Brown & Brown, Inc.
BROWN & BROWN, INC. is classified under Financials / Insurance and appears profitable on the latest normalized snapshot.
Business. BROWN & BROWN, INC. (NYSE: BRO) is a financial services company operating within the insurance industry. The firm is headquartered in the United States and is primarily listed on the New York Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an entity engaged in insurance activities.
Analyst recommendations
22 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
1Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressApril McClain Delaney — Brown & Brown, Inc. Common Stock2026-04-17 · MD · Sale · $1,001 - $15,000
- CongressJared Moskowitz — Brown & Brown, Inc. Common Stock2026-03-23 · Democrat · FL · Sale · $1,001 - $15,000
- CongressByron Donalds — Brown & Brown, Inc. Common Stock2026-02-10 · Republican · FL · Sale · $1,001 - $15,000
- CongressApril McClain Delaney — Brown & Brown, Inc. Common Stock2026-02-06 · MD · Purchase · $1,001 - $15,000
- CongressApril McClain Delaney — Brown & Brown, Inc. Common Stock2025-12-12 · MD · Purchase · $1,001 - $15,000
- CongressDan Newhouse — Brown & Brown, Inc. Common Stock2025-12-11 · Republican · WA · Sale · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
BROWN & BROWN, INC. (NYSE: BRO) is a financial services company operating within the insurance industry. The firm is headquartered in the United States and is primarily listed on the New York Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an entity engaged in insurance activities.
BROWN & BROWN, INC. (BRO) is currently classified as Multiline Insurance & Brokers within Insurance (Financials). Classification confidence: 0.98 (rule-based classification). Capital structure on the latest snapshot: total assets 29,887,000,000 USD, total equity 12,608,000,000, short-term debt 413,000,000, long-term debt 7,346,000,000. Net cash position is approximately -6,831,000,000 USD. Self-calculated market cap is 22,022,900,000 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 3,577,000,000, gross profit 0, operating income 0, net income 714,000,000. Return on equity ~8.4%. Return on assets ~3.5%. Operating-cash-flow to net-income ratio is 1.38. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current ratio is close to the minimum comfort range.; Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] pre_earnings_window: pre_earnings_window (pre_earnings_window) on BRO — reason=Pre-earnings freshness window T-1 for BRO Q2 2026 (confirmed via sec_filed); watcher=pre_earnings_window; days_out=0; source_id=sec_filed:cfe5c09d-9d4f-4410-b64d-d12e5cdfad87:Q2 2026; date_basis=sec_8k_forward; date_source=sec_filed; offset_days=1; report_date=2026-07-28; period_label=Q2 2026; window_label=T-1; confirmed_basis=filed; producer_version=ws22-p3.3-v1; contributing_watchers=pre_earnings_window (source=sec_filed; url=pew:Q2 2026:T-1). Additional context: pre_earnings_window: reason=Pre-earnings freshness window T-1 for BRO Q2 2026 (confirmed via sec_filed); watcher=pre_earnings_window; days_out=0; source_id=sec_filed:cfe5c09d-9d4f-4410-b64d-d12e5cdfad87:Q2 2026; date_basis=sec_8k_forward; date_source=sec_filed; offset_days=1; report_date=2026-07-28; period_label=Q2 2026; window_label=T-1; confirmed_basis=filed; producer_version=ws22-p3.3-v1; contributing_watchers=pre_earnings_window. Management commentary signal: or stock received from (issuance to) bank in the settlement of the accelerated share repurchase agreement..
- Observed GAAP P/E is about 20.89x.
- Return on equity is about 8.4%.
- Debt to equity is about 0.62x.
