Brown & Brown (BRO) Stock Analysis

November 11, 2026

This is a peer-relative look at Brown & Brown (BRO): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Insurance peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Brown & Brown (BRO)
Profile Item	BRO
Name	Brown & Brown Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Insurance
GICS Industry	Insurance
GICS Sub-Industry	Insurance Brokers
Market Capitalization	23.92 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 11, 1981
Security Type	Common Stock

Price Performance

Cumulative Growth

BRO

GSPC

Brown & Brown (BRO) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Brown & Brown (BRO) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Brown & Brown (BRO) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
Total Return (1Y)	-8.59%	13.21%
Total Return (3Y, Annualized)	0.40%	16.41%
Total Return (5Y, Annualized)	3.19%	10.37%

Risk Profile

Drawdown History

BRO

GSPC

Brown & Brown (BRO) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Brown & Brown (BRO) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
Volatility (1Y, Annualized)	32.50%	28.84%
Beta (5Y)	0.51	0.50
Max Drawdown (5Y)	-55.85%	-38.77%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BRO is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
Sharpe Ratio (1Y)	-0.40	0.28
Sortino Ratio (1Y)	-0.57	0.41

Profitability

ROE (TTM)

Brown & Brown (BRO) posts ROE of 9.80%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

BRO

Insurance industry group

9.80%

Group distribution

Max: 41.68%
Q3: 22.04%
Median: 14.81%
BRO: 9.80%
Q1: 8.79%
Min: -10.66%

Largest peers

PGR: 33.24%
TRV: 27.50%
MRSH: 27.24%
CB: 14.25%
MFC: 12.24%
BRO: 9.80%
AJG: 7.21%

Where Brown & Brown (BRO) stands on ROE within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Brown & Brown (BRO) keeps 17.88% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

BRO

Insurance industry group

17.88%

Group distribution

Max: 29.92%
BRO: 17.88%
Q3: 17.03%
Median: 10.97%
Q1: 6.21%
Min: -4.68%

Largest peers

MFC: 18.97%
CB: 18.13%
BRO: 17.88%
TRV: 17.03%
MRSH: 14.20%
PGR: 12.67%
AJG: 10.78%

Where Brown & Brown (BRO) stands on net margin within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Brown & Brown (BRO) in Insurance: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
ROE (TTM)	9.80%	14.81%
ROA (TTM)	3.89%	2.72%
Net Margin (TTM)	17.88%	10.97%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Brown & Brown (BRO) grew revenue 22.49%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Brown & Brown (BRO): Revenue Growth across different time periods, set against Insurance industry-group medians.

EPS Growth

Brown & Brown (BRO) grew earnings per share -8.67%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Brown & Brown (BRO): EPS Growth across different time periods, set against Insurance industry-group medians.

Growth Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
Revenue Growth (YoY)	22.49%	7.89%
Revenue Growth (3Y CAGR)	17.38%	11.40%
EPS Growth (YoY)	-8.67%	21.77%
EPS Growth (3Y CAGR)	10.06%	18.46%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Brown & Brown (BRO) in Insurance: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Brown & Brown (BRO) in Insurance: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Brown & Brown (BRO) has dividend yield of 0.89%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

BRO

Insurance industry group

0.89%

Group distribution

Max: 5.12%
Q3: 2.15%
Median: 0.98%
BRO: 0.89%
Q1: 0.00%
Min: 0.00%

Largest peers

MFC: 4.32%
MRSH: 1.80%
TRV: 1.17%
CB: 1.07%
AJG: 0.95%
BRO: 0.89%
PGR: 0.17%

Where Brown & Brown (BRO) stands on dividend yield within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Brown & Brown (BRO) has payout ratio of 20.89%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

BRO

Insurance industry group

20.89%

Group distribution

Max: 76.67%
Q3: 35.18%
BRO: 20.89%
Median: 14.74%
Q1: 0.00%
Min: 0.00%

Largest peers

PGR: 70.03%
MFC: 54.30%
MRSH: 44.14%
AJG: 41.98%
BRO: 20.89%
CB: 13.95%
TRV: 12.36%

Where Brown & Brown (BRO) stands on payout ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
Dividend Yield (TTM)	0.89%	0.98%
Dividend Payout Ratio (TTM)	20.89%	14.74%

Valuation

P/E Ratio (TTM)

Brown & Brown (BRO) trades at P/E ratio of 22.82, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

BRO

Insurance industry group

22.82

Group distribution

Max: 28.37
BRO: 22.82
Q3: 18.75
Median: 12.23
Q1: 9.08
Min: 2.32

Largest peers

AJG: 42.99
MRSH: 24.50
BRO: 22.82
MFC: 17.23
CB: 12.79
PGR: 11.47
TRV: 10.39

Where Brown & Brown (BRO) stands on P/E ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Brown & Brown (BRO) trades at 3.51 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

BRO

Insurance industry group

3.51

Group distribution

Max: 4.03
BRO: 3.51
Q3: 2.25
Median: 1.23
Q1: 0.85
Min: 0.07

Largest peers

AJG: 4.58
BRO: 3.51
MRSH: 3.42
CB: 2.25
MFC: 2.11
TRV: 1.66
PGR: 1.44

Where Brown & Brown (BRO) stands on P/S ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Brown & Brown (BRO) trades at 1.87 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

BRO

Insurance industry group

1.87

Group distribution

Max: 5.07
Q3: 2.79
BRO: 1.87
Median: 1.76
Q1: 1.23
Min: 0.30

Largest peers

MRSH: 6.64
PGR: 3.82
AJG: 3.00
TRV: 2.79
MFC: 2.13
CB: 1.91
BRO: 1.87

Where Brown & Brown (BRO) stands on P/B ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Brown & Brown (BRO) metric values compared with Insurance industry-group medians
Metric	Current stock: BRO	Industry group median
P/E Ratio (TTM)	22.82	12.23
P/S Ratio (TTM)	3.51	1.23
P/B Ratio (MRQ)	1.87	1.76
Free Cash Flow Yield (TTM)	--	--