profit from every $100 of sales.
$0$100
Brown & Brown
$71.39-0.70% today
-10.8% in 1 year
1-year low $54.381-year high $82.33
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $22.47 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Brown & Brown sold, what it kept, and what it did with the cash.
Sales went from $3.56 billion in 2022 to $5.76 billion in 2025, with $1.05 billion of profit last year.
SalesProfit
Brown & Brown handed back 24% of the cash it generated last year.
Buybacks $142M$193M
Free cash flow 2025$1.4B
Bought back its own shares$142M
Paid as dividends$193M
Cash vs. debt$1.1B vs. $7.9B
Brown & Brown vs. similar companies
Brown & Brown grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Brown & Brown | 22.5× · Fair price | ||
 Willis Towers Watson Public | 19.2× · Fair price | ||
 Erie Indemnity | 25.4× · Fair price | ||
 The Baldwin Insurance Group | No profit yet | ||
 Accelerant Holdings | No profit yet |
AI analysis
An AI analyst reads Brown & Brown's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3,563 | 4,199 | 4,705 | 5,763 | |
| 1,746 | 2,012 | 2,299 | 2,828 | |
| 963 | 1,156 | 1,367 | 1,502 | |
| 1,210 | 1,542 | 1,726 | 2,044 | |
| 672 | 871 | 993 | 1,054 | |
| 2.37 | 3.05 | 3.46 | 3.16 | |
| 49.0% | 47.9% | 48.9% | 49.1% | |
| 27.0% | 27.5% | 29.1% | 26.1% | |
| 18.9% | 20.7% | 21.1% | 18.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 13,974 | 14,883 | 17,612 | 29,991 |
| Cash | 650 | 700 | 675 | 1,079 |
| Total debt | 4,183 | 4,020 | 4,060 | 7,918 |
| Total liabilities | 9,367 | 9,304 | 11,175 | 17,418 |
| 4,607 | 5,579 | 6,420 | 12,547 | |
| 279 | 281 | 284 | 313 | |
| 9.2% | 11.0% | 11.3% | 6.5% | |
| 14.6% | 15.6% | 15.5% | 8.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 881 | 1,010 | 1,174 | 1,450 | |
| 52 | 69 | 82 | 68 | |
| 829 | 941 | 1,092 | 1,382 | |
| Dividends paid | 120 | 135 | 154 | 193 |
| 123 | 40 | 55 | 142 | |
| 66 | 89 | 101 | 93 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 22.5×
- 15.8×
- 2.23
- 1.5×
- 4.1×
- 4.5%
- 1.1%
Profitability
- 18.3%
- 5.9%
- 8.1%
- 9.3%
- 3.9%
Growth
- +17.4%
- +10.1%
- +12.1%
- +2.9%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 43%of 749
Top 39%of 604
Bottom 28%of 872
Top 30%of 883
Top 44%of 931
What analysts expect
- Average price target
- $88.50
- Range
- $88.00 – $89.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 27, 2026 | 1.39 | 1.36 | +2.2% |
| Jan 26, 2026 | 0.93 | 0.91 | +2.8% |
| Oct 27, 2025 | 1.05 | 0.94 | +11.2% |
| Jul 28, 2025 | 1.03 | 0.99 | +4.5% |
| Apr 28, 2025 | 1.29 | 1.29 | +0.0% |
| Jan 27, 2025 | 0.86 | 0.77 | +12.1% |
| Oct 28, 2024 | 0.91 | 0.88 | +3.4% |
| Jul 22, 2024 | 0.93 | 0.88 | +5.7% |
1.1%of the share price, paid each year
On $1,000 invested$11a year at today's yield, before tax
+12.1%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.23 in 2015 → $0.62 in 2025
How safe it looks
18.3% of its profit
Room to growStretchedMore than it earns: 14.0%
News
Apple Is “the Anti-AI Large Cap Tech Trade,” Says Josh Brown. Now It’s Capping AI SpendingYahoo Finance · Nov 6, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
61Pass
Philip Fisher
59No pass
Peter Lynch
48No pass
Joel Greenblatt
26No pass
Charlie Munger
43No pass
Terry Smith
46No pass
Questions about Brown & Brown
Is Brown & Brown a good stock to buy?
A solid business at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Brown & Brown AI analysis
What does Brown & Brown do?
Brown & Brown, Inc. markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. It is in Insurance - Brokers, based in Daytona Beach, FL, United States, with 22,888 employees.
Does Brown & Brown pay a dividend?
Yes. At today's price the dividend is 1.1% a year, about 18% of its yearly profit. In 2025 it paid out $193 million in dividends.
Is Brown & Brown stock halal?
No. Brown & Brown does not pass our halal screen: its debt is 33% of its market value, at or above the 33% limit. How we check
How has Brown & Brown stock done over the past year?
Down 10.8% over the past twelve months, to $71.39. It traded between $54.38 and $82.33 and is 13.3% below its high.
Who are Brown & Brown's competitors?
The largest listed companies in the same industry are Willis Towers Watson Public, Erie Indemnity, The Baldwin Insurance Group and Accelerant Holdings. The peers table on this page compares their profit, growth and price with Brown & Brown's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.