What is the 13F Pro Quality Score for BRO?

13F Pro ranks BROWN & BROWN, INC. (BRO) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BRO's current score at https://13fpro.ai/company/BRO (free sign-up required for the full ranking).

Which hedge funds own the most BRO stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of BRO include BlackRock,, VANGUARD CAPITAL MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/BRO as soon as new 13F filings post.

Where does 13F Pro source BRO data?

All BROWN & BROWN, INC. fundamentals and ownership data come directly from SEC EDGAR. BROWN & BROWN, INC. files with the SEC under CIK 79282. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BRO in?

BROWN & BROWN, INC. (BRO) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives BRO's revenue?

Per BROWN & BROWN, INC.'s latest 10-Q filed with the SEC on 2026-07-27, the biggest revenue drivers are: Core commissions and fees ($1.569B, +30.3% YoY); Profit-sharing contingent commissions ($85M, +88.9% YoY); Earned premium ($18M, Flat YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/BRO.

What are BRO's largest expenses?

BROWN & BROWN, INC.'s latest 10-Q reports these as the largest expense items: Employee compensation and benefits ($838M, +30.9% YoY); Interest expense ($100M, +96.1% YoY); Amortization ($110M, +120.0% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is BRO research updated on 13F Pro?

BRO's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

BROWN & BROWN, INC.(BRO)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Financials →NYSElarge

Institutional-grade research for retail investors

SEC EDGAR: CIK 79282 BRO stock profile & AI dashboard →

13F Pro Quality Score

73.8/100

Rank #129 of 2,961 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

82.1/100

Profitability

73.7/100

Balance Sheet

66.7/100

Earnings Quality

53.0/100

Free Cash Flow

74.4/100

Institutional Flow

65.2/100

Revenue Scale

82.4/100

Dilution Risk

45.0/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why BRO Scores 74/100

exact factor attribution · 2026-09-11

BRO's composite is driven by revenue growth and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.6 pts

82th pct

Scale

+6.5 pts

82th pct

Profitability

+4.7 pts

74th pct

Free cash flow

+3.7 pts

74th pct

Capital efficiency

+2.2 pts

67th pct

Earnings growth

+1.2 pts

67th pct

Institutional flow

+1.0 pts

65th pct

Earnings quality

+0.3 pts

53th pct

Shareholder dilution

-0.3 pts

45th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

BRO Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for BROWN & BROWN, INC. (BRO), a Financials sector company. 13F Pro's AI-powered ranking engine scores BRO at 73.8/100 on a 32-signal composite quality model, placing it at rank #129 of 2,961 stocks — the top 5% of the AI-ranked universe. BRO scores in the top quartile across revenue scale (82.4), revenue growth (82.1). Shareholder dilution risk is elevated at 45.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), BROWN & BROWN, INC. reports quarterly revenue of $1.7B, net income of $288.0M, an operating margin of 22.9%. Top institutional holders of BRO by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, FMR, based on the most recent SEC filings. BRO trades on the NYSE exchange and files with the SEC under CIK 79282. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BRO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BROWN & BROWN, INC. directly from SEC EDGAR. BROWN & BROWN, INC.'s 13F Pro composite quality score has ranged between 57 and 79 since 2021, currently 73.8 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about BROWN & BROWN, INC.

Quirks, history, and lore behind BRO — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · mid-cap · listed on NYSE · headquartered in Florida.
2
The Numbers
Annual revenues roughly $4–5 billion, built almost entirely on commissions and fees — it collects a slice every time risk changes hands.
3
The History
Founded in 1939, it stayed a small regional firm for decades before embarking on an aggressive acquisition strategy that turned it into one of the largest players in its field in North America.
4
The Secret
It doesn't underwrite policies or carry risk itself — it's purely an insurance brokerage and risk management intermediary, sitting between clients and the carriers who actually pay claims.
5
The Lore
The company has completed hundreds of acquisitions over its history — buying up smaller regional brokerages the way some people collect stamps, making organic growth almost beside the point.
6
The Giveaway
Its ticker and its name are basically the same thing twice — a family surname repeated — and it remains one of the largest independent insurance brokers in the United States.

▶ Think you know your stocks? Play the Daily Ticker

What's Driving BRO's Business? Latest 10-Q Breakdown

✓ 41/41 datapoints verified

AI-extracted from BROWN & BROWN, INC.'s 10-Q filed 2026-07-27 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Brown & Brown's Q2 2026 commissions and fees grew 32.4% to $1.654B, driven by $393M from acquisitions and a 88.9% surge in Contingents, though organic revenue declined 0.7%.

