Short answer
Brown & Brown (BRO) filed its Q2 2025 10-Q quarterly report on Jul 28, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.3B (up 9.2% year over year) with net income of $232M.
Q2 2025 key financials · XBRL
- Revenue
- $1.3B
- +9.2% YoY · −8.5% QoQ
- Net income
- $232M
- −9.7% YoY · −29.9% QoQ
- EPS (diluted)
- $0.78
- −13.3% YoY · −32.2% QoQ
Source: XBRL data from the Brown & Brown (BRO) Q2 2025 10-Q on SEC EDGAR. USD.
Brown & Brown Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New transaction completion risk triggered by June 10, 2025 Merger Agreement to acquire Accession, with potential delays, termination, and cost increases
- Material update in financial risk: total debt $7,545 million as of June 30, 2025, with increased indebtedness from Transaction financing reducing business flexibility
- Most impactful legal risk: ongoing litigation against Accession’s subsidiary Oxford Risk Management Group LLC related to 2024 captive insurance restructuring and potential indemnity costs
- Key operational risk: integration complexity and potential disruption realizing benefits and synergies from the Transaction, including use of Accession’s deferred tax assets
- Regulatory risk: IRS investigations into Accession’s captive insurance advisory business possibly disallowing Section 831(b) elections, threatening tax compliance and business results
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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