Brown & Brown, Inc., an insurance brokerage and risk management firm, reported total revenue of $1.6 billion under US GAAP for the third quarter of 2025, representing a 35.4% increase compared to the same period a year earlier.
Income before income taxes was $311 million, down 1.9% from $317 million in Q3’24, with the income before income taxes margin decreasing to 19.4% from 26.7%.
EBITDAC – Adjusted stood at $587 million, up 41.8% from $414 million a year earlier, with the EBITDAC Margin – Adjusted increasing to 36.6% from 34.9%.
Net income attributable to the company amounted to $227 million, down 3% from $234 million, while diluted net income per share decreased 16.0% to $0.68 from $0.81.
Commissions and fees increased to $1.55 billion, up from $1.16 billion.
J. Powell Brown, President and Chief Executive Officer of Brown & Brown, said, “We are very excited to welcome over 5,000 new teammates to our organization in the third quarter. We continue to deliver our solutions for our customers locally, but draw upon enhanced global capabilities. We are pleased with our overall growth, profitability and cash flow conversion.”
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