Brown & Brown (BRO) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Brown & Brown Revenue Highlights

Latest Revenue (Y)

$4.26B

Latest Revenue (Q)

$1.19B

Main Segment (Y)

Core Commission Revenue

Main Geography (Y)

UNITED STATES

Brown & Brown Revenue by Period

Brown & Brown Revenue by Year

Date	Revenue	Change
2023-12-31	$4.26B	19.13%
2022-12-31	$3.57B	17.26%
2021-12-31	$3.05B	16.94%
2020-12-31	$2.61B	9.28%
2019-12-31	$2.38B	18.65%
2018-12-31	$2.01B	8.22%
2017-12-31	$1.86B	5.36%
2016-12-31	$1.76B	6.39%
2015-12-31	$1.66B	5.71%
2014-12-31	$1.57B	15.64%
2013-12-31	$1.36B	12.96%
2012-12-31	$1.20B	18.40%
2011-12-31	$1.01B	4.11%
2010-12-31	$973.49M	0.58%
2009-12-31	$967.88M	-0.99%
2008-12-31	$977.55M	1.86%
2007-12-31	$959.67M	9.30%
2006-12-31	$878.00M	12.26%
2005-12-31	$782.12M	20.90%
2004-12-31	$646.93M	17.40%
2003-12-31	$551.04M	20.91%
2002-12-31	$455.74M	24.85%
2001-12-31	$365.03M	74.07%
2000-12-31	$209.71M	18.87%
1999-12-31	$176.41M	14.71%
1998-12-31	$153.79M	19.04%
1997-12-31	$129.19M	8.86%
1996-12-31	$118.68M	11.58%
1995-12-31	$106.36M	6.89%
1994-12-31	$99.51M	4.09%
1993-12-31	$95.60M	-

Brown & Brown generated $4.26B in revenue during NA 2023, up 19.13% compared to the previous quarter, and up 211.81% compared to the same period a year ago.

Brown & Brown Revenue by Quarter

Date	Revenue	Change
2024-09-30	$1.19B	0.68%
2024-06-30	$1.18B	-6.36%
2024-03-31	$1.26B	22.59%
2023-12-31	$1.03B	-3.89%
2023-09-30	$1.07B	1.95%
2023-06-30	$1.05B	-6.16%
2023-03-31	$1.12B	23.81%
2022-12-31	$901.40M	-2.82%
2022-09-30	$927.60M	10.47%
2022-06-30	$839.70M	-7.18%
2022-03-31	$904.70M	22.60%
2021-12-31	$737.90M	-4.13%
2021-09-30	$769.70M	6.03%
2021-06-30	$725.90M	-10.82%
2021-03-31	$814.00M	27.19%
2020-12-31	$640.00M	-4.68%
2020-09-30	$671.40M	12.24%
2020-06-30	$598.20M	-14.11%
2020-03-31	$696.50M	20.71%
2019-12-31	$577.00M	-6.54%
2019-09-30	$617.40M	7.77%
2019-06-30	$572.90M	-7.22%
2019-03-31	$617.50M	21.63%
2018-12-31	$507.70M	-4.17%
2018-09-30	$529.80M	12.25%
2018-06-30	$472.00M	-5.68%
2018-03-31	$500.40M	5.70%
2017-12-31	$473.40M	-0.25%
2017-09-30	$474.60M	2.13%
2017-06-30	$464.70M	4.52%
2017-03-31	$444.60M	2.66%
2016-12-31	$433.10M	-6.21%
2016-09-30	$461.80M	3.64%
2016-06-30	$445.60M	5.49%
2016-03-31	$422.40M	4.54%
2015-12-31	$404.06M	-6.44%
2015-09-30	$431.86M	3.50%
2015-06-30	$417.24M	3.33%
2015-03-31	$403.78M	3.49%
2014-12-31	$390.15M	-7.24%
2014-09-30	$420.62M	6.57%
2014-06-30	$394.69M	9.03%
2014-03-31	$362.01M	6.67%
2013-12-31	$339.36M	-5.26%
2013-09-30	$358.20M	10.50%
2013-06-30	$324.15M	-2.89%
2013-03-31	$333.79M	14.36%
2012-12-31	$291.88M	-3.92%
2012-09-30	$303.80M	4.43%
2012-06-30	$290.92M	-3.82%
2012-03-31	$302.49M	23.92%
2011-12-31	$244.10M	-6.26%
2011-09-30	$260.40M	5.50%
2011-06-30	$246.82M	-5.88%
2011-03-31	$262.23M	14.04%
2010-12-31	$229.94M	-7.14%
2010-09-30	$247.62M	1.62%
2010-06-30	$243.66M	-3.41%
2010-03-31	$252.27M	17.80%
2009-12-31	$214.16M	-12.14%
2009-09-30	$243.77M	-1.06%
2009-06-30	$246.37M	-6.53%
2009-03-31	$263.58M	13.57%
2008-12-31	$232.09M	-6.05%
2008-09-30	$247.03M	2.20%
2008-06-30	$241.72M	-5.84%
2008-03-31	$256.71M	-

