Brown & Brown, Inc.'s Stock Analysis

Brown & Brown Announces Segment Reorganization After Acquisition

Brown & Brown, Inc. has announced a reorganization of its business segments following the acquisition of RSC Topco, Inc., which is the holding company for Accession Risk Management Group, Inc. Starting July 1, 2025, the company will consolidate its Programs and Wholesale Brokerage segments into a new Specialty Distribution segment, resulting in two reporting segments: Retail and Specialty Distribution.

The company has provided unaudited historical financial information recast to reflect the new segment structure, covering the periods from 2020 to 2025. It is important to note that this reorganization will not impact the previously reported consolidated financial statements, as the company did not operate under this new structure in prior periods.

Aug 22, 2025 17:05:15

Brown & Brown Appoints New Director to Board of Directors

Brown & Brown, Inc. has expanded its Board of Directors from 13 to 14 members, appointing Joia M. Johnson as a new director effective August 13, 2025. Johnson brings extensive experience, having previously served as Chief Administrative Officer and Chief Legal Officer at Hanesbrands Inc., and held various executive roles at RARE Hospitality International, Inc. She is also a current board member of Global Payments Inc., Sylvamo Corporation, and Regions Financial Corp., where she actively participates in several committees.

Johnson's term as a director will last until the 2026 Annual Meeting of Shareholders, although she has not yet been assigned to any specific standing committees. As a non-employee director, she will receive standard compensation for her role. There are no known arrangements or transactions involving Johnson that would require disclosure under relevant regulations.

Aug 15, 2025 17:00:27

Brown & Brown Completes $9.825 Billion Acquisition of RSC Topco

On August 1, 2025, Brown & Brown, Inc. completed the acquisition of RSC Topco, Inc. for a total purchase price of $9.825 billion. The payment structure included approximately $3.5 billion in cash and around $1.2 billion in shares of the company’s common stock, with the net merger consideration to RSC equityholders estimated at $4.7 billion after customary adjustments. The transaction is part of Brown & Brown's strategy to enhance its insurance distribution capabilities through RSC's established brands.

The common stock issued as part of the acquisition was classified as unregistered and exempt from public offering regulations. Recipients of the shares are subject to a five-year lock-up agreement with specific release schedules. The acquisition is expected to bolster Brown & Brown's market presence, as it integrates Accession Risk Management Group, which operates a network of specialty insurance and risk management companies.

Aug 04, 2025 21:30:29

Brown & Brown Reports Q2 2025 Financial Results and Growth

Brown & Brown, Inc. reported total revenues of $1.3 billion for the second quarter of 2025, representing a 9.1% increase compared to the same period last year. Organic revenue growth was recorded at 3.6%, while net income attributable to the company decreased by 10.1% to $231 million, resulting in a diluted net income per share of $0.78. The company’s income before income taxes was $311 million, down 10.1% from the previous year, with a margin of 24.2%. Adjusted EBITDAC increased by 12.1% to $471 million, with an adjusted margin of 36.7%.

For the first half of 2025, Brown & Brown achieved revenues of $2.7 billion, marking a 10.4% increase year-over-year. Net income for this period rose by 2.4% to $563 million, with diluted net income per share increasing slightly to $1.93. The company also reported an adjusted diluted net income per share of $2.32, a 12.1% increase. The report highlighted the positive impact of interest income from a recent stock offering and noted ongoing efforts related to the acquisition of RSC Topco, Inc.

Jul 28, 2025 17:03:24

Company Files Financial Statements and Exhibits Report

The company has submitted its financial statements and exhibits as part of its regulatory obligations under the Securities Exchange Act of 1934. This filing includes a signature from Anthony M. Robinson, indicating the report has been duly authorized by the company. The date of the filing is noted as June 23, 2025.

Jun 23, 2025 17:00:48

Brown & Brown, Inc. Prices $4 Billion Common Stock Offering

Brown & Brown, Inc. has announced the pricing of its public offering of 39,215,686 shares of common stock at $102.00 per share, totaling approximately $4 billion. The offering is expected to close on June 12, 2025, pending customary closing conditions. Additionally, the company has granted underwriters a 30-day option to purchase up to an extra $400 million in shares at the public offering price, excluding underwriting discounts. The net proceeds from this offering are anticipated to be around $3.9 billion after expenses, which will be used primarily to fund a merger agreement with RSC Topco, Inc. and cover associated fees and expenses. If the merger does not proceed, the funds will be allocated for general corporate purposes.

