Brown & Brown, Inc. (BRO)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Brown & Brown, Inc. (BRO) trades at $70.00 with AI Score 53/100 (Grade B). Brown & Brown, Inc. is an insurance brokerage firm providing risk management solutions. Market cap: $23.73B, Sector: Financial services.
Price live · AI analysis from May 9, 2026BRO stock analysis for 2026: Analysts have set a consensus price target of $88.50 for Brown & Brown, Inc., suggesting 26.4% upside from the current price of $70.00. The AI MoonshotScore is 53/100, indicating a neutral outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
BRO: 4/5 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Brown & Brown, Inc. (BRO) Financial Services Profile
Brown & Brown, Inc. is a leading insurance brokerage providing a diverse range of risk management solutions across the United States, Canada, and Europe. Operating through multiple segments, the company leverages its extensive network and specialized programs to serve a wide array of commercial and individual clients, maintaining a strong market presence.
What Is the Investment Thesis for BRO?
Brown & Brown, Inc. presents a compelling investment case due to its diversified revenue streams and strong market position within the insurance brokerage industry. With a market capitalization of $23.73B and a profit margin of 17.9%, the company demonstrates financial stability. Key value drivers include organic growth across its four segments and strategic acquisitions to expand its market presence. Catalysts include increasing demand for specialized insurance products and services, particularly in the National Programs segment. However, potential risks involve economic downturns affecting insurance demand and increased competition from other brokerage firms. The company's beta of 0.83 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
BRO Key Highlights
- Market capitalization of $23.73B, reflecting substantial investor confidence.
- P/E ratio of 17.5 indicates a reasonable valuation relative to earnings.
- Profit margin of 17.9% demonstrates strong profitability and efficient operations.
- Gross margin of 59.4% highlights the company's ability to maintain pricing power and manage costs effectively.
- Dividend yield of 1.12% provides a steady income stream for investors.
Who Are BRO's Competitors?
BRO is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| FITB Fifth Third Bancorp | $57.16 | -0.57% | $51.80B | 71 |
| CBOE Cboe Global Markets, Inc. | $248.99 | +0.51% | $26.06B | 54 |
| HBAN Huntington Bancshares Incorporated | $17.86 | -1.38% | $36.20B | 68 |
| WTW Willis Towers Watson Public Limited Company | $286.22 | +4.06% | $27.03B | 44 |
| CINF Cincinnati Financial Corporation | $192.03 | +2.57% | $29.70B | 98 |
| AJG Arthur J. Gallagher & Co. | $252.44 | +5.33% | $64.86B | 58 |
| TWFG TWFG, Inc. | $25.80 | +2.83% | $335.33M | 56 |
| ARX Accelerant Holdings | $13.77 | +7.24% | $3.00B | 53 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BRO's Key Strengths?
- Diversified business model with multiple revenue streams.
- Strong market position and brand reputation.
- Extensive network of agents and partners.
- Expertise in specialized insurance programs.
What Are BRO's Weaknesses?
- Exposure to economic cycles affecting insurance demand.
- Dependence on relationships with insurance carriers.
- Potential for regulatory changes impacting the insurance industry.
- Integration challenges with acquired companies.
What Could Drive BRO Stock Higher?
- Continued expansion of the National Programs segment, driving revenue growth through specialized insurance offerings.
- Strategic acquisitions of smaller insurance agencies, expanding geographic reach and service capabilities.
- Implementation of digital technologies to enhance customer experience and streamline operations by Q4 2026.
- Cross-selling initiatives to increase revenue per customer and strengthen customer relationships.
What Are the Key Risks for BRO?
- Financial-distress signal — its Altman Z-Score of 1.59 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns reducing insurance demand and impacting revenue growth.
- Increased competition from other insurance brokers, potentially leading to pricing pressures.
- Regulatory changes impacting insurance pricing and underwriting, requiring compliance adjustments.
- Cybersecurity risks and data breaches, potentially leading to financial losses and reputational damage.
What Are the Growth Opportunities for BRO?
