Brown & Brown, Inc. (NYSE: BRO) shares traded around 79.18 on Tuesday, near the lower end of its 52-week range of 76.17 to 125.68. The insurance brokerage firm announced its fourth-quarter and full-year 2025 financial results, reporting a significant increase in total revenue for the quarter.
Quarterly Performance
For the fourth quarter ended December 31, 2025, Brown & Brown reported total revenues of 1.6 billion, marking a 35.7% increase compared to 1.18 billion in the same period of 2024. Despite the strong top-line growth driven by acquisitions, the company’s organic revenue experienced a decrease of 2.8%. Diluted net income per share stood at 0.59, down 19.2% from 0.73 in Q4 2024. Adjusted diluted net income per share, a non-GAAP measure, increased 8.1% to 0.93 from 0.86 year-over-year. The adjusted EBITDAC margin remained flat at 32.9%.
Full-Year Review
For the full fiscal year 2025, Brown & Brown’s total revenues climbed 22.8% to 5.9 billion, up from 4.8 billion in 2024. Full-year organic revenue grew by 2.8%. Adjusted diluted net income per share for the full year increased 10.9% to 4.26 from 3.84 in the prior year.
Analyst Activity
There were no specific analyst upgrades, downgrades, or price target changes reported today in connection with the earnings release. Recent broader market sentiment has noted some analyst downgrades and concerns regarding softer property and casualty pricing.