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Brown & BrownBRO

Insurance Brokers · Daytona Beach, Florida · In the S&P 500
High quality
$69.76+2.83%After hours: $69.76 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 13.1% over 1 year
Brown & Brown over 1 yearDaily close, $, to 30 Oct 2026
$60$80Nov2026MarMayJulSep$69.76$60$80NovMarJul$69.76
Source: Nasdaq daily closes
Market value$23.14B
Price to earnings19.5x
Forward P/E15.2x
Dividend yield1.03%
Year to date−12.5%
One year−13.1%
Next earningsNot scheduled
SectorFinancials
52-week range (closes)
$54.38$82.33

Quality and valuation

How Brown & Brown compares with other financials stocks. A description, not a recommendation.

Brown & Brown and 5 insurance brokers peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: in line with its sector

A stronger business than most financials companies, priced about in line with them.

Brown & Brown trades at 15.2 times the next 12 months of expected earnings, against a median of 13.0x for the 84 financials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +26.1% vs +10.2%
  • Turns more of its sales into cash: 21.5% vs 20.3%
  • Keeps less of its revenue as profit (net margin): 17.6% vs 20.7%
BRO trades at 15.2x forward earnings, above the sector medianForward p/e, Insurance Brokers peers
BRO15.2xWTW15.5xAON16.7xMRSH18.2xAJG19.7xERIE41.3xSector median 13.0xBRO15.2xWTW15.5xAON16.7xMRSH18.2xAJG19.7xERIE41.3xSector median 13.0x
Source: CNBC quotes; Mostly Markets
At 21.9x earnings, BRO is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x25x30x35xAverage 25.6x2025202621.9x20x30xAverage 25.6x2025202621.9x
Source: Nasdaq prices; SEC filings

Financials

From Brown & Brown's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 7.4% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ4 ’24Q2 ’25Q4 ’25$1.7bnQ3 ’26$0bn$1bnQ4 ’24Q2 ’25Q4 ’25$1.7bnQ3 ’26
Source: SEC filings
Growth slowed to +7.4% last quarterRevenue growth, year on year, %
0%10%20%30%Q4 ’24Q2 ’25Q4 ’257.4%Q3 ’260%20%Q4 ’24Q2 ’25Q4 ’257.4%Q3 ’26
Source: SEC filings
Free cash flow was $1.5 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$493mQ3 ’26$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$493mQ3 ’26
Source: SEC filings
Diluted EPS was $0.67 last quarterQuarterly diluted earnings per share, $
$0.0$0.5$1.0Q4 ’24Q2 ’25Q4 ’25$0.67Q3 ’26$0.0$0.5$1.0Q4 ’24Q2 ’25Q4 ’25$0.67Q3 ’26
Source: SEC filings
Last 12 monthsBROSector median
Revenue growth+26.1%+10.2%
Free cash flow margin21.5%20.3%
Price to earnings19.5x14.6x

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Similar companies

Insurance Brokers, by market value.

CompanyPriceTodayYTDValue
MRSHMarsh McLennan$200.62+1.82%+8.1%$95.40B
AJGArthur J. Gallagher$276.07+2.93%+6.7%$70.76B
AONAon$321.67+0.01%−8.8%$68.25B
WTWWillis Towers Watson$324.42+1.15%−1.3%$30.13B
ERIEErie Indemnity$261.39+4.23%−8.8%$13.67B