Brown & Brown Future Growth

Future criteria checks 2/6

Brown & Brown is forecast to grow earnings and revenue by 15.1% and 15.5% per annum respectively. EPS is expected to grow by 11% per annum. Return on equity is forecast to be 15.6% in 3 years.

Key information

15.1%

Earnings growth rate

11.00%

EPS growth rate

Insurance earnings growth	6.6%
Revenue growth rate	15.5%
Future return on equity	15.58%
Analyst coverage	Good
Last updated	23 Dec 2025

Recent future growth updates

Brown & Brown, Inc. (NYSE:BRO) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

May 01

Recent updates

Brown & Brown Q2: Softening Insurance Rates Continue

Jul 29

Brown & Brown, Inc. (NYSE:BRO) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

May 01

Brown & Brown: A Shield Against Market Turbulence

Mar 31

Brown & Brown, Inc.'s (NYSE:BRO) Business Is Trailing The Market But Its Shares Aren't

Jan 31

Brown & Brown: Trading Near Fair Value, Hold But The Upside Is Limited (Technical Analysis)

Jul 02

Brown & Brown Insurance: A Fairly Priced Super-Compounder

Apr 12

Madison Investments - Brown & Brown: A Recession-Resistant Investment

Feb 11

Brown & Brown: Premium Rate Increases Boosting Revenue Growth; Initiate With 'Strong Buy'

Jan 27

Brown & Brown: Its Debt Maturity Profile Tells Us To Hold

Dec 06

Earnings and Revenue Growth Forecasts

NYSE:BRO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	7,845	1,399	1,797	N/A	9
12/31/2026	7,333	1,245	1,630	1,715	12
12/31/2025	5,946	1,007	1,371	1,412	11
9/30/2025	5,350	989	1,299	1,367	N/A
6/30/2025	4,956	994	1,264	1,339	N/A
3/31/2025	4,860	1,021	1,288	1,374	N/A
12/31/2024	4,712	981	1,092	1,174	N/A
9/30/2024	4,553	1,039	1,026	1,119	N/A
6/30/2024	4,449	983	912	995	N/A
3/31/2024	4,333	915	893	963	N/A
12/31/2023	4,205	858	941	1,010	N/A
9/30/2023	4,094	736	927	986	N/A
6/30/2023	3,969	720	864	923	N/A
3/31/2023	3,771	675	783	838	N/A
12/31/2022	3,566	659	829	881	N/A
9/30/2022	3,409	616	738	781	N/A
6/30/2022	3,252	602	737	775	N/A
3/31/2022	3,140	595	731	774	N/A
12/31/2021	3,050	574	764	809	N/A
9/30/2021	2,953	572	760	810	N/A
6/30/2021	2,857	562	625	685	N/A
3/31/2021	2,728	523	760	826	N/A
12/31/2020	2,611	465	642	713	N/A
9/30/2020	2,547	460	689	771	N/A
6/30/2020	2,490	441	715	789	N/A
3/31/2020	2,466	437	640	707	N/A
12/31/2019	2,386	399	605	678	N/A
9/30/2019	2,317	395	599	659	N/A
6/30/2019	2,229	386	N/A	596	N/A
3/31/2019	2,128	367	N/A	493	N/A
12/31/2018	2,010	344	N/A	568	N/A
9/30/2018	1,976	458	N/A	484	N/A
6/30/2018	1,920	428	N/A	449	N/A
3/31/2018	1,913	420	N/A	431	N/A
12/31/2017	1,857	400	N/A	442	N/A
9/30/2017	1,817	270	N/A	405	N/A
6/30/2017	1,804	265	N/A	442	N/A
3/31/2017	1,785	267	N/A	469	N/A
12/31/2016	1,763	257	N/A	411	N/A
9/30/2016	1,734	262	N/A	440	N/A
6/30/2016	1,704	256	N/A	423	N/A
3/31/2016	1,676	248	N/A	393	N/A
12/31/2015	1,657	243	N/A	382	N/A
9/30/2015	1,643	210	N/A	390	N/A
6/30/2015	1,632	211	N/A	435	N/A
3/31/2015	1,609	211	N/A	369	N/A
12/31/2014	1,567	207	N/A	385	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRO's forecast earnings growth (15.1% per year) is above the savings rate (3.3%).

Earnings vs Market: BRO's earnings (15.1% per year) are forecast to grow slower than the US market (16.2% per year).

High Growth Earnings: BRO's earnings are forecast to grow, but not significantly.

Revenue vs Market: BRO's revenue (15.5% per year) is forecast to grow faster than the US market (10.7% per year).

