An uncured branched polyester-urethane resin prepared by free radical polymerization of an unsaturated polyester prepolymer having a polyol segment, an unsaturated polycarboxylic acid and/or an anhydride and/or ester thereof, and a urethane segment, wherein the polymerization occurs primarily by reaction of the unsaturation is disclosed. Coatings comprising the same are also disclosed, as are substrates coated at least in part with such coatings.