Brown & Brown Reports 11.6% Revenue Increase, $331 Million Profit in Q1 2025

Brown & Brown, Inc., a leading U.S. insurance brokerage, reported strong first-quarter 2025 financial results, with net income rising 13% to $331 million and revenue increasing 11.6% to $1.4 billion, driven by higher commissions, fees, and organic growth. The company’s diluted net income per share reached $1.15, up from $1.02 last year, though adjusted earnings of $1.29 per share slightly missed analyst estimates. Growth was robust across business segments, particularly in retail, programs, and wholesale brokerage, supported by new business, acquisitions, and favorable market trends such as increased demand for risk management amid economic uncertainty and rising cyber and disaster risks. Income before income taxes jumped 17.3% to $427 million, while the EBITDAC margin improved to 38.1%. Brown & Brown declared a regular quarterly dividend of $0.15 per share, reflecting its ongoing commitment to shareholder returns. Despite a minor dip in investment income, the overall outlook remains positive, though the company cautions about future risks including employee retention, cybersecurity, and economic headwinds.