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BRO

BROWN & BROWN, INC.

Company overview

Market capitalization
$20.16B
Employees
22,888
Latest publication
2026-09-29
About BROWN & BROWN, INC.

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally. It operates through Retail and Specialty Distribution segments. The Retail segment provides property and casualty insurance products, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control surveys and analysis, consulting, and claims processing services. This segment also offers non-insurance services and products through automobile and recreational vehicle dealer services businesses. It serves commercial, public and quasi-public entities, professionals, and individual customers. The Specialty Distribution segment comprises wholesale brokerage and specialty businesses. This segment offers professional liability and related package insurance products for dentistry, legal, eyecare, financial services, physicians, and real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents, as well as program management services for insurance carrier partners. In addition, the company's wholesale brokerage businesses underwrite and place excess and surplus commercial and personal lines insurance through independent agents and brokers. Its program businesses operate under the Arrowhead Programs name. The company was formerly known as Poe & Brown, Inc. and changed its name to Brown & Brown, Inc. in April 1999. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ3 20252025-09-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USDQ4 20232023-12-31 · USD
Total Revenue1,676,000,000USD1,901,000,000USD1,606,000,000USD1,385,000,000USD1,089,000,000USD1,154,000,000USD1,237,000,000USD972,400,000USD
Other Operating Expenses271,000,000USD———————
Interest Expense100,000,000USD105,000,000USD100,000,000USD48,000,000USD54,000,000USD52,000,000USD50,000,000USD49,700,000USD
Income Before Tax383,000,000USD533,000,000USD311,000,000USD427,000,000USD275,000,000USD346,000,000USD364,000,000USD355,100,000USD
Income Tax Expense94,000,000USD107,000,000USD82,000,000USD93,000,000USD64,000,000USD87,000,000USD71,000,000USD86,500,000USD
Net Income289,000,000USD426,000,000USD227,000,000USD331,000,000USD210,000,000USD257,000,000USD293,000,000USD268,700,000USD
Minority Interest1,000,000USD-1,000,000USD-2,000,000USD-3,000,000USD-1,000,000USD-2,000,000USD0USD—
Net Income Applicable To Common Shares279,000,000USD—225,000,000USD327,000,000USD207,000,000USD———
Cost Of Revenue—907,000,000USD793,000,000USD683,000,000USD583,000,000USD585,000,000USD631,000,000USD553,700,000USD
Gross Profit—994,000,000USD813,000,000USD702,000,000USD506,000,000USD569,000,000USD606,000,000USD418,700,000USD
Unclassified Operating Expenses—461,000,000USD-402,000,000USD-433,000,000USD-314,000,000USD228,000,000USD215,000,000USD211,500,000USD
Total Operating Expenses—461,000,000USD391,000,000USD250,000,000USD269,000,000USD228,000,000USD215,000,000USD211,500,000USD
Operating Income—533,000,000USD422,000,000USD452,000,000USD237,000,000USD341,000,000USD391,000,000USD207,200,000USD
Net Interest Income—-105,000,000USD-100,000,000USD-48,000,000USD-54,000,000USD-52,000,000USD-50,000,000USD-49,700,000USD
Tax Provision—106,000,000USD82,000,000USD93,000,000USD64,000,000USD87,000,000USD71,000,000USD86,400,000USD
Net Income From Continuing Ops—427,000,000USD229,000,000USD334,000,000USD211,000,000USD259,000,000USD293,000,000USD268,700,000USD
Ebit—533,000,000USD411,000,000USD475,000,000USD329,000,000USD398,000,000USD414,000,000USD404,800,000USD
Ebitda—656,000,000USD518,000,000USD539,000,000USD387,000,000USD453,000,000USD468,000,000USD456,600,000USD
Depreciation And Amortization—123,000,000USD107,000,000USD64,000,000USD58,000,000USD55,000,000USD54,000,000USD51,800,000USD
Reconciled Depreciation—133,000,000USD107,000,000USD64,000,000USD58,000,000USD53,000,000USD54,000,000USD51,800,000USD
Total Other Income Expense Net—87,000,000USD-111,000,000USD-25,000,000USD38,000,000USD5,000,000USD-27,000,000USD147,900,000USD
Selling General Administrative——793,000,000USD683,000,000USD583,000,000USD———
Interest Income——100,000,000USD46,000,000USD46,000,000USD———
SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USD
Total Revenue4,705,000,000USD4,257,100,000USD3,573,400,000USD3,047,500,000USD2,606,100,000USD2,384,737,000USD2,009,857,000USD1,857,270,000USD
