Brown & Brown (BRO) 10-K Summary — Year Ended Dec 31, 2024
Brown & Brown, Inc. disclosed its annual financial results for the most recent fiscal year. The filing provides an overview of the company's business, risk factors, and management's discussion of financial condition and operations.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Brown & Brown, Inc. disclosed its annual financial results for the most recent fiscal year. The filing provides an overview of the company's business, risk factors, and management's discussion of financial condition and operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.8B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$993M
Net income reported for the year.
Operating cash flow
$1.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $3.1B | n/a |
| Dec 31, 2022 | $3.6B | +17.1% |
| Dec 31, 2023 | $4.3B | +19.1% |
| Dec 31, 2024 | $4.8B | +12.9% |
Business overview
The company operates in the insurance brokerage industry, offering a range of insurance products and services. Its business segments and operations are described in the filing's Business section, including details on revenue sources and market presence.
Financial performance
The company's total revenue increased compared to the prior period. Net income and operating cash flow were reported at positive levels, indicating profitability and solid cash generation from operations.
Material risks
Material risks identified in the filing include factors related to regulatory changes, competitive pressures, and potential disruptions in the insurance markets. The company also notes risks associated with cybersecurity and economic conditions that could affect its operations.
Liquidity and capital
The company discusses liquidity and capital resources in conjunction with its financial statements, emphasizing the availability of cash flows and credit facilities to support operations and growth initiatives.
What to watch
Readers should monitor the company's revenue trend and any changes in its risk factor disclosures in the next filing.