BROWN & BROWN, INC.
BRO · Insurance Agents, Brokers & Service · 338.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $58.05 · est. market cap ~$19.7B — last insider purchase, 2026-06-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A83Brown & Brown — high-margin insurance broker compounding steadily.
Strengths
- Net margin 18% (75th), FCF margin 23% (90th pct)
- Capital-light, recurring brokerage model
- Strong free cash flow (80th)
Risks
- Acquisition-integration and goodwill risk
- Tight liquidity ratios
- Soft-market commission pressure
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $1.1B cash & investments
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$164,123, last 6mo) Form 4 ↗
- Pending mergerAccession’s ownership of one or more captive insurance companies subjects us to underwriting risk through such ownership and/or participation and may also subject us to certain liabilities and expense
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
17.9%
Return on assets
3.5%
Revenue growth (QoQ)
18.3%
Net-income growth
6.1%
Current ratio
1.0×
Free cash flow
$1.4B
Cash & investments
$1.1B
Stock comp / revenue
1.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-09 | JOHNSON JOIA M | Buy | 860 | $58.05 |
| 2026-05-06 | PROCTOR H PALMER JR | Grant | 2.4K | — |
| 2026-05-06 | PATEL JAYMIN B | Grant | 2.4K | — |
| 2026-05-06 | JENNINGS TONI | Grant | 2.4K | — |
| 2026-05-06 | Hoepner Theodore J | Grant | 2.4K | — |
| 2026-05-06 | Savio Kathleen A. | Grant | 2.4K | — |
| 2026-05-06 | GELLERSTEDT LAWRENCE L III | Grant | 2.4K | — |
| 2026-05-06 | JOHNSON JOIA M | Grant | 2.4K | — |
| 2026-05-06 | Masojada Bronislaw Edmund | Grant | 2.4K | — |
| 2026-05-06 | Hunt James S | Grant | 2.4K | — |
| 2026-05-06 | Main Timothy R.M. | Grant | 2.4K | — |
| 2026-05-06 | KRUMP PAUL J | Grant | 2.4K | — |
| 2026-05-06 | Reilly Wendell | Grant | 2.4K | — |
| 2026-05-05 | PROCTOR H PALMER JR | Buy | 2.0K | $57.10 |
| 2026-02-26 | Hearn Stephen Patrick | Grant | 7.1K | — |
| 2026-02-26 | Walker Chris L | Grant | 13K | — |
| 2026-02-26 | Walker Chris L | Grant | 2.1K | — |
| 2026-02-26 | Watts R. Andrew | Grant | 26K | — |
| 2026-02-26 | Watts R. Andrew | Grant | 6.1K | — |
| 2026-02-26 | Boyd Stephen M | Grant | 10K | — |
| 2026-02-26 | Boyd Stephen M | Grant | 5.7K | — |
| 2026-02-26 | Brown P Barrett | Grant | 13K | — |
| 2026-02-26 | PENNY JEROME SCOTT | Grant | 13K | — |
| 2026-02-26 | PENNY JEROME SCOTT | Grant | 2.7K | — |
| 2026-02-26 | Gallagher Paul M. | Grant | 1.1K | — |
| 2026-02-26 | BROWN J POWELL | Grant | 78K | — |
| 2026-02-26 | Turpin Julie | Grant | 12K | — |
| 2026-02-26 | Turpin Julie | Grant | 2.9K | — |
| 2026-02-25 | BROWN J POWELL | Grant | 18K | — |
| 2026-02-23 | Turpin Julie | Tax withheld | 4.4K | $69.59 |
| 2026-02-23 | BROWN J POWELL | Tax withheld | 45K | $69.59 |
| 2026-02-23 | PENNY JEROME SCOTT | Tax withheld | 7.1K | $69.59 |
| 2026-02-23 | Walker Chris L | Tax withheld | 3.0K | $69.59 |
| 2026-02-23 | Brown P Barrett | Tax withheld | 8.4K | $69.59 |
| 2026-02-23 | Watts R. Andrew | Tax withheld | 12K | $69.59 |
| 2026-02-23 | Boyd Stephen M | Tax withheld | 7.7K | $69.59 |
| 2025-12-31 | Brown P Barrett | Gift | 127K | — |
| 2025-12-31 | BROWN J POWELL | Gift | 127K | — |
| 2025-12-31 | BROWN HYATT J | Gift | 127K | — |
| 2025-12-19 | Watts R. Andrew | Gift | 470 | — |
| 2025-12-19 | Watts R. Andrew | Gift | 3.6K | — |
| 2025-12-17 | Boyd Stephen M | Gift | 1.5K | — |
| 2025-12-15 | Brown P Barrett | Gift | 474 | — |
