Brown & Brown, Inc. announced its unaudited financial results for the fourth quarter and full year of 2025.
For the fourth quarter ended Dec. 31, 2025, the company achieved:
- Total revenues of $1.6 billion, increasing $423 million, or 35.7%, compared to the fourth quarter of the prior year, with Organic Revenue decreasing 2.8%.
- Income before income taxes of $321 million, increasing 16.7%, with Income Before Income Taxes Margin of 20%, compared to 23.2% in the fourth quarter of the prior year.
- EBITDAC – Adjusted of $529 million, increasing 35.6%, with EBITDAC Margin – Adjusted of 32.9%, compared to 32.9% in the fourth quarter of the prior year.
- Net income attributable to the company of $264 million, increasing $54 million, or 25.7%, compared to the fourth quarter of the prior year.
- Diluted net income per share of $0.59, a decrease of 19.2%, with Diluted Net Income Per Share – Adjusted increasing to $0.93, or 8.1%, each compared to the fourth quarter of the prior year.
For the 12 months ended Dec. 31, 2025, the company achieved:
- Total revenues of $5.9 billion, increasing $1.1 billion, or 22.8%, compared to 2024, with Organic Revenue increasing 2.8%.
- Income before income taxes of $1.4 billion, increasing 5.2%, with Income Before Income Taxes Margin of 23.2%, compared to 27.1% in 2024.
- EBITDAC – Adjusted of $2.1 billion, increasing 25.6%, with an increase in EBITDAC Margin – Adjusted to 35.9% from 35.2% in 2024.
- Net income attributable to the company of $1.1 billion, increasing $61 million, or 6.1%, compared to 2024.
- Diluted net income per share of $3.16, a decrease of 8.7%, with Diluted Net Income Per Share – Adjusted increasing to $4.26, or 10.9%, each compared to 2024.
J. Powell Brown, president and chief executive officer of the company, noted, “2025 was another great year for the Brown & Brown team highlighted by the acquisition of Accession along with strong revenue growth, double-digit adjusted diluted net income per share growth and good adjusted margin expansion.”