Cost Of Revenue2,406,000,000USD2,836,500,000USD1,816,900,000USD1,636,900,000USD1,436,400,000USD1,308,165,000USD1,068,914,000USD994,652,000USD
Gross Profit2,299,000,000USD1,420,600,000USD1,756,500,000USD1,410,600,000USD1,169,700,000USD1,076,572,000USD940,943,000USD862,618,000USD
Selling General Administrative2,406,000,000USD2,186,600,000USD1,816,900,000USD2,080,297,000USD1,797,892,000USD1,683,888,000USD1,434,551,000USD1,308,753,000USD
Unclassified Operating Expenses-1,474,000,000USD761,800,000USD-1,034,300,000USD-1,524,397,000USD-1,297,092,000USD-1,178,084,000USD-993,055,000USD-917,139,000USD
Total Operating Expenses932,000,000USD2,948,400,000USD782,600,000USD555,900,000USD500,800,000USD505,804,000USD441,496,000USD391,614,000USD
Operating Income1,367,000,000USD1,146,100,000USD973,900,000USD857,500,000USD673,400,000USD570,768,000USD499,447,000USD471,004,000USD
Interest Income193,000,000USD190,000,000USD141,200,000USD64,981,000USD59,000,000USD63,660,000USD40,580,000USD38,316,000USD
Interest Expense201,000,000USD195,400,000USD141,200,000USD65,000,000USD59,000,000USD63,660,000USD40,580,000USD38,316,000USD
Net Interest Income-201,000,000USD-195,400,000USD-141,200,000USD-65,000,000USD-59,000,000USD-63,660,000USD-40,580,000USD-38,316,000USD
Income Before Tax1,303,000,000USD1,146,100,000USD876,100,000USD762,800,000USD624,100,000USD525,929,000USD462,462,000USD449,722,000USD
Income Tax Expense301,000,000USD275,600,000USD204,300,000USD175,700,000USD143,600,000USD127,415,000USD118,207,000USD50,092,000USD
Tax Provision301,000,000USD238,300,000USD204,300,000USD175,700,000USD143,600,000USD127,415,000USD118,207,000USD50,092,000USD
Net Income993,000,000USD870,500,000USD671,800,000USD587,100,000USD480,500,000USD398,514,000USD344,255,000USD399,630,000USD
Net Income From Continuing Ops1,002,000,000USD747,000,000USD671,800,000USD587,100,000USD480,483,000USD398,514,000USD344,255,000USD399,630,000USD
Ebit1,504,000,000USD1,276,100,000USD1,046,100,000USD919,744,000USD673,839,000USD589,589,000USD503,042,000USD488,038,000USD
Ebitda1,726,000,000USD1,146,100,000USD1,159,700,000USD1,010,400,000USD808,200,000USD718,304,000USD612,420,000USD596,182,000USD
Depreciation And Amortization222,000,000USD206,000,000USD2,525,800,000USD2,122,054,000USD1,937,149,000USD128,715,000USD109,378,000USD108,144,000USD
Reconciled Depreciation222,000,000USD203,500,000USD185,800,000USD152,900,000USD134,799,000USD128,715,000USD109,378,000USD108,144,000USD
Total Other Income Expense Net-64,000,000USD8,900,000USD-102,500,000USD-94,700,000USD-49,300,000USD-44,839,000USD-36,985,000USD-21,282,000USD
Minority Interest-9,000,000USD0USD0USD—————
Net Income Applicable To Common Shares981,000,000USD857,200,000USD659,100,000USD587,100,000USD480,483,000USD398,514,000USD344,255,000USD399,630,000USD
Research Development—0USD0USD0USD0USD0USD0USD0USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets29,887,000,000USD29,700,000,000USD29,991,000,000USD29,354,000,000USD25,636,000,000USD16,760,000,000USD17,612,000,000USD17,525,000,000USD
Cash And Equivalents918,000,000USD—1,079,000,000USD1,190,000,000USD8,893,000,000USD669,000,000USD675,000,000USD957,000,000USD
Total Current Assets8,692,000,000USD8,455,000,000USD8,614,000,000USD8,143,000,000USD14,443,000,000USD5,917,000,000USD6,924,000,000USD7,479,000,000USD
Other Current Assets541,000,000USD3,712,000,000USD3,935,000,000USD3,545,000,000USD2,898,000,000USD2,582,000,000USD2,701,000,000USD2,597,000,000USD
Other Non Current Assets837,000,000USD———————
Total Liabilities17,279,000,000USD———————
Total Current Liabilities7,713,000,000USD8,316,000,000USD8,294,000,000USD6,890,000,000USD5,257,000,000USD4,930,000,000USD6,314,000,000USD6,525,000,000USD
Other Current Liabilities683,000,000USD———————
Other Non Current Liabilities1,047,000,000USD———————
Total Equity Including Noncontrolling Interest12,608,000,000USD———————
Short Long Term Debt826,000,000USD1,238,000,000USD719,000,000USD75,000,000USD75,000,000USD75,000,000USD225,000,000USD225,000,000USD
Long Term Debt7,346,000,000USD6,584,000,000USD6,894,000,000USD7,653,000,000USD7,470,000,000USD3,731,000,000USD3,599,000,000USD3,367,000,000USD
Deferred Revenue132,000,000USD———————
Deferred Revenue Non Current40,000,000USD———————
Property Plant Equipment Net642,000,000USD370,000,000USD636,000,000USD635,000,000USD532,000,000USD524,000,000USD519,000,000USD501,000,000USD
Goodwill15,146,000,000USD———————
Intangible Assets4,570,000,000USD4,782,000,000USD4,906,000,000USD4,952,000,000USD1,866,000,000USD1,821,000,000USD1,814,000,000USD1,582,000,000USD
