Per Business Quant data, the three most recent Income from Non-Controlling Interests figures were -$4.2 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 XChange TEC.INC 121,240.72 Bn 121,240.72 Bn - -
2 Marsh & Mclennan Companies 87.67 Bn 75.47 Bn 6.04 Bn 25.00 Mn
3 Aon 78.33 Bn 76.91 Bn - 27.00 Mn
4 Arthur J. Gallagher 64.54 Bn 63.12 Bn - 1.00 Mn
5 Willis Towers Watson 28.40 Bn 26.55 Bn 1.98 Bn 6.00 Mn
6 Brown & Brown 23.09 Bn 22.09 Bn 1.61 Bn 1.00 Mn
7 Neptune Insurance Holdings 4.23 Bn 4.22 Bn 26.44 Mn -
8 Accelerant Holdings 3.23 Bn 1.70 Bn 48.00 Mn 1.10 Mn
9 Corvel 3.11 Bn 2.76 Bn 54.92 Mn -
10 Baldwin Insurance 2.51 Bn 2.36 Bn - -4.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.24 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