Brown & Brown, Inc.

Brown & Brown, Inc.

BRO
Brown & Brown, Inc.US flagNew York Stock Exchange
60.47
USD
+0.29
- -
20.50BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.81
5.56
6.01
6.47
6.81
7.42
8.75
9.5
11.04
12.84
15.02
16.68
18.59
19.45
Basic EPS, GAAP
0.77
0.73
0.88
0.95
1.47
1.27
1.46
1.75
2.13
2.42
3.12
3.52
3.4
3.57
Free Cash Flow per Basic Share
1.32
1.28
1.32
1.44
1.53
1.94
2.22
2.34
2.77
2.99
3.37
3.87
4.46
4.44
Dividend per Share
0.19
0.21
0.23
0.26
0.29
0.31
0.34
0.37
0.39
0.43
0.48
0.55
0.62
0.64
Book Value per Share
5.8
6.32
7.12
7.89
9.12
10.56
11.64
12.94
14.6
16.52
19.02
21.84
22.66
22.98
Tangible Book Value per Share
-2.19
-4.01
-4.29
-3.76
-2.84
-4.91
-4.82
-6.17
-5.87
-13.2
-12.1
-11.87
-23.94
-22.52
Basic Weighted Avg Shares
282
282
276
272
273
271
272
274
276
278
280
282
310
322
Sales/Revenue/Turnover
1,356
1,567
1,657
1,763
1,857
2,010
2,385
2,606
3,048
3,563
4,199
4,705
5,763
6,259
Operating Margin (%)
27.21
26.62
26.59
26.49
25.36
24.85
23.93
25.67
28.05
27.03
27.53
29.05
26.06
25.6
Depreciation Expense
85
104
108
108
108
109
129
135
153
186
206
222
367
436
Net Income, GAAP
217
207
243
257
400
344
399
480
587
672
871
993
1,054
1,148
Effective Tax Rate (%)
39.29
39.1
39.56
39.2
11.14
25.56
24.23
23.01
23.03
23.29
24
23.1
22.17
21.54
Profit Margin (%)
16.02
13.2
14.68
14.61
21.52
17.13
16.71
18.44
19.26
18.86
20.74
21.11
18.29
18.34
Working Capital
21
301
209
291
255
384
449
604
663
399
174
610
320
139
LT Debt
380
1,153
1,072
1,018
856
1,457
1,668
2,199
2,160
3,887
3,406
3,788
7,137
6,822
Total Equity
2,007
2,114
2,150
2,360
2,583
3,001
3,350
3,754
4,197
4,607
5,579
6,437
12,573
12,613
Return on Invested Capital (%)
9.44
8.76
8.06
8.44
11.97
9.22
8.99
9.21
10.52
9.7
9.56
10.46
7.54
7.98
Return on Capital (%)
11.25
8.8
8.77
8.89
12.98
9.56
9.6
9.74
10.5
10.44
11.22
11.63
10.15
11
Return on Common Equity (%)
13.98
12.11
12.99
12.53
17.24
12.87
13.21
14.3
15.49
15.6
17.59
17.3
15.99
16.59

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
75
781
1,238
LT Borrowings
7,653
6,894
6,584
LT Finance Leases
243
243
238
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
337
336
335
Market Capitalization
27,879
24,687
20,981

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
8,143
8,614
8,455
Cash, Cash Equivalents & STI
1,190
1,079
1,003
Accounts Receivable, Net
2,060
2,085
2,166
Inventories
- -
- -
- -
Total Current Liabilities
6,890
8,294
8,316
Payables & Accruals
1,689
1,042
1,568
ST Debt
75
781
1,238
Deferred Revenue
887
1,180
938

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.25%
30.67%
95.32%
Free Cash Flow
14.51%
16.72%
26.56%
Net Income, GAAP
16.99%
17.28%
6.14%
Sales/Revenue/Turnover
13.42%
17.25%
22.49%
Total Cash Common Dividend
11.76%
14.08%
25.32%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,237
1,154
1,186
1,089
4,705
2025
1,385
1,249
1,550
1,580
5,763
2026
1,880
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.04
0.91
0.83
0.74
3.52
2025
1.17
0.79
0.69
0.79
3.4
2026
1.29
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.13
0.13
0.15
0.55
2025
0.15
0.15
0.15
0.17
0.62
2026
0.17
- -
- -
- -
- -

