Brown & Brown, Inc. Announces Third Quarter 2025 Results

DAYTONA BEACH, Fla., Oct. 27, 2025 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) (the “Company”) announced its unaudited financial results for the third quarter of 2025.

Revenues for the third quarter of 2025 under U.S. generally accepted accounting principles (“GAAP”) were $1.6 billion, increasing $420 million, or 35.4%, compared to the third quarter of the prior year, with commissions and fees increasing by 34.2% and Organic Revenue increasing by 3.5%. Income before income taxes was $311 million, decreasing 1.9% from the third quarter of the prior year with Income Before Income Taxes Margin decreasing to 19.4% from 26.7%. EBITDAC – Adjusted was $587 million, increasing 41.8% from the third quarter of the prior year with EBITDAC Margin – Adjusted increasing to 36.6% from 34.9%. Net income attributable to the Company was $227 million, decreasing $7 million, or 3.0%, and diluted net income per share decreased to $0.68, or 16.0%, with Diluted Net Income Per Share – Adjusted increasing to $1.05, or 15.4%, each as compared to the third quarter of the prior year.

Revenues for the nine months ended September 30, 2025 under GAAP were $4.3 billion, increasing $673 million, or 18.6%, as compared to the same period in 2024, with commissions and fees increasing by 18.0%, and Organic Revenue increasing by 4.6%. Income before income taxes was $1.0 billion, increasing 2.1% with Income Before Income Taxes Margin decreasing to 24.4% from 28.4% as compared to the same period in 2024. EBITDAC – Adjusted was $1.6 billion, which was an increase of 22.6% and EBITDAC Margin – Adjusted increased to 37.1% from 35.9% as compared to the same period in 2024. Net income attributable to the Company was $790 million, increasing $7 million, or 0.9%, with diluted net income per share decreasing to $2.57, or 5.9%, and Diluted Net Income Per Share – Adjusted increasing to $3.33, or 11.7%, each as compared to the same period in 2024.

J. Powell Brown, president and chief executive officer of the Company, noted, “We are very excited to welcome over 5,000 new teammates to our organization in the third quarter. We continue to deliver our solutions for our customers locally, but draw upon enhanced global capabilities. We are pleased with our overall growth, profitability and cash flow conversion.”

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