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Brown & Brown

BRO

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.

Market cap
$22.99B-35.3%
Revenue$6.4B+29.3%
Net income$1.1B+11.2%
Free cash flow$1.4B+10.8%
EPS (diluted)$3.11-13.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 27, 2026 (In 2 weeks)
Revenue estimate$1.7B
EPS estimate$1.09

Financials

Q1 2026

Income statement

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Revenue$1.9B+35.4%
Net income$426.0M+28.7%
EPS (diluted)$1.06-7.8%

Balance sheet

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Cash & equivalents$1.0B+49.9%
Total debt$8.1B+101%
Total assets$29.7B+77.2%

Cash flow

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Operating cash flow$262.0M+23.0%
CapEx$21.0M+23.5%
Free cash flow$241.0M+23.0%

Valuation & ratios

Valuation

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Market cap$23.19B-35.3%
Enterprise value$30.3B-22.6%
P/E20.2×-14.5×
P/S3.6×-3.6×

Profitability

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Net margin17.9%-2.9pp
FCF margin22.3%-3.7pp

Returns & leverage

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Current ratio-0.2×

Segments

By product

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Core Commission Revenue$1.3B+32.4%
Fee Revenue$380.0M+43.4%
Other Supplemental Commissions Revenue$113.0M+13.0%
Profit Sharing Contingent Commission Revenue$97.0M+126%
Earned Premium$22.0M+15.8%

By segment

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Retail$1.2B+33.4%
Specialty Distribution$682.0M

Competitors

Profile

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.

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.

GeographiesUnited States, United Kingdom, Canada, Ireland, Bermuda, European Union, Asia
Customer segmentsSmall and Medium Enterprises, Large Corporations, Public Entities, High Net Worth Individuals
Business modelCommission-based brokerage, Fee-based consulting, Managing General Underwriter (MGU), Captive insurance management
SuppliersInsurance carriers, Reinsurance companies, Technology platform providers, Regulatory bodies
CustomersCommercial businesses, Municipalities, Individual policyholders, Independent insurance agencies
Listed1981
Employees16.2K
CEOJ. Powell Brown
FilingsSEC EDGAR

Questions, answered.

What is Brown & Brown's market cap?
Brown & Brown (BRO) has a market capitalization of $23.0B and trades on NYSE.
What is Brown & Brown's revenue and profitability?
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.
Who are Brown & Brown's competitors?
Brown & Brown's key competitors include Aon plc, Arthur J. Gallagher & Co., WTW, and others. These companies compete in similar markets and product categories.
Who does Brown & Brown partner with?
Brown & Brown's notable partners include FEMA, Lloyd’s of London.
What subsidiaries does Brown & Brown have?
Brown & Brown's subsidiaries include Wright National Flood Insurance Company, Arrowhead General Insurance Agency, Inc., Bridge Specialty Group, and others.
Where is Brown & Brown headquartered?
Brown & Brown is headquartered in United States of America and employs approximately 16,152 people. It has been publicly traded since 1981.