Biggest Revenue Drivers

Core commissions and fees$1.569B+30.3% YoY

$393M from acquisitions with no prior-year comparable; $8M net new business offset by $4M divested operations and $18M litigation-related impact.

Profit-sharing contingent commissions$85M+88.9% YoY

Driven by improved underwriting results for carrier partners, growth in premium volume, recent acquisitions and enhanced carrier engagement model.

Biggest Revenue Drivers

Total revenue: $1.676B+30.4% YoY

Core commissions and fees$1.569B+30.3% YoY

$393M from acquisitions with no prior-year comparable; $8M net new business offset by $4M divested operations and $18M litigation-related impact.

Profit-sharing contingent commissions$85M+88.9% YoY

Driven by improved underwriting results for carrier partners, growth in premium volume, recent acquisitions and enhanced carrier engagement model.

Earned premium$18MFlat YoY

Premiums earned in captive insurance operations.

Investment and other income$22M-38.9% YoY

Decrease driven by $13M lower interest income from 2025 follow-on offering proceeds held for Accession acquisition.

Largest Expense Items

Employee compensation and benefits$838M+30.9% YoY

$203M attributable to acquisitions; underlying decrease driven by lower non-cash stock-based compensation, lower health plan claims and litigation-related impacts.

Interest expense$100M+96.1% YoY

Higher debt from June 2025 debt issuance to fund Accession acquisition, partially offset by lower floating rate benchmark.

Amortization$110M+120.0% YoY

Reflects amortization of intangibles from acquisitions within the past twelve months.

Other operating expenses$271M+28.4% YoY

$72M from acquisitions; increased information technology-related costs.

Margins: Income before income taxes margin declined to 22.9% from 24.2% YoY, pressured by higher interest expense and amortization from the Accession acquisition. EBITDAC Margin-Adjusted remained relatively stable at 35.7% versus 36.7% prior year, with growth in Contingents and expense leverage partially offset by organic revenue decline.

Watch Items from the Filing

Organic revenue declined 0.7% in Q2 2026, with Retail segment up 1.5% but Specialty Distribution down 3.5%, driven by declining CAT property rates and challenging market conditions.
Total debt increased to $7.759B at June 30, 2026 from $7.613B at year-end 2025; interest expense surged 96% YoY to $100M as Accession acquisition financing cost approximately $199M for the first half of 2026.
Estimated acquisition earn-out payables of $310M outstanding as of June 30, 2026, including $190M in uncapped earn-out provisions; maximum contingent payments totaled $371M excluding uncapped arrangements.
Litigation-Related Impact reduced core commissions and fees by $18M in Q2 2026 and $28M for the first six months, with specific identified customer account losses and employee departures in pending multi-jurisdictional litigation.
Escrow liability of $552M (284M shares, 271M cash) established for Accession acquisition indemnification; mark-to-market gain of $69M in first half of 2026 from stock price changes.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.7B

Net Income

Q2 2026

$288.0M

Free Cash Flow

Q2 2026

$329.0M

Operating Margin

Q2 2026

22.9%

ROIC

Q2 2026

7.4%

D/E Ratio

Q2 2026

0.65

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+22.8% YoY

$5.90BFY 2025

FY22 $3.57BFY23 $4.26BFY24 $4.80BFY25 $5.90B

Net Income

+6.1% YoY

$1.05BFY 2025

FY22 $672.0MFY23 $871.0MFY24 $993.0MFY25 $1.05B

EPS (Diluted)

