What is Brown & Brown's specialty distribution — goodwill?

Brown & Brown (BRO) reported specialty distribution — goodwill of $5.91B in Q1 2026.

What does specialty distribution — goodwill mean?

The intangible asset value representing the premium paid over the fair market value of net assets during acquisitions within the specialty distribution segment. It reflects the value of acquired customer relationships, brand reputation, and market synergy.

Brown & Brown BRO Specialty Distribution — Goodwill

Other segment segments

Retail

$9.17B+66.4%

Similar metrics at other companies

WTMSpecialty Insurance Distribution (Distinguished) — Goodwill

$397.9M—

BGSSpecialty — Goodwill

$219.25M-2.0%

PATKDistribution — Goodwill

$120.82M+2.9%

PRMSpecialty Products — Goodwill

$501.88M+174%

CNASpecialty — Goodwill

$117M0.0%

WTMSpecialty Insurance Distribution (Distinguished) — Goodwill and other intangible assets

$571.5M—

Other financials

Income statement

See full

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 equity$5.6B+21.1%

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

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Market cap$21.74B-34.2%

Enterprise value$28.86B-21.7%

P/E18.9×-13.1×

P/S3.4×-3.3×

Profitability

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Net margin17.9%-2.9pp

FCF margin22.3%-3.7pp

Returns & leverage

See full

Return on equity17.1%+1.8pp

Debt / equity0.7×-0.2×

Current ratio1×-0.2×

Where this comes from

Reported directly by Brown & Brown in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Brown & Brown’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Brown & Brown's specialty distribution — goodwill?: Brown & Brown (BRO) reported specialty distribution — goodwill of $5.91B in Q1 2026.
What does specialty distribution — goodwill mean?: The intangible asset value representing the premium paid over the fair market value of net assets during acquisitions within the specialty distribution segment. It reflects the value of acquired customer relationships, brand reputation, and market synergy.