Brown And Brown Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Brown And Brown Inc (BRO) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Brown And Brown Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 6,790M vs 933,646M combined for tracked competitors (0.7% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (-1.3% annualized vs trailing 12 months), vs accelerating (+2.4%) for its tracked peer group.
- Growth: Brown And Brown Inc generated 30.4% revenue growth year over year in Q2 2026, vs 6.5% for its tracked competitors combined.
- Profitability: Its 17.2% net margin compares with 19.1% for the peer group.
- Scale: Brown And Brown Inc ranks #5 of 30 companies by market capitalization in the Insurance Brokerage industry, holding 6.3% of industry market cap.
- Peer revenue share: Brown And Brown Inc accounted for 0.7% of combined revenue among its tracked peer group, up from 0.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.30M compares with $1.04M for the peer group (0.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BRO Sales vs. its Competitors, Q2 2026
Brown And Brown Inc reported revenue growth of 30.43 % year on year in Q2 2026, above its competitors' combined revenue growth of 6.53 %.
With a net margin of 17.24 %, Brown And Brown Inc reported lower profitability than its competitors (19.08 %).
Brown And Brown Inc generated 0.70 % of the combined sales of its peer group, up from 0.57 % a year earlier.
Brown And Brown Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Brown And Brown Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Brown and Brown Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Brown And Brown Inc's competitor groups requires a Commercial License.
For context: the Insurance Brokerage industry grew revenue 10.7% year over year, combined, vs 30.4% for Brown And Brown Inc. Brown And Brown Inc's share of combined industry revenue moved from 3.54% to 4.17%, a gain of 0.63 percentage points.
Brown And Brown Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Brown and Brown Inc | Yes | Yes | Yes | Yes |
| Competitors combined (51) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (9) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BRO Stock Performance relative to its Competitors
BRO Stock Performance relative to High-Confidence Competitors
BRO Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | United Fire Group Inc | 282.9% | Outperformed |
| 2 | Universal Insurance Holdings Inc | 282.9% | Outperformed |
| 3 | Safety Insurance Group Inc | 282.9% | Outperformed |
| 4 | Univest Financial Corporation | 282.9% | Outperformed |
| 5 | Heritage Insurance Holdings Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Brown And Brown Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Brown And Brown Inc's Comment on Competition and Industry Peers
A number of insurance companies directly sell insurance, primarily to individuals, and do not pay commissions to third-party agents and brokers. In addition, the Internet continues to be a source for direct placement of personal lines business. While it is difficult to quantify the impact on our business from individuals purchasing insurance over the Internet, we believe this risk would generally be isolated to personal lines customers with single-line coverage, which represent a small portion of our overall Retail Segment.
Publicly Traded Peers of Brown and Brown Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Brown and Brown Inc | 20,240.40 | 6,790.00 |
| Progressive Corp | 122,985.78 | 91,055.00 |
| Travelers Companies inc | 77,581.66 | 48,979.00 |
| Metlife Inc | 61,584.88 | 79,403.00 |
| Aon Plc | 59,015.01 | 17,603.00 |
| Arthur J Gallagher and Co | 58,463.42 | 27,382.50 |
| SUBTOTAL | 847,812.68 | 984,565.21 |
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Sources: Brown and Brown Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Brown and Brown Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Brown And Brown Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| The Baldwin Insurance Group Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Brown And Brown Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Brown And Brown Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Brown and Brown Inc | Retail Segment 56.50 % |
| Travelers Companies inc | Business Insurance 45.68 % |
| Metlife Inc | Group Benefits 36.13 % |
| Aon Plc | Risk Capital 70.80 % |
| Arthur J Gallagher and Co | Brokerage 45.31 % |
| Allstate Corp | Allstate Protection 87.37 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Brown And Brown Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Brown and Brown Inc | 20,240 | 296,662 | 53,085 |
| Progressive Corp | 122,986 | 1,821,100 | 233,900 |
| Travelers Companies inc | 77,582 | 1,440,559 | 243,765 |
| Metlife Inc | 61,585 | 1,726,152 | 79,543 |
| Aon Plc | 59,015 | 293,383 | 65,650 |
| Arthur J Gallagher and Co | 58,463 | 380,313 | 21,874 |
| PEERS TOTAL | 827,572 | 1,042,562 | 179,852 |
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Brown And Brown Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Brown and Brown Inc | US 86.46 % |
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 16.91 % |
| Arthur J Gallagher and Co | Other Foreign 4.06 % |
| Ncr Atleos Corporation | United States 47.84 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Brown And Brown Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 29 companies in Brown And Brown Inc's industry classification, broader than the peer set above. Market cap in millions of $.Brown And Brown Inc ranks #5 of 29 companies by market capitalization in its industry, holding 6.34 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,518, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Marsh and Mclennan Companies Inc | 81,549 | 25.76 % |