Company Description

APIChat
CEO
J. Powell Brown
Full Time Employees
22,888
Sector
Financial Services
Industry
Insurance - Brokers
Address
300 North Beach Street Daytona Beach FL United States of America 32114
IPO Date
Feb 11, 1981
Website
bbrown.com
Business
Brown & Brown, Inc. Brown & Brown, Inc. is a leading global insurance brokerage firm that provides risk management solutions, insurance products, and services to businesses, public entities, professional organizations, individuals, and governmental institutions. Founded in 1939 and headquartered in Daytona Beach, Florida, the company operates through three primary segments: Retail, which offers property and casualty insurance, employee benefits, and non-insurance services including automobile dealer finance and insurance products to commercial, public, quasi-public, and individual customers; Programs, which develops, underwrites, and manages specialized insurance programs for niche markets distributed to retail agencies, affinity groups, wholesalers, and direct consumers; and Specialty Distribution (formerly Programs and Wholesale Brokerage), which markets excess and surplus commercial and personal lines insurance, specialty solutions for complex risks, and tailored offerings for insurance carriers, wholesale brokers, retail brokers, and end customers via platforms like Arrowhead Intermediaries and One80. With over 700 locations, more than 23,000 teammates, and operations spanning all 50 U.S. states, Canada, Ireland, the United Kingdom, 19 countries across Europe, Asia, and other international markets, Brown & Brown generates approximately $4.8 billion in annual revenue as one of the top 10 insurance brokerages worldwide. Recent developments include the August 2025 completion of its $9.8 billion acquisition of Accession Risk Management Group, Inc. (parent of Risk Strategies and One80 Intermediaries), which added over 5,000 employees, expanded retail and specialty capabilities, and prompted the creation of the new Specialty Distribution segment; a 10% increase in its quarterly cash dividend to $0.165 per share in October 2025, marking the 32nd consecutive annual raise and inclusion in the S&P 500 Dividend Aristocrats Index; authorization of a $1.5 billion share repurchase program; and leadership enhancements such as appointing Steve Hearn as President of the Retail Segment and overseer of international operations outside North America.

Company News

APIChat
  • Brown & Brown strengthens private equity and M&A services capabilities, appoints Corey Lewis as retail global head of tax insurance

  • Implied Volatility Surging for Brown & Brown Stock Options

  • Why Is Brown & Brown (BRO) Down 9.7% Since Last Earnings Report?

  • 4 Insurance Brokerage Stocks to Gain From Demand and M&A

  • Is It Too Late to Buy Brown & Brown Inc (BRO) After 4.3% Rally? GF Value Says Undervalued

  • 10 Dividend Growth Stocks: May 2025

  • Brown & Brown: No Significant Upside After 1Q26

  • Brown & Brown, Inc. (BRO) Q1 2026 Earnings Call Transcript

  • Brown & Brown Q1 Earnings Top Estimates on Higher Commissions

  • Brown & Brown (BRO) Reports Q1 Earnings: What Key Metrics Have to Say

  • Brown & Brown (BRO) Tops Q1 Earnings and Revenue Estimates

  • Brown & Brown, Inc. announces first quarter 2026 results, including total revenues of $1.9 billion, an increase of 35.4%; flat Organic Revenue; growth of Organic Revenue with Contingents of 2.2%; diluted net income per share of $1.06; Diluted Net Income Per Share - Adjusted of $1.39; and a quarterly dividend of $0.165 per share

  • Is a Beat in the Cards for Brown & Brown This Earnings Season?

  • Brown & Brown (BRO) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

  • Davidson Kahn Capital Management LLC Acquires 7,822 Shares of Brown & Brown, Inc. $BRO

  • Brown & Brown (BRO) Reports Next Week: Wall Street Expects Earnings Growth

  • Artisan Mid Cap Value Fund Q1 2026 Performance Review

  • Brown & Brown announces appointment of Eileen Akerson as chief legal officer

  • Baillie Gifford & Co. Invests $13.24 Million in Brown & Brown, Inc. $BRO

  • Why Brown & Brown (BRO) is Poised to Beat Earnings Estimates Again