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Brown & Brown
(NYSE:BRO)
Brown & Brown (BRO) vs. SPDR S&P 500 ETF (SPY)
Brown & Brown Business Overview & Revenue Model
Brown & Brown Key Performance Indicators (KPIs)
Brown & Brown Earnings Call Summary
Brown & Brown Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.33B | 4.71B | 4.20B | 3.56B | 3.05B | 2.61B |
| Gross Profit | 2.63B | 2.30B | 2.01B | 1.75B | 1.41B | 1.17B |
| EBITDA | 1.88B | 1.73B | 1.55B | 1.21B | 980.70M | 817.90M |
| Net Income | 999.00M | 993.00M | 870.50M | 671.80M | 587.10M | 480.50M |
Balance Sheet | ||||||
| Total Assets | 29.35B | 17.61B | 14.88B | 13.97B | 9.80B | 8.97B |
| Cash, Cash Equivalents and Short-Term Investments | 3.46B | 685.00M | 711.00M | 662.00M | 706.10M | 835.73M |
| Total Debt | 318.00M | 4.06B | 4.02B | 4.18B | 2.25B | 2.31B |
| Total Liabilities | 16.95B | 11.18B | 9.30B | 9.37B | 5.60B | 5.21B |
| Stockholders Equity | 12.41B | 6.44B | 5.58B | 4.61B | 4.20B | 3.75B |
Cash Flow | ||||||
| Free Cash Flow | 1.35B | 1.09B | 941.00M | 829.00M | 763.80M | 642.30M |
| Operating Cash Flow | 1.37B | 1.17B | 1.01B | 881.00M | 808.80M | 713.00M |
| Investing Cash Flow | -8.48B | -898.00M | -587.00M | -1.91B | -396.80M | -759.10M |
| Financing Cash Flow | 8.13B | -64.00M | -187.00M | 1.73B | -210.10M | 355.00M |
Brown & Brown Technical Analysis
Brown & Brown Risk Analysis
Brown & Brown Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $26.97B | 23.71 | 10.47% | 0.80% | 17.87% | -9.35% | |
71 Outperform | $88.43B | 21.65 | 28.62% | 1.94% | 10.57% | 2.57% | |
70 Outperform | $13.48B | 23.53 | 30.44% | 1.94% | 9.64% | 15.87% | |
69 Neutral | $64.54B | 40.09 | 9.05% | 0.97% | 17.17% | 19.12% | |
69 Neutral | $30.93B | 15.42 | 27.79% | 1.13% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $73.44B | 27.37 | 38.33% | 0.86% | 14.06% | 5.52% |
Brown & Brown Corporate Events
Brown & Brown faces significant risks associated with its involvement in Accession’s business, particularly through its ownership and participation in captive insurance companies. These risks include underwriting liabilities and potential claims expenses that could negatively impact their financial performance, especially if claims exceed reinsurance coverage. Additionally, ongoing litigation involving Accession’s subsidiary, Oxford Risk Management Group LLC, and potential IRS investigations into tax compliance could further exacerbate these risks. The complexity of these issues, combined with overlapping business operations, may intensify the challenges Brown & Brown encounters, potentially affecting their overall financial stability.
Brown & Brown, Inc. is a leading insurance brokerage firm providing comprehensive and customized insurance solutions, with a global presence and a team of over 23,000 professionals. The company recently announced its third quarter 2025 financial results, reporting a significant increase in total revenues to $1.6 billion, marking a 35.4% growth compared to the same quarter in the previous year. Despite the impressive revenue growth, the company experienced a slight decrease in net income, with diluted net income per share falling to $0.68, although the adjusted figure rose to $1.05. Key financial metrics highlighted in the report include a 34.2% increase in commissions and fees, a 3.5% organic revenue growth, and a notable 41.8% rise in EBITDAC – Adjusted. However, the income before income taxes saw a decrease, with the margin dropping to 19.4%. The company also welcomed over 5,000 new employees, emphasizing its commitment to expanding global capabilities. Looking ahead, Brown & Brown remains focused on delivering growth and profitability, leveraging its enhanced global capabilities to continue providing innovative solutions for its customers.
Brown & Brown’s recent earnings call reflected a generally positive sentiment, highlighting strong revenue growth and increased earnings per share. The company also celebrated successful acquisitions, which contributed to its robust financial performance. Despite these achievements, challenges such as impacts on retail segment growth and margin pressures in Specialty Distribution were acknowledged. Overall, the sentiment was optimistic, with expectations of continued success despite some headwinds.
Brown & Brown, Inc. announced that effective October 17, 2025, Stephen P. Hearn has been appointed as the President of the Retail Segment. He will take over the responsibilities from P. Barrett Brown, who has commenced a personal leave of absence on the same date. Mr. Hearn will continue in his roles as Executive Vice President and Chief Operating Officer, enhancing his leadership within the company.
The most recent analyst rating on (BRO) stock is a Buy with a $133.00 price target. To see the full list of analyst forecasts on Brown & Brown stock, see the BRO Stock Forecast page.
On June 10, 2025, Brown & Brown, Inc. announced a reorganization of its business segments following the acquisition of RSC Topco, Inc. The company will consolidate its Programs and Wholesale Brokerage segments into a new Specialty Distribution segment, effective from the third quarter of 2025. This realignment aims to streamline operations and enhance reporting under two main segments: Retail and Specialty Distribution. The reorganization does not impact previously reported financial statements, but historical segment information has been recast to reflect the new structure.
The most recent analyst rating on (BRO) stock is a Hold with a $105.00 price target. To see the full list of analyst forecasts on Brown & Brown stock, see the BRO Stock Forecast page.
On August 13, 2025, Brown & Brown, Inc., a Florida corporation, expanded its Board of Directors from 13 to 14 members, appointing Joia M. Johnson as a new director. Ms. Johnson, who retired from Hanesbrands Inc. in 2021, brings extensive experience from her roles in various publicly traded companies. Her appointment is expected to enhance the company’s governance, although her specific committee assignments are yet to be determined.
The most recent analyst rating on (BRO) stock is a Hold with a $117.00 price target. To see the full list of analyst forecasts on Brown & Brown stock, see the BRO Stock Forecast page.
On August 1, 2025, Brown & Brown, Inc. completed its acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, for approximately $9.825 billion. This acquisition, which involved a mix of cash and stock considerations, enhances Brown & Brown’s position in the insurance distribution industry, expanding its specialty insurance and risk management services across North America.
The most recent analyst rating on (BRO) stock is a Hold with a $117.00 price target. To see the full list of analyst forecasts on Brown & Brown stock, see the BRO Stock Forecast page.
Brown & Brown, Inc. is a leading insurance brokerage firm that provides risk management solutions globally, with a presence in over 500 locations and a workforce of more than 17,000 professionals. The company recently announced its financial results for the second quarter of 2025, reporting total revenues of $1.3 billion, marking a 9.1% increase compared to the same period last year. Despite the revenue growth, the company experienced a decrease in net income and income before taxes.
The recent earnings call for Brown & Brown presented a balanced outlook, highlighting robust financial performance and growth metrics. Despite challenges in organic growth and softening insurance rates, the company remains optimistic about future prospects, particularly with the acquisition of Accession. However, current insurance market conditions pose some headwinds.