- Expansion of National Programs Segment: The National Programs segment offers significant growth potential by targeting specialized insurance products for niche markets such as dentistry, legal, and medical professions. The increasing demand for tailored insurance solutions in these sectors, coupled with Brown & Brown's expertise in underwriting and claims management, positions the company to capture a larger market share. This expansion can be achieved through strategic partnerships and the development of new, innovative insurance products, with a potential market size exceeding $5 billion by 2030.
- Strategic Acquisitions: Brown & Brown has a history of successful acquisitions, which can continue to drive growth by expanding its geographic reach and service offerings. By acquiring smaller, specialized insurance agencies, the company can gain access to new markets and expertise, while also realizing synergies and cost savings. The insurance brokerage market remains fragmented, providing ample opportunities for strategic acquisitions that can enhance Brown & Brown's competitive position. The timeline for integrating acquired companies is typically 12-24 months.
- Digital Transformation: Investing in digital technologies to enhance customer experience and streamline operations represents a significant growth opportunity. By leveraging data analytics, artificial intelligence, and online platforms, Brown & Brown can improve underwriting accuracy, personalize insurance offerings, and reduce administrative costs. This digital transformation can attract new customers, improve customer retention, and drive operational efficiencies, with a potential impact of increasing revenue by 10% within the next three years.
- Geographic Expansion: Expanding into new geographic markets, particularly in Europe and Asia, offers significant growth potential. By leveraging its expertise and established relationships, Brown & Brown can replicate its successful business model in new regions, tapping into growing insurance markets. This expansion can be achieved through strategic partnerships, acquisitions, or organic growth, with a focus on markets with favorable regulatory environments and strong economic growth. The timeline for establishing a presence in a new market is typically 3-5 years.
- Cross-Selling Opportunities: Leveraging its diverse customer base and product offerings, Brown & Brown can capitalize on cross-selling opportunities to increase revenue and customer loyalty. By offering a comprehensive suite of insurance products and services to existing customers, the company can increase its share of wallet and strengthen customer relationships. This can be achieved through targeted marketing campaigns, personalized recommendations, and integrated service offerings, with a potential impact of increasing revenue per customer by 15% within the next two years.
What Opportunities Does BRO Have?
- Expansion into new geographic markets.
- Growth in specialized insurance programs.
- Adoption of digital technologies to improve efficiency.
- Strategic acquisitions to expand market share.
What Threats Does BRO Face?
- Increased competition from other insurance brokers.
- Economic downturns reducing insurance demand.
- Regulatory changes impacting insurance pricing and underwriting.
- Cybersecurity risks and data breaches.
What Are BRO's Competitive Advantages?
- Diversified revenue streams across multiple segments and product lines.
- Strong relationships with insurance carriers and independent agents.
- Expertise in specialized insurance programs and risk management services.
- Established brand reputation and long-standing presence in the insurance market.
What Does BRO Do?
Founded in 1939 and headquartered in Daytona Beach, Florida, Brown & Brown, Inc. has evolved into a prominent insurance brokerage firm with a global reach. The company operates through four key segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers a comprehensive suite of insurance products, including property and casualty, employee benefits, and personal insurance, alongside risk management services like loss control and claims processing. This segment caters to commercial, public, and individual clients. The National Programs segment focuses on specialized insurance products for various professions, such as dentistry, law, and medicine, as well as niche areas like weddings and cyber liabilities. It also provides outsourced services to insurance carriers. The Wholesale Brokerage segment markets excess and surplus insurance lines through independent agents. Lastly, the Services segment delivers third-party claims administration and medical utilization management. Brown & Brown's diversified business model and extensive service offerings have solidified its position in the insurance market.
What Products and Services Does BRO Offer?
- Markets and sells a variety of insurance products, including property and casualty, employee benefits, and personal insurance.
- Provides risk management services, such as loss control surveys and claims processing.
- Offers specialized insurance programs for specific professions and industries.
- Provides outsourced product development and administrative services to insurance carriers.
- Markets excess and surplus commercial and personal lines insurance through independent agents.
- Offers third-party claims administration and medical utilization management services.
How Does BRO Make Money?
- Generates revenue through commissions and fees from the sale of insurance products and services.
- Earns revenue from providing outsourced services to insurance carriers.
- Profits from managing and administering claims for workers' compensation and liability cases.
What Industry Does BRO Operate In?