Brown & Brown generated $1.19B in revenue during Q3 2024, up 0.68% compared to the previous quarter, and up 113.24% compared to the same period a year ago.

Brown & Brown Revenue Breakdown

Brown & Brown Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Core Commission Revenue	$2.87B	$2.38B	$2.01B	$1.00K	$-128.00K
Profit Sharing Contingent Commission Revenue	$129.90M	$88.70M	$82.23M	-	-
Other Supplemental Commissions Revenue	$177.80M	$159.20M	-	-	-
Fee Revenue	$996.50M	$911.20M	$833.03M	$-1.29M	$-1.16M
Earned premium	-	$26.40M	-	-	-
Incentive Commission Revenue	-	-	$103.25M	$31.00K	$27.00K
Guaranteed Supplemental Commission Revenue	-	-	$19.00M	-	-

Brown & Brown's latest annual revenue breakdown by segment (product or service), as of Dec 23: Core Commission Revenue (68.74%), Fee Revenue (23.89%), Other Supplemental Commissions Revenue (4.26%), and Profit Sharing Contingent Commission Revenue (3.11%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Retail	$641.00M	$646.00M	$806.00M	$312.56M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wholesale Brokerage	$171.00M	$159.00M	$142.00M	$88.85M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Core Commission Revenue	-	-	$864.00M	$690.90M	$721.00M	$708.90M	$746.70M	$601.80M	$630.10M	$556.90M	$589.10M	$488.57M	$25.00K	$1.00K	$7.00K	$-141.00K	-	-	-	-
Fee Revenue	-	-	$227.00M	$248.80M	$257.80M	$251.90M	$238.00M	$224.40M	$246.10M	$234.20M	$206.60M	$214.57M	$-428.00K	$-500.00K	$-424.00K	$-323.00K	$-323.00K	$-322.00K	$-297.00K	-
Other Supplemental Commissions Revenue	-	-	$90.00M	$30.40M	$31.10M	$29.80M	$86.50M	$30.30M	$29.60M	$20.20M	$78.90M	-	-	-	-	-	-	-	-	-
Profit Sharing Contingent Commission Revenue	-	-	$46.00M	$42.20M	$27.30M	$33.60M	$26.80M	$30.20M	$7.80M	$22.10M	$28.60M	$19.06M	-	-	-	-	-	-	-	-
Earned premium	-	-	-	-	-	$11.70M	$10.00M	$8.30M	$11.60M	$5.30M	$1.10M	-	-	-	-	-	-	-	-	-
Incentive Commission Revenue	-	-	-	-	-	-	-	-	-	-	-	$11.27M	$17.00K	$14.00K	$1.00K	$4.00K	-	-	-	-
Guaranteed Supplemental Commission Revenue	-	-	-	-	-	-	-	-	-	-	-	$4.43M	-	-	-	-	-	-	-	-
Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$42.93M	-	-
National Programs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$154.67M	-	-

Brown & Brown's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Retail (78.94%), and Wholesale Brokerage (21.06%).

