Brown & Brown, Inc. (Brown & Brown) is an insurance brokerage firm, specialising in risk management. Headquartered in Daytona Beach, Florida, Brown & Brown has 450+ locations worldwide. In 2021 the company ranked as the fifth largest independent insurance brokerage in the U.S. and sixth largest in the world by Business Insurance magazine.
| trading_symbol | registrant_name | time | price | change | percentage_change | 
|---|---|---|---|---|---|
| BRO | BROWN & BROWN, INC. | 2025-10-30 20:12:33 | 80.38 | -0.07 | -0.09 | 
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time | 
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRO | 0000079282 | BROWN & BROWN, INC. | US1152361010 | — | 590864469 | NYSE | 6411 | Insurance Agents, Brokers & Service | 0119 | FL | 300 N. BEACH STREET | DAYTONA BEACH | FL | 32114 | UNITED STATES | US | 386-252-9601 | 300 N. BEACH STREET, DAYTONA BEACH, FL, 32114 | 300 N. BEACH STREET, DAYTONA BEACH, FL, 32114 | BROWN & BROWN, INC | — | 1939 | J. Powell Brown | 17,403 | http://bbrown.com | 21,449,617,971 | 357,000,000 | 341,420,790 | Brown & Brown, Inc. (Brown & Brown) is an insurance brokerage firm, specialising in risk management. Headquartered in Daytona Beach, Florida, Brown & Brown has 450+ locations worldwide. In 2021 the company ranked as the fifth largest independent insurance brokerage in the U.S. and sixth largest in the world by Business Insurance magazine. | 2025-10-30 12:28:42 | 
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding | 
|---|---|---|---|---|---|---|
| 2024 | 21,449,617,971 | 5,160,301,410 | 31.6791 | 285,931,978 | 130,115 | 0.0455 | 
| 2023 | 16,289,316,561 | 993,905,230 | 6.4981 | 285,801,863 | 1,507,363 | 0.5302 | 
| 2022 | 15,295,411,331 | 2,820,179,694 | 22.6062 | 284,294,500 | 2,078,886 | 0.7366 | 
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation | 
|---|---|---|---|---|---|---|---|---|
| P. Barrett Brown | President, Executive Vice President | 2024 | 992,308 | 0 | 688,987 | 2,297,000 | 126,616 | 4,104,911 | 
| J. Scott Penny | Executive Vice President | 2024 | 796,154 | 0 | 492,098 | 1,853,000 | 80,621 | 3,221,873 | 
| J. Powell Brown | President, Chief Executive Officer | 2024 | 1,240,385 | 0 | 2,952,920 | 7,136,000 | 349,472 | 11,678,777 | 
| R. Andrew Watts | Chief Financial Officer, Treasurer, Executive Vice President | 2024 | 794,231 | 0 | 1,279,571 | 1,903,000 | 86,284 | 4,063,086 | 
| Chris L. Walker | President, Executive Vice President | 2024 | 896,154 | 0 | 1,082,883 | 2,665,000 | 40,064 | 4,684,101 | 
| Fiscal Year | Employee Count | 
|---|---|
| 2024 | 17,403 | 
| 2023 | 16,152 | 
| 2022 | 15,201 | 
| Fiscal Year | 2024 | 2023 | 2022 | 
|---|---|---|---|
| Revenue | 4,805,000,000 | 4,257,100,000 | 3,573,400,000 | 
| Cost Of Revenue | — | — | — | 
| Gross Profit | — | — | — | 
| Research And Development Expenses | — | — | — | 
| General And Administrative Expenses | — | — | — | 
| Operating Expenses | — | 3,111,000,000 | 2,697,300,000 | 
| Operating Income | — | — | — | 
| Net Income | 993,000,000 | 870,500,000 | 671,800,000 | 
| Earnings Per Share Basic | 3.48 | 3.07 | 2.38 | 
| Earnings Per Share Diluted | 3.46 | 3.05 | 2.37 | 
| Weighted Average Shares Outstanding Basic | 282,000,000 | 279,600,000 | 277,500,000 | 
| Weighted Average Shares Outstanding Diluted | 284,000,000 | 280,800,000 | 278,600,000 | 
| Fiscal Year | 2024 | 2023 | 2022 | 
|---|---|---|---|
