Baldwin Insurance (BWIN) Work In Process (2018 - 2026)
Baldwin Insurance (BWIN) posted quarterly Work In Process of $273.9 million for Q2 2026, down 6.79% year-over-year from $293.9 million in Q2 2025, and down 15.58% quarter-over-quarter from $324.5 million in Q1 2026.
Baldwin Insurance (BWIN) Work In Process (2018 - 2026) Analysis & Trends
Baldwin Insurance (BWIN) has reported Work In Process for 9 consecutive years, with $273.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Work In Process fell 6.79% year-over-year to $273.9 million; the TTM figure through Jun 2026 stood at $273.9 million (down 6.79% YoY), while the FY2025 annual figure was $279.5 million, up 12.0% from the prior year.
- Work In Process eased to $273.9 million in Q2 2026 per BWIN's latest filing, from $324.5 million in the prior quarter.
- Across five years, Work In Process topped out at $415.3 million in Q1 2024 and bottomed at $186.5 million in Q2 2022.
- Historically, Work In Process has averaged $296.7 million across 5 years, with a median of $294.3 million in 2025.
- Annual changes were most pronounced in 2022 — Work In Process jumped 78.88% — and 2025, when it plunged 30.72%.
- Baldwin Insurance's Work In Process stood at $278.0 million in 2022, then grew by 23.26% to $342.7 million in 2023, then fell by 27.17% to $249.6 million in 2024, then rose by 12.0% to $279.5 million in 2025, then decreased by 2.01% to $273.9 million in 2026.
- Business Quant data shows BWIN's Work In Process at $273.9 million in Q2 2026, $324.5 million in Q1 2026, and $279.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn |
| 10 | Baldwin Insurance | 2.90 Bn | 2.72 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 273.91 Mn |
| Mar 31, 2026 | 324.46 Mn |
| Dec 31, 2025 | 279.52 Mn |
| Sep 30, 2025 | 294.72 Mn |
| Jun 30, 2025 | 293.87 Mn |
| Mar 31, 2025 | 287.70 Mn |
| Dec 31, 2024 | 249.58 Mn |
| Sep 30, 2024 | 349.29 Mn |
| Jun 30, 2024 | 376.05 Mn |
| Mar 31, 2024 | 415.26 Mn |
| Dec 31, 2023 | 342.69 Mn |
| Sep 30, 2023 | 328.00 Mn |
| Jun 30, 2023 | 316.63 Mn |
| Mar 31, 2023 | 346.82 Mn |
| Dec 31, 2022 | 278.02 Mn |
| Sep 30, 2022 | 192.18 Mn |
| Jun 30, 2022 | 186.48 Mn |
| Mar 31, 2022 | 206.19 Mn |
| Dec 31, 2021 | 168.55 Mn |
| Sep 30, 2021 | 140.13 Mn |