Brown & Brown Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other Country	$13.90M	$8.90M	-	-	-
UNITED STATES	$3.73B	$3.33B	-	-	-
CANADA	$35.40M	$23.60M	-	-	-
IRELAND	-	$38.10M	-	-	-
London Ireland Bermuda Cayman Islands and Canada	-	-	$78.00M	-	-
London Bermuda And Cayman Islands Operations	-	-	-	$35.10M	$17.70M

Brown & Brown's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (98.70%), CANADA (0.94%), and Other Country (0.37%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Jun 22	Mar 22	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
UNITED KINGDOM	$133.00M	$144.00M	$131.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IRELAND	$9.00M	$12.00M	$12.00M	$8.70M	$11.00M	$11.30M	-	-	-	-	-	-	-	-	-	-	-	-
CANADA	$10.00M	$11.00M	$9.00M	$10.00M	$9.70M	$10.40M	$5.30M	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	$1.03B	$1.01B	$1.10B	$872.70M	$941.70M	$917.50M	$998.20M	-	-	-	-	-	-	-	-	-	-	-
Other Country	-	-	$7.00M	$5.30M	$2.00M	$3.50M	$3.10M	-	-	-	-	-	-	-	-	-	-	-
Bermuda Cayman Islands Ireland And London Operations	-	-	-	-	-	-	-	$20.30M	$20.40M	$17.40M	$19.10M	$17.50M	-	-	-	-	-	-
London Bermuda And Cayman Islands Operations	-	-	-	-	-	-	-	-	-	-	-	-	$9.70M	$9.10M	$9.20M	$3.90M	$5.30M	$4.40M

Brown & Brown's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (87.15%), UNITED KINGDOM (11.24%), CANADA (0.85%), and IRELAND (0.76%).

Brown & Brown Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MMC	Marsh & McLennan Companies	$22.74B	$5.70B
AON	Aon	$13.38B	$3.65B
WTW	Willis Towers Watson Public Limited Company	$9.48B	$1.81B
BRO	Brown & Brown	$4.26B	$1.19B
FANH	Fanhua	$3.20B	$603.39M
BRP	Baldwin Insurance Group	$1.22B	$380.37M
CRVL	CorVel	$795.31M	$224.38M
ERIE	Erie Indemnity Company	$28.97M	$999.89M
AJG	Arthur J. Gallagher	$1.70M	$2.81B

BRO Revenue FAQ

What is Brown & Brown’s yearly revenue?

Brown & Brown's yearly revenue for 2023 was $4.26B, representing an increase of 19.13% compared to 2022. The company's yearly revenue for 2022 was $3.57B, representing an increase of 17.26% compared to 2021. BRO's yearly revenue for 2021 was $3.05B, representing an increase of 16.94% compared to 2020.

What is Brown & Brown’s quarterly revenue?

Brown & Brown's quarterly revenue for Q3 2024 was $1.19B, a 0.68% increase from the previous quarter (Q2 2024), and a 11.08% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.18B, a -6.36% decrease from the previous quarter (Q1 2024), and a 12.48% increase year-over-year (Q2 2023). BRO's quarterly revenue for Q1 2024 was $1.26B, a 22.59% increase from the previous quarter (Q4 2023), and a 12.72% increase year-over-year (Q1 2023).

What is Brown & Brown’s revenue growth rate?

Brown & Brown's revenue growth rate for the last 3 years (2021-2023) was 39.69%, and for the last 5 years (2019-2023) was 78.52%.

What are Brown & Brown’s revenue streams?

Brown & Brown's revenue streams in c 23 are Core Commission Revenue, Profit Sharing Contingent Commission Revenue, Other Supplemental Commissions Revenue, and Fee Revenue. Core Commission Revenue generated $2.87B in revenue, accounting 68.74% of the company's total revenue, up 20.60% year-over-year. Profit Sharing Contingent Commission Revenue generated $129.9M in revenue, accounting 3.11% of the company's total revenue, up 46.45% year-over-year. Other Supplemental Commissions Revenue generated $177.8M in revenue, accounting 4.26% of the company's total revenue, up 11.68% year-over-year. Fee Revenue generated $996.5M in revenue, accounting 23.89% of the company's total revenue, up 9.36% year-over-year.

What is Brown & Brown’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Brown & Brown was Core Commission Revenue. This segment made a revenue of $2.87B, representing 68.74% of the company's total revenue.