Accounts Payable807,000,000USD873,000,000USD990,000,000USD849,000,000USD382,000,000USD481,000,000USD373,000,000USD329,000,000USD
Short Term Debt59,000,000USD1,238,000,000USD781,000,000USD75,000,000USD75,000,000USD75,000,000USD272,000,000USD225,000,000USD
Common Stock36,000,000USD36,000,000USD36,000,000USD36,000,000USD35,000,000USD31,000,000USD31,000,000USD31,000,000USD
Retained Earnings7,590,000,000USD7,358,000,000USD6,989,000,000USD6,781,000,000USD6,604,000,000USD6,416,000,000USD6,128,000,000USD5,961,000,000USD
Accumulated Other Comprehensive Income116,000,000USD128,000,000USD210,000,000USD200,000,000USD262,000,000USD15,000,000USD-109,000,000USD125,000,000USD
Total Liab—17,087,000,000USD17,418,000,000USD16,947,000,000USD14,019,000,000USD9,919,000,000USD11,175,000,000USD11,045,000,000USD
Total Stockholder Equity—12,589,000,000USD12,547,000,000USD12,386,000,000USD11,594,000,000USD6,821,000,000USD6,437,000,000USD6,464,000,000USD
Other Current Liab—5,267,000,000USD5,343,000,000USD5,079,000,000USD4,168,000,000USD3,832,000,000USD5,012,000,000USD5,346,000,000USD
Capital Stock—36,000,000USD36,000,000USD36,000,000USD35,000,000USD31,000,000USD31,000,000USD31,000,000USD
Good Will—15,076,000,000USD15,087,000,000USD14,891,000,000USD8,365,000,000USD8,111,000,000USD7,970,000,000USD7,577,000,000USD
Other Assets—-432,000,000USD29,991,000,000USD733,000,000USD430,000,000USD387,000,000USD366,000,000USD365,000,000USD
Cash—1,003,000,000USD1,079,000,000USD1,190,000,000USD8,893,000,000USD669,000,000USD675,000,000USD957,000,000USD
Cash And Short Term Investments—1,003,000,000USD1,079,000,000USD1,190,000,000USD8,893,000,000USD669,000,000USD685,000,000USD968,000,000USD
Current Deferred Revenue—938,000,000USD1,180,000,000USD887,000,000USD632,000,000USD542,000,000USD657,000,000USD625,000,000USD
Net Debt—7,057,000,000USD6,839,000,000USD6,781,000,000USD-1,162,000,000USD3,323,000,000USD3,385,000,000USD2,816,000,000USD
Short Long Term Debt Total—8,060,000,000USD7,918,000,000USD7,971,000,000USD7,731,000,000USD3,992,000,000USD4,060,000,000USD3,773,000,000USD
Net Receivables—3,150,000,000USD3,600,000,000USD3,408,000,000USD2,652,000,000USD2,666,000,000USD3,538,000,000USD3,914,000,000USD
Inventory—590,000,000USD—————-3,914,000,000USD
Property Plant Equipment Gross—633,000,000USD942,000,000USD635,000,000USD532,000,000USD524,000,000USD791,000,000USD501,000,000USD
Common Stock Shares Outstanding—339,000,000shares339,000,000shares332,000,000shares293,000,000shares285,000,000shares284,000,000shares283,000,000shares
Non Current Assets Total—21,677,000,000USD21,377,000,000USD21,211,000,000USD11,193,000,000USD10,843,000,000USD10,688,000,000USD10,046,000,000USD
Non Current Liabilities Total—8,771,000,000USD9,124,000,000USD10,057,000,000USD8,762,000,000USD4,989,000,000USD4,861,000,000USD4,520,000,000USD
Non Current Liabilities Other—1,050,000,000USD1,172,000,000USD1,304,000,000USD385,000,000USD371,000,000USD362,000,000USD334,000,000USD
Non Currrent Assets Other—1,449,000,000USD748,000,000USD733,000,000USD430,000,000USD387,000,000USD366,000,000USD365,000,000USD
Net Working Capital—139,000,000USD320,000,000USD1,253,000,000USD9,186,000,000USD987,000,000USD610,000,000USD954,000,000USD
Unclassified Current Liabilities—-1,238,000,000USD-719,000,000USD-75,000,000USD-75,000,000USD-75,000,000USD-225,000,000USD-225,000,000USD
Unclassified Non Current Liabilities—1,137,000,000USD1,058,000,000USD1,100,000,000USD907,000,000USD887,000,000USD900,000,000USD819,000,000USD
Unclassified Equity—5,031,000,000USD5,276,000,000USD5,333,000,000USD4,658,000,000USD328,000,000USD356,000,000USD316,000,000USD
Unclassified Non Current Assets——-29,991,000,000USD-733,000,000USD-430,000,000USD-387,000,000USD-366,000,000USD-365,000,000USD
Long Term Investments——————19,000,000USD21,000,000USD
Short Term Investments——————10,000,000USD11,000,000USD
SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Total Assets29,991,000,000USD17,612,000,000USD14,883,000,000USD13,973,500,000USD9,795,400,000USD8,966,492,000USD7,622,821,000USD6,688,668,000USD
Intangible Assets4,906,000,000USD1,814,000,000USD1,621,000,000USD1,595,200,000USD1,081,500,000USD1,049,660,000USD916,768,000USD898,807,000USD
Other Current Assets3,935,000,000USD2,701,000,000USD2,379,000,000USD1,978,700,000USD1,344,800,000USD979,802,000USD938,964,000USD805,271,000USD
Total Liab17,418,000,000USD11,175,000,000USD9,304,000,000USD9,366,900,000USD5,598,500,000USD5,212,269,000USD4,272,542,000USD3,688,100,000USD
