Here are the 10-K annual reports from Brown & Brown, Inc. (BRO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BRO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BRO filings page.
Brown & Brown, Inc. is a diversified insurance broker and services firm that generated $5,763 million of commissions and fees in 2025, led by its Retail segment with $3,386 million and Specialty Distribution with $2,379 million. International operations contributed $843 million of revenue.
The company reorganized into two reportable segments following its acquisition of RSC Topco, Inc. (Accession) and ended 2025 with 22,888 employees across extensive U.S. and international locations. Total debt reached $7,613 million, reflecting financing for the Accession transaction.
Brown & Brown highlights numerous risks, including integration and underwriting risks tied to Accession and captive insurance structures, higher leverage from acquisition financing, intense competition, technology and cybersecurity threats, regulatory and international compliance challenges, and human-capital priorities around talent retention, culture, diversity and mental health.