- Brown & Brown, Inc. (BRO, Financial) reports an 11.6% increase in total revenues to $1.4 billion for Q1 2025.
- The company recorded a 13.0% rise in net income to $331 million, with diluted earnings per share up 12.7% to $1.15.
- A quarterly cash dividend of $0.15 per share was declared, payable on May 21, 2025, to shareholders of record on May 12, 2025.
Brown & Brown, Inc. (BRO) has announced its first quarter 2025 financial results, highlighting robust performance with total revenues reaching $1.4 billion, marking an 11.6% increase over the previous year. The company's organic revenue grew by 6.5% and commissions and fees saw a 12.0% increase, showcasing strong operational momentum.
The company achieved a significant boost in profitability metrics with net income rising to $331 million, a 13.0% increase compared to Q1 2024. Diluted earnings per share (EPS) saw a pronounced growth of 12.7% to $1.15, while adjusted diluted earnings per share climbed 13.2% to $1.29.
Brown & Brown's EBITDAC - Adjusted, a key performance indicator in the insurance brokerage industry, rose 14.8% to $535 million. The EBITDAC margin improved from 37.0% to 38.1%, reflecting enhanced operational efficiency. Income before income taxes also increased notably by 17.3% to $427 million, resulting in a margin expansion to 30.4% from 28.9% year-over-year.
The Board of Directors has approved a quarterly cash dividend of $0.15 per share, which will be distributed on May 21, 2025, to shareholders recorded by May 12, 2025. This decision underscores the company's commitment to returning value to its shareholders while maintaining a solid financial footing with $669 million in cash and cash equivalents.
Overall, Brown & Brown's Q1 2025 performance reflects its ongoing capability to drive organic growth, integrate acquisitions effectively, and expand profit margins, positioning it well for sustained success in the insurance brokerage market.
