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Brown & Brown BRO Payments to Acquire Businesses, Net of Cash Acquired

Payments to Acquire Businesses, Net of Cash Acquired at other companies

Willis Towers Watson logo
Willis Towers WatsonWTW
$247M+1,800%
The Baldwin Insurance Group, Inc. logo
The Baldwin Insurance Group, Inc.BWIN
$452.38M
Aon plc logo
Aon plcAON
Ryan Specialty Holdings logo
Ryan Specialty HoldingsRYAN

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$23.82B-21.3%
Enterprise value$30.97B+6.2%
P/E19.8×-10.3×
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:PaymentsToAcquireBusinessesNetOfCashAcquired.

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)Six months ended June 30, 2026Six months ended June 30, 2025
Net cash provided by operating activities608538
Cash flows from investing activities:
Additions to fixed assets(38)(32)
Payments for businesses acquired, net of cash acquired(30)(161)
Proceeds from sales of businesses, fixed assets and customer accounts310
Other investing activities(6)(4)
Net cash used in investing activities(71)(187)
Cash flows from financing activities:

ITEM 1 — Financial Statements (Unaudited)

FAQ

What is Brown & Brown's payments to acquire businesses, net of cash acquired?
Brown & Brown (BRO) reported payments to acquire businesses, net of cash acquired of $13M in Q2 2026.
How has Brown & Brown's payments to acquire businesses, net of cash acquired changed year-over-year?
Brown & Brown's payments to acquire businesses, net of cash acquired decreased by 86.2% year-over-year, from $94M to $13M.
What is the long-term trend for Brown & Brown's payments to acquire businesses, net of cash acquired?
Over 4 years (2021 to 2025), Brown & Brown's payments to acquire businesses, net of cash acquired has grown at a 115.1% compound annual growth rate (CAGR), from $366.78M to $7.85B.

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