R. Andrew Watts
In connection with the foregoing, effective on May 7, 2025, R. Andrew Watts, the Company’s current principal accounting officer, no longer serves as the Company’s principal accounting officer.
Highest-materiality recent filing
Shareholders approve 6.9M share increase to Brown & Brown stock incentive plan
Shareholders approved amendment to 2019 Stock Incentive Plan, increasing authorized shares by 6.9 million and extending term to May 6, 2036.
Brown & Brown Q1 revenue up 35.4% to $1.9B; organic revenue flat; adjusted EPS $1.39
Total revenue $1.9B (+35.4%), driven by acquisitions; organic revenue flat; organic revenue with contingents +2.2%.
Brown & Brown's 2025 Global Impact Report provides no new material financial information
Company issued its annual Global Impact Report on April 8, 2026, covering 2025 ESG performance.
Brown & Brown sets 2026 executive cash incentive targets and awards $19M in performance stock
2026 cash incentive targets: CEO J. Powell Brown $5.5M; three other NEOs $1.1-1.4M each.
Brown & Brown furnishes 2026 Company Overview presentation for investor meetings
Exhibit 99.1 titled 'Brown & Brown, Inc. 2026 Company Overview' was filed.
Brown & Brown Q4 rev $1.6B +35.7% but organic rev -2.8%; adj EPS +8.1% to $0.93
Q4 total revenues $1.607B (+35.7% YoY); organic revenue declined 2.8% to $1.079B.
Brown & Brown Q3 revenue $1.6B (+35.4%), organic growth 3.5%; adj. EPS $1.05 (+15.4%)
Q3 revenues $1.6B (+35.4% YoY), commissions and fees up 34.2%; organic revenue growth 3.5%.
Brown & Brown appoints Hearn as President of Retail Segment; Barrett Brown on personal leave
Stephen P. Hearn appointed President of Retail Segment, effective October 17, 2025.
RSC reported Q1 2025 total revenues of $430.6M, up 18% YoY from $364.6M.
Effective Q3 2025 (July 1, 2025), the company will report under two segments: Retail and Specialty Distribution.
Brown & Brown appoints Joia M. Johnson, 65, to board, increasing size to 14 directors
Board expanded from 13 to 14 directors; appointment effective August 13, 2025.
Brown & Brown closes $9.825B acquisition of Accession Risk Management Group
Total purchase price $9.825B; net merger consideration ~$4.7B ($3.5B cash + $1.2B stock).
Brown & Brown Q2 revenues $1.3B (+9.1%), GAAP EPS $0.78 (-13.3%), adjusted EPS $1.03 (+10.8%)
Organic Revenue growth of 3.6% in Q2; six-month organic growth of 5.1%.
Brown & Brown closes $4.2B multi-tranche note offering to fund RSC acquisition
Issued $4.2B in six tranches: 4.600% due 2026 ($400M) through 6.250% due 2055 ($1B); net proceeds ~$4.2B.
Brown & Brown prices $4.3B common stock offering and $4.2B notes offering to fund RSC acquisition
Sold 43.1M shares at $102/share for ~$4.3B; includes full exercise of underwriters' option for $400M.
Brown & Brown to acquire Accession Risk Management Group for $9.825 billion
Gross purchase price of $9.825B; net consideration ~$9.4B ($8.1B cash + ~$1.3B stock).
Paul M. Gallagher appointed principal accounting officer, effective May 7, 2025; he is VP, Controller & CAO.
Brown & Brown Q1 2025 revenue $1.4B (+11.6%); diluted EPS $1.15; adjusted EPS $1.29
Organic revenue growth of 6.5%; total commissions and fees up 12.0% to $1.385B.
Brown & Brown releases 2025 Global Impact Report; no specific ESG metrics disclosed
Issued annual Global Impact Report covering governance, environment, communities, and people initiatives.
Brown & Brown furnishes 2025 company overview presentation; no material updates disclosed
Filing includes a company overview presentation (Exhibit 99.1) used in investor meetings.
Stephen P. Hearn appointed EVP & COO effective March 3, 2025; resigned from board Feb 23, 2025.
Brown & Brown Q4 revenue $1.2B +15.4%; adjusted EPS $0.86 +24.6%
Q4 total revenues $1.184B (+15.4% YoY); organic revenue growth 13.8%.
Director Chilton D. Varner will not stand for re-election at Brown & Brown's 2025 annual meeting
Chilton D. Varner informed Brown & Brown on Jan 21, 2025 she will not stand for re-election at the 2025 Annual Meeting.
Brown & Brown Q3 2024 revenue $1.2B, up 11%; organic growth 9.5%; adjusted EPS $0.91, up 12.3%
Q3 total revenues $1.186B (+11% YoY); commissions and fees $1.155B (+10.1%).
Brown & Brown appoints Stephen P. Hearn to Board of Directors
Stephen P. Hearn, age 58, appointed to Brown & Brown board effective August 9, 2024.
Brown & Brown Q2 2024 revenue $1.2B (+12.5% YoY); adj. EPS $0.93 (+17.7%)
Total revenues $1.178B, up 12.5% YoY; organic revenue growth 10.0%.
Brown & Brown issues $600M 5.650% Senior Notes due 2034, net proceeds ~$593.2M
Issued $600M aggregate principal amount of 5.650% Senior Notes due June 11, 2034.
Brown & Brown prices $600M of 5.650% Senior Notes due 2034 to refinance near-term debt
$600M aggregate principal, 5.650% coupon, due 2034.
Brown & Brown annual meeting results: all director nominees elected, auditor ratified
All 14 director nominees elected; J. Hyatt Brown received 231.7M votes in favor.
Brown & Brown Q1 revenues $1,258M (+12.7%), organic growth 8.6%, EPS $1.02
Total revenues $1,258M (+12.7% YoY); organic revenue growth 8.6% driven by commissions and fees.
Director James C. Hays resigns from Brown & Brown Board and Acquisition Committee
James C. Hays resigned from the Board and Acquisition Committee effective April 9, 2024.
In connection with the foregoing, effective on May 7, 2025, R. Andrew Watts, the Company’s current principal accounting officer, no longer serves as the Company’s principal accounting officer.
On May 7, 2025, the Board of Directors (the “Board”) of Brown & Brown, Inc. (the “Company”) appointed Paul M. Gallagher as the Company’s principal accounting officer.
Mr. Hearn will become the Company's Executive Vice President and Chief Operating Officer, effective March 3, 2025.
On January 21, 2025, Chilton D. Varner informed Brown & Brown, Inc. (the “Company”) that she will not stand for re-election at the Company's 2025 Annual Meeting of Shareholders.
On August 9, 2024, the Board of Directors (the “Board”) of Brown & Brown, Inc., a Florida corporation (the “Company”), appointed Stephen P. Hearn, age 58, to serve as a director of the Company, effective immediately.
On April 9, 2024, James C. Hays notified the Board of Directors (the “Board”) of Brown & Brown, Inc. (the “Company”) of his decision to resign from the Board and as a member of the Board’s Acquisition Committee, effective immediately.
Max materiality 0.95 · Median 0.65 · Most common event earnings