| Cash And Cash Equivalents | 675,000,000 | 700,300,000 | 650,000,000 | 
| Marketable Securities Current | 10,000,000 | 10,600,000 | 6,400,000 | 
| Accounts Receivable | — | — | — | 
| Inventories | — | — | — | 
| Non Trade Receivables | — | — | — | 
| Other Assets Current | 354,000,000 | 315,000,000 | 202,300,000 | 
| Total Assets Current | 6,924,000,000 | 5,129,900,000 | 4,996,000,000 | 
| Marketable Securities Non Current | — | — | — | 
| Property Plant And Equipment | 319,000,000 | 270,300,000 | 239,900,000 | 
| Other Assets Non Current | 366,000,000 | 301,800,000 | 230,900,000 | 
| Total Assets Non Current | 10,688,000,000 | 9,753,500,000 | 8,977,500,000 | 
| Total Assets | 17,612,000,000 | 14,883,400,000 | 13,973,500,000 | 
| Accounts Payable | 373,000,000 | 458,900,000 | 286,500,000 | 
| Deferred Revenue | 80,000,000 | 78,200,000 | 79,900,000 | 
| Short Term Debt | 225,000,000 | 568,700,000 | 250,600,000 | 
| Other Liabilities Current | 653,000,000 | 608,200,000 | 541,500,000 | 
| Total Liabilities Current | 6,314,000,000 | 4,956,900,000 | 4,596,600,000 | 
| Long Term Debt | 3,824,000,000 | 3,795,600,000 | 3,942,100,000 | 
| Other Liabilities Non Current | 362,000,000 | 326,000,000 | 298,900,000 | 
| Total Liabilities Non Current | — | — | — | 
| Total Liabilities | — | — | — | 
| Common Stock | 31,000,000 | 30,400,000 | 30,300,000 | 
| Retained Earnings | 6,128,000,000 | 5,288,500,000 | 4,553,000,000 | 
| Accumulated Other Comprehensive Income | -109,000,000 | -19,100,000 | -148,400,000 | 
| Total Shareholders Equity | 6,437,000,000 | 5,578,800,000 | 4,606,600,000 | 
| Fiscal Year | 2024 | 2023 | 2022 | 
|---|---|---|---|
| Depreciation And Amortization | 178,000,000 | 166,000,000 | 146,600,000 | 
| Share Based Compensation Expense | 101,000,000 | 89,400,000 | 66,100,000 | 
| Other Non Cash Income Expense | — | — | — | 
| Change In Accounts Receivable | — | — | — | 
| Change In Inventories | — | — | — | 
| Change In Non Trade Receivables | — | — | — | 
| Change In Other Assets | 98,000,000 | 117,700,000 | 17,600,000 | 
| Change In Accounts Payable | -47,000,000 | 260,000,000 | 124,300,000 | 
| Change In Other Liabilities | 33,000,000 | -82,800,000 | -127,700,000 | 
| Cash From Operating Activities | 1,174,000,000 | 1,009,500,000 | 881,400,000 | 
| Purchases Of Marketable Securities | 7,000,000 | 7,200,000 | 100,000 | 
| Sales Of Marketable Securities | 11,000,000 | 7,400,000 | 7,300,000 | 
| Acquisition Of Property Plant And Equipment | 82,000,000 | 68,900,000 | 52,600,000 | 
| Acquisition Of Business | 890,000,000 | 630,700,000 | 1,927,700,000 | 
| Other Investing Activities | — | — | — | 
| Cash From Investing Activities | -898,000,000 | -587,000,000 | -1,912,600,000 | 
| Tax Withholding For Share Based Compensation | — | — | — | 
| Payments Of Dividends | 154,000,000 | 135,000,000 | 119,500,000 | 
| Issuance Of Common Stock | — | — | — | 
| Repurchase Of Common Stock | — | 100,000 | 74,100,000 | 
| Issuance Of Long Term Debt | 599,000,000 | — | 2,000,000,000 | 
| Repayment Of Long Term Debt | 719,000,000 | 250,600,000 | 61,300,000 | 
| Other Financing Activities | 2,000,000 | — | — | 
| Cash From Financing Activities | -64,000,000 | -186,700,000 | 1,725,400,000 | 
| Change In Cash | 199,000,000 | 269,700,000 | 563,000,000 | 
| Cash At End Of Period | 675,000,000 | 700,300,000 | 650,000,000 | 
| Income Taxes Paid | 304,000,000 | 218,500,000 | 124,900,000 | 
| Interest Paid | 195,000,000 | 185,800,000 | 120,100,000 | 
