Brown & Brown (BRO) Revenue & Revenue Breakdown
Brown & Brown Revenue Highlights
Latest Revenue (Y)
$4.26B
Latest Revenue (Q)
$1.18B
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 |
|---|---|---|
| 2024-06-30 | $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 $1.18B in revenue during Q2 2024, up -6.36% compared to the previous quarter, and up 105.56% 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 |
| Fee Revenue | $996.50M | $911.20M | $833.03M | $-1.29M | $-1.16M |
| Other Supplemental Commissions Revenue | $177.80M | $159.20M | - | - | - |
| Profit Sharing Contingent Commission Revenue | $129.90M | $88.70M | $82.23M | - | - |
| Earned premium | - | $26.40M | - | - | - |
| Guaranteed Supplemental Commission Revenue | - | - | $19.00M | - | - |
| Incentive Commission Revenue | - | - | $103.25M | $31.00K | $27.00K |
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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wholesale Brokerage | $159.00M | $142.00M | $88.85M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Retail | $646.00M | $806.00M | $312.56M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $13.00K | - | - | - | - |
| 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 | $-288.00K | - |
| 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 | $5.00K | - | - | - | - |
| 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 Jun 24: Retail (80.25%), and Wholesale Brokerage (19.75%).
Brown & Brown Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $3.73B | $3.33B | - | - | - |
| Other Country | $13.90M | $8.90M | - | - | - |
| 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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CANADA | $11.00M | $9.00M | $10.00M | $9.70M | $10.40M | $5.30M | - | - | - | - | - | - | - | - | - | - | - |
| UNITED STATES | $1.01B | $1.10B | $872.70M | $941.70M | $917.50M | $998.20M | - | - | - | - | - | - | - | - | - | - | - |
| IRELAND | $12.00M | $12.00M | $8.70M | $11.00M | $11.30M | - | - | - | - | - | - | - | - | - | - | - | - |
| UNITED KINGDOM | $144.00M | $131.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 Jun 24: UNITED STATES (85.76%), UNITED KINGDOM (12.28%), IRELAND (1.02%), and CANADA (0.94%).
Brown & Brown Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MMC | Marsh & McLennan Companies | $22.74B | $6.22B |
| AON | Aon | $13.38B | $3.76B |
| WTW | Willis Towers Watson Public | $9.48B | $2.27B |
| BRO | Brown & Brown | $4.26B | $1.18B |
| FANH | Fanhua | $3.20B | $603.39M |
| BRP | Baldwin Insurance Group | $1.22B | $380.37M |
| CRVL | CorVel | $795.31M | $211.72M |
| ERIE | Erie Indemnity | $28.97M | $990.44M |
| AJG | Arthur J. Gallagher | $1.70M | $2.78B |
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 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). The company'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). BRO's quarterly revenue for Q4 2023 was $1.03B, a -3.89% decrease from the previous quarter (Q3 2023), and a 13.85% increase year-over-year (Q4 2022).
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, Fee Revenue, Other Supplemental Commissions Revenue, and Profit Sharing Contingent Commission Revenue. Core Commission Revenue generated $2.87B in revenue, accounting 68.74% of the company's total revenue, up 20.60% 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. Other Supplemental Commissions Revenue generated $177.8M in revenue, accounting 4.26% of the company's total revenue, up 11.68% 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.
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.