# BROWN & BROWN, INC.

Summary updated: 2026-10-04T09:43:41.553054Z
Canonical: https://finbar.com/research/companies/brown-brown

## Overview

Brown & Brown, Inc. is an insurance intermediary and services company that distributes insurance and related solutions, rather than primarily underwriting risk. Its business includes property and casualty insurance, employee benefits, wholesale brokerage, insurance programs, reinsurance and other specialty services. It operates through Retail and Specialty Distribution, serving businesses, public-sector and individual clients. [1](https://app.finbar.com/go?id=P143409059)[2](https://app.finbar.com/go?id=P103282376)[3](https://app.finbar.com/go?id=P37610686)

Founded in 1939, the company describes its mission as delivering innovative solutions through a trusted team. Brown & Brown reported $5.902 billion in revenue for 2025; its official company pages describe a workforce of more than 16,000 and a network of over 500 office locations globally. [4](https://us.bbrown.com/about/)[5](https://app.finbar.com/go?id=T4626793)[6](https://us.bbrown.com/careers/)[7](https://bbrown.com/uk/introducer/)
[1](https://app.finbar.com/go?id=P143409059)[2](https://app.finbar.com/go?id=P103282376)[3](https://app.finbar.com/go?id=P37610686)[5](https://app.finbar.com/go?id=T4626793)[4](https://us.bbrown.com/about/)[6](https://us.bbrown.com/careers/)[7](https://bbrown.com/uk/introducer/)

## Products & services

Brown & Brown arranges property-and-casualty insurance, including property, casualty, workers’ compensation, surety, aviation, cyber, executive liability, multinational, and private-equity and mergers-and-acquisitions coverages. Its employee-benefits offerings include group health, voluntary and pharmacy benefits, retirement, international benefits, employer stop-loss, and long-term care; personal-lines offerings include homeowners, automobile, flood, and personal excess-liability coverage. The company also lists analytics and modeling, risk services, alternative-risk and captive solutions, benefit design and delivery, regulatory strategy, and population-health and well-being capabilities. [8](https://app.finbar.com/go?id=T8406379)[1](https://app.finbar.com/go?id=P143409059)

Services include risk-management strategy, loss-control surveys and analysis, coverage-placement consultation, and claims processing. Its Specialty Distribution businesses provide program development, underwriting and administration for specialized markets, including professional-liability and package programs, event and cyber coverage, property and earthquake insurance, commercial and workers’ compensation programs, public-entity pools, excess-and-surplus placement, reinsurance, travel and accident coverage, warranties, and captive administration. The company also offers non-insurance warranty products through automobile and recreational-vehicle dealers. [3](https://app.finbar.com/go?id=P37610686)[9](https://app.finbar.com/go?id=P89031044)[10](https://app.finbar.com/go?id=P120304492)[11](https://app.finbar.com/go?id=P39065215)[12](https://app.finbar.com/go?id=P112668467)[13](https://app.finbar.com/go?id=P30062220)[14](https://app.finbar.com/go?id=P115686311)[15](https://app.finbar.com/go?id=P100331270)[16](https://app.finbar.com/go?id=P86867396)[17](https://app.finbar.com/go?id=P49031672)[18](https://app.finbar.com/go?id=P30126784)[19](https://app.finbar.com/go?id=P99115312)[20](https://app.finbar.com/go?id=P75836293) Its stated risk-management approach combines analytics, claims, loss control, and safety to identify exposures and help manage total cost. [21](https://us.bbrown.com/solutions)[22](https://us.bbrown.com/solutions/risk-management-services/)