| Fiscal Year | 2024 | 2023 | 2022 | 
|---|---|---|---|
| Earnings Per Share | 3.48 | 3.07 | 2.38 | 
| Price To Earnings Ratio | 29.3161 | 23.1629 | 23.937 | 
| Earnings Growth Rate | 13.355 | 28.9916 | 14.4231 | 
| Price Earnings To Growth Ratio | 2.1951 | 0.799 | 1.6596 | 
| Book Value Per Share | 40.0638 | 35.5025 | 33.7906 | 
| Price To Book Ratio | 2.5464 | 2.003 | 1.686 | 
| Ebitda | 1,668,000,000 | 1,445,000,000 | 1,084,500,000 | 
| Enterprise Value | 32,143,640,000 | 23,546,356,000 | 19,351,875,000 | 
| Dividend Yield | 0.0054 | 0.0068 | 0.0076 | 
| Dividend Payout Ratio | 0.1551 | 0.1551 | 0.1779 | 
| Debt To Equity Ratio | 0.629 | 0.7823 | 0.9102 | 
| Capital Expenditures | 226,700,000 | 196,400,000 | 174,467,000 | 
| Free Cash Flow | 947,300,000 | 813,100,000 | 706,933,000 | 
| Return On Equity | 0.1543 | 0.156 | 0.1458 | 
| One Year Beta | 0.5254 | 0.7748 | 0.9363 | 
| Three Year Beta | 0.8342 | 0.9023 | 0.9402 | 
| Five Year Beta | 0.8975 | 0.9165 | 0.8947 | 
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction | 
|---|---|---|---|---|---|
| KRUMP PAUL J | Director | 2025-08-08 | 2,678 | A | 5,353 | 
| Masojada Bronislaw Edmund | Director | 2025-08-06 | 1,000 | A | 5,000 | 
| Masojada Bronislaw Edmund | Director | 2025-05-07 | 1,268 | A | 2,675 | 
| PATEL JAYMIN B | Director | 2025-05-07 | 1,268 | A | 4,523 | 
| Reilly Wendell | Director | 2025-05-07 | 1,268 | A | 40,297 | 
| Name Of Reporting Person | Type Of Reporting Person | Report Date | Transaction Type | Transaction Date | Owner Type | Amount | 
|---|---|---|---|---|---|---|
| Thomas H Tuberville | Senator | 2024-06-14 | Sale (Full) | 2024-05-03 | Joint | $1,001 - $15,000 | 
| Thomas H Tuberville | Senator | 2024-05-15 | Purchase | 2024-04-05 | Joint | $1,001 - $15,000 | 
| Name Of Reporting Person | Report Date | State | Transaction Type | Transaction Date | Owner Type | Amount | 
|---|---|---|---|---|---|---|
| Valerie Hoyle | 2025-10-10 | OR04 | Sale | 2025-09-23 | Spouse | $1,001 - $15,000 | 
| Byron Donalds | 2025-10-07 | FL19 | Sale | 2025-09-04 | Spouse | $1,001 - $15,000 | 
| Byron Donalds | 2025-10-07 | FL19 | Sale | 2025-09-04 | — | $1,001 - $15,000 | 
| April McClain Delaney | 2025-10-06 | MD06 | Purchase | 2025-09-18 | Child | $1,001 - $15,000 | 
| Dan Newhouse | 2025-09-17 | WA04 | Purchase | 2025-08-18 | Spouse | $1,001 - $15,000 | 
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security | 
|---|---|---|---|---|
| Quantum Portfolio Management LLC | 2025-09-30 | 249,857 | 2,664 | 93.7902 | 
| Resonant Capital Advisors, LLC | 2025-09-30 | 961,066 | 10,247 | 93.79 | 
| Compass Ion Advisors, LLC | 2025-09-30 | 1,094,530 | 11,670 | 93.7901 | 
| Maryland State Retirement & Pension System | 2025-09-30 | 1,304,525 | 13,909 | 93.79 | 
| Sequoia Financial Advisors, LLC | 2025-09-30 | 1,025,648 | 10,936 | 93.7864 | 
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets | 
|---|---|---|---|---|---|---|
| PARNASSUS FUNDS II | 2025-09-30 | Parnassus Core Select ETF | PRCS | 12,285 | 1,152,210.15 | 1.8651 | 
| PARNASSUS FUNDS | 2025-09-30 | Institutional Shares | PFPMX | 620,847 | 58,229,240.13 | 2.2304 | 
| PARNASSUS FUNDS | 2025-09-30 | Investor Shares | PARMX | 620,847 | 58,229,240.13 | 2.2304 | 
| FORUM FUNDS | 2025-09-30 | Institutional Plus Shares | DFMLX | 57,907 | 5,431,097.53 | 1.4839 | 
| FORUM FUNDS | 2025-09-30 | Institutional Shares | DFMGX | 57,907 | 5,431,097.53 | 1.4839 |