Total Stockholder Equity12,547,000,000USD6,437,000,000USD5,579,000,000USD4,606,600,000USD4,196,900,000USD3,754,223,000USD3,350,279,000USD3,000,568,000USD
Other Current Liab5,343,000,000USD5,012,000,000USD3,343,000,000USD3,522,300,000USD1,879,200,000USD317,708,000USD311,627,000USD307,504,000USD
Common Stock36,000,000USD31,000,000USD30,000,000USD30,300,000USD30,100,000USD29,969,000USD29,711,000USD29,338,000USD
Capital Stock36,000,000USD31,000,000USD30,400,000USD30,300,000USD30,099,000USD29,969,000USD29,711,000USD29,338,000USD
Retained Earnings6,989,000,000USD6,128,000,000USD5,289,000,000USD4,553,000,000USD4,000,700,000USD3,520,683,000USD3,140,762,000USD2,833,622,000USD
Good Will15,087,000,000USD7,970,000,000USD7,341,000,000USD6,674,200,000USD4,736,800,000USD4,395,918,000USD3,746,094,000USD3,432,786,000USD
Other Assets29,991,000,000USD366,000,000USD32,400,000USD230,900,000USD206,800,000USD562,665,000USD104,864,000USD71,975,000USD
Cash1,079,000,000USD675,000,000USD700,000,000USD650,000,000USD693,200,000USD817,398,000USD542,174,000USD438,961,000USD
Cash And Equivalents1,079,000,000USD675,000,000USD700,300,000USD650,000,000USD887,009,000USD817,398,000USD542,174,000USD438,961,000USD
Cash And Short Term Investments1,079,000,000USD685,000,000USD711,000,000USD662,000,000USD706,100,000USD835,730,000USD554,499,000USD451,829,000USD
Total Current Assets8,614,000,000USD6,924,000,000USD5,130,000,000USD4,996,000,000USD3,330,300,000USD2,958,249,000USD2,494,802,000USD2,167,311,000USD
Total Current Liabilities8,294,000,000USD6,314,000,000USD4,956,000,000USD4,596,600,000USD2,667,400,000USD2,354,352,000USD2,045,361,000USD1,782,986,000USD
Current Deferred Revenue1,180,000,000USD657,000,000USD540,000,000USD492,200,000USD459,600,000USD534,076,000USD521,042,000USD480,578,000USD
Net Debt6,839,000,000USD3,385,000,000USD3,320,000,000USD3,533,000,000USD1,553,100,000USD1,494,985,000USD1,224,439,000USD1,068,029,000USD
Short Term Debt781,000,000USD272,000,000USD614,000,000USD295,600,000USD85,900,000USD113,542,000USD98,415,000USD50,000,000USD
Short Long Term Debt719,000,000USD225,000,000USD568,700,000USD250,600,000USD42,500,000USD70,000,000USD55,000,000USD50,000,000USD
Short Long Term Debt Total7,918,000,000USD4,060,000,000USD4,020,000,000USD4,183,000,000USD2,246,300,000USD2,312,383,000USD1,766,613,000USD1,506,990,000USD
Long Term Debt6,894,000,000USD3,599,000,000USD3,226,900,000USD3,691,500,000USD1,980,400,000USD2,025,906,000USD1,500,343,000USD1,456,990,000USD
Net Receivables3,600,000,000USD3,538,000,000USD2,040,000,000USD2,355,300,000USD1,279,400,000USD1,142,717,000USD1,001,339,000USD910,211,000USD
Accounts Payable990,000,000USD373,000,000USD459,000,000USD286,500,000USD242,700,000USD1,389,026,000USD1,114,277,000USD944,904,000USD
Property Plant Equipment Net636,000,000USD519,000,000USD469,000,000USD454,800,000USD409,000,000USD388,113,000USD332,915,000USD100,395,000USD
Property Plant Equipment Gross942,000,000USD791,000,000USD723,400,000USD454,800,000USD409,000,000USD388,113,000USD332,915,000USD100,395,000USD
Accumulated Other Comprehensive Income210,000,000USD-109,000,000USD-19,000,000USD-148,400,000USD-9,400,000USD0USD0USD0USD
Common Stock Shares Outstanding313,000,000shares284,000,000shares280,800,000shares278,600,000shares277,414,000shares275,867,000shares274,616,000shares282,213,000shares
Non Current Assets Total21,377,000,000USD10,688,000,000USD9,753,000,000USD8,977,500,000USD6,465,100,000USD6,008,243,000USD5,128,019,000USD4,521,357,000USD
Non Current Liabilities Total9,124,000,000USD4,861,000,000USD4,348,000,000USD4,770,300,000USD2,931,100,000USD2,857,917,000USD2,227,181,000USD1,905,114,000USD
Non Current Liabilities Other1,172,000,000USD362,000,000USD326,000,000USD298,900,000USD383,900,000USD314,854,000USD230,706,000USD132,392,000USD
Non Currrent Assets Other748,000,000USD366,000,000USD301,000,000USD230,900,000USD206,800,000USD149,581,000USD104,864,000USD71,975,000USD
Net Working Capital320,000,000USD610,000,000USD173,000,000USD399,400,000USD662,900,000USD603,897,000USD449,441,000USD384,325,000USD
Unclassified Non Current Assets-29,991,000,000USD-366,000,000USD—-230,900,000USD-206,800,000USD-562,665,000USD-104,864,000USD-71,975,000USD
Unclassified Current Liabilities-719,000,000USD-225,000,000USD-568,700,000USD-250,600,000USD-42,500,000USD-70,000,000USD-55,000,000USD-50,000,000USD