The 2025 annual report disclosures indicate that approximately 77% of Retail commissions and fees revenue was commission-based; finance-and-insurance businesses generated less than 4% of company annual revenue; and the National Flood Insurance Program, Social Security disability, and federal crop-insurance programs together accounted for less than 5%. These are business or program-level disclosures, not revenue shares for individual product lines. [1](https://app.finbar.com/go?id=P143409059)[3](https://app.finbar.com/go?id=P37610686)[9](https://app.finbar.com/go?id=P89031044)
[8](https://app.finbar.com/go?id=T8406379)[1](https://app.finbar.com/go?id=P143409059)[3](https://app.finbar.com/go?id=P37610686)[9](https://app.finbar.com/go?id=P89031044)[10](https://app.finbar.com/go?id=P120304492)[11](https://app.finbar.com/go?id=P39065215)[12](https://app.finbar.com/go?id=P112668467)[13](https://app.finbar.com/go?id=P30062220)[14](https://app.finbar.com/go?id=P115686311)[15](https://app.finbar.com/go?id=P100331270)[16](https://app.finbar.com/go?id=P86867396)[17](https://app.finbar.com/go?id=P49031672)[18](https://app.finbar.com/go?id=P30126784)[19](https://app.finbar.com/go?id=P99115312)[20](https://app.finbar.com/go?id=P75836293)[21](https://us.bbrown.com/solutions)[22](https://us.bbrown.com/solutions/risk-management-services/)

## Geographic presence

At year-end 2025, Brown & Brown reported 468 U.S. locations across 47 states and 246 international locations across 15 countries or territories. Its principal executive office is in Daytona Beach, Florida. [23](https://app.finbar.com/go?id=P109201247) [24](https://app.finbar.com/go?id=P143408914) The company states that most of its operations are in the United States. International Retail operations were based in Bermuda, Canada, the Cayman Islands, India, the Netherlands, the Republic of Ireland and the United Kingdom. Specialty Distribution operations were in Belgium, Canada, France, Germany, Hong Kong, Italy, Malaysia, the Netherlands, Singapore, the United Arab Emirates and the United Kingdom. [25](https://app.finbar.com/go?id=P49295063)

International operations generated $843 million in 2025, compared with $665 million in 2024 and $527 million in 2023. The filing reports international revenue in aggregate rather than by country or region. [25](https://app.finbar.com/go?id=P49295063) At December 31, 2025, the Retail segment had 14,531 employees; the filing does not provide a country-level employee distribution. [9](https://app.finbar.com/go?id=P89031044)

The Q2 2026 Form 10-Q describes a similar international operating footprint and reports international revenue of $491 million for the six months ended June 30, 2026, compared with $442 million for the same period in 2025. [26](https://app.finbar.com/go?id=P143409200)
[23](https://app.finbar.com/go?id=P109201247)[24](https://app.finbar.com/go?id=P143408914)[25](https://app.finbar.com/go?id=P49295063)[9](https://app.finbar.com/go?id=P89031044)[26](https://app.finbar.com/go?id=P143409200)

## Business segments

Brown & Brown’s 2025 reporting identifies two reportable segments. Retail provides insurance and risk-management products and services to commercial, public and quasi-public entities and individuals, including property and casualty, reinsurance, employee benefits, private-client, captive and consulting services, as well as dealer finance-and-insurance products and services. Retail generated approximately $3,406 million, or 57.7% of consolidated revenue of $5,902 million, in 2025. [2](https://app.finbar.com/go?id=P103282376)[27](https://app.finbar.com/go?id=T10478441)

Specialty Distribution comprises Programs, Wholesale Brokerage and specialty businesses. Programs provide targeted products and services through managing general underwriters and other distribution channels; Wholesale Brokerage places excess-and-surplus coverage, including for specialized or hard-to-place risks; and specialty businesses include affinity and administrative services, captives, reinsurance, travel and accident, warranty, and life and health. The segment generated approximately $2,409 million, or 40.8% of consolidated revenue. The company reports a further $87 million as “Other” in its revenue reconciliation, about 1.5% of consolidated revenue; this is not identified there as a reportable segment. [2](https://app.finbar.com/go?id=P103282376)[27](https://app.finbar.com/go?id=T10478441)

