Highest-materiality recent filing
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 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%.
RSC reported Q1 2025 total revenues of $430.6M, up 18% YoY from $364.6M.
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).
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 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%.
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 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 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.
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 0.60 · Most common event earnings