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Brown & Brown
BRO · NYSEInsurance brokerage
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Brokers &distributionwho places the coverInsurerswho carries the riskReinsuranceinsuring the insurersClaims,payouts &…where the money goesPolicyholderswho is protectedBROBrown & BrownRSCRisk Strategies / One80PRGPrograms & MGAsCBChubbTRVTravelersHIGThe HartfordAIGAIG···Other carriers & Lloyd'sREReinsurersCLMClaims & payouts···HouseholdsBIZBusinesses & public entities
Company details
Market cap
~$20B
P/E ratio
~26×
Div yield
~0.8%
Revenue (2025)
$5.8B
Rev. growth
+15%
Employees
~22,900
Stock price
~$60
Acquisitions
600+ done
In plain English
Brown & Brown is one of the largest insurance brokers in the world — a middleman, not a risk-taker. It doesn't insure anything itself; it sits between the businesses and families who need cover and the insurers who carry the risk, earning commissions and fees for placing policies. Run with frugal discipline by the founding Brown family for over 85 years, it has grown into a giant mainly by buying smaller agencies — its biggest ever, the ~$9.8B purchase of Risk Strategies/One80 (Accession) in 2025.
In simple terms
What Brown & Brown really sells
Brown & Brown is one of the largest insurance brokers in the world — a middleman, not a risk-taker. It doesn't insure anything itself; it sits between the businesses and families who need cover and the insurers who carry the risk, earning commissions and fees for placing policies. Run with frugal discipline by the founding Brown family for over 85 years, it has grown into a giant mainly by buying smaller agencies — its biggest ever, the ~$9.8B purchase of Risk Strategies/One80 (Accession) in 2025.
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Risk read
Moderate
SteadierMore speculative
Why this rating?