Brown & Brown reported total revenue of $1.3 billion for the second quarter of 2025, a 9.1% increase over the same period last year, driven by higher commissions and fees and a 3.6% gain in organic revenue.
The insurance brokerage firm disclosed its unaudited second-quarter results, noting that commissions and fees rose 8.2% year-over-year. Organic revenue growth reflected continued client demand for risk management services across its core segments.
Net income attributable to the company declined to $231 million, down 10.1% from the prior year, while diluted net income per share decreased 13.3% to $0.78. Adjusted diluted net income per share rose to $1.03, marking a 10.8% increase.
Income before income taxes for the quarter was also $311 million, a decrease of 10.1%, and the income before income taxes margin fell to 24.2% from 29.4% a year ago.
Adjusted EBITDAC, which excludes certain non-recurring items, rose 12.1% to $471 million. The company’s adjusted EBITDAC margin improved to 36.7%, up from 35.7% in the second quarter of 2024.
For the six-month period ended June 30, Brown & Brown recorded $2.7 billion in revenue, a 10.4% increase over the same period in 2024. Organic revenue for the period rose 5.1%, while commissions and fees increased 10.2%.
Income before income taxes for the six-month period was $738 million, up 3.7% year-over-year. However, the income before income taxes margin declined to 27.4% from 29.2%, reflecting similar margin compression noted in the quarterly results.
Net income attributable to the company for the first half of 2025 reached $563 million, an increase of 2.4%. Diluted net income per share rose slightly to $1.93, up 0.5%, while adjusted diluted net income per share rose 12.1% to $2.32.
According to a press release, J. Powell Brown, president and CEO, stated, “We are pleased with the earnings for the quarter and have good momentum as we head into the second half of the year.”
Second-quarter results also reflected an estimated $13 million in interest income from proceeds related to Brown & Brown’s June 2025 equity and debt offerings, intended to support its pending acquisition of RSC Topco, Inc.
Founded in 1939, Brown & Brown operates over 500 locations globally with more than 17,000 employees. The company offers a broad range of insurance and risk management solutions to businesses, government entities, and individuals.