Mar 31

Brown & Brown Q1 2025 Earnings Report

Brown & Brown reported strong growth with higher revenues and net income in Q1 2025.

Key Takeaways

Brown & Brown delivered a solid quarter driven by strong organic growth, higher commissions and fees, and expanded margins.

Total revenue grew by 11.6% year-over-year to $1.4 billion.

Organic revenue growth reached 6.5%.

Net income rose 13.0% to $331 million.

Diluted EPS increased to $1.15, with Adjusted EPS at $1.29.

Total Revenue
$1.4B
Previous year: $1.26B
+11.6%
EPS
$1.29
Previous year: $1.14
+13.2%
Organic Revenue Growth
6.5%
Income Before Tax Margin
30.4%
EBITDAC Margin Adjusted
38.1%
Cash and Equivalents
$669M
Previous year: $581M
+15.1%
Total Assets
$16.8B
Previous year: $14.8B
+13.2%

Brown & Brown

Brown & Brown

Brown & Brown Revenue by Segment

Forward Guidance

Brown & Brown expects continued growth driven by strong demand for insurance solutions but highlights several macroeconomic and operational risks.

Positive Outlook

  • Continued strong organic growth trajectory.
  • Healthy demand across key insurance markets.
  • Efficient cost management supporting margins.
  • Robust acquisition pipeline.
  • Steady cash flow generation.

Challenges Ahead

  • Potential headwinds from macroeconomic uncertainty.
  • Rising operating costs could pressure margins.
  • Competition for talent remains high.
  • Acquisition integration risks could affect performance.
  • Cybersecurity threats and data risks remain elevated.