Brown & Brown, Inc. operates in the insurance brokerage industry, which is characterized by increasing complexity and demand for specialized risk management solutions. The market is driven by factors such as economic growth, regulatory changes, and evolving risk landscapes. Competition includes large global brokers like Willis Towers Watson Public Limited Company (WTW) and regional players. Brown & Brown differentiates itself through its diversified service offerings and strong focus on niche markets within its National Programs segment. The industry is expected to see continued growth, driven by increasing awareness of risk management and the need for tailored insurance solutions.
Who Are BRO's Key Customers?
- Commercial entities seeking property and casualty insurance.
- Public and quasi-public entities requiring risk management solutions.
- Professionals in fields like dentistry, law, and medicine needing specialized insurance.
- Individuals seeking personal insurance products.
Net buyingInsider Activity
Over the past six months, Brown & Brown, Inc. insiders filed 15 SEC Form 4 transactions — 0 sales and 15 purchases. On net that is roughly 35K shares acquired (about $164K) — insiders putting money in tends to read as conviction.
Quarterly Financial Performance: Brown & Brown, Inc.
Revenue for Brown & Brown, Inc. came in at $1.90B during Q1 2026, a 13.9% improvement versus the preceding quarter. The company recorded net income of $426.0M, with diluted EPS of $1.26. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Financial Services company. Across the four most recent quarters, BRO averaged $0.88 in diluted EPS.
BRO Valuation & Market Position
With a $23.73B market cap, Brown & Brown, Inc. sits in the large-cap segment of the market. Relative to its peer group, BRO's quantitative score of 53/100 is below the peer average of 67/100.
ROE 9%Key Financial Metrics
Return on equity for Brown & Brown, Inc. stands at 9.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.9%, showing how much profit it generates from its asset base. BRO trades at a trailing price-to-earnings ratio of 17.46, roughly in line with the Financial Services sector average of ~18x. Its free cash flow yield is 6.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.02 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 5.4%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 5/9Financial Health
Brown & Brown, Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.59 places it in the distress zone, a signal of elevated financial risk.
7/8 beatsEarnings Track Record
Brown & Brown, Inc. has beaten Wall Street's EPS estimate in 7 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 5.2% above estimates on average.
FY2026 estForward Outlook
Wall Street analysts project Brown & Brown, Inc. revenue of about $7.04B for fiscal 2026, with EPS near $4.52. The estimate reflects 11 contributing analysts.
Company Profile
Brown & Brown, Inc. operates in the Insurance - Brokers industry within the Financial Services sector. It is headquartered in Daytona Beach, US. The company is led by CEO J. Powell Brown. BRO has traded publicly since 1981.
BRO Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's growth prospects, indicating a positive outlook from management.
- Community sentiment has shifted positively, with discussions highlighting Brown & Brown's strong market position and competitive advantages in the insurance sector.
- Analysts have noted the company's consistent revenue growth, which reinforces its stability and ability to weather economic fluctuations.
- There is a growing recognition of the company's strategic acquisitions, which are seen as enhancing its service offerings and expanding market reach.
Bear Case
- Some community members express concerns about potential regulatory changes affecting the insurance industry, which could impact profitability.
- Market perception has been tempered by broader economic uncertainties, leading to cautious sentiment among investors.
- Recent discussions reveal skepticism about the sustainability of growth rates, particularly in a competitive landscape with rising costs.
- There are worries about the company's reliance on certain segments, which may expose it to sector-specific risks in a downturn.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
From the Earnings Call
“For the full year, we grew our revenue by 23% through a combination of M&A, organic revenue growth and strong growth in our contingent commissions.”
— J. Powell Brown, President and Chief Executive Officer
“We expanded our margins materially and grew our cash flow from operations by nearly 24%.”
— J. Powell Brown, President and Chief Executive Officer
BRO Q4 FY2025 earnings call transcript · 2026-01-27
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $1.90B | $426M | $1.26 |
| Q4 2025 | $1.67B | $264M | $0.78 |
| Q3 2025 | $1.61B | $227M | $0.68 |
| Q2 2025 | $1.25B | $231M | $0.79 |
Based on FMP financials and quantitative analysis
BRO Latest News
-
Palo Alto To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Wednesday
benzinga · Jul 1, 2026
-
Brown & Brown (BRO) Dropped on Softness in Organic Growth
Yahoo! Finance: BRO News · Jun 30, 2026
-
A Look at Brown & Brown Inc (BRO) After 5.6% Gain -- GF Value $108.65 vs Price $64.22
gurufocus.com · Jun 26, 2026
-
Raymond James Adjusts Price Target on Brown & Brown to $70 From $65, Maintains Outperform Rating
MT Newswires · Jun 26, 2026
BRO Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BRO.
