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Brown & Brown BRO Non-Controlling Interests

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Other financials

Income statement

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Revenue$1.7B+30.4%
Net income$288.0M+24.7%
EPS (diluted)$0.84+7.7%

Balance sheet

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Cash & equivalents$918.0M-89.7%
Total debt$8.1B+3.7%
Total equity$5.6B+21.1%
Total assets$29.9B+16.6%

Cash flow

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Operating cash flow$346.0M+6.5%
CapEx$17.0M+13.3%
Free cash flow$329.0M+6.1%

Valuation

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Market cap$23.74B-21.6%
Enterprise value$30.89B+5.9%
P/E19.7×-10.4×
P/S3.5×-2.5×

Profitability

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Net margin17.7%-2.1pp
FCF margin21.3%-3.7pp

Returns & leverage

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Return on equity17.1%+1.8pp
Debt / equity0.7×-0.2×
Current ratio1.1×-1.6×

Where this comes from

Reported directly by Brown & Brown in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

The source filing: Brown & Brown’s 10-Q, filed July 27, 2026.

Filed
Jul 27, 2026, 5:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0001193125-26-318251
(in millions, except per share data)June 30, 2026December 31, 2025
Common stock, par value $0.10 per share; authorized 560 shares; issued 359 shares and outstanding 330 shares at 2026, issued 357shares and outstanding 336 shares at 20253636
Additional paid-in capital6,1896,160
Treasury stock, at cost 29 shares at 2026 and 21 shares at 2025(1,348)(848)
Accumulated other comprehensive income116210
Non-controlling interests2526
Retained earnings7,5906,989
Total equity12,60812,573
Total liabilities and equity$29,887$29,991

ITEM 1 — Financial Statements (Unaudited)

FAQ

What is Brown & Brown's non-controlling interests?
Brown & Brown (BRO) reported non-controlling interests of $25M in Q2 2026.
How has Brown & Brown's non-controlling interests changed year-over-year?
Brown & Brown's non-controlling interests increased by 8.7% year-over-year, from $23M to $25M.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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