Brown & Brown vs Erie Indemnity
Brown & Brown reported revenue of $5.9 billion in fiscal 2025, 1.5 times Erie Indemnity's $4.1 billion in fiscal 2025. Brown & Brown's revenue grew 22.8% in its latest year, and Erie Indemnity's grew 7.2%. Free cash flow was $1.4 billion at Brown & Brown and $571 million at Erie Indemnity.
Side by side
| Brown & Brown | Erie Indemnity | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $5.9B | $4.1B |
| Revenue growth | 22.8% | 7.2% |
| Revenue growth a year, last 5 years | 17.7% | 9.9% |
| Gross margin | — | — |
| Operating margin | — | 17.6% |
| Net margin | 17.9% | 13.8% |
| Free cash flow | $1.4B | $571M |
| Free cash flow margin | 23.4% | 14.0% |
| Return on capital | 9.1% | 31.8% |
| Net debt to EBITDA | 3.8x | −0.5x |
| Dividends and buybacks | $293M | $254M |
| Change in diluted share count | 10.2% | — |
| Last close | $71.08 | $251.30 |
| P/E at the last close | 22.5× | — |
| Insider trades, last 12 months | bought $164,123, sold $0 | bought $1.4 million, sold $100,952 |
| Piotroski F-score | 4 of 8 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Brown & BrownErie Indemnity
Operating margin
Percent of revenue
Brown & BrownErie Indemnity
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Brown & BrownErie Indemnity
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Brown & Brown and Erie Indemnity pages.