The company changed its segment structure in the third quarter of 2025, combining its former Programs and Wholesale Brokerage segments into Specialty Distribution; the two reportable segments thereafter were Retail and Specialty Distribution. The full-year 2025 segment revenue figures above are reported for the combined structure, not separately for Programs and Wholesale Brokerage. [28](https://app.finbar.com/go?id=P93620849)
[2](https://app.finbar.com/go?id=P103282376)[27](https://app.finbar.com/go?id=T10478441)[27](https://app.finbar.com/go?id=T10478441)[27](https://app.finbar.com/go?id=T10478441)[27](https://app.finbar.com/go?id=T10478441)[28](https://app.finbar.com/go?id=P93620849)

## Company history

Brown & Brown was founded in Daytona Beach, Florida, in 1939 as Brown & Owen, an agency established by Adrian Brown and his cousin Charles “Cov” Owen. J. Hyatt Brown joined the business in 1959, acquired the agency in 1961, and expanded it in 1965 through the purchase of the Cook Agency in Bunnell, Florida. [4](https://us.bbrown.com/about/)

In 1993, Brown & Brown merged with Poe & Associates and became Poe & Brown; the company’s history describes public stock as a source of capital for subsequent expansion through acquisitions. J. Powell Brown succeeded J. Hyatt Brown as CEO in 2009, while Hyatt became chairman. [4](https://us.bbrown.com/about/)[29](https://app.finbar.com/go?id=P50831603)

The company expanded internationally with its 2022 acquisitions of Global Risk Partners in the UK and BdB, which had operations in Belgium and Italy. It completed the acquisition of Dutch intermediary Quintes in 2024. [30](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-completes-acquisition-global-risk-partners/)[31](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-enters-agreement-acquire-bdb-limited-companies)[32](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-completes-acquisition-quintes-holding-bv)

On August 1, 2025, Brown & Brown completed its acquisition of RSC, the holding company for Accession Risk Management Group, including Risk Strategies and One80 Intermediaries. Its 2025 Form 10-K reports a purchase price of $9.608 billion for the acquisition. [33](https://app.finbar.com/go?id=P72300838)[34](https://app.finbar.com/go?id=P104356283)
[29](https://app.finbar.com/go?id=P50831603)[33](https://app.finbar.com/go?id=P72300838)[34](https://app.finbar.com/go?id=P104356283)[4](https://us.bbrown.com/about/)[30](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-completes-acquisition-global-risk-partners/)[31](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-enters-agreement-acquire-bdb-limited-companies)[32](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-completes-acquisition-quintes-holding-bv)

## Sources

1. [BROWN & BROWN, INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143409059)
2. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P103282376)
3. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37610686)
4. [us.bbrown.com](https://us.bbrown.com/about/)
5. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4626793)
6. [us.bbrown.com](https://us.bbrown.com/careers/)
7. [bbrown.com](https://bbrown.com/uk/introducer/)
8. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8406379)
9. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P89031044)
10. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P120304492)
11. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39065215)
12. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112668467)
13. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30062220)
14. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P115686311)
15. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P100331270)
16. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86867396)
17. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49031672)
18. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30126784)
19. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99115312)
20. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75836293)
21. [us.bbrown.com](https://us.bbrown.com/solutions)
22. [us.bbrown.com](https://us.bbrown.com/solutions/risk-management-services/)
23. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P109201247)
24. [BROWN & BROWN, INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143408914)
25. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49295063)
26. [BROWN & BROWN, INC. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143409200)
27. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10478441)
28. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P93620849)
29. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50831603)
30. [investor.bbrown.com](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-completes-acquisition-global-risk-partners/)
31. [investor.bbrown.com](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-enters-agreement-acquire-bdb-limited-companies)
32. [investor.bbrown.com](https://investor.bbrown.com/news-releases/news-release-details/brown-brown-inc-completes-acquisition-quintes-holding-bv)
33. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72300838)
34. [BROWN & BROWN, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P104356283)

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