BRO

Brown & Brown, Inc.

Financial ServicesInsurance BrokersNASDAQ

$56.25

-$2.18 (-3.88%)today

Conviction

7/ 10

Fair Value$80.07

Upside+42.34%

Signal29.64

Market Cap$22.8B

52W Range$63.29–$121.70

Next EarningsApr 27

Conviction History

Conviction Changes

Mar 18, 2026, 9:21 AM6→7conviction-rescore

Premium Content

Upgrade to premium to see the full reasoning behind each conviction change.

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$108.50

Current Price$63.43

Upside / Down+71.1%

P(Undervalued)99.7%

P(20%+ Up)94.2%

P(15%+ Down)0.0%

Fair Value Distribution — percentile bands

99.7% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

4.8%/yr

±4.2% · revenue growth to justify current price

FCF-Based Reverse DCF

4.9%/yr

±2.9% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

Premium Content

Upgrade to premium for full distribution data, sensitivity analysis, and segment breakdowns.

Bull Case

No analysis yet

Bear Case

No analysis yet

Research Feed

sec_10kMar 11

Conviction: unchanged

BRO FY2025 10-K Re-read: RSC Integration + Debt Surge

Falcon re-read confirms: revenue .76B (+22.5%), but heavily inorganic (43 acquisitions, RSC/Accession). Organic growth likely 8-12% (not explicitly disclosed). Total debt .6B post-RSC financing. FG Po...

sec_10kMar 3

Conviction: unchanged

BRO FY2025 10-K: Accession Integration + Organic Growth Deceleration

BRO closed massive Accession acquisition (RSC Topco) in Q3 2025 for .5B+ debt, increasing leverage significantly. FY2025 shows 22.5% total commissions growth but organic growth decelerated to just 2.8...