Brown & Brown (NYSE: BRO) financial statements
The consolidated income statement, balance sheet and cash flow statement of Brown & Brown for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $29,991m in total assets and $12,573m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5,902m | $4,805m | $4,257m | $3,573m | $3,051m | $2,613m | $2,392m | $2,014m | $1,881m | $1,767m |
| Operating profit | $1,668m | $1,496m | $1,336m | $1,017m | $827.8m | $683.1m | $589.6m | $503.0m | $488.0m | $463.0m |
| Finance costs | $297.0m | $193.0m | $190.0m | $141.0m | $65.0m | $59.0m | $63.7m | $40.6m | $38.3m | $39.5m |
| Profit before tax | $1,371m | $1,303m | $1,146m | $876.0m | $762.8m | $624.1m | $525.9m | $462.5m | $449.7m | $423.5m |
| Income tax | $304.0m | $301.0m | $275.0m | $204.0m | $175.7m | $143.6m | $127.4m | $118.2m | $50.1m | $166.0m |
| Net profit | $1,054m | $993.0m | $871.0m | $672.0m | $587.1m | $480.5m | $398.5m | $344.3m | $399.6m | $257.5m |
| Earnings per share | $3.37 | $3.48 | $3.07 | $2.38 | $2.08 | $1.70 | $1.42 | $1.24 | $2.86 | $1.84 |
| Diluted earnings per share | $3.16 | $3.46 | $3.05 | $2.37 | $2.07 | $1.69 | $1.40 | $1.22 | $2.81 | $1.82 |
| Depreciation and amortisation | $55.0m | $44.0m | $40.0m | $39.0m | $33.3m | $26.3m | $23.4m | $22.8m | $22.7m | $21.0m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $29,991m | $17,612m | $14,883m | $13,974m | $9,795m | $8,967m | $7,623m | $6,689m | $5,748m | $5,263m |
| Current assets | $8,614m | $6,924m | $5,130m | $4,996m | $3,330m | $2,958m | $2,495m | $2,167m | $2,242m | $1,736m |
| Property, plant and equipment | $367.0m | $319.0m | $270.0m | $239.9m | $212.0m | $201.1m | $148.6m | $100.4m | $77.1m | $75.8m |
| Goodwill | $15,087m | $7,970m | $7,341m | $6,674m | $4,737m | $4,396m | $3,746m | $3,433m | $2,716m | $2,675m |
| Cash | $1,079m | $675.0m | $700.0m | $650.0m | $693.2m | $656.2m | $542.2m | $439.0m | $573.4m | $515.6m |
| Total liabilities | — | — | — | — | — | — | — | $3,688m | — | — |
| Current liabilities | $8,294m | $6,314m | $4,956m | $4,597m | $2,667m | $2,354m | $2,045m | $1,783m | $1,987m | $1,445m |
| Equity | $12,573m | $6,437m | $5,579m | $4,607m | $4,197m | $3,754m | $3,350m | $3,001m | $2,583m | $2,360m |
| Equity including minorities | $12,573m | $6,437m | $5,579m | $4,606m | $4,197m | $3,754m | $3,350m | $3,001m | $2,583m | $2,360m |
| Minority interests | $26.0m | $17.0m | $0.2m | −$0.6m | $0.1m | — | — | — | — | — |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1,450m | $1,174m | $1,010m | $881.0m | $808.8m | $713.0m | $678.2m | $567.5m | $442.0m | $411.0m |
| Investing cash flow | −$7,914m | −$898.0m | −$587.0m | −$1,913m | −$396.8m | −$759.1m | −$413.6m | −$951.8m | −$62.6m | −$142.4m |
| Financing cash flow | $7,713m | −$64.0m | −$187.0m | $1,726m | −$210.1m | $355.0m | −$79.2m | $337.8m | −$336.6m | −$160.5m |
| Capital expenditure | −$68.0m | −$82.0m | −$69.0m | −$52.0m | −$45.0m | −$70.7m | −$73.1m | −$41.5m | −$24.2m | −$17.8m |
| Dividends paid | −$193.0m | −$154.0m | −$135.0m | −$120.0m | −$107.2m | −$100.6m | −$91.3m | −$84.7m | −$77.7m | −$70.3m |
Where each figure comes from
From the annual report (Form 10-K) that Brown & Brown files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Brown & Brown page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.