Brown & Brown Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Brown & Brown Inc (BRO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Retail | $1.47B 56.4% | $1.77B 57.9% · +20.0% | $2.16B 60.5% · +22.0% | $2.51B 59.4% · +16.3% | $2.73B 57.5% · +8.8% | $3.41B 58.6% · +24.8% |
| Specialty Distribution | – | – | – | $1.71B 40.6% | $2.02B 42.5% · +17.6% | $2.41B 41.4% · +19.5% |
| National Programs | $610.6M 23.4% | $701.9M 23.0% · +15.0% | – | – | – | – |
| Wholesale Brokerage | $352.8M 13.5% | $403.4M 13.2% · +14.3% | $453.0M 12.7% · +12.3% | – | – | – |
| Services | $174.0M 6.7% | $178.9M 5.9% · +2.8% | – | – | – | – |
| Programs | – | – | $958.0M 26.8% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 |
|---|---|---|
| U.S. | $2.58B 97.3% | $2.97B 96.1% · +15.3% |
| Bermuda, Canada, Cayman Islands, Ireland and the United Kingdom | – | $78.0M 2.5% |
| Canada | $16.2M 0.6% | $21.3M 0.7% · +31.5% |
| U.K. | $12.7M 0.5% | $15.5M 0.5% · +22.0% |
| Other | $6.2M 0.2% | $7.1M 0.2% · +14.5% |
| England, Bermuda, Cayman Islands and Ireland | $35.1M 1.3% | – |
| Ireland | $0 0.0% | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Core Commission Revenue | $1.75B 67.2% | $2.01B 66.0% · +14.8% | $2.38B 66.7% · +18.3% | $2.87B 68.3% · +20.7% |
| Fee Revenue | $674.0M 25.9% | $833.0M 27.3% · +23.6% | $912.0M 25.6% · +9.5% | $1.00B 23.7% · +9.1% |
| Other Supplemental Commissions Revenue | $109.7M 4.2% | $122.3M 4.0% · +11.5% | $159.0M 4.5% · +30.0% | $178.0M 4.2% · +11.9% |
| Profit-Sharing Contingent Commission Revenue | $71.0M 2.7% | $82.2M 2.7% · +15.8% | $89.0M 2.5% · +8.3% | $130.0M 3.1% · +46.1% |
| Earned premium | $0 0.0% | $0 0.0% | $26.0M 0.7% | $28.0M 0.7% · +7.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.