Unclassified Non Current Liabilities1,058,000,000USD900,000,000USD795,100,000USD-179,000,000USD-590,694,000USD-486,165,000USD-391,128,000USD-448,124,000USD
Unclassified Equity5,276,000,000USD356,000,000USD248,600,000USD141,400,000USD819,303,000USD764,940,000USD686,338,000USD585,842,000USD
Long Term Investments—19,000,000USD21,000,000USD22,400,000USD31,000,000USD24,971,000USD27,378,000USD17,394,000USD
Short Term Investments—10,000,000USD11,000,000USD12,000,000USD12,900,000USD18,332,000USD12,325,000USD12,868,000USD
Inventory——1USD1,776,400,000USD975,400,000USD832,100,000USD786,800,000USD676,500,000USD
Deferred Long Term Liab———76,000,000USD386,794,000USD344,222,000USD328,277,000USD315,732,000USD
Other Liab———882,900,000USD770,700,000USD659,100,000USD558,983,000USD448,124,000USD
Net Tangible Assets———-3,662,800,000USD-1,621,400,000USD-1,518,420,000USD-1,144,728,000USD-1,331,025,000USD
Unclassified Current Assets———-1,776,400,000USD-975,400,000USD-832,100,000USD-786,800,000USD-676,500,000USD
Treasury Stock————-673,902,000USD-591,338,000USD-536,243,000USD-477,572,000USD
SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

Cash flow YTD

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USD
Stock Based Compensation49,000,000USD
Deferred Income Tax128,000,000USD
Change To Liabilities-183,000,000USD
Change In Working Capital-101,000,000USD
Operating Cash Flow608,000,000USD
Capital Expenditures-38,000,000USD
Other Investing Activities-24,000,000USD
Unclassified Investing Cash Flow-9,000,000USD
Investing Cash Flow-71,000,000USD
Net Debt Issuance-31,000,000USD
Net Common Stock Issuance-500,000,000USD
Common Dividends Paid-112,000,000USD
Other Financing Activities-1,000,000USD
Unclassified Financing Cash Flow118,000,000USD
Financing Cash Flow-526,000,000USD
Change In Cash-16,000,000USD
End Cash Flow3,799,000,000USD
SourceDisclosureDeterministicFinal

Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ1 20242024-03-31 · USDQ4 20232023-12-31 · USD
Net Income427,000,000USD255,000,000USD235,000,000USD334,000,000USD211,000,000USD238,000,000USD293,000,000USD268,700,000USD
Depreciation133,000,000USD134,000,000USD62,000,000USD64,000,000USD58,000,000USD57,000,000USD54,000,000USD51,800,000USD
Stock Based Compensation26,000,000USD-76,000,000USD23,000,000USD29,000,000USD24,000,000USD25,000,000USD29,000,000USD22,400,000USD
Other Non Cash Items-123,000,000USD44,000,000USD10,000,000USD-2,000,000USD11,000,000USD-10,000,000USD-13,000,000USD-146,900,000USD
Change To Account Receivables-142,000,000USD-54,000,000USD103,000,000USD900,000,000USD534,000,000USD-1,916,000,000USD-82,000,000USD71,400,000USD
Change In Working Capital-281,000,000USD105,000,000USD-13,000,000USD-204,000,000USD33,000,000USD138,000,000USD-349,000,000USD95,700,000USD
Total Cash From Operating Activities262,000,000USD444,000,000USD325,000,000USD213,000,000USD361,000,000USD440,000,000USD13,000,000USD305,400,000USD
Capital Expenditures-21,000,000USD-20,000,000USD-15,000,000USD-17,000,000USD-20,000,000USD-23,000,000USD-13,000,000USD-30,500,000USD
Free Cash Flow241,000,000USD424,000,000USD310,000,000USD196,000,000USD341,000,000USD417,000,000USD13,000,000USD274,900,000USD
Total Cashflows From Investing Activities-38,000,000USD-213,000,000USD-108,000,000USD-79,000,000USD-779,000,000USD-42,000,000USD-88,000,000USD-393,700,000USD
Net Borrowings206,000,000USD-119,000,000USD3,773,000,000USD-19,000,000USD231,000,000USD-525,000,000USD——
Total Cash From Financing Activities-354,000,000USD-138,000,000USD8,199,000,000USD-218,000,000USD277,000,000USD-716,000,000USD-67,000,000USD88,400,000USD
Dividends Paid-57,000,000USD-57,000,000USD-43,000,000USD-43,000,000USD-43,000,000USD-36,000,000USD-38,000,000USD-37,100,000USD
Sale Purchase Of Stock-276,000,000USD-58,000,000USD-1,000,000USD-40,000,000USD-1,000,000USD54,000,000USD-54,000,000USD39,800,000USD
Change In Cash-157,000,000USD91,000,000USD8,479,000,000USD-62,000,000USD-199,000,000USD-273,000,000USD-153,000,000USD32,000,000USD
Begin Period Cash Flow3,815,000,000USD3,724,000,000USD2,440,000,000USD2,502,000,000USD2,701,000,000USD2,974,000,000USD2,303,000,000USD2,270,900,000USD
End Period Cash Flow3,658,000,000USD3,815,000,000USD10,919,000,000USD2,440,000,000USD2,502,000,000USD2,701,000,000USD2,150,000,000USD2,302,900,000USD
Other Cashflows From Investing Activities-21,000,000USD41,000,000USD1,000,000USD-4,000,000USD-816,000,000USD-57,000,000USD1,000,000USD104,200,000USD
