Brown & Brown
Brown & Brown, Inc. is a leading diversified insurance agency and brokerage that markets and sells insurance products and services, primarily in property, casualty, and employee benefits. The company operates primarily as an intermediary that does not assume underwriting risk, while also managing ancillary captive insurance operations and a specialized flood insurance carrier. Its value proposition centers on providing risk management solutions and insurance placement through a decentralized, meritocratic culture.
Financials
Based on Q1 2026 · FQ1 FY2027 filing
Revenue
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Retail
primaryProvides a broad range of insurance products and services including property, casualty, and employee benefits to commercial and individual clients. It also includes non-insurance warranty services through automobile and recreational vehicle dealer services.
Cyber Risk Insurance, Workers' Compensation, Group Health, Surety, Aviation Insurance, Homeowners Insurance, Automobile Insurance, F&I Dealer Services
Commercial entities, Public and quasi-public entities, Professional customers, Individual customers, Automobile dealers
Specialty Distribution
majorConsists of programs, wholesale brokerage, and specialty businesses that provide niche solutions for complex and hard-to-place risks. This segment acts as a managing general underwriter and provides a trading platform for insurance carriers and independent agents.
Arrowhead Programs, Bridge Specialty Group, Arrowhead Specialty, Oxford Risk Management Group, Professional Liability, Commercial Difference-in-Conditions, Lender-placed solutions, Excess and Surplus lines
Independent agents, Brokers, Affinity groups, Insurance carriers, Governmental entities
Segment Financials
Retail — Revenue
View metricRetail — Investment Income Nonoperating
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View metricSpecialty Distribution — Investment Income Nonoperating
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Competitive Position
A leading global insurance intermediary with a significant presence in both retail and specialty wholesale markets, characterized by a highly decentralized operating model and an aggressive acquisition strategy.
Geographies
United States, United Kingdom, Canada, Ireland, Bermuda, European Union, Asia
Customer Segments
Small and Medium Enterprises, Large Corporations, Public Entities, High Net Worth Individuals
Upstream Dependencies
Insurance carriers, Reinsurance companies, Technology platform providers, Regulatory bodies
Downstream Customers
Commercial businesses, Municipalities, Individual policyholders, Independent insurance agencies
Competitors & Partners
Competitors
Partners
FEMA
Administrator of the National Flood Insurance Program (NFIP) to which premiums are ceded
Lloyd’s of London
Insurance market providing access to specialized underwriting capacity
Subsidiaries
Wright National Flood Insurance Company
Write-your-own flood insurance carrier
Arrowhead General Insurance Agency, Inc.
Program management and MGU business
Bridge Specialty Group
Wholesale brokerage brand
One80 Intermediaries
Specialty insurance solutions provider
Oxford Risk Management Group
Captive risk management business
Accession Risk Management Group, Inc.
Holding company for RSC, acquired in 2025
Brown & Brown FAQ
Common questions about Brown & Brown
Brown & Brown, Inc. is a leading diversified insurance agency and brokerage that markets and sells insurance products and services, primarily in property, casualty, and employee benefits. The company operates primarily as an intermediary that does not assume underwriting risk, while also managing ancillary captive insurance operations and a specialized flood insurance carrier. Its value proposition centers on providing risk management solutions and insurance placement through a decentralized, meritocratic culture.
Brown & Brown (BRO) has a market capitalization of $19.9B and trades on NYSE.
Brown & Brown generated $6.4B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 17.9%, with free cash flow of $1.4B. These figures are based on the Q2 2026 filing.
Brown & Brown's key competitors include Arthur J. Gallagher & Co., WTW, Aon plc, and others. These companies compete in similar markets and product categories.
Brown & Brown has approximately 16,152 employees.