| 2 | Aon Plc | 58,314 | 18.42 % |
| 3 | Arthur J Gallagher and Co | 58,298 | 18.42 % |
| 4 | Willis Towers Watson Plc | 27,415 | 8.66 % |
| 5 | Brown and Brown Inc | 20,082 | 6.34 % |
| 6 | Equitable Holdings Inc | 1,234 | 5.2% |
| 7 | Erie Indemnity Company | 1,234 | 5.2% |
| 8 | Fidelity National Financial Inc | 1,234 | 5.2% |
| 9 | First American Financial Corporation | 1,234 | 5.2% |
| 10 | Enact Holdings Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Brown And Brown Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Brown And Brown Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Marsh and Mclennan Companies Inc | 81,549 | -15.22 % |
| 2 | Aon Plc | 58,314 | -23.44 % |
| 3 | Arthur J Gallagher and Co | 58,298 | -25.33 % |
| 4 | Willis Towers Watson Plc | 27,415 | -14.69 % |
| 5 | Brown and Brown Inc | 20,082 | -35.89 % |
| 6 | Equitable Holdings Inc | 1,234 | 12.3% |
| 7 | Erie Indemnity Company | 1,234 | 12.3% |
| 8 | Fidelity National Financial Inc | 1,234 | 12.3% |
| 9 | First American Financial Corporation | 1,234 | 12.3% |
| 10 | Enact Holdings Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Brown And Brown Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Brown And Brown Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Insurance Brokerage industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (18 companies). See the full Insurance Brokerage industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 56.03 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 27.13 % | 1.85 % (avg) | +25.3 pp |
| Capital Intensity (Capex / Revenue) | 1.09 % | 1.24 % (avg) | -0.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Brown And Brown Inc's Valuation vs Competitive Position
Valuation multiples vs the Insurance Brokerage industry average (18 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Insurance Brokerage industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 19.1x | 13.3x | +5.8x |
| EV / EBITDA | 14.9x | 12.6x | +2.3x |
| P/B | 1.7x | 2.7x | -1.1x |
| Return on Equity | 9.68 % | industry aggregate | -5.95 % |
| Return on Invested Capital | - | 8.14 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Brown And Brown Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 7.06 % | 18.76 % | 9.25 % | 16.76 % | 17.11 % | 19.13 % | 12.87 % | 22.83 % |
| Operating Margin | -94.07 % | 54.34 % | 54.41 % | 55.32 % | 58.48 % | 61.11 % | 57.96 % | 58.83 % |
| Return on Invested Capital | -26.46 % | 15.08 % | 17.38 % | 15.39 % | 15.73 % | 18.60 % | 17.51 % | 12.23 % |
| P/E | 29.1x | 28.1x | 27.3x | 31.8x | 24.5x | 24.0x | 30.8x | 24.1x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Brown And Brown Inc's BCG Growth-Share Matrix
Relative market share (vs Brown And Brown Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Brown And Brown Inc falls in the Dog quadrant: relative market share of 0.25x vs its largest competitor, in an industry growing revenue 6.7% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Brown And Brown Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,518 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 1.09 % vs industry average 1.24 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Brown And Brown Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Brown And Brown Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Brown And Brown Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Brown And Brown Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Brown And Brown Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 6.0 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.25x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Brown And Brown Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Brown and Brown Inc | 0.15 | 1.38 | 0.62 |
| Progressive Corp | 0.06 | 1.06 | 0.23 |
| Travelers Companies inc | 0.01 | 1.08 | 0.28 |
| Metlife Inc | 0.08 | 0.29 | 0.70 |
| Aon Plc | 0.05 | 1.06 | 1.66 |
| Arthur J Gallagher and Co | - | 1.14 | 0.56 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Brown And Brown Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Brown and Brown Inc | Q2 2026 | +30.4 % | +23.5 % |
| Progressive Corp | Q2 2026 | +7.3 % | +4.3 % |
| Travelers Companies inc | Q2 2026 | +0.3 % | +45.3 % |
| Metlife Inc | Q2 2026 | +10.5 % | +6.0 % |
| Aon Plc | Q2 2026 | +2.2 % | -4.9 % |
| Arthur J Gallagher and Co | Q2 2026 | -37.4 % | -11.5 % |
| PEERS TOTAL | +6.6 % | +53.0 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Brown And Brown Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Brown and Brown Inc | Q2 2026 | - | +13.3 % |
| Progressive Corp | Q2 2026 | +1,027.3 % | +35.3 % |
| Travelers Companies inc | Q2 2026 | -0.9 % | - |
| Metlife Inc | Q2 2026 | +1,959.3 % | - |
| Aon Plc | Q2 2026 | - | +14.1 % |
| Arthur J Gallagher and Co | Q2 2026 | - | +29.4 % |
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Brown And Brown Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Brown and Brown Inc | 4.09% | 5.93% | 9.68% |
| Progressive Corp | 9.51% | 11.22% | 35.40% |
| Travelers Companies inc | 5.78% | 10.84% | 25.58% |
| Metlife Inc | 0.49% | 0.77% | 12.93% |
| Aon Plc | 7.60% | 9.54% | 42.34% |
| Arthur J Gallagher and Co | 2.03% | 4.08% | 6.69% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Brown And Brown Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Brown and Brown Inc | 18.65 | 2.98 |
| Progressive Corp | 10.56 | 1.35 |
| Travelers Companies inc | 9.72 | 1.58 |
| Metlife Inc | 18.27 | 0.78 |
| Aon Plc | 15.23 | 3.35 |
| Arthur J Gallagher and Co | 37.71 | 2.14 |
| PEERS AVERAGE | 4.99 | 0.86 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.