Highest-materiality recent filing
Brown & Brown ups revolving credit to $1.25B; adds $500M term loans through 2031
Revolving credit facility increased from $800M to $1.25B; maturity extended to June 5, 2031.
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.
Brown & Brown realigns from 4 to 3 segments; provides recast historical financials for 2019-2023
Services segment eliminated; ongoing operations folded into Retail; divested businesses moved to Programs.
Brown & Brown Q4 revenue $1.03B (+13.8% YoY), adj EPS $0.58 (+16%); FY revenue $4.26B (+19.1%)
Q4 organic revenue grew 7.7%; full-year organic growth 10.2%.
Brown & Brown Q3 revenue $1.07B (+15.1% YoY); adj. diluted EPS $0.71 (+42%)
Total revenues $1,067.7M, up 15.1% YoY; organic revenue growth 9.6%.
Brown & Brown Q2 revenue up 24.7% to $1.05B, adjusted EPS $0.68 (+33.3%)
Total revenue $1,047.3M (+24.7%), Organic Revenue growth 11.2%.
Brown & Brown Q1 revenue up 23.4%, diluted EPS $0.83, organic growth 12.6%
Total revenues $1,116M (+23.4% YoY); organic revenue growth 12.6%.
Brown & Brown Q4 revenue $901.4M (+22.1%), adjusted EPS $0.50 (+28.2%)
Q4 revenue $901.4M (+22.1%); commissions & fees +21.3%; organic revenue +7.8%.
Brown & Brown appoints Jaymin Patel to board; Hugh Brown becomes emeritus
Board expanded from 12 to 13 directors; appointed Jaymin B. Patel (age 55), effective Jan 17, 2023.
Brown & Brown Q3 revenue up 20.4% to $927.6M; adj. EPS down 13.8% on Hurricane Ian costs
Diluted EPS of $0.57; adjusted EPS of $0.50 (down 13.8% YoY) due to ~$15M profit-sharing hit and ~$11.5M captive losses from Hurricane Ian.
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.
On January 12, 2024, the Board appointed Kathleen A. Savio, age 58, to serve as a director of the Company, effective immediately.
On June 13, 2023, the Board appointed Paul J. Krump, age 63, and Bronislaw E. Masojada, age 61, to each serve as a director of the Company, effective immediately.
On June 13, 2023, the Board appointed Paul J. Krump, age 63, and Bronislaw E. Masojada, age 61, to each serve as a director of the Company, effective immediately.
On January 18, 2023, Hugh M. Brown informed the Company that he will not stand for re-election at the Company's 2023 Annual Meeting of Shareholders.
appointed Jaymin B. Patel, age 55, to serve as a director of the Company, effective immediately.
Max materiality 0.95 · Median 0.57 · Most common event earnings