Other Cashflows From Financing Activities-227,000,000USD126,000,000USD155,000,000USD-116,000,000USD90,000,000USD-155,000,000USD-62,000,000USD38,000,000USD
Unclassified Operating Cash Flow80,000,000USD-18,000,000USD8,000,000USD-8,000,000USD24,000,000USD-8,000,000USD—13,700,000USD
Unclassified Investing Cash Flow4,000,000USD-234,000,000USD14,000,000USD21,000,000USD836,000,000USD80,000,000USD12,000,000USD-73,700,000USD
Issuance Of Capital Stock—0USD——————
Unclassified Financing Cash Flow—-30,000,000USD4,315,000,000USD——-54,000,000USD87,000,000USD47,700,000USD
Investments——-108,000,000USD-79,000,000USD-779,000,000USD-42,000,000USD-88,000,000USD-393,700,000USD
Change To Inventory—————-86,000,000USD86,000,000USD1USD
SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
Net Income1,067,000,000USD1,002,000,000USD870,500,000USD671,800,000USD587,100,000USD480,500,000USD398,514,000USD344,255,000USD
Depreciation367,000,000USD222,000,000USD206,000,000USD185,800,000USD152,900,000USD134,800,000USD128,715,000USD109,378,000USD
Stock Based Compensation93,000,000USD101,000,000USD89,400,000USD66,100,000USD61,000,000USD59,700,000USD46,994,000USD33,519,000USD
Other Non Cash Items-23,000,000USD-59,000,000USD-168,900,000USD-69,200,000USD15,700,000USD-7,500,000USD-9,218,000USD-9,886,000USD
Change To Account Receivables1,261,000,000USD-1,496,000,000USD705,200,000USD-828,800,000USD-92,400,000USD-120,400,000USD-79,887,000USD318,794,000USD
Change In Working Capital-47,000,000USD-105,000,000USD292,200,000USD-15,900,000USD97,700,000USD38,200,000USD100,792,000USD75,255,000USD
Total Cash From Operating Activities1,450,000,000USD1,174,000,000USD1,009,500,000USD881,400,000USD948,000,000USD721,600,000USD678,180,000USD567,529,000USD
Capital Expenditures-68,000,000USD-82,000,000USD-58,600,000USD-52,600,000USD-45,000,000USD-70,700,000USD-73,108,000USD-41,520,000USD
Free Cash Flow1,382,000,000USD1,092,000,000USD1,009,500,000USD828,800,000USD903,000,000USD650,900,000USD605,072,000USD526,009,000USD
Total Cashflows From Investing Activities-7,914,000,000USD-898,000,000USD-587,000,000USD-1,912,600,000USD-396,700,000USD-759,070,000USD-413,585,000USD-951,771,000USD
Net Borrowings3,817,000,000USD30,000,000USD-151,000,000USD1,938,700,000USD-73,100,000USD538,244,000USD46,299,000USD480,000,000USD
Total Cash From Financing Activities7,713,000,000USD-64,000,000USD-186,700,000USD1,725,400,000USD-349,300,000USD346,400,000USD-79,216,000USD337,750,000USD
Dividends Paid-194,000,000USD-154,000,000USD-134,900,000USD-119,500,000USD-107,200,000USD-100,600,000USD-91,344,000USD-84,690,000USD
Sale Purchase Of Stock-100,000,000USD-55,000,000USD-40,000,000USD-122,900,000USD-132,400,000USD-96,400,000USD-58,671,000USD-91,250,000USD
Issuance Of Capital Stock4,315,000,000USD0USD0USD———24,999,000USD19,432,000USD
Change In Cash1,313,000,000USD199,000,000USD269,700,000USD562,900,000USD198,400,000USD308,900,000USD185,379,000USD-46,492,000USD
Begin Period Cash Flow2,502,000,000USD2,303,000,000USD2,033,200,000USD1,470,300,000USD1,271,900,000USD963,000,000USD777,596,000USD824,088,000USD
End Period Cash Flow3,815,000,000USD2,502,000,000USD2,302,900,000USD2,033,200,000USD1,470,300,000USD1,271,900,000USD962,975,000USD777,596,000USD
Other Cashflows From Investing Activities-1,000,000USD-82,000,000USD-518,100,000USD-1,860,000,000USD1,400,000USD-685,227,000USD21,600,000USD4,984,000USD
Other Cashflows From Financing Activities-137,000,000USD115,000,000USD-91,600,000USD2,341,500,000USD-70,600,000USD-31,700,000USD20,799,000USD-16,310,000USD
Unclassified Investing Cash Flow-7,845,000,000USD164,000,000USD183,000,000USD1,912,700,000USD-352,900,000USD—-353,051,000USD-923,874,000USD
Unclassified Financing Cash Flow4,327,000,000USD—230,800,000USD-2,312,400,000USD34,000,000USD36,856,000USD3,701,000USD50,000,000USD
Investments—-898,000,000USD-193,300,000USD-1,912,700,000USD-200,000USD-3,143,000USD-9,026,000USD8,639,000USD
Unclassified Operating Cash Flow—13,000,000USD-279,700,000USD42,800,000USD33,600,000USD15,900,000USD12,383,000USD15,008,000USD
Change To Liabilities———144,400,000USD199,500,000USD81,930,000USD105,529,000USD52,352,000USD
Change To Inventory————-9,400,000USD-119,600,000USD-13,800,000USD-423,491,000USD
Cash And Cash Equivalents Changes————201,910,000USD308,940,000USD185,379,000USD-46,492,000USD
SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

PeriodDimensionBusiness / regionRevenueCurrencySource
Q2 2026Quarterly · 2026-06-30ProductCore Commission Revenue1,122,000,000USDDisclosure
