Brown & Brown, Inc. Overview
Pro stress-test →Brown & Brown, Inc. is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions since 1939. As of 2026, Brown & Brown ranked 5th among the largest insurance brokerages globally by revenue. With 700+ locations and approximately 23,000 professionals, the firm serves commercial, public, professional, and individual customers across property, casualty, and employee benefits insurance.
Strategic Profile
Pro stress-test →Revenue is forecast to grow 12% annually on average during the next 3 years, compared to a 4.7% growth forecast for the insurance industry in the US. The company operates through dual segments—Retail (serving broad commercial and individual markets) and Specialty Distribution (wholesale and specialty insurance)—positioning it as a diversified intermediary. In July 2026, Brown & Brown enlisted Anthropic, McKinsey, and Accenture to help responsibly rewire the business for AI-first transformation.
Competitive Landscape
Pro stress-test →Brown & Brown competes in the fragmented insurance brokerage market against established national and regional firms. Primary competitors include Arthur J. Gallagher & Co., AON plc, and Marsh & McLennan Companies, which also pursue acquisition-driven consolidation strategies. The market is characterized by competition for middle-market clients, ongoing pricing pressure, and talent acquisition challenges as firms scale.
Industry Context
Brown & Brown, Inc. operates in Insurance brokerage and risk management services.
Key facts
Founded: 1939 · Headquarters: Daytona Beach, US · Employees: 23,000 · Revenue: $1.72B (Q2 2026 expected) · Market cap: $22.28B