-8.7% YoY

$3.16FY 2025

FY22 $2.37FY23 $3.05FY24 $3.46FY25 $3.16

Total Assets

+70.3% YoY

$29.99BFY 2025

FY22 $13.97BFY23 $14.88BFY24 $17.61BFY25 $29.99B

Total Debt

+105.8% YoY

$8.33BFY 2025

FY22 $4.19BFY23 $4.37BFY24 $4.05BFY25 $8.33B

Op. Cash Flow

+23.5% YoY

$1.45BFY 2025

FY22 $881.0MFY23 $1.01BFY24 $1.17BFY25 $1.45B

Free Cash Flow

+26.6% YoY

$1.38BFY 2025

FY22 $829.0MFY23 $941.0MFY24 $1.09BFY25 $1.38B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$5.90B +22.8%	$4.80B +12.9%	$4.26B +19.1%	$3.57B +17.1%	$3.05B +16.8%	$2.61B
Net Income	$1.05B +6.1%	$993.0M +14.0%	$871.0M +29.6%	$672.0M +14.5%	$587.1M +22.2%	$480.5M
EPS (Diluted)	$3.16 -8.7%	$3.46 +13.4%	$3.05 +28.7%	$2.37 +14.5%	$2.07 +22.5%	$1.69
Total Assets	$29.99B +70.3%	$17.61B +18.3%	$14.88B +6.5%	$13.97B +42.7%	$9.80B +9.2%	$8.97B
Total Debt	$8.33B +105.8%	$4.05B -7.2%	$4.37B +4.1%	$4.19B +103.0%	$2.07B -4.6%	$2.17B
Operating Cash Flow	$1.45B +23.5%	$1.17B +16.2%	$1.01B +14.6%	$881.0M +8.9%	$808.8M +13.4%	$713.0M
Free Cash Flow	$1.38B +26.6%	$1.09B +16.0%	$941.0M +13.5%	$829.0M +8.5%	$763.8M +18.9%	$642.3M

Get alerted when BRO's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Available Research

13F Pro tracks comprehensive data for BROWN & BROWN, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BRO

BlackRock, Inc.
$1.4B22,113,344 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.2B18,941,212 sh
FMR LLC
$1.2B18,405,749 sh
PRINCIPAL FINANCIAL GROUP INC
$1.0B15,721,830 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$938.6M14,631,444 sh
STATE STREET CORP
$931.1M14,514,119 sh
Capital World Investors
$928.0M14,465,915 sh
First Eagle Investment Management, LLC
$752.3M11,727,514 sh
GEODE CAPITAL MANAGEMENT, LLC
$526.0M8,230,737 sh
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.
$430.4M6,709,042 sh

Fund	Value	Shares
BlackRock, Inc.	$1.4B	22,113,344
VANGUARD CAPITAL MANAGEMENT LLC	$1.2B	18,941,212
FMR LLC	$1.2B	18,405,749
PRINCIPAL FINANCIAL GROUP INC	$1.0B	15,721,830
VANGUARD PORTFOLIO MANAGEMENT LLC	$938.6M	14,631,444
STATE STREET CORP	$931.1M	14,514,119
Capital World Investors	$928.0M	14,465,915
First Eagle Investment Management, LLC	$752.3M	11,727,514
GEODE CAPITAL MANAGEMENT, LLC	$526.0M	8,230,737
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.	$430.4M	6,709,042

Companies Similar to BRO

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

CFG

CITIZENS FINANCIAL GROUP INC/RI

AI score

Similar quality profile · 24 shared holders

Capital World Investors Capital International Investors NORDEA INVESTMENT MANAGEMENT AB

KEY

KEYCORP /NEW/

AI score

Similar quality profile · 26 shared holders

Capital World Investors AVIVA PLC APG Asset Management N.V.

BAC

BANK OF AMERICA CORP /DE/

AI score

Similar quality profile · 23 shared holders

Capital World Investors Capital Research Global Investors STOREBRAND ASSET MANAGEMENT AS

MSCI

MSCI Inc.

AI score

Similar quality profile · 27 shared holders

GOBI CAPITAL LLC STOREBRAND ASSET MANAGEMENT AS Capital World Investors

MTB

M&T BANK CORP

AI score

Similar quality profile · 23 shared holders

ABSHER WEALTH MANAGEMENT, LLC APG Asset Management N.V.ROYAL LONDON ASSET MANAGEMENT LTD

PNC

PNC FINANCIAL SERVICES GROUP, INC.

AI score

Similar quality profile · 29 shared holders

Capital Research Global Investors Capital International Investors Vest Financial, LLC

WFC

WELLS FARGO & COMPANY/MN

AI score

Similar quality profile · 27 shared holders

Capital World Investors Capital Research Global Investors STOREBRAND ASSET MANAGEMENT AS

CME

CME GROUP INC.

AI score

Similar quality profile · 20 shared holders

Capital World Investors Capital Research Global Investors STOREBRAND ASSET MANAGEMENT AS

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Financials Companies

View all Financials →

AAAU

Goldman Sachs Physical Gold ETF

AAC

Ares Acquisition Corp III

AACB

Artius II Acquisition Inc.

AACI

Armada Acquisition Corp. III

AACO

Abony Acquisition Corp. I

AACP

Apogee Acquisition Corp

AAME

ATLANTIC AMERICAN CORP

AAMI

Acadian Asset Management Inc.

Put BRO on your watchlist

Track score changes the day BROWN & BROWN, INC. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

Is BRO a good stock to buy?

13F Pro's AI-powered analysis of BROWN & BROWN, INC. (BRO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BRO are available on the BRO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. BRO is classified as a large company.

Which hedge funds own BRO?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BRO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BROWN & BROWN, INC.'s investment landscape.