Brown & Brown, Inc. (BRO) company profile
Close on Nov 13, 2026Market cap $23.86BP/E 21.5Yield 0.86%
About Brown & Brown
Insurance Agents, Brokers & Service, SIC 6411
Brown & Brown, Inc. is an insurance intermediary and services organization that markets and provides insurance products and risk management solutions. The company conducts business through operating segments that include its Retail and Specialty Distribution segments. Its service offerings include insurance policy placement, employee benefit solutions, specialized program distribution, flood insurance administration through federal programs, and related claim and risk transfer services. The firm serves a wide array of clients across commerce, industry, government, professional sectors, and individual policyholders seeking specialized coverage solutions.
The company conducts business activities across the United States and maintains international operations in jurisdictions including the United Kingdom and Bermuda. It delivers services through extensive regional offices, retail agencies, and specialty underwriting platforms. Brown & Brown, Inc. maintains its principal executive offices and global headquarters at 300 North Beach Street in Daytona Beach, Florida.
Summary of the business section of Brown & Brown's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Brown & Brown, Inc.
- Founded
- 1939
- Headquarters
- Daytona Beach, FL
- Address
- 300 N. Beach Street 32114
- Phone
- (386) 252-9601
- Website
- bbrown.com
- Employees
- 22,888, Dec 31, 2025
- Industry
- Insurance Agents, Brokers & Service
- Incorporated in
- Florida
- Fiscal year ends
- January 19
- Auditor
- Deloitte & Touche LLP, Tampa, Florida, United States of America
Stock & identifiers
- Ticker
- BRO
- Exchange
- NYSE
- IPO date
- Feb 11, 1981
- Shares outstanding
- 332M, Oct 23, 2026
- Public float
- $31.62B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Mar 29, 2018; 2-for-1, Nov 29, 2005; 2-for-1, Nov 23, 2001; 2-for-1, Aug 24, 2000; 3-for-2, Mar 2, 1998; 5-for-4, May 30, 1991; 3-for-2, May 12, 1986; 3-for-2, Mar 24, 1983
- SEC CIK
- 79282
- CUSIP
- 115236101
- ISIN
- US1152361010
- FIGI
- BBG000BWSGF4
- Share class FIGI
- BBG001S5XFN0
- LEI
- 549300PC8KTJ71XKFY89
- EIN
- 59-0864469
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| J. Powell Brown | President and CEO, Director | 262,283 |
| Hyatt J. Brown | Chairman, Director | 37,825,102 |
| Julie Turpin | EVP/Chief People Officer | 41,828 |
| Stephen M. Boyd | EVP/Pres Spec Dist Segment | 60,568 |
| P. Barrett Brown | Executive Vice President | 1,901,576 |
| R. Andrew Watts | EVP, CFO and Treasurer | 93,425 |
| Jerome Scott Penny | EVP Chief Acquisitions Officer | 79,431 |
| Chris L. Walker | EVP/Chair Spec Dist Segment | 62,145 |
| Stephen Patrick Hearn | EVP, COO, Pres Retail Segment | 10,385 |
| Paul M. Gallagher | VP, Controller & CAO | 3,952 |
| IV Charles Robert Mathis | EVP and Chief Legal Officer | 5,081 |
| James S. Hunt | Director | 27,109 |
| Joia M. Johnson | Director | 3,294 |
| Jaymin B. Patel | Director | 6,957 |
| Toni Jennings | Director | 62,631 |
| Paul J. Krump | Director | 7,787 |
| Wendell Reilly | Director | 238,085 |
| Timothy R.M. Main | Director | 36,023 |
| Theodore J. Hoepner | Director | 97,185 |
| Bronislaw Edmund Masojada | Director | 10,109 |
| Kathleen A. Savio | Director | 5,109 |
| Lawrence L. Gellerstedt Iii | Director | 23,241 |
| H. Palmer Proctor Jr | Director | 50,055 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $8.64M | -$6.03M | $3.65M | $174 | $184 |
| FY2024 | $11.68M | $39.13M | $4.02M | $221 | $195 |
| FY2023 | $9.79M | $23.87M | $3.27M | $153 | $160 |
| FY2022 | $6.74M | -$5.30M | $4.73M | $122 | $145 |
| FY2021 | $9.20M | $32.78M | $3.51M | $149 | $141 |
| FY2020 | $7.25M | $15.11M | $2.57M | $121 | $112 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| J. Powell Brown Chief Executive Officer and President | $1.25M | $1.00M | $2.96M | $3.05M | $384.32K | $8.64M | -26% |
| R. Andrew Watts Chief Financial Officer Executive Vice President and Treasurer | $800.00K | $750.00K | $1.28M | $813.00K | $95.97K | $3.74M | -8% |
| P. Barrett Brown Executive Vice President | $1.00M | $500.00K | $690.28K | $1.25M | $56.78K | $3.50M | -15% |
| Stephen P. Hearn Executive Vice President; Chief Operating Officer and President – Retail Segment | $720.93K | $506.75K | $1.52M | $1.10M | $123.87K | $3.98M | – |
| Chris L. Walker Executive Vice President and Chairman – Specialty Distribution Segment | $900.00K | $400.00K | $887.61K | $1.14M | $70.43K | $3.40M | -27% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, Brown & Brown employed 22,888 individuals worldwide.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 5, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 27, 2014 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 8, 2013 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 12, 2012 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 20, 2005 | Deregistration | Termination of SEC registration (Form 15) |
| Nov 23, 2005 | Delisting | Notice of delisting from exchange (Form 25) |
| Aug 13, 2001 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Aug 2, 1999 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 15, 1999 | Name change | Name changed from POE & BROWN INC to BROWN & BROWN INC |
| Nov 17, 1997 | Listing | Registration of securities on an exchange (Form 8-A) |
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