Q2 2026Quarterly · 2026-06-30ProductEarned Premium18,000,000USDDisclosure
Q2 2026Quarterly · 2026-06-30ProductFee Revenue392,000,000USDDisclosure
Q2 2026Quarterly · 2026-06-30ProductOther Supplemental Commissions Revenue51,000,000USDDisclosure
Q2 2026Quarterly · 2026-06-30ProductProfit Sharing Contingent Commission Revenue85,000,000USDDisclosure
Q2 2026Quarterly · 2026-06-30SegmentRetail947,000,000USDDisclosure
Q2 2026Quarterly · 2026-06-30SegmentSpecialty Distribution721,000,000USDDisclosure
Q1 2026Quarterly · 2026-03-31ProductCore Commission Revenue1,268,000,000USD0001193125-26-182389
Q1 2026Quarterly · 2026-03-31ProductEarned Premium22,000,000USD0001193125-26-182389
Q1 2026Quarterly · 2026-03-31ProductFee Revenue380,000,000USD0001193125-26-182389
Q1 2026Quarterly · 2026-03-31ProductOther Supplemental Commissions Revenue125,000,000USD0001193125-26-182389
Q1 2026Quarterly · 2026-03-31ProductProfit Sharing Contingent Commission Revenue97,000,000USD0001193125-26-182389
Q1 2026Quarterly · 2026-03-31SegmentRetail1,210,000,000USD0001193125-26-182389
Q1 2026Quarterly · 2026-03-31SegmentSpecialty Distribution682,000,000USD0001193125-26-182389
Q4 2025Quarterly · 2025-12-31ProductCore Commission Revenue1,032,000,000USDLegacy provider
Q4 2025Quarterly · 2025-12-31ProductEarned Premium25,000,000USDLegacy provider
Q4 2025Quarterly · 2025-12-31ProductFee Revenue399,000,000USDLegacy provider
Q4 2025Quarterly · 2025-12-31ProductOther Supplemental Commissions Revenue47,000,000USDLegacy provider
Q4 2025Quarterly · 2025-12-31ProductProfit Sharing Contingent Commission Revenue94,000,000USDLegacy provider
FY 2025Yearly · 2025-12-31ProductCore Commission Revenue3,941,000,000USD0001193125-26-046984
FY 2025Yearly · 2025-12-31ProductEarned Premium83,000,000USD0001193125-26-046984
FY 2025Yearly · 2025-12-31ProductFee Revenue1,278,000,000USD0001193125-26-046984
FY 2025Yearly · 2025-12-31ProductOther Supplemental Commissions Revenue258,000,000USD0001193125-26-046984
FY 2025Yearly · 2025-12-31ProductProfit Sharing Contingent Commission Revenue255,000,000USD0001193125-26-046984
FY 2025Yearly · 2025-12-31SegmentRetail3,406,000,000USD0001193125-26-046984
FY 2025Yearly · 2025-12-31SegmentSpecialty Distribution2,409,000,000USD0001193125-26-046984
Q3 2025Quarterly · 2025-09-30ProductCore Commission Revenue1,073,000,000USD0001193125-25-251811
Q3 2025Quarterly · 2025-09-30ProductEarned Premium22,000,000USD0001193125-25-251811
Q3 2025Quarterly · 2025-09-30ProductFee Revenue346,000,000USD0001193125-25-251811
Q3 2025Quarterly · 2025-09-30ProductOther Supplemental Commissions Revenue50,000,000USD0001193125-25-251811
Q3 2025Quarterly · 2025-09-30ProductProfit Sharing Contingent Commission Revenue73,000,000USD0001193125-25-251811
Q3 2025Quarterly · 2025-09-30SegmentRetail883,000,000USD0001193125-25-251811
Q3 2025Quarterly · 2025-09-30SegmentSpecialty Distribution681,000,000USD0001193125-25-251811
Q2 2025Quarterly · 2025-06-30ProductCore Commission Revenue878,000,000USD0000950170-25-099240
Q2 2025Quarterly · 2025-06-30ProductEarned Premium17,000,000USD0000950170-25-099240
Q2 2025Quarterly · 2025-06-30ProductFee Revenue268,000,000USD0000950170-25-099240
Q2 2025Quarterly · 2025-06-30ProductOther Supplemental Commissions Revenue52,000,000USD0000950170-25-099240
Q2 2025Quarterly · 2025-06-30ProductProfit Sharing Contingent Commission Revenue45,000,000USD0000950170-25-099240
Q2 2025Quarterly · 2025-06-30SegmentPrograms381,000,000USD0000950170-25-099240
Q2 2025Quarterly · 2025-06-30SegmentRetail697,000,000USD0000950170-25-099240
Q2 2025Quarterly · 2025-06-30SegmentWholesale Brokerage182,000,000USD0000950170-25-099240
Q1 2025Quarterly · 2025-03-31ProductCore Commission Revenue958,000,000USD0001193125-26-182389
Q1 2025Quarterly · 2025-03-31ProductEarned Premium19,000,000USD0001193125-26-182389
Q1 2025Quarterly · 2025-03-31ProductFee Revenue265,000,000USD0001193125-26-182389
Q1 2025Quarterly · 2025-03-31ProductOther Supplemental Commissions Revenue109,000,000USD0001193125-26-182389
Q1 2025Quarterly · 2025-03-31ProductProfit Sharing Contingent Commission Revenue43,000,000USD0001193125-26-182389
Q1 2025Quarterly · 2025-03-31SegmentPrograms328,000,000USD0000950170-25-059393
Q1 2025Quarterly · 2025-03-31SegmentRetail907,000,000USD0000950170-25-059393
Q1 2025Quarterly · 2025-03-31SegmentWholesale Brokerage159,000,000USD0000950170-25-059393
Q4 2024Quarterly · 2024-12-31ProductCore Commission Revenue775,000,000USDLegacy provider
