Brown & Brown, Inc. announced its unaudited financial results for the second quarter of 2025.
Revenues for the second quarter of 2025 under U.S. generally accepted accounting principles (GAAP) were $1.3 billion, increasing $107 million, or 9.1%, compared to the second quarter of the prior year, with commissions and fees increasing by 8.2% and Organic Revenue increasing by 3.6%. Income before income taxes was $311 million, decreasing 10.1% from the second quarter of the prior year with Income Before Income Taxes Margin decreasing to 24.2% from 29.4%.
EBITDAC – Adjusted was $471 million, increasing 12.1% from the second quarter of the prior year with EBITDAC Margin – Adjusted increasing to 36.7% from 35.7%. Net income attributable to the company was $231 million, decreasing $26 million, or 10.1%, and diluted net income per share decreased to $0.78, or 13.3%, with Diluted Net Income Per Share – Adjusted increasing to $1.03, or 10.8%, each as compared to the second quarter of the prior year.
Revenues for the six months ended June 30 under GAAP were $2.7 billion, increasing $254 million, or 10.4%, as compared to the same period in 2024, with commissions and fees increasing by 10.2%, and Organic Revenue increasing by 5.1%. Income before income taxes was $738 million, increasing 3.7% with Income Before Income Taxes Margin decreasing to 27.4% from 29.2% as compared to the same period in 2024. EBITDAC – Adjusted was $1 billion, which was an increase of 13.6% and EBITDAC Margin – Adjusted increased to 37.4% from 36.3% as compared to the same period in 2024. Net income attributable to the company was $563 million, increasing $13 million, or 2.4%, with diluted net income per share increasing to $1.93, or 0.5%, and Diluted Net Income Per Share – Adjusted increasing to $2.32, or 12.1%, each as compared to the same period in 2024.
J. Powell Brown, president and chief executive officer of the company, said, “We are pleased with the earnings for the quarter and have good momentum as we head into the second half of the year.”
