BRO names Stephen P. Hearn to lead Retail Segment amid leave

Rhea-AI Filing Summary

Brown & Brown, Inc. (BRO) announced a leadership update. Effective October 17, 2025, Stephen P. Hearn, the company’s Executive Vice President and Chief Operating Officer, was appointed President of the Retail Segment. He assumes these duties from P. Barrett Brown, who began a personal leave of absence on the same date. Hearn will continue serving as Executive Vice President and Chief Operating Officer while leading the Retail Segment.

Insights

Corporate governance analyst

Role consolidation maintains continuity in Retail leadership.

Stephen P. Hearn adds President of the Retail Segment to his existing roles as Executive Vice President and Chief Operating Officer, effective October 17, 2025. This consolidates operational oversight with segment leadership.

The transition follows P. Barrett Brown commencing a personal leave of absence on the same date. The company specifies Hearn will continue as EVP and COO, suggesting organizational continuity during the leave.

The impact depends on execution within the Retail Segment under Hearn’s expanded remit. Subsequent filings may provide updates on duration of the leave or any further structural changes.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 17, 2025

BROWN & BROWN, INC.

(Exact name of registrant as specified in its charter)

Florida			001-13619	59-0864469
(State or other jurisdiction of incorporation)			(Commission File Number)	(IRS Employer Identification Number)
300 North Beach Street
Daytona Beach, Florida				32114
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (386) 252-9601

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.10 Par Value		BRO		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 17, 2025, Stephen P. Hearn, who has served as Executive Vice President and Chief Operating Officer of Brown & Brown, Inc. (the "Company") since February 2025, and who previously served as a director of the Company from August 2024 until February 2025, has been appointed to the additional role of President of the Retail Segment. In connection with the appointment, Mr. Hearn will assume the duties and responsibilities from P. Barrett Brown, the Company’s Executive Vice President and previous President of the Retail Segment, on a go-forward basis. Mr. Hearn will continue to serve as the Company’s Executive Vice President and Chief Operating Officer. Mr. Barrett Brown commenced a personal leave of absence, effective October 17, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			BROWN & BROWN, INC. (Registrant)
Date:	October 20, 2025	By:	/s/ Anthony M. Robinson
			Anthony M. Robinson Secretary

FAQ

What leadership change did Brown & Brown (BRO) announce?

Stephen P. Hearn was appointed President of the Retail Segment, effective October 17, 2025.

Does Stephen P. Hearn retain his current roles at BRO?

Yes. He continues as Executive Vice President and Chief Operating Officer while leading the Retail Segment.

Whose duties is Stephen P. Hearn assuming at Brown & Brown (BRO)?

He is assuming the Retail Segment responsibilities from P. Barrett Brown.

Why is P. Barrett Brown stepping back from the Retail Segment at BRO?

He commenced a personal leave of absence effective October 17, 2025.

When did the Brown & Brown (BRO) leadership change take effect?

The appointment was effective on October 17, 2025.

What is the scope of Stephen P. Hearn’s new responsibilities at BRO?

He now leads the Retail Segment in addition to his EVP and COO duties.