The company has filed an automatic shelf registration statement and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission for this offering. Investors are encouraged to review these documents for comprehensive details regarding the offering and the company. The securities offered have not been approved or disapproved by any regulatory authority, nor has any authority assessed the accuracy of the prospectus or registration statement.

Jun 13, 2025 17:03:49

Brown & Brown to Acquire Accession Risk Management for $9.825 Billion

Brown & Brown, Inc. has announced an agreement to acquire Accession Risk Management Group, Inc. for a total purchase price of $9.825 billion. The transaction is expected to close in the third quarter of 2025, pending regulatory approvals. Accession, which is the parent company of Risk Strategies and One80 Intermediaries, is recognized as the ninth largest privately held insurance brokerage in the U.S., with pro forma adjusted revenues of approximately $1.7 billion for 2024. The acquisition aims to enhance Brown & Brown's capabilities and expand its market reach by integrating Accession's specialized services and expertise.

Following the acquisition, the Risk Strategies team will join Brown & Brown’s Retail segment, and John Mina will become part of the Retail senior leadership team. The acquisition is anticipated to drive shareholder value through revenue and cash flow growth, as the combined operations are expected to be accretive to Brown & Brown’s adjusted diluted net income per share in 2024. The integration will also create a new Specialty Distribution segment, which will include One80 Intermediaries and enhance the company’s offerings in insurance distribution channels.

Jun 10, 2025 06:46:11

Brown & Brown Reports Q1 2025 Revenue Growth and Dividend

Brown & Brown, Inc. announced its financial results for the first quarter of 2025, reporting total revenues of $1.4 billion, which reflects an increase of 11.6% compared to the same period last year. The company's organic revenue growth was 6.5%, and the diluted net income per share rose to $1.15, marking a 12.7% increase. The income before income taxes also saw a significant rise of 17.3%, reaching $427 million, with an improved income before income taxes margin of 30.4%.

Additionally, the company declared a quarterly cash dividend of $0.15 per share, payable on May 21, 2025, to shareholders of record as of May 12, 2025. The adjusted diluted net income per share increased to $1.29, a 13.2% rise from the previous year. These results highlight the company's ongoing performance and financial stability, which may be of interest to investors.

Apr 28, 2025 17:03:47

Brown & Brown Reports Revenue Growth and New Initiatives for 2024

Brown & Brown, Inc. has reported organic revenue growth across all operating segments for fiscal year 2024, along with expanded operating margins and increased cash flow from operations. The company received multiple accolades, including Great Place to Work® Certification for the sixth consecutive year and recognition on various Fortune Best Workplaces lists. Additionally, they launched new benefit programs for teammates, expanded their Diversity, Inclusion & Belonging Advisory Council, and enhanced cybersecurity measures, demonstrating a commitment to both employee welfare and operational security.

On the other hand, the report emphasizes that many of the targets and goals outlined are aspirational, with no guarantees of achievement. The company also noted that there was no external assurance regarding the information presented in the report. Furthermore, while they have made strides in various initiatives, the report acknowledges that the measurement of non-financial data can be uncertain, and the inclusion of such information does not imply materiality for securities laws or financial impact.

Apr 02, 2025 17:00:36

Brown & Brown Reports Revenue Growth and Key Financial Metrics

Brown & Brown, Inc. highlighted its long-term track record of revenue growth, reporting total revenues of $4.8 billion for 2024. The company emphasized its diversified global revenue base, experienced leadership team, and a disciplined capital allocation strategy. The Retail Segment showed an average revenue growth of 8.8% over three years, with an organic revenue growth of 5.8%. The EBITDAC Margin - Adjusted for the Retail Segment stood at 30.0%, consistent with historical performance.

However, the company also acknowledged several risks that could impact its operations, including challenges in hiring and retaining qualified employees, cybersecurity threats, and risks associated with acquisitions. Additionally, adverse economic conditions and regulatory changes were cited as potential factors that could affect profitability. The press release noted the importance of maintaining relationships with insurance companies and managing fluctuations in commission revenue, which could be influenced by external factors beyond their control.

Feb 28, 2025 21:00:27