High Growth Revenue: BRO's revenue (15.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BRO's Return on Equity is forecast to be low in 3 years time (15.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/24 01:49
End of Day Share Price	2025/12/24 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Brown & Brown, Inc. is covered by 28 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Taylor Scott	Barclays
null null	BMO Capital Markets Equity Research
Michael Zaremski	BMO Capital Markets Equity Research

Brown & Brown Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 8.2% to US$99.50

Price target decreased by 7.3% to US$111

Brown & Brown, Inc. (NYSE:BRO) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Price target increased by 7.3% to US$102

Price target increased by 7.5% to US$84.43

Price target increased by 7.2% to US$84.18

Recent updates

Now 21% overvalued

Now 20% overvalued

Price target decreased by 8.2% to US$99.50

New major risk - Financial position

Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat

Second quarter dividend increased to US$0.17

Brown & Brown, Inc. Announces Quarterly Dividend, Payable on November 12, 2025

Brown & Brown, Inc. Announces Executive Changes

Brown & Brown, Inc. to Report Q3, 2025 Results on Oct 27, 2025

Brown & Brown, Inc. Announces Chief Operating Officer, Steve Hearn to Lead All Operations Outside of North America Across Both the Retail and Specialty Distribution Segments, Effective September 3, 2025

Brown & Brown, Inc. Appoints Joia M. Johnson to Its Board

Price target decreased by 7.3% to US$111

Brown & Brown, Inc. (NYSE:BRO) completed the acquisition of RSC Topco, Inc. from Kelso & Company, L.P. and others.

New minor risk - Shareholder dilution

Second quarter 2025 earnings: EPS misses analyst expectations

Brown & Brown Q2: Softening Insurance Rates Continue

First quarter dividend of US$0.15 announced

Brown & Brown, Inc. Declares Quarterly Dividend, Payable on August 20, 2025

Brown & Brown, Inc. to Report Q2, 2025 Results on Jul 28, 2025

Brown & Brown, Inc. has completed a Follow-on Equity Offering in the amount of $4 billion.

Brown & Brown, Inc. has filed a Follow-on Equity Offering in the amount of $4 billion.

Brown & Brown, Inc. Announces Principal Accounting Officer Changes, Effective May 7, 2025

First quarter dividend of US$0.15 announced

Brown & Brown, Inc. (NYSE:BRO) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

First quarter 2025 earnings: Revenues and EPS in line with analyst expectations

Brown & Brown, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 21, 2025

Brown & Brown, Inc. to Report Q1, 2025 Results on Apr 28, 2025

Brown & Brown: A Shield Against Market Turbulence

Brown & Brown, Inc., Annual General Meeting, May 07, 2025

Brown & Brown, Inc. Appoints Stephen P. Hearn as Executive Vice President and Chief Operating Officer

Brown & Brown, Inc.'s (NYSE:BRO) Business Is Trailing The Market But Its Shares Aren't

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Third quarter dividend of US$0.15 announced

Brown & Brown, Inc. Announces Quarterly Cash Dividend, Payable on February 12, 2025

Brown & Brown - Why The Outperformance, And Where It Could Go 2025-2027

Is Now The Time To Put Brown & Brown (NYSE:BRO) On Your Watchlist?

Brown & Brown, Inc. to Report Q4, 2024 Results on Jan 27, 2025

Chairman of the Board recently sold US$47m worth of stock

Brown & Brown's Price Is Up, But Value Isn't Much Different

Brown & Brown, Inc. (NYSE:BRO) completed the acquisition of Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Second quarter dividend increased to US$0.15

Brown & Brown, Inc. Declares Quarterly Cash Dividend, Payable on November 13, 2024

Brown & Brown, Inc. (NYSE:BRO) acquired The assets of The Canopy Group.

Brown & Brown, Inc. to Report Q3, 2024 Results on Oct 28, 2024

Chairman of the Board recently sold US$14m worth of stock

Chairman of the Board notifies of intention to sell stock

Brown & Brown Q2: Strong Insurance Premium Growth Continues

Brown & Brown, Inc. Appoints Stephen P. Hearn to Board of Directors

Brown & Brown, Inc. (NYSE:BRO)entered into an agreement to acquire Quintes Holding B.V. from Aquiline Capital Partners LLC, Gijsbert van de Nieuwegiessen and the shareholders of Quintes Holding BV.

Price target increased by 7.3% to US$102

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter dividend of US$0.13 announced

Brown & Brown, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 14, 2024

Brown & Brown, Inc. to Report Q2, 2024 Results on Jul 22, 2024

Brown & Brown: Trading Near Fair Value, Hold But The Upside Is Limited (Technical Analysis)

First quarter dividend of US$0.13 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Brown & Brown Insurance: A Fairly Priced Super-Compounder

Brown & Brown, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Brown & Brown, Inc., Annual General Meeting, May 08, 2024

Chairman of the Board recently sold US$20m worth of stock

Chairman of the Board notifies of intention to sell stock

Price target increased by 7.5% to US$84.43

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Madison Investments - Brown & Brown: A Recession-Resistant Investment

Price target increased by 7.2% to US$84.18

Brown & Brown: Premium Rate Increases Boosting Revenue Growth; Initiate With 'Strong Buy'

Upcoming dividend of US$0.13 per share at 0.7% yield