Growth Metrics

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% on a QoQ basis from -$17.5 million in Q4 2025.

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

  • Quarterly Income from Non-Controlling Interests fell 129.12% year-over-year to -$3.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$34.2 million (down 47.75% YoY) and the FY2025 annual result came in at -$20.0 million, down 20.86% from the prior year.
  • Income from Non-Controlling Interests advanced to -$3.2 million in Q1 2026 per BWIN's latest filing, from -$17.5 million in the prior quarter.
  • Across five years, Income from Non-Controlling Interests topped out at $22.0 million in Q1 2022 and bottomed at -$43.0 million in Q4 2022.
  • The 5-year median for Income from Non-Controlling Interests is -$11.7 million (2023), against an average of -$8.7 million.
  • The widest annual swing landed in 2023, when Income from Non-Controlling Interests tumbled 348.6%; it then surged 249.48% in 2024.
  • Tracing BWIN's Income from Non-Controlling Interests over 5 years: stood at -$43.0 million in 2022, then jumped by 34.83% to -$28.0 million in 2023, then jumped by 47.61% to -$14.7 million in 2024, then decreased by 19.17% to -$17.5 million in 2025, then surged by 81.76% to -$3.2 million in 2026.
  • Per Business Quant, the three latest BWIN Income from Non-Controlling Interests figures stand at -$3.2 million (Q1 2026), -$17.5 million (Q4 2025), and -$11.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inc. Minority (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 27.00 Mn
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 1.00 Mn
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 6.00 Mn
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 1.00 Mn
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 1.10 Mn
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn -
8 Baldwin Insurance 1.84 Bn 2.28 Bn - -3.19 Mn
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 3.16 Mn
10 Twfg 279.02 Mn 351.22 Mn - 11.32 Mn

Historic Data

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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
Mar 31, 2021 16.00 Mn
Dec 31, 2020 -8.81 Mn
Sep 30, 2020 -4.35 Mn
Jun 30, 2020 -4.27 Mn
Mar 31, 2020 3.24 Mn
Dec 31, 2019 -18.28 Mn
Sep 30, 2019 -2.31 Mn
Jun 30, 2019 -2.96 Mn
Mar 31, 2019 9.74 Mn
Dec 31, 2018 603,000.00
Sep 30, 2018 863,000.00