Brown & Brown, Inc. has released its historical business segment financial information as reclassified for segment changes for the twelve months ended December 31, 2024. The data shows significant changes in revenues and expenses across its Retail and Specialty Distribution segments.
In the Retail segment, commissions and fees increased from $1,549 million in 2020 to $2,720 million in 2024. Similarly, total revenues in the Retail segment grew from $1,550 million in 2020 to $2,729 million in 2024. However, expenses also rose, with employee compensation and benefits increasing from $856 million in 2020 to $1,462 million in 2024.
In the Specialty Distribution segment, commissions and fees rose from $1,059 million in 2020 to $1,985 million in 2024. Total revenues in this segment also saw a significant increase from $1,061 million in 2020 to $2,016 million in 2024. Like the Retail segment, expenses in the Specialty Distribution segment also increased, with employee compensation and benefits rising from $497 million in 2020 to $772 million in 2024.
The total company revenue from commissions and fees increased from $2,606 million in 2020 to $4,705 million in 2024. Meanwhile, total company expenses increased from $1,989 million in 2020 to $3,502 million in 2024.
The data also includes the financial information for the three months ended June 30, 2025, showing a continued trend of growth in revenues and expenses.
Following these announcements, the company's shares moved 0.27%, and are now trading at a price of $96.66. For the full picture, make sure to review BROWN & BROWN, INC.'s 8-K report.
