01—Abstract
Summary
Summary of the 8-K filed April 9, 2026. Cited figures are marked; the original filing is the authoritative source.
Brown & Brown, Inc. (BRO) furnished its annual 2025 Global Impact Report as Exhibit 99.1 to this Form 8-K, dated April 8, 2026 and filed April 9, 2026, under Item 7.01 (Regulation FD).
The filing is informational and ESG-focused rather than a financial disclosure: it reports no new earnings, guidance, transactions, or material events, and the furnished material is expressly excluded from being deemed "filed" under Section 18 of the Exchange Act. Investors should treat it as a sustainability and human-capital update rather than a source of new financial information. The report's most notable operational data point is the company's largest acquisition to date, which the ESG letter says brought in over 5,500 teammates.
The report also cites 43 acquisitions in 2025 that added over 5,700 teammates in total, and it states that 2025 delivered strong total revenue growth, expanded operating margins, and higher operating cash flow. These are management characterizations in a non-audited ESG document and are not quantified in the report, so they should be checked against the Form 10-K and quarterly filings. The report also lists 468 domestic and 246 international locations as of December 31, 2025, and 22,888 employees worldwide.
On the governance and risk side, the report describes board oversight of ESG through the nominating/corporate governance committee, cybersecurity practices (including enhanced MFA and an M&A security playbook), and a statement that there were no material information security breaches over the last three years and no material customer privacy losses in 2025. The report notes it has no external assurance and that its targets are aspirational. Taken together, the filing offers useful context on workforce stability and culture, but it carries limited direct weight for valuation or near-term financial outlook.
02—Key points
Key Highlights
- Filing type: Item 7.01 Regulation FD disclosure furnishing the 2025 Global Impact Report (Exhibit 99.1); no financial results, guidance, or material transactions are disclosed.
- Workforce: 22,888 employees worldwide as of December 31, 2025; nearly 20% of the company is owned by teammates, with over 61% of U.S. teammates in the Teammate Stock Purchase Plan.
- Acquisitions: 43 acquisitions in 2025 added over 5,700 teammates, including the company's largest acquisition to date (over 5,500 teammates).
- Footprint: 468 domestic locations across 47 states and 246 international locations in 15 countries as of December 31, 2025.
- Management commentary: Letter cites strong 2025 total revenue growth, expanded operating margins, and increased operating cash flow, though these are not quantified in the report.
- Culture and recognition: Great Place to Work certification for the seventh consecutive year in the U.S. and first-time certifications in Canada and the UK; 92% of teammates say it is a Great Place to Work.
- Cybersecurity and privacy: Report states no material information security breaches over the past three years and no material customer privacy losses in 2025; the report is not externally assured.
03—Questions
Frequently Asked Questions
Does this 8-K contain new financial results or guidance for Brown & Brown?
No. The filing furnishes the annual 2025 Global Impact Report, which is an ESG and sustainability document. It contains no new earnings, revenue figures, guidance, or balance sheet data. Financial results should be sought in the Form 10-K and quarterly reports.
Is the information in this filing considered 'filed' with the SEC?
No. Under Item 7.01, the furnished information is not deemed filed for purposes of Section 18 of the Exchange Act and is not incorporated by reference into Securities Act or Exchange Act filings unless expressly stated.
What does the report say about acquisitions and workforce growth in 2025?
The report says the company completed 43 acquisitions in 2025 that added over 5,700 teammates, including its largest acquisition to date, which brought in over 5,500 teammates. Year-end headcount was 22,888 worldwide.
Are the report's sustainability and social targets verified by a third party?
No. The report states there was no external assurance from third parties, that the data involves measurement uncertainties, and that many targets are aspirational and not guaranteed.
What governance and cybersecurity commitments are highlighted?
The board's nominating/corporate governance committee oversees ESG, the audit committee oversees information security, and cybersecurity risk is part of enterprise risk management. The company cites enhanced MFA, an M&A security playbook, expanded data privacy policies, and increased phishing simulations, and reports no material breaches over the past three years.
04—Continue