Price Targets
Consensus target: $88.50
BRO MoonshotScore
What does this score mean?
The MoonshotScore rates BRO's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Palo Alto To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Wednesday
Brown & Brown (BRO) Dropped on Softness in Organic Growth
A Look at Brown & Brown Inc (BRO) After 5.6% Gain -- GF Value $108.65 vs Price $64.22
Raymond James Adjusts Price Target on Brown & Brown to $70 From $65, Maintains Outperform Rating
Latest Brown & Brown, Inc. Analysis
Leadership: J. Powell Brown
President and Chief Executive Officer
J. Powell Brown has served as the President and Chief Executive Officer of Brown & Brown, Inc. since September 2009. He joined the company in 1995 and has held various leadership positions, including Regional Executive Vice President and Executive Vice President. Brown holds a Bachelor of Science degree in Business Administration from the University of Florida. His extensive experience within the company and deep understanding of the insurance industry have been instrumental in driving Brown & Brown's growth and success.
Track Record: Under J. Powell Brown's leadership, Brown & Brown, Inc. has experienced significant growth and expansion. He has overseen strategic acquisitions, enhanced the company's digital capabilities, and strengthened its market position. Key milestones include consistent revenue growth, improved profitability, and increased shareholder value. His focus on innovation and customer service has contributed to the company's success in a competitive market.
What Investors Ask About Brown & Brown, Inc. (BRO) — Financial Services
What does Brown & Brown, Inc. do?
Brown & Brown, Inc. operates as an insurance brokerage firm, offering a wide array of insurance products and services across the United States, Canada, and select international markets. The company functions through four primary segments: Retail, National Programs, Wholesale Brokerage, and Services. These segments provide property and casualty insurance, employee benefits, specialized insurance programs, and third-party claims administration. Brown & Brown serves diverse clients, including commercial entities, public organizations, and individuals, leveraging its extensive network and expertise to deliver tailored risk management solutions.
What do analysts say about BRO stock?
Analyst consensus on Brown & Brown, Inc. (BRO) reflects a generally positive outlook, driven by the company's consistent financial performance and strategic growth initiatives. Key valuation metrics, such as the P/E ratio of 17.5, suggest a reasonable valuation relative to earnings. Growth considerations include the company's ability to expand its National Programs segment and capitalize on strategic acquisitions. While analysts recognize potential risks, such as economic downturns and increased competition, the overall sentiment remains cautiously optimistic, emphasizing the company's long-term growth potential and stable financial position.
What are the main risks for BRO?
Brown & Brown, Inc. faces several key risks inherent to the insurance brokerage industry. Economic downturns could reduce insurance demand, impacting revenue growth. Increased competition from other brokers may lead to pricing pressures and reduced market share. Regulatory changes in insurance pricing and underwriting could require costly compliance adjustments. Cybersecurity risks and data breaches pose a threat to sensitive customer data, potentially leading to financial losses and reputational damage. Effective risk management and proactive adaptation to market changes are crucial for mitigating these potential challenges.
What are the key factors to evaluate for BRO?
Brown & Brown, Inc. (BRO) holds an AI score of 53/100 (moderate). P/E: 17.5x vs the S&P 500's ~20-25x. Analysts target $88.50 (+26%). Not financial advice.
How frequently does BRO data refresh on this page?
BRO prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven BRO's recent stock price performance?
Brown & Brown, Inc. (BRO) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified business model with multiple revenue streams. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BRO overvalued or undervalued right now?
Brown & Brown, Inc. (BRO) trades at 17.5x earnings. Analysts target $88.50 (+26%) — upside seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying BRO?
Before investing in Brown & Brown, Inc. (BRO), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- Financial data is as of 2026-05-09.