Below are the financial statements of Brown & Brown, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Commissions and fees | 4,705a | 4,199a | 3,563a |
| Investment income | 93a | 52a | 7a |
| Other income, net | 7a | 6a | 3a |
| Total revenues | 4,805a | 4,257a | 3,573a |
| Expenses | — | — | — |
| Employee compensation and benefits | -2,406a | -2,187a | -1,817a |
| Other operating expenses | -710a | -650a | -597a |
| Gain on disposal | -31a | -143a | -5a |
| Amortization | -178a | -166a | -147a |
| Depreciation | -44a | -40a | -39a |
| Interest | -193a | -190a | -141a |
| Change in estimated acquisition earn-out payables | -2a | -21a | -39a |
| Total expenses | -3,502a | -3,111a | -2,697a |
| Income before income taxes | 1,303a | 1,146a | 876a |
| Income taxes | -301a | -275a | -204a |
| Net income before non-controlling interests | 1,002a | 871a | 672a |
| Less: net income attributable to non-controlling interests | 9a | 0a | 0a |
| Net income attributable to the company | 993a | 871a | 672a |
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