- [TRIGGER] pre_earnings_window: pre_earnings_window (pre_earnings_window) on BRO — reason=Pre-earnings freshness window T-1 for BRO Q2 2026 (confirmed via sec_filed); watcher=pre_earnings_window; days_out=0; source_id=sec_filed:cfe5c09d-9d4f-4410-b64d-d12e5cdfad87:Q2 2026; date_basis=sec_8k_forward; date_source=sec_filed; offset_days=1; report_date=2026-07-28; period_label=Q2 2026; window_label=T-1; confirmed_basis=filed; producer_version=ws22-p3.3-v1; contributing_watchers=pre_earnings_window (source=sec_filed; url=pew:Q2 2026:T-1)
- Management signal detected: or stock received from (issuance to) bank in the settlement of the accelerated share repurchase agreement.
- Companyfacts coverage was partial; recent filing facts backfilled short_term_investments.
Bull / Bear case
Generated · model-assistedRevenue grew at a 6.2% CAGR from FY2023 to FY2025, demonstrating consistent top-line expansion over the period.
Net income increased at a 6.8% CAGR from FY2023 to FY2025, indicating strong profitability growth alongside revenue.
Free cash flow reached $1.38 billion in FY2025, reflecting robust cash generation capabilities for the business.
Analysts project 7.6% upside to the mean price target of $72.36, suggesting moderate valuation appreciation potential.
Long-term debt surged to $6.89 billion in FY2025, significantly increasing leverage and financial risk exposure.
The debt-to-equity ratio of 0.62 places the company in the bottom quartile of its insurance cohort peers.
The company faces a high level of liquidity risk, potentially constraining its ability to meet short-term obligations.
Return on equity of 8.4% falls below the cohort median of 9.0%, indicating inferior capital efficiency relative to peers.
In focus — financials by report
Revenue $3.58B; Net margin 20.0%.
- ▍Revenue $3.58B
- ▍Net margin 20.0%
Revenue $1.90B; Net margin 22.4%.
- ▍Revenue $1.90B
- ▍Net margin 22.4%
Revenue $5.90B; Net margin 17.9%.
- ▍Revenue $5.90B
- ▍Net margin 17.9%
Revenue $4.80B; Net margin 20.7%.
- ▍Revenue $4.80B
- ▍Net margin 20.7%
Revenue $4.80B; Net margin 20.7%.
- ▍Revenue $4.80B
- ▍Net margin 20.7%
Revenue $4.26B; Net margin 20.4%.
- ▍Revenue $4.26B
- ▍Net margin 20.4%
Revenue $4.26B; Net margin 20.5%.
- ▍Revenue $4.26B
- ▍Net margin 20.5%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Current ratio is close to the minimum comfort range.
- Net cash is negative after subtracting total debt.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- BROWN & BROWN, INC. company facts · 2026-07-29
- BROWN & BROWN, INC. 10-Q 2026-07-27 · 2026-07-29
- BROWN & BROWN, INC. 10-Q 2026-04-27 · 2026-07-29
- BROWN & BROWN, INC. 10-K 2026-02-12 · 2026-07-29
- BROWN & BROWN, INC. 10-Q 2025-10-28 · 2026-07-29
- pre_earnings_window (pre_earnings_window) on BRO · 2026-07-29
- Brown & Brown Inc Market data — analyst estimates · 2026-07-29
- Brown & Brown Inc Market data — ESG · 2026-07-29
- Brown & Brown Inc — company reference export (2026-07-05) · 2026-07-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,54 %$1 018M
- Institutional Investor · as of 2026-03-310,06 %$1 047M
- Institutional Investor · as of 2026-03-310,05 %$108M
- Investment Managers · as of 2025-12-310,04 %$2 999M
- Investment Managers · as of 2026-03-310,04 %$170M
- Brokerage Firms · as of 2026-03-310,04 %$196M
- Funds · as of 2026-03-310,03 %$227M
- Investment Managers · as of 2024-06-300,03 %$1 491M
- Institutional Investor · as of 2026-03-310,03 %$100M
- Investment Managers · as of 2026-03-310,03 %$529M
- Investment Managers · as of 2026-03-310,03 %$898M
- Investment Managers · as of 2026-03-310,02 %$112M
