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Insurance broker Brown & Brown reported revenues of $1.6 billion during the third quarter – an increase of $420 million or 35.4% from Q3 2024.

Commissions and fees rose by 34.2% with organic revenue increasing by 3.5%, a dip from the 9.5% organic revenue growth reported during the same period last year.

Net income attributable to the company during Q3 2025 was $227 million, decreasing $7 million, or 3.0%. Adjusted net income per per share increased to $1.05, or 15.4%.

Nine Month Figures

Revenues for the nine months ended September 30, 2025 – under U.S. generally accepted accounting principles (GAAP) – were $4.3 billion, increasing $673 million, or 18.6%, compared to the same period in 2024.

Commissions and fees rose by 18.0%, with organic revenue up by 4.6% during the nine-month period (compared with organic revenues growth of 9.4% last year).

Net income attributable to the company was $790 million, an increase of $7 million, or 0.9%, during the nine months. Adjusted earnings per share increased to $3.33, or 11.7%.

“We are very excited to welcome over 5,000 new teammates to our organization in the third quarter,” commented J. Powell Brown, president and chief executive officer of Brown & Brown in a statement. “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.”

Topics Profit Loss