Brown & Brown Inc. (BRO) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
300 N. BEACH STREET DAYTONA BEACH, FL 32114 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6411 - Insurance Agents, Brokers, and Service (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 685 | 711 | 662 | 900 | 836 | 554 | |||
| Cash and cash equivalent | 675 | 700 | 650 | 887 | 817 | 542 | |||
| Short-term investments | 10 | 11 | 12 | 13 | 18 | 12 | |||
| Restricted cash and investments | 583 | 455 | 421 | ||||||
| Other current assets | 354 | 315 | 202 | 176 | 148 | 152 | |||
| Other undisclosed current assets | 5,885 | 4,104 | 4,132 | 1,672 | 1,520 | 1,367 | |||
| Total current assets: | 6,924 | 5,130 | 4,996 | 3,330 | 2,958 | 2,495 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 200 | 199 | 215 | 197 | 187 | 184 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 319 | 270 | 240 | 212 | 201 | 149 | |||
| Intangible asset, including goodwill, after accumulated amortization | 9,784 | 8,962 | 8,269 | 5,818 | 5,446 | 4,663 | |||
| Goodwill | 7,970 | 7,341 | 6,674 | 4,737 | 4,396 | 3,746 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 1,814 | 1,621 | 1,595 | 1,081 | 1,050 | 917 | |||
| Other noncurrent assets | 366 | 302 | 231 | 207 | 150 | 105 | |||
| Other undisclosed noncurrent assets | 19 | 21 | 22 | 31 | 25 | 27 | |||
| Total noncurrent assets: | 10,688 | 9,754 | 8,978 | 6,465 | 6,008 | 5,128 | |||
| TOTAL ASSETS: | 17,612 | 14,883 | 13,974 | 9,795 | 8,966 | 7,623 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,026 | 1,067 | 828 | 663 | 562 | 438 | |||
| Accounts payable | 373 | 459 | 287 | 206 | 190 | 100 | |||
| Accrued liabilities | 653 | 608 | 542 | 456 | 372 | 338 | |||
| Deferred revenue | 80 | 78 | 80 | 54 | 41 | ||||
| Debt | 225 | 569 | 251 | 43 | 70 | 55 | |||
| Liability for uncertainty in income taxes | 1 | 1 | 0 | 0 | 0 | ||||
| Other undisclosed current liabilities | 4,983 | 3,242 | 3,437 | 1,962 | 1,668 | 1,511 | |||
| Total current liabilities: | 6,314 | 4,957 | 4,597 | 2,667 | 2,354 | 2,045 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,599 | 3,227 | 3,692 | 2,160 | 2,199 | 1,668 | |||
| Long-term debt, excluding current maturities | 3,599 | 3,227 | 3,692 | 1,980 | 2,026 | 1,500 | |||
| Liabilities, other than long-term debt | 1,262 | 1,121 | 1,079 | 771 | 659 | 248 | |||
| Deferred revenue | 17 | ||||||||
| Deferred income tax liabilities | 711 | 616 | 584 | 387 | 344 | ||||
| Other liabilities | 362 | 326 | 299 | 384 | 315 | 231 | |||
| Operating lease, liability | 189 | 179 | 196 | 180 | 173 | 168 | |||
| Total noncurrent liabilities: | 4,861 | 4,348 | 4,770 | 2,931 | 2,858 | 1,916 | |||
| Total liabilities: | 11,175 | 9,305 | 9,367 | 5,599 | 5,212 | 3,961 | |||
| Equity | |||||||||
| Equity, attributable to parent | 6,420 | 5,579 | 4,607 | 4,197 | 3,754 | 3,350 | |||
| Common stock | 31 | 30 | 30 | 30 | 30 | 30 | |||
| Treasury stock, value | (748) | (748) | (748) | (674) | (591) | (536) | |||
| Additional paid in capital | 1,118 | 1,027 | 920 | 849 | 795 | 716 | |||
| Accumulated other comprehensive income (loss) | (109) | (19) | (148) | (9) | |||||
| Retained earnings | 6,128 | 5,289 | 4,553 | 4,001 | 3,521 | 3,141 | |||
| Equity, attributable to noncontrolling interest | 17 | ||||||||
| Total equity: | 6,437 | 5,579 | 4,607 | 4,197 | 3,754 | 3,350 | |||
| Other undisclosed liabilities and equity | 311 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 17,612 | 14,883 | 13,974 | 9,795 | 8,966 | 7,623 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,805 | 4,257 | 3,573 | 3,051 | 2,613 | 2,392 | ||
| Insurance commissions and fees | 4,705 | 4,199 | 3,563 | 3,048 | 2,606 | 2,385 | ||
| Gross profit: | 4,805 | 4,257 | 3,573 | 3,051 | 2,613 | 2,392 | ||
| Operating expenses | (687) | (3,111) | (2,697) | (2,289) | (1,989) | (1,866) | ||
| Operating income: | 4,118 | 1,146 | 876 | 763 | 624 | 526 | ||
| Interest and debt expense | (193) | (190) | (141) | (65) | (59) | (64) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 59 | 64 | ||||||
| Income from continuing operations before equity method investments, income taxes: | 3,925 | 956 | 735 | 698 | 624 | 526 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,622) | 190 | 141 | 65 | ||||
| Income from continuing operations before income taxes: | 1,303 | 1,146 | 876 | 763 | 624 | 526 | ||
| Income tax expense | (301) | (276) | (204) | (176) | (144) | (127) | ||
| Income from continuing operations: | 1,002 | 871 | 672 | 587 | 480 | 399 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 587 | 480 | 399 | |
| Net income: | 1,002 | 871 | 672 | 587 | 480 | 399 | ||
| Net loss attributable to noncontrolling interest | (9) | |||||||
| Net income attributable to parent: | 993 | 871 | 672 | 587 | 480 | 399 | ||
| Other undisclosed net loss available to common stockholders, basic | (12) | (13) | (13) | (13) | (15) | (13) | ||
| Net income available to common stockholders, basic: | 981 | 857 | 659 | 574 | 465 | 386 | ||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net income available to common stockholders, diluted: | 981 | 857 | 659 | 574 | 465 | 386 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,002 | 871 | 672 | 587 | 480 | 399 | ||
| Comprehensive income: | 1,002 | 871 | 672 | 587 | 480 | 399 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (9) | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (90) | 129 | (139) | (9) | ||||
| Comprehensive income, net of tax, attributable to parent: | 903 | 1,000 | 533 | 578 | 480 | 399 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.