Brown & Brown, Inc. announces third quarter 2025 results, including total revenues of $1.6 billion, an increase of 35.4%; Organic Revenue growth of 3.5%; diluted net income per share of $0.68; and Diluted Net Income Per Share - Adjusted of $1.05

Core Insights - Brown & Brown, Inc. reported a revenue of $1.6 billion for Q3 2025, marking a 35.4% increase year-over-year, with commissions and fees rising by 34.2% and organic revenue growing by 3.5% [2][3] - The company's net income attributable to the Company was $227 million, a decrease of 3.0% compared to the previous year, while diluted net income per share fell to $0.68, down 16.0% [2][3] - For the nine months ending September 30, 2025, total revenues reached $4.3 billion, an 18.6% increase from the same period in 2024, with net income attributable to the Company increasing by 0.9% to $790 million [3][11] Financial Performance - Income before income taxes for Q3 2025 was $311 million, a slight decrease of 1.9% from the prior year, with the income before income taxes margin dropping to 19.4% from 26.7% [2][9] - EBITDAC - Adjusted for Q3 2025 was $587 million, reflecting a 41.8% increase year-over-year, with the EBITDAC margin - Adjusted rising to 36.6% from 34.9% [2][9] - For the nine-month period, EBITDAC - Adjusted was $1.6 billion, a 22.6% increase, with the EBITDAC margin - Adjusted improving to 37.1% from 35.9% [3][9] Operational Highlights - The company welcomed over 5,000 new employees in Q3 2025, enhancing its operational capabilities [4] - The increase in cash and cash equivalents was significant, with total current assets reaching $8.1 billion as of September 30, 2025, compared to $6.9 billion at the end of 2024 [13][14] - The company reported a total of $29 million and $42 million in interest income for Q3 and the nine months ended September 30, 2025, respectively, from its follow-on common stock offering and senior notes issuance [10] Market Position - Brown & Brown, Inc. operates as a leading insurance brokerage firm with a global presence across 700+ locations and a workforce of over 23,000 professionals [19] - The company continues to focus on delivering comprehensive and customized insurance solutions, indicating a strong commitment to growth and customer service [19]