Key Takeaways Wholesale Brokerage provides earnings diversity and resilience across insurance cycles.Recurring commissions, acquisitions, and retention support sustainable expansion.Management projects Wholesale Brokerage as a key growth engine in 2025.Wholesale Brokerage is a cornerstone of Brown & Brown, Inc.’s (BRO) platform, providing earnings diversity and reinforcing the company’s resilience across insurance cycles. Its ability to generate consistent commissions while expanding into specialized market ...