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Friday 6 November 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.

Revenue
+7.41%
EPS
+9.04%
Free cash flow
+9.07%
Total debt
+0.40%

Quarter to September 2026, against a year earlier

72.15 2.23 −3.00%
Market cap
$24.7B
P/E
19.8×
Fwd P/E
20.5×
Dividend yield
0.94%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

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

Alert me on P/B ratio

As of 6 November 2026, Brown & Brown, Inc. (BRO) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 1.4× (May 2026) to 5.4× (March 2025); the current reading is higher than 6% of that period. That is below the Insurance Brokers industry median of 3.0× and above the Financial sector median of 1.3×.

P/B ratio, daily

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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
Sep 2026 1.6× (6.17%)
Jun 2026 1.7× (2.18%)
Mar 2026 1.7× (12.92%)
Dec 2025 2.0× (21.47%)
43 more quarters

Against its own ten years

Low 1.4× High 5.4×
Ten-year median 2.9×
Current reading's percentile 6

P/B ratio against peers

Company P/B ratio
BRO Brown & Brown, Inc. 1.9×
BWIN Baldwin Insurance Group, Inc. compare 2.1×
AJG Arthur J. Gallagher & Co. compare 3.0×
WTW Willis Towers Watson Public Limited Company compare 3.9×
ERIE Erie Indemnity Company compare 5.0×
RYAN Ryan Specialty Holdings Inc. compare 6.4×
MRSH Marsh compare 6.5×
AON Aon plc compare 7.0×
CRVL CorVel Corp. compare 9.8×
Insurance Brokers industry median 3.0×
Financial sector median 1.3×
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 →

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