Brown & Brown said commissions and fees for the quarter ended June 30, 2025 increased $95 million to $1,249 million, or 8.2%, compared with the same period in the prior year, and consolidated Organic Revenue growth was 3.6%.

1. 01

   Brown & Brown said commissions and fees for the quarter ended June 30, 2025 increased $95 million to $1,249 million, or 8.2%, compared with the same period in the prior year, and consolidated Organic Revenue growth was 3.6%.

2. 02

   The company said income before income taxes for Q2 2025 decreased $35 million, or 10.1%, compared with the same period in the prior year, and cited the gain on disposal in Q2 2024 and Acquisition/Integration Costs associated with the pending acquisition of Accession as factors. Other operating expenses for Q2 included Acquisition/Integration Costs of $37 million.

3. 03

   Brown & Brown closed a follow-on offering of 43,137,254 shares of common stock on June 12, 2025, raising net proceeds of $4,315 million, and said the balance of senior notes as of June 30 was $4,200 million (before debt discount). The company said it plans to use these funds and cash on hand to pay the cash consideration for the acquisition of Accession.

4. 04

   Brown & Brown said cash and cash equivalents as of June 30, 2025 totaled $8,893 million, an increase of $8,218 million from $675 million at December 31, 2024, and cited proceeds from the follow-on common stock offering and senior notes issuance in Q2 as the reason for the increase. Total debt on the same date increased $7,545 million to $3,721 million.

Key figures

Quarter ended June 30, 2025

Revenue

$1.3B

Net income

$231M

EPS

$0.78

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.