Brown & Brown, Inc. (BRO)

NYSE: BRO · Insurance Agents, Brokers & Service · Daytona Beach, FL · filing with the SEC since 1994

Grade6.3

◀ Past 6.8● Present 6.4▶ Future 5.7

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in January.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 12, 2026	Feb 13, 2025	Feb 22, 2024	Feb 27, 2023	Feb 23, 2022	Feb 23, 2021	Feb 24, 2020	Feb 26, 2019	Feb 28, 2018	Feb 24, 2017
Revenue	5,902,000	4,805,000	4,257,000^r	3,573,000^r	3,051,400^r	2,613,400^r	2,392,171	2,014,246	1,881,347	1,766,629
For insurers
Premiums earned	83,000	77,000	28,000^r	26,400	18	16	13	17	13	18
Total operating expenses	·	·	3,111,000	2,697,300	2,288,600^r	1,989,300^r	1,866,242	1,551,784	1,431,625	1,343,130
Interest expense	297,000	193,000	190,000	141,000	65,000^r	59,000^r	63,660	40,580	38,316	39,481
Interest and investment income	132,000	93,000	52,000^r	7,000^r	1,100^r	2,800^r	5,780	2,746	1,626	1,456
Income before income taxes	1,371,000	1,303,000	1,146,000^r	876,000^r	762,800^r	624,100^r	525,929	462,462	449,722	423,499
Income tax expense	304,000	301,000	275,000^r	204,000^r	175,700^r	143,600^r	127,415	118,207	50,092	166,008
Net income including non-controlling interests	1,067,000	1,002,000	871,000^r	672,000^r	587,100^r	480,500^r	398,514	·	·	·
Net income to non-controlling interests	13,000	9,000	·	·	·	·	·	·	·	·
Net income	1,054,000	993,000	871,000^r	672,000^r	587,100^r	480,500^r	398,514	344,255	399,630	257,491
Net income to common shareholders	1,043,000	981,000	858,000^r	659,000^r	574,200^r	465,300^r	385,641	335,958	389,884	250,786
Earnings per share, basic	3.37	3.48	3.07	2.38	2.08	1.70	1.42	1.24	1.43^r	0.92^r
Earnings per share, diluted	3.16	3.46	3.05	2.37	2.07	1.69	1.40	1.22	1.40^r	0.91^r
Weighted average shares, basic	310,000,000	282,000,000	280,000,000^r	278,000,000^r	276,000,000^r	274,300,000^r	272,471^r	270,971,000	272,580,000^r	272,278,000^r
Weighted average shares, diluted	313,000,000	284,000,000	281,000,000^r	279,000,000^r	277,400,000^r	275,800,000^r	274,616,000^rb	275,521,000	277,586,000^r	275,608,000^r

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of Dec 2017.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNonoperating

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton BRO · research, not advice