Here are the DEF 14A proxy statements from Brown & Brown, Inc. (BRO) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, 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 asking shareholders to vote at its virtual Annual Meeting on May 6, 2026. The Board recommends approving four items: election of 14 directors, ratifying Deloitte & Touche as auditor for 2026, an advisory vote on executive pay, and an amendment to the 2019 Stock Incentive Plan to add shares and extend its term.
The proxy highlights strong 2025 results, including about 23% revenue growth to over $5.9 billion, net income of $1.1 billion, adjusted EBITDAC margin of 36.0%, and operating cash flow of $1.5 billion. The company completed 43 acquisitions with approximately $1.8 billion in annual revenues, led by the large Accession deal, and raised its dividend for the 32nd straight year, returning about $193 million to shareholders. The Board emphasizes director independence, diversity, active risk oversight and a pay-for-performance philosophy under which 2025 annual cash incentives for executives paid below target because organic revenue growth lagged goals.