Q4 2024Quarterly · 2024-12-31ProductEarned Premium26,000,000USDLegacy provider
Q4 2024Quarterly · 2024-12-31ProductFee Revenue274,000,000USDLegacy provider
Q4 2024Quarterly · 2024-12-31ProductOther Supplemental Commissions Revenue38,000,000USDLegacy provider
Q4 2024Quarterly · 2024-12-31ProductProfit Sharing Contingent Commission Revenue57,000,000USDLegacy provider
FY 2024Yearly · 2024-12-31ProductCore Commission Revenue3,282,000,000USD0001193125-26-046984
FY 2024Yearly · 2024-12-31ProductEarned Premium77,000,000USD0001193125-26-046984
FY 2024Yearly · 2024-12-31ProductFee Revenue992,000,000USD0001193125-26-046984
FY 2024Yearly · 2024-12-31ProductOther Supplemental Commissions Revenue228,000,000USD0001193125-26-046984
FY 2024Yearly · 2024-12-31ProductProfit Sharing Contingent Commission Revenue166,000,000USD0001193125-26-046984
FY 2024Yearly · 2024-12-31SegmentPrograms1,400,000,000USD0000950170-25-019039
FY 2024Yearly · 2024-12-31SegmentRetail2,729,000,000USD0000950170-25-019039
FY 2024Yearly · 2024-12-31SegmentWholesale Brokerage616,000,000USD0000950170-25-019039
Q3 2024Quarterly · 2024-09-30ProductCore Commission Revenue822,000,000USD0001193125-25-251811
Q3 2024Quarterly · 2024-09-30ProductEarned Premium23,000,000USD0001193125-25-251811
Q3 2024Quarterly · 2024-09-30ProductFee Revenue251,000,000USD0001193125-25-251811
Q3 2024Quarterly · 2024-09-30ProductOther Supplemental Commissions Revenue42,000,000USD0001193125-25-251811
Q3 2024Quarterly · 2024-09-30ProductProfit Sharing Contingent Commission Revenue27,000,000USD0001193125-25-251811
Q3 2024Quarterly · 2024-09-30SegmentRetail641,000,000USD0001193125-25-251811
Q3 2024Quarterly · 2024-09-30SegmentSpecialty Distribution524,000,000USD0001193125-25-251811
Q2 2024Quarterly · 2024-06-30SegmentPrograms359,000,000USD0000950170-25-099240
Q2 2024Quarterly · 2024-06-30SegmentRetail646,000,000USD0000950170-25-099240
Q2 2024Quarterly · 2024-06-30SegmentWholesale Brokerage159,000,000USD0000950170-25-099240
Q1 2024Quarterly · 2024-03-31SegmentOther12,000,000USD0000950170-24-047140
Q1 2024Quarterly · 2024-03-31SegmentPrograms298,000,000USD0000950170-24-047140
Q1 2024Quarterly · 2024-03-31SegmentRetail806,000,000USD0000950170-24-047140
Q1 2024Quarterly · 2024-03-31SegmentWholesale Brokerage142,000,000USD0000950170-24-047140
FY 2023Yearly · 2023-12-31ProductCore Commission Revenue2,868,000,000USD0001193125-26-046984
FY 2023Yearly · 2023-12-31ProductEarned Premium28,000,000USD0001193125-26-046984
FY 2023Yearly · 2023-12-31ProductFee Revenue995,000,000USD0001193125-26-046984
FY 2023Yearly · 2023-12-31ProductOther Supplemental Commissions Revenue201,000,000USD0001193125-26-046984
FY 2023Yearly · 2023-12-31ProductProfit Sharing Contingent Commission Revenue130,000,000USD0001193125-26-046984
FY 2023Yearly · 2023-12-31SegmentNational Programs1,077,300,000USD0000950170-24-018890
FY 2023Yearly · 2023-12-31SegmentOther36,000,000USD0000950170-24-018890
FY 2023Yearly · 2023-12-31SegmentRetail2,440,000,000USD0000950170-24-018890
FY 2023Yearly · 2023-12-31SegmentServices163,100,000USD0000950170-24-018890
FY 2023Yearly · 2023-12-31SegmentWholesale Brokerage540,700,000USD0000950170-24-018890
FY 2022Yearly · 2022-12-31ProductCore Commission Revenue2,377,000,000USD0000950170-25-019039
FY 2022Yearly · 2022-12-31ProductEarned Premium26,000,000USD0000950170-25-019039
FY 2022Yearly · 2022-12-31ProductFee Revenue912,000,000USD0000950170-25-019039
FY 2022Yearly · 2022-12-31ProductOther Supplemental Commissions Revenue164,000,000USD0000950170-25-019039
FY 2022Yearly · 2022-12-31ProductProfit Sharing Contingent Commission Revenue89,000,000USD0000950170-25-019039
FY 2022Yearly · 2022-12-31SegmentNational Programs859,500,000USD0000950170-24-018890
FY 2022Yearly · 2022-12-31SegmentOther4,300,000USD0000950170-24-018890
FY 2022Yearly · 2022-12-31SegmentRetail2,084,300,000USD0000950170-24-018890
FY 2022Yearly · 2022-12-31SegmentServices171,900,000USD0000950170-24-018890
FY 2022Yearly · 2022-12-31SegmentWholesale Brokerage453,400,000USD0000950170-24-018890
FY 2021Yearly · 2021-12-31ProductCore Commission Revenue2,010,012,000USD0000950170-22-001654
FY 2021Yearly · 2021-12-31ProductFee Revenue833,030,000USD0000950170-22-001654
FY 2021Yearly · 2021-12-31ProductGuaranteed Supplemental Commission Revenue19,005,000USD0000950170-22-001654
FY 2021Yearly · 2021-12-31ProductIncentive Commission Revenue103,249,000USD0000950170-22-001654

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.