Brown & Brown (BRO) executive compensation, 2026 proxy

J. Powell Brown, Chief Executive Officer and President, was paid $8.6M in 2025, down 26% from $11.7M the year before. The CEO-to-median-employee pay ratio was 117:1, on median employee pay of $74,010.

Filed
March 24, 2026
Annual meeting
May 6, 2026
Pay year
2025
Named executives
5
CEO total pay
$8.6M-26% vs prior year
CEO to median employee
117:1median $74,010
CEO pay in equity
34%$3M in awards
Prior say-on-pay support
96%of votes cast
Total Revenues Growth
23%Reached over $5.9 billion
2025 Dividend Increase
$193M32nd consecutive annual increase
Adjusted EBITDAC Margin
36.0%Strong operating margin
Net Cash From Operations
$1.5BIncreased from prior year

How Brown was paid

$8.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary14%Bonus12%Stock awards34%Non-equity incentive35%All other compensation4%

Named executive officers

ExecutiveTotal
J. Powell BrownChief Executive Officer and President$8,641,088
R. Andrew WattsChief Financial Officer, Executive Vice President and Treasurer$3,741,027
P. Barrett BrownExecutive Vice President$3,495,054
Stephen P. HearnExecutive Vice President; Chief Operating Officer and President – Retail Segment$3,975,069
Chris L. WalkerExecutive Vice President and Chairman – Specialty Distribution Segment$3,396,035

What changed and why

  • $5.9BTotal revenues grew approximately 23% to over $5.9 billion in 2025.
  • $8.6MCEO total compensation decreased to $8,641,088 in 2025 from $11,678,777 in 2024.
  • Annual cash incentives were paid below target amounts due to organic revenue growth shortfalls.
  • 96%Shareholders approved executive compensation with 96% support at the prior annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.