Brown & Brown completes RSC acquisition on August 1, 2025; posts audited and unaudited financials of RSC

BROWN & BROWN, INC.

RSC reported Q1 2025 total revenues of $430.6M, up 18% YoY from $364.6M.
RSC Q1 2025 net loss $97.3M (vs $63.4M loss Q1 2024) on $110.7M interest expense.
As of March 31, 2025: RSC total assets $7.22B, total debt $4.64B, shareholders' deficit $327M.
Pro forma combined financial statements filed, giving effect to transaction as of January 1, 2024.
Purchase agreement obligations fair value at March 31, 2025: $407.3M; $168.6M paid in Q1 2025.

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