- Investment Managers · as of 2026-03-310,02 %$121M
- Investment Managers · as of 2026-03-310,02 %$160M
- Investment Managers · as of 2026-03-310,02 %$149M
- Investment Managers · as of 2026-03-310,02 %$119M
- Brokerage Firms · as of 2026-03-310,02 %$56M
- Institutional Investor · as of 2026-03-310,02 %$91M
- Investment Managers · as of 2024-12-310,01 %$52M
- Investment Managers · as of 2026-03-310,01 %$212M
- Investment Managers · as of 2026-03-310,01 %$14M
- Institutional Investor · as of 2022-09-300,01 %$0M
- Investment Managers · as of 2026-03-310,01 %$24M
- Investment Managers · as of 2026-03-310,00 %$18M
- Institutional Investor · as of 2026-03-310,00 %$20M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- J. Powell BrownPresident, Chief Executive Officer, Director
Insider activity
- Director · Common Stock, $.10 par valueBought 860 @ $58,05$50K · 2026-06-09
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueOther 2 434 · 2026-05-06
- Director · Common Stock, $.10 par valueBought 2 000 @ $57,10$114K · 2026-05-05
- Executive Vice President · Common Stock, $.10 par value (2019 SIP)Other 13 004 · 2026-02-26
- Director, President and CEO · Common Stock, $.10 par value (2019 SIP)Other 78 030 · 2026-02-26
- EVP/Pres Spec Dist Segment · Common Stock, $.10 par value (2019 SIP)Other 5 710 · 2026-02-26
- EVP/Pres Spec Dist Segment · Common Stock, $.10 par value (2019 SIP)Other 10 404 · 2026-02-26
- EVP, CFO and Treasurer · Common Stock, $.10 par value (2019 SIP)Other 6 067 · 2026-02-26
- EVP/Chief People Officer · Common Stock, $.10 par value (2019 SIP)Other 11 704 · 2026-02-26
- EVP, COO, Pres Retail Segment · Common Stock, $.10 par value (2019 SIP)Other 7 137 · 2026-02-26
- EVP, CFO and Treasurer · Common Stock, $.10 par value (2019 SIP)Other 26 010 · 2026-02-26
- VP, Controller & CAO · Common Stock, $.10 par value (2019 SIP)Other 1 070 · 2026-02-26
- EVP/Chair Spec Dist Segment · Common Stock, $.10 par value (2019 SIP)Other 2 141 · 2026-02-26
- EVP/Chair Spec Dist Segment · Common Stock, $.10 par value (2019 SIP)Other 13 004 · 2026-02-26
Short positioning
Geographic breakdown
Intel & risk
no material change vs prior analysis (walked 17 fields; 4 schema-expansion field(s) excluded)
- Company share pct— → —medium
Evidence & claims
From filings & derived data- Current ratio (FY 2025-12-31): 1.04xDerived (calculated)
- Net margin (FY 2025-12-31): 17.9%Derived (calculated)
- Return on assets (FY 2025-12-31): 3.5%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 59.9%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 23.5%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -3.2%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 6.1%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -8.7%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 99.1%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -17.1%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 22.8%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 70.3%Derived (calculated)
- EPS (basic) (annual): USD-PER-SHARES 3SEC XBRL filing
- Operating cash flow (annual): USD 1.45BSEC XBRL filing
- Long-term debt (annual): USD 7.61BSEC XBRL filing
- Total assets (annual): USD 29.99BSEC XBRL filing
- Current liabilities (annual): USD 8.29BSEC XBRL filing
- Current assets (annual): USD 8.61BSEC XBRL filing
- Cash & equivalents (annual): USD 1.08BSEC XBRL filing
- Shares outstanding (annual): 336MSEC XBRL filing
- Capex (annual): USD 68MSEC XBRL filing
- Net income (annual): USD 1.05BSEC XBRL filing
- Revenue (annual): USD 5.9BSEC XBRL filing
- Pre-tax income (annual): USD 1.37BSEC XBRL filing