Short answer
Brown & Brown (BRO) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.6B (up 35.3% year over year) with net income of $227M.
Q3 2025 key financials · XBRL
- Revenue
- $1.6B
- +35.3% YoY · +25.0% QoQ
- Net income
- $227M
- −2.6% YoY · −2.2% QoQ
- EPS (diluted)
- $0.64
- −21.0% YoY · −17.9% QoQ
Source: XBRL data from the Brown & Brown (BRO) Q3 2025 10-Q on SEC EDGAR. USD.
Brown & Brown Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Section 'mda' was empty or not found.
Risk Factors
- Newly added transaction risk: integration complexities and delayed realization of Accession’s deferred tax asset benefits post-acquisition
- Most materially updated financial risk: total debt increased to $7,728M as of Sept 30, 2025, raising interest expense and limiting business flexibility
- Regulatory and legal risk: ongoing litigation against Accession’s subsidiary regarding 2024 captive insurance restructuring, with potential material adverse effects
- Operational risk: underwriting exposure from Accession’s ownership in captive insurance cells, risks of claims exceeding reinsurance coverage
- Compliance risk: potential IRS challenge to Accession’s advisory services on Section 831(b) captive insurance companies, risking disallowance or penalties
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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