Brown & Brown, Inc.

Strong Financial Performance: For Q1 2025, Brown & Brown, Inc. reported revenues of $1.4 billion, marking an 11.6% increase year-over-year (YOY) and a 6.5% organic growth. Adjusted EBITDAC margin improved by 110 basis points to 38.1%, with adjusted earnings per share rising by 13.2% to $1.29, indicating robust operational efficiency and profitability.

Market Stability and Caution: Overall economic conditions remain relatively stable, but business leaders are adopting a more cautious outlook due to uncertainties related to tariffs, inflation, and interest rates. This tempered growth sentiment may influence investment decisions and hiring practices, potentially impacting future organic growth.

Pricing Trends in Insurance: Rate increases in most lines of insurance continued but showed signs of moderation. CAT property rates declined by 10% to 25% due to capital availability, while casualty and excess layers saw continued upward pressure with prices rising about 5% to 10%. This mixed pricing environment reflects shifting dynamics in demand and supply.