What is Brown & Brown's goodwill?

Brown & Brown (BRO) reported goodwill of $15.08B in Q1 2026.

How has Brown & Brown's goodwill changed year-over-year?

Brown & Brown's goodwill increased by 85.9% year-over-year, from $8.11B to $15.08B.

What is the long-term trend for Brown & Brown's goodwill?

Over 5 years (2020 to 2025), Brown & Brown's goodwill has grown at a 28.0% compound annual growth rate (CAGR), from $4.4B to $15.09B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Brown & Brown BRO Goodwill

Goodwill at other companies

Aon plcAON

$15.93B+1.5%

Arthur J. GallagherAJG

$22.96B+80.6%

Willis Towers WatsonWTW

$9.66B+9.3%

The Baldwin Insurance Group, Inc.BWIN

$2.65B+87.8%

Ryan Specialty HoldingsRYAN

$3.22B+6.4%

W.R. BerkleyWRB

$184.33M0.0%

Segments

By segment

See full

Retail$9.17B+66.4%

Specialty Distribution$5.91B—

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

See full

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

See full

Operating cash flow$262.0M+23.0%

CapEx$21.0M+23.5%

Free cash flow$241.0M+23.0%

Valuation

See full

Market cap$21.74B-34.2%

Enterprise value$28.86B-21.7%

P/E18.9×-13.1×

P/S3.4×-3.3×

Profitability

See full

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 goodwill?: Brown & Brown (BRO) reported goodwill of $15.08B in Q1 2026.
How has Brown & Brown's goodwill changed year-over-year?: Brown & Brown's goodwill increased by 85.9% year-over-year, from $8.11B to $15.08B.
What is the long-term trend for Brown & Brown's goodwill?: Over 5 years (2020 to 2025), Brown & Brown's goodwill has grown at a 28.0% compound annual growth rate (CAGR), from $4.4B to $15.09B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.