Insurance brokerage Brown & Brown, in its unaudited 2025 first quarter results, reported revenue growth of $146 million, or 11.6% to $1.4 billion, under US GAAP, compared to total revenues of $1.2 billion in Q1’24.
For Q1’25, the firm’s income before income taxes was $427 million, a 17.3% increase from the comparative quarter.
The income before income taxes margin increased to 30.4% from 28.9%. EBITDAC – Adjusted was $535 million, a 14.8% increase from Q1’24, while EBITDAC Margin – Adjusted increased to 38.1% in Q1’25 from 37%.
This year’s first quarter net income attributable to the broker was $331 million, increasing $38 million, or 13%. While the diluted net income per share increased to $1.15, or 12.7%.
Commissions and fees increased by 12%, and organic revenue grew by 6.5%.
J. Powell Brown, President and Chief Executive Officer, Brown & Brown, commented, “We continue to execute our plan and are pleased with our performance for the quarter.”
Additionally, the broker’s Board of Directors has declared a regular quarterly cash dividend of $0.15 per share.
In February, Steven Hearn, an industry veteran, joined the broker as the Vice President and Chief Operating Officer (COO).