| 2025-12-15 | BROWN HYATT J | Gift | 1.4K | — |
| 2025-12-15 | BROWN J POWELL | Gift | 474 | — |
| 2025-08-08 | KRUMP PAUL J | Buy | 2.7K | $93.31 |
| 2025-08-06 | Masojada Bronislaw Edmund | Buy | 1.0K | $91.44 |
| 2025-05-07 | KRUMP PAUL J | Grant | 1.3K | — |
| 2025-05-07 | Main Timothy R.M. | Grant | 1.3K | — |
| 2025-05-07 | Hunt James S | Grant | 1.3K | — |
| 2025-05-07 | GELLERSTEDT LAWRENCE L III | Grant | 1.3K | — |
| 2025-05-07 | Hoepner Theodore J | Grant | 1.3K | — |
| 2025-05-07 | JENNINGS TONI | Grant | 1.3K | — |
| 2025-05-07 | PROCTOR H PALMER JR | Grant | 1.3K | — |
| 2025-05-07 | Savio Kathleen A. | Grant | 1.3K | — |
| 2025-05-07 | Reilly Wendell | Grant | 1.3K | — |
| 2025-05-07 | PATEL JAYMIN B | Grant | 1.3K | — |
| 2025-05-07 | Masojada Bronislaw Edmund | Grant | 1.3K | — |
| 2025-05-05 | Turpin Julie | Tax withheld | 2.2K | $110.57 |
| 2025-03-03 | Hearn Stephen Patrick | Grant | 3.2K | — |
| 2025-02-24 | Boyd Stephen M | Grant | 1.6K | — |
| 2025-02-24 | Brown P Barrett | Grant | 11K | — |
| 2025-02-24 | Brown P Barrett | Grant | 1.6K | — |
| 2025-02-24 | Boyd Stephen M | Grant | 9.1K | — |
| 2025-02-24 | Watts R. Andrew | Grant | 16K | — |
| 2025-02-24 | Watts R. Andrew | Grant | 2.9K | — |
| 2025-02-24 | BROWN J POWELL | Grant | 68K | — |
| 2025-02-24 | BROWN J POWELL | Grant | 6.7K | — |
| 2025-02-24 | PENNY JEROME SCOTT | Grant | 11K | — |
| 2025-02-24 | PENNY JEROME SCOTT | Grant | 1.1K | — |
| 2025-02-24 | Walker Chris L | Grant | 11K | — |
| 2025-02-24 | Walker Chris L | Grant | 2.0K | — |
| 2025-02-24 | Turpin Julie | Grant | 6.8K | — |
| 2025-02-24 | Turpin Julie | Grant | 1.3K | — |
| 2025-02-23 | Walker Chris L | Tax withheld | 1.6K | $111.71 |
| 2025-02-21 | Brown P Barrett | Tax withheld | 8.1K | $111.65 |
| 2025-02-21 | Watts R. Andrew | Tax withheld | 9.9K | $111.65 |
| 2025-02-21 | Walker Chris L | Tax withheld | 2.9K | $111.65 |
| 2025-02-21 | Turpin Julie | Tax withheld | 1.4K | $111.65 |
| 2025-02-21 | BROWN J POWELL | Tax withheld | 43K | $111.65 |
| 2025-02-21 | PENNY JEROME SCOTT | Tax withheld | 7.1K | $111.65 |
| 2025-02-21 | Boyd Stephen M | Tax withheld | 6.4K | $111.65 |
| 2024-12-31 | BROWN HYATT J | Gift | 100K | — |
| 2024-12-31 | Brown P Barrett | Gift | 100K | — |
| 2024-12-31 | BROWN J POWELL | Gift | 100K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-05 | Material agreementDebt obligation | filing ↗ |
| 2026-05-07 | Exec/director changeShareholder vote | filing ↗ |
| 2026-04-27 | ResultsExhibits | filing ↗ |
| 2026-04-09 | Reg FDExhibits | filing ↗ |
| 2026-03-04 | Exec/director changeExhibits | filing ↗ |
| 2026-03-02 | Reg FDExhibits | filing ↗ |
| 2026-01-26 | ResultsExhibits | filing ↗ |
| 2025-10-27 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-05 | 0001193125-26-259864 ↗ |
| 8-K | 2026-05-07 | 2026-05-06 | 0001193125-26-212338 ↗ |
| 10-Q | 2026-04-27 | 2026-03-31 | 0001193125-26-182389 ↗ |
| 8-K | 2026-04-27 | 2026-04-27 | 0001193125-26-182375 ↗ |
| 8-K | 2026-04-09 | 2026-04-08 | 0001193125-26-148592 ↗ |
| 8-K | 2026-03-04 | 2026-02-26 | 0001193125-26-091840 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0001193125-26-084391 ↗ |
| 10-K | 2026-02-12 | 2025-12-31 | 0001193125-26-046984 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001193125-26-022760 ↗ |
| 10-Q | 2025-10-28 | 2025-09-30 | 0001193125-25-251811 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001193125-25-251743 ↗ |
| 8-K | 2025-10-20 | 2025-10-17 | 0001193125-25-242954 ↗ |