The company presented 2025 Retail segment revenue growth of 24.8%, Organic Revenue growth of 2.8%, and EBITDAC Margin - Adjusted of 30.0%. Specialty Distribution was 19.5%, 2.8% and 43.1%, respectively.

1. 01

   The company presented 2025 Retail segment revenue growth of 24.8%, Organic Revenue growth of 2.8%, and EBITDAC Margin - Adjusted of 30.0%. Specialty Distribution was 19.5%, 2.8% and 43.1%, respectively.

2. 02

   Brown & Brown said it generated $1.5 billion in operating cash flow for 2025, up 24% from 2024, and that balance sheet cash was $1.1 billion as of December 31, 2025.

3. 03

   The company said $700 million was available as of December 31, 2025 under its $800 million maximum revolving credit facility. It said its target ratio of Net Debt Outstanding to EBITDAC is 0 to 2.5x, and the covenant ceiling under its financing agreements is 3.5x.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

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.