Companies /Financial Services
Brown & Brown Inc
NYSE: BRO Insurance Brokers
$61.72
▲ $0.75 (+1.23%) today
Markets closed · 8:55pm ET

Brown & Brown (BRO) Q1 2025 Earnings

Reported Apr 28, 2025, 5:03pm ET · SEC source
$1.29
Miss −0.52%
EPS · est. $1.30
$1.4B
Miss −0.36%
Revenue · est. $1.4B
−1.8%
Trailing market
BRO vs S&P since report
4 quarters
Consecutive EPS beats

How Did BRO Stock React to Q1 2025 Earnings?

% change · around the report
−6%−3%0Apr 28Apr 29report 5:03pm ETearnings+0.8%−5.8%
−6%−3%0Apr 28Apr 29earnings+0.8%−5.8%
BRO −5.8%S&P 500 +0.8%
−6%−3%0Apr 28Apr 29report 5:03pm ETearnings+0.8%−5.8%
−6%−3%0Apr 28Apr 29earnings+0.8%−5.8%
BRO −5.8%NASDAQ +0.8%
−6%−3%0+3%Apr 28May 6report 5:03pm ETearnings+1.4%−2.3%
−6%−3%0+3%Apr 28May 6earnings+1.4%−2.3%
BRO −2.3%S&P 500 +1.4%
−6%−3%0+3%Apr 28May 6report 5:03pm ETearnings+2.0%−2.3%
−6%−3%0+3%Apr 28May 6earnings+2.0%−2.3%
BRO −2.3%NASDAQ +2.0%
−6.00%
Day of report
+2.42%
Next session
+2.21%
One week
+4.55%
30 days

S&P 500 over the same 30 days: +6.33%.

Did BRO Beat Earnings? Q1 2025 Results

No. Brown & Brown reported Q1 2025 earnings of $1.29 a share on Apr 28, 2025, missing the $1.30 consensus estimate by 0.5%. Revenue was $1.4B against a $1.4B estimate.

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.

Key Takeaways
  • Organic Revenue growth of 6.5% driven by core commissions and fees
  • Commissions and fees increased 12.0% year-over-year to $1,385 million
  • Acquisition contributions of $79 million to core commissions and fees
  • EBITDAC Margin - Adjusted expanded to 38.1% from 37.0%
  • Income Before Income Taxes Margin increased to 30.4% from 28.9%

“We continue to execute our plan and are pleased with our performance for the quarter.”

Brown & Brown CEO, on the earnings call

BRO YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$400.0M$800.0M$1.2B$1.2B$1.4BRevenue$391.0M$427.0MOperating Income$293.0M$331.0MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income
BRO income statement, Q1 2025 versus Q1 2024
Metric Q1 2025 Q1 2024 Year over year
Revenue $1.4B $1.2B +13.5%
Operating Income $427.0M $391.0M +9.2%
Net Income $331.0M $293.0M +13.0%

Figures from SEC filings and company reports. Not investment advice.