Pricing Log in Create free account
Saturday 17 October 2026 Export BRO’s income statement to Excel — free account

Brown & Brown, Inc.

BRO Financial Insurance Brokers

Brown & Brown, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.9 billion, up 22.8% from fiscal 2024. In the quarter to June 2026, revenue grew 30.4%, EPS grew 8.86%, free cash flow grew 6.75% and total debt rose 2.84%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.

69.40 1.42 +2.09%
Market cap
$22.8B
P/E
19.3×
Fwd P/E
17.6×
Dividend yield
0.95%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Brown & Brown, Inc. (BRO) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Brown & Brown, Inc. (BRO) trades at a P/B ratio of 1.8×. Over the past ten years it has ranged from 1.4× (May 2026) to 5.4× (March 2025); the current reading is higher than 5% of that period. That is below the Insurance Brokers industry median of 2.9× and above the Financial sector median of 1.2×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 2.0× (56.03%)
FY2024 4.5× 25.87%
FY2023 3.6× 3.86%
FY2022 3.4× (26.03%)
FY2021 4.6× 33.42%
FY2020 3.5× 7.89%
FY2019 3.2× 29.01%
FY2018 2.5× (7.67%)
FY2017 2.7× 4.26%
FY2016 2.6× 25.64%

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.7× (2.18%)
Mar 2026 1.7× (12.92%)
Dec 2025 2.0× (21.47%)
Sep 2025 2.5× (10.21%)
42 more quarters

Against its own ten years

Low 1.4× High 5.4×
Ten-year median 2.9×
Current reading's percentile 5

P/B ratio against peers

Company P/B ratio
BRO Brown & Brown, Inc. 1.8×
BWIN Baldwin Insurance Group, Inc. compare 2.1×
AJG Arthur J. Gallagher & Co. compare 2.7×
WTW Willis Towers Watson Public Limited Company compare 3.8×
ERIE Erie Indemnity Company compare 4.6×
ARX Accelerant Holdings compare 5.8×
MRSH Marsh compare 5.8×
AON Aon plc compare 6.4×
CRVL CorVel Corp. compare 9.9×
Insurance Brokers industry median 2.9×
Financial sector median 1.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on BRO