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Related Party Transactions (Notes)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Related Party Balances
Baldwin Holdings holds an ownership interest in Emerald Bay Risk Solutions, LLC (“Emerald Bay”), an entity formed for the benefit of the MGA business, to which Baldwin Holdings, Lowry Baldwin (the Company’s Chairman), and members of the Company's executive management team have made capital commitments. The carrying value of the Company’s investment in Emerald Bay was $2.3 million at June 30, 2026 and December 31, 2025. Investments are included in other assets on the condensed consolidated balance sheets.
Commission Revenue
The Company serves as a broker for Holding Company of the Villages, Inc. (“The Villages”), a significant shareholder, and certain affiliated entities. Commission revenue recorded from transactions with The Villages and affiliated entities was $1.0 million and $0.2 million for the three months ended June 30, 2026 and 2025, respectively, and $1.8 million and $2.0 million for the six months ended June 30, 2026 and 2025, respectively.
Family Relationships
Two brothers of Lowry Baldwin, the Company’s Chairman, collectively received producer commissions from the Company comprising $0.1 million and $0.2 million for the three and six months ended June 30, 2025, respectively.
The Estate of John Baldwin, brother of Lowry Baldwin, the Company’s Chairman, received $1.1 million in proceeds from the Company for the sale of John Baldwin’s book of business during the six months ended June 30, 2026.
Rent Expense
The Company has various agreements to lease office space from wholly-owned subsidiaries of The Villages. Total rent expense incurred with respect to The Villages and its wholly-owned subsidiaries was $0.2 million for each of the three months ended June 30, 2026 and 2025, and $0.4 million for each of the six months ended June 30, 2026 and 2025. Total right-of-use assets and operating lease liabilities included on the Company’s condensed consolidated balance sheets relating to these lease agreements were $1.9 million and $1.9 million, respectively, at June 30, 2026 and $1.7 million and $1.8 million, respectively, at December 31, 2025.
The Company has various agreements to lease office space from other related parties. Total rent expense incurred with respect to other related parties was $0.8 million and $0.9 million for the three months ended June 30, 2026 and 2025, respectively, and $1.7 million for each of the six months ended June 30, 2026 and 2025. Total right-of-use assets and operating lease liabilities included on the Company’s condensed consolidated balance sheets relating to these lease agreements were $9.0 million and $9.4 million, respectively, at June 30, 2026 and $7.6 million and $8.8 million, respectively, at December 31, 2025.