Brown & Brown Inc (BRO) Fair Value & Analysis
Financial Services · US · Market cap $23.0B · ISIN US1152361010
What is Brown & Brown Inc really worth?
Brown & Brown Inc
BRO · US
Below-average quality, and trading another 111% above our fair value of $34.37.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 6 valuation models · updated 6 days ago
Share price +2.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($42.95). The favourable scenario is already priced in.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $49.93 – $123.16 · fair‑value band $25.77 – $42.95 · the $72.56 price screens above the $34.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Brown & Brown Inc (BRO) currently trades at $72.56, while our model-based Fair Value estimate is $34.37, implying the stock looks roughly 111.1% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of $40.43 per share, and 0 of the 6 models we run sit above the $72.56 price. Bear case: the Dividend Discount group reads lowest at $9.21, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Brown & Brown Inc generated revenue of $6.3B at a net margin of 18.4%. Revenue grew 35.7% year over year. It earns a return on equity of 11.9%. Net debt stands at $6.8B. Fundamentals as of Aug 29, 2026
Our scenario range runs from $25.77 (bear case) to $42.95 (bull case); at $72.56, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −42% fair-value upside, at −53%, BRO screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.65 per share, which is 4.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 6 models by family
Widest divergence: Multiples ($40.43) versus Dividend Discount ($9.21). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 47
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally. It operates through Retail and Specialty Distribution segments.
Full company description
Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally. It operates through Retail and Specialty Distribution segments. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. This segment also offers non-insurance services and products through automobile and recreational vehicle dealer services businesses. It serves commercial, public and quasi-public entities, professional, and individual customers. The Specialty Distribution segment comprises wholesale brokerage and specialty businesses. This segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. In addition, the company's wholesale brokerage businesses underwrite and place excess and surplus commercial and personal lines insurance through independent agents and brokers. Its programs businesses operate under the Arrowhead Programs' name. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Brown & Brown Inc reported revenue of $6.0B in FY2025 versus $3.0B in FY2021, a compound +18.2%/yr. Reported net income was $1.1B in FY2025, compounding +15.8%/yr from FY2021.
of which total revenue +12.9 % · buybacks/dilution −0.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
BRO screens 111% overvalued. Compare with Marsh & McLennan Companies, Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Why Is Brown & Brown (BRO) Down 0.4% Since Last Earnings Report?
- Brown & Brown (BRO) Stock Looks Undervalued On Fair Value But Overvalued On Earnings
- AI and Insurance: Is Brown & Brown (BRO) Facing Extinction or Evolution?
Peer Group
Insurance Brokers · 36 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Insurance Brokers median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Insurance Brokers stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Marsh & McLennan Companies, Inc MRSH | $193.40 | $112.25 | −42% |
| Aon plc AON | $352.36 | $224.91 | −36% |
| Arthur J. Gallagher & Co AJG | $267.56 | $75.58 | −72% |
| Willis Towers Watson Public Limited WTW | $350.75 | $220.92 | −37% |
| Erie Indemnity Company ERIE | $260.40 | $113.32 | −56% |
| PB Fintech Limited POLICYBZR | ₹1,791 | ₹205.02 | −89% |
| Neptune Insurance Holdings NP | $32.70 | $3.52 | −89% |
| Steadfast Group SDF | A$5.27 | A$3.92 | −26% |
| CorVel Corporation CRVL | $69.74 | $39.55 | −43% |
| Accelerant Holdings ARX | $19.67 | $30.47 | +55% |
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