Brown & Brown Inc Stock Price, News & Analysis

Brown & Brown (NYSE:BRO) has completed the acquisition of Accession Risk Management Group from Kelso & Company for $9.83 billion in a primarily cash transaction. This represents one of the largest private equity exits in insurance brokerage history.

Accession, previously known as Risk Strategies, operates through two main subsidiaries: Risk Strategies, a retail brokerage offering comprehensive risk management services, and One80 Intermediaries, a leading insurance wholesaler. Under Kelso's ownership since 2015, Accession grew significantly, increasing revenue from $130 million to $1.7 billion through organic growth and over 180 acquisitions. The company expanded from 500 to approximately 5,500 employees.

Brown & Brown (NYSE:BRO) has announced that its subsidiary Brown & Brown Dealer Services (BBDS) has acquired the assets of Tire Shield, a company specializing in administrative services for tire and wheel road hazard products and GAP waiver products in the RV, Automotive, and Power Sports Industries.

Founded in 1997, Tire Shield will continue operations from their Las Vegas offices, with the team reporting to William Kelly, president of BBDS's administrative services. The acquisition enables BBDS to expand its service portfolio by adding GAP waiver administration services to complement its existing vehicle service contract administration services.

Brown & Brown (NYSE:BRO) has successfully completed its previously announced acquisition of RSC Topco, the holding company for Accession Risk Management Group. The acquisition strengthens Brown & Brown's position as a leading insurance brokerage firm.

Following the acquisition, Brown & Brown now operates across more than 700 locations with a workforce exceeding 23,000 professionals. The company continues to focus on delivering comprehensive insurance solutions and specialized services to its customers.

Brown & Brown (NYSE:BRO) reported Q2 2025 financial results with total revenues of $1.3 billion, up 9.1% year-over-year. The company achieved Organic Revenue growth of 3.6% and diluted net income per share of $0.78. Key highlights include:

The company's EBITDAC - Adjusted increased 12.1% to $471 million, with EBITDAC Margin - Adjusted improving to 36.7% from 35.7%. While net income decreased 10.1% to $231 million, Diluted Net Income Per Share - Adjusted rose 10.8% to $1.03. For the six-month period, revenues grew 10.4% to $2.7 billion with 5.1% Organic Revenue growth.

The company is preparing for its pending acquisition of RSC Topco, Inc., with significant cash position bolstered by recent follow-on stock offering and senior notes issuance.

Brown & Brown (NYSE:BRO) has announced its regular quarterly cash dividend. The company's board of directors has declared a dividend of $0.15 per share, which will be paid on August 20, 2025, to shareholders of record as of August 13, 2025.

Brown & Brown (NYSE:BRO) has announced the schedule for its 2025 second-quarter earnings release and conference call. The company will release its Q2 2025 financial results on Monday, July 28, 2025, after market close.

The investor update conference call will be held on Tuesday, July 29, 2025, at 8:00 a.m. EDT. The call will be hosted by J. Powell Brown, President and CEO, and R. Andrew Watts, Executive Vice President and CFO. Investors can access the live broadcast through the company's website at www.bbrown.com under the Investor Relations section. A replay of the conference call will be available on the company's website for 14 days following the live broadcast.

Brown & Brown (BRO), a leading global insurance brokerage, has selected Certificate Hero's SaaS platform to modernize its certificate of insurance (COI) issuance process. The partnership aims to streamline operations through intelligent automation that integrates with Brown & Brown's existing agency management systems. Certificate Hero's technology will help automate manual workflows, speed up certificate delivery, and enhance accuracy across operations. The implementation aligns with Brown & Brown's customer-first approach and demonstrates their commitment to adopting transformative technologies to meet evolving commercial insurance needs.

Brown & Brown (NYSE: BRO) has formed a strategic partnership with WireX Systems to enhance cyber risk management and insurance solutions. WireX Systems, known for its advanced cybersecurity and incident response capabilities, will combine its expertise with Brown & Brown's analytics and brokerage services. The collaboration aims to help organizations respond to cyber incidents more effectively while translating cybersecurity maturity into measurable financial benefits. Brown & Brown, a leading insurance brokerage firm established in 1939, operates across 500+ locations with 17,000+ professionals. The partnership will focus on providing clearer insights into cybersecurity ROI and bridging the gap between technical preparedness and financial resilience in cyber risk management.

Brown & Brown (NYSE: BRO) has announced a significant public offering of 39,215,686 shares of common stock priced at $102.00 per share, aiming to raise $4 billion. The offering, expected to close on June 12, 2025, includes a 30-day option for underwriters to purchase up to an additional $400 million in shares. Led by J.P. Morgan and BofA Securities, the offering's net proceeds of approximately $3.9 billion will primarily fund the acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group. The company has filed the necessary documentation with the SEC, including an automatic shelf registration statement and prospectus supplements.