Brown & Brown reported its third‑quarter 2025 earnings, posting total revenues of $1.606 billion, a 35.4 % year‑over‑year increase. Commissions and fees rose 34.2 %, while organic revenue grew 3.5 %. Income before income taxes was $311 million, down 1.9 % YoY, with a margin of 19.4 % versus 26.7 % in the prior year.
Adjusted EBITDAC reached $587 million, up 41.8 % YoY, and the adjusted margin climbed to 36.6 % from 34.9 %. Net income attributable to the company was $227 million, a 3.0 % decline, yielding diluted EPS of $0.68, down 16.0 % YoY. Adjusted diluted EPS rose 15.4 % to $1.05, reflecting acquisition‑related gains and interest income from recent equity and debt issuances.
CEO J. Powell Brown highlighted the addition of more than 5,000 new teammates during the quarter, largely a result of the Accession acquisition that closed on August 1, 2025. The $9.825 billion purchase was financed with approximately $4 billion in equity and $4 billion in senior notes. Interest income from the June 2025 equity and senior notes offerings was $29 million for the quarter and $42 million for the nine‑month period.
The company also announced a 10 % increase in its quarterly cash dividend and authorized up to $1.5 billion in share buybacks. An earnings call will be held on October 28 to discuss the results in detail.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.