Welcome to our dedicated page for Brown & Brown news (Ticker: BRO), a resource for investors and traders seeking the latest updates and insights on Brown & Brown stock.
Brown & Brown, Inc. reports developments from a diversified insurance agency, wholesale brokerage and insurance programs organization serving commercial, public-sector, professional and individual customers. Recurring updates cover Retail and Specialty Distribution activity, organic revenue trends, adjusted earnings measures, Organic Revenue with Contingents, dividends and share repurchase actions.
Company announcements also include acquisition activity within insurance distribution and dealer services, including asset purchases that expand product channels for vehicle, recreational vehicle, boat and motorcycle dealerships. Governance and operating updates address legal, compliance, enterprise risk management, technology, data and artificial intelligence initiatives across the organization.
Brown & Brown (NYSE: BRO) named Steve Hearn president of its Retail segment while he continues as chief operating officer, effective Oct. 20, 2025. The move is described as strategic to ensure business continuity and to drive growth, scale and operational excellence. Hearn brings a 35-year track record and will also oversee integration of Accession Risk Management Group. He will split time between London (UK/Europe) and the United States (based at Daytona Beach headquarters), with plans for a full relocation to Daytona Beach following required work visa approvals. Barrett Brown, the prior Retail president, is taking a personal leave of absence.
Brown & Brown (NYSE:BRO) has announced significant leadership appointments in its Retail segment, following the integration of Risk Strategies acquisition. The company has named several executives to positions of Retail Senior Leaders (RSLs) and Retail Vice Presidents (RVPs), including John Mina, John Greenbaum, John Scroope, and John Vaglica as RSLs.
Additionally, Mark Manzi has been appointed as North American Retail Brokerage Leader, overseeing carrier relationships across Property & Casualty, Employee Benefits, and Personal Lines. The appointments aim to strengthen the company's foundation for scalable growth, enhance collaboration, and improve customer service delivery across all business lines.
Brown & Brown (NYSE:BRO) has scheduled its 2025 third-quarter earnings release for Monday, October 27, 2025, after market close. The company will host an investor update conference call on Tuesday, October 28, 2025, at 8:00 a.m. EDT.
The conference call will feature CEO J. Powell Brown and CFO R. Andrew Watts discussing the company's Q3 2025 financial results. Investors can access the live broadcast through Brown & Brown's website, with a replay available for 14 days after the event.
Brown & Brown (NYSE:BRO) has been named to the 2025 Fortune Best Workplaces in Financial Services & Insurance List for the sixth consecutive year. The recognition is based on survey responses from over 194,000 employees at Great Place To Work Certified companies in the industry.
The company's recently acquired entities, Accession Risk Management Group, including Risk Strategies and One80 Intermediaries, have also earned this recognition. Additionally, Brown & Brown received the 2024-2025 Platinum Level Bell Seal for Workplace Mental Health by Mental Health America for the third consecutive year.
Brown & Brown (NYSE:BRO) has announced a significant leadership change, appointing Chief Operating Officer Steve Hearn to lead all operations outside of North America across both Retail and Specialty Distribution segments, effective immediately.
The strategic move aims to leverage Hearn's extensive global market experience and relationships to drive international growth, strengthen the company's worldwide market position, and enhance value for stakeholders. CEO Powell Brown emphasized that this appointment will enable the company to better capitalize on global capabilities and further invest in international markets.
Brown & Brown (NYSE:BRO) has appointed Joia M. Johnson to its board of directors. Johnson, the retired chief legal officer and chief administrative officer of Hanesbrands Inc., brings extensive leadership experience and board expertise to the company.
Johnson served as Hanes' chief administrative officer from 2016 to 2021 and its chief legal officer, general counsel and corporate secretary from 2007 to 2021. She currently serves on the boards of Global Payments Inc., Sylvamo Corporation, and Regions Financial Corp., demonstrating her broad corporate governance experience across multiple industries.
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.