Brown & Brown, Inc. announces 10% increase in quarterly cash dividend rate and authorization for up to $1.5 billion share buyback

Brown & Brown (NYSE:BRO) announced a 10% increase in its regular quarterly cash dividend to $0.165 per share, payable on November 12, 2025 to shareholders of record on November 5, 2025.

Rhea-AI Summary

Brown & Brown (NYSE:BRO) announced a 10% increase in its regular quarterly cash dividend to $0.165 per share, payable on November 12, 2025 to shareholders of record on November 5, 2025. This marks the company's 32nd consecutive annual dividend increase.

The board also authorized an additional $1.25 billion share repurchase program, bringing total buyback authorization to approximately $1.5 billion. Repurchases may occur via open-market purchases, block trades, accelerated share repurchase plans (up to $250 million each), negotiated transactions or Rule 10b5-1 plans, and will depend on market conditions, available stock and the company’s capital priorities.

Positive

• Dividend increase of 10% to $0.165 per quarter
• 32nd consecutive annual dividend increase
• Authorized $1.25B additional share repurchases (aggregate ~ $1.5B)

Negative

• Repurchases may use cash that could fund other capital needs
• Buybacks depend on market conditions and may not be fully executed

Argus Oct 23 session

-0.48% close to close Open Argus

Details

News Market Reaction – BRO

On Oct 23, the first trading day after this news, BRO closed 0.48% below the previous close.

Data tracked by StockTitan Argus for the Oct 23 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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DAYTONA BEACH, Fla., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Brown & Brown, Inc. (NYSE: BRO) (the “Company”) today announced that the board of directors has declared a regular quarterly cash dividend of $0.165 per share. The dividend is payable on November 12, 2025, to shareholders of record on November 5, 2025. The dividend represents a 10% increase from the previous regular quarterly cash dividend of $0.15 per share and is Brown & Brown’s 32nd consecutive annual dividend increase.

The Company also today announced that, as part of its disciplined capital allocation strategy, the board of directors has authorized the purchase of up to an additional $1.25 billion of the Company's outstanding common stock. With this authorization, the Company will now have outstanding approval to purchase up to approximately $1.5 billion, in the aggregate, of the Company's outstanding common stock. The shares will be repurchased from time to time, at the Company’s discretion and subject to the availability of stock, market conditions, the trading price of the stock and alternative uses for capital, as well as the Company’s financial performance and objectives to reduce dilution from the Company's employee equity incentive plans, decrease outstanding shares or manage other potential factors. These purchases may be carried out through open market purchases, block trades, accelerated share repurchase plans of up to $250 million each (unless otherwise approved by the board of directors), negotiated private transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

About Brown & Brown, Inc.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at bbrown.com.

For more information:

R. Andrew Watts
Chief Financial Officer
(386) 239-5770

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Brown & Brown (BRO) declare on October 22, 2025?

Brown & Brown declared a regular quarterly cash dividend of $0.165 per share, a 10% increase from $0.15.

When is the Brown & Brown (BRO) dividend payable and what is the record date?

The dividend is payable on November 12, 2025 to shareholders of record on November 5, 2025.

How much additional share buyback did Brown & Brown (BRO) authorize on October 22, 2025?

The board authorized an additional $1.25 billion of repurchases, bringing aggregate authorization to approximately $1.5 billion.

What buyback methods may Brown & Brown (BRO) use for the $1.25B authorization?

Repurchases may be via open-market purchases, block trades, negotiated transactions, accelerated share repurchase plans (up to $250M each) or Rule 10b5-1 plans.

What does the BRO buyback authorization mean for shareholders in the near term?

The authorization enables the company to reduce outstanding shares or offset equity dilution, subject to availability, market conditions and capital priorities.