Brown & Brown Inc

Brown & Brown turned in a narrowly mixed first quarter for 2025, falling just short of Wall Street expectations on both the top and bottom lines while still delivering solid year-over-year growth. The insurance brokerage posted adjusted diluted EPS of $1.29, missing the $1.30 consensus by 0.52%, as revenue of $1.40 billion came in 0.36% below the $1.41 billion estimate, though that figure still represented a 13.5% increase from the prior-year period. The most compelling driver behind that growth was a 12.0% jump in commissions and fees, reflecting both acquisition activity and 6.5% organic revenue growth, as elevated insurance spending tied to cyber threats and natural disaster exposure continued to benefit brokers operating in the current environment. Profitability held up well, with EBITDAC adjusted climbing 14.8% to $535.00 million and the adjusted margin widening to 38.1% from 37.0%, demonstrating meaningful operating leverage even as employee compensation costs rose to $683.00 million. The board declared a quarterly dividend of $0.15 per share, payable May 21, 2025.