--- title: "Brown & Brown: Competitors" description: "Brown & Brown compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how peers are chosen." canonical: https://www.getswoopr.com/stocks/companies/brown-and-brown/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Brown & Brown: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Brown & Brown under SIC code 6411 (Insurance Agents, Brokers & Service). Among Swoopr's S&P 500 Equal Weight companies, 15 others share that classification; by latest reported revenue, Brown & Brown ranks 5 of 16. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Brown & Brown Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | [Marsh (MRSH)](https://www.getswoopr.com/stocks/companies/marsh/) | $27.0 billion FY2025 | 10.3% | 23.1% | 15.4% | | [Arthur J. Gallagher & Co. (AJG)](https://www.getswoopr.com/stocks/companies/arthur-j-gallagher-and-co/) | $13.9 billion FY2025 | 20.7% | n/a | 10.7% | | [Equitable Holdings Inc. (EQH)](https://www.getswoopr.com/stocks/companies/equitable-holdings-inc/) | $11.7 billion FY2025 | -6.1% | n/a | -0.0% | | [Willis Towers Watson (WTW)](https://www.getswoopr.com/stocks/companies/willis-towers-watson/) | $9.7 billion FY2025 | -2.2% | 23.0% | 16.5% | | **Brown & Brown (BRO)** | $5.9 billion FY2025 | 22.8% | n/a | 17.9% | | [Erie Indemnity (ERIE)](https://www.getswoopr.com/stocks/companies/erie-indemnity/) | $4.1 billion FY2025 | 7.2% | 17.6% | 13.8% | | [Ryan Specialty Holdings Inc. (RYAN)](https://www.getswoopr.com/stocks/companies/ryan-specialty-holdings-inc/) | $3.1 billion FY2025 | 21.3% | 16.2% | 2.1% | | [SelectQuote Inc. (SLQT)](https://www.getswoopr.com/stocks/companies/selectquote-inc/) | $1.5 billion FY2025 | 15.5% | 4.5% | 3.1% | | [The Baldwin Insurance Group Inc. (BWIN)](https://www.getswoopr.com/stocks/companies/the-baldwin-insurance-group-inc/) | $1.5 billion FY2025 | 8.3% | 4.9% | -3.6% | | [Hagerty Inc. (HGTY)](https://www.getswoopr.com/stocks/companies/hagerty-inc/) | $1.5 billion FY2025 | 17.3% | n/a | 10.2% | | [eHealth Inc. (EHTH)](https://www.getswoopr.com/stocks/companies/ehealth-inc/) | $554 million FY2025 | 4.1% | 12.0% | 7.2% | | [Ethos Technologies Inc. (LIFE)](https://www.getswoopr.com/stocks/companies/ethos-technologies-inc/) | $388 million FY2025 | 52.0% | 18.8% | 18.4% | | [TWFG Inc. (TWFG)](https://www.getswoopr.com/stocks/companies/twfg-inc/) | $249 million FY2025 | 22.0% | 14.9% | 16.6% | | [Roadzen Inc. (RDZN)](https://www.getswoopr.com/stocks/companies/roadzen-inc/) | $55 million FY2026 | 24.2% | -25.4% | -40.9% | | [Health In Tech Inc. (HIT)](https://www.getswoopr.com/stocks/companies/health-in-tech-inc/) | $33 million FY2025 | 71.0% | n/a | 3.8% | | [Reliance Global Group Inc. (EZRA)](https://www.getswoopr.com/stocks/companies/reliance-global-group-inc/) | $12 million FY2025 | -11.6% | -72.5% | -56.2% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ## How Does Brown & Brown Rank Among All SEC Filers in Its Industry Code? 16 companies with annual reports in Swoopr's SEC dataset share SIC code 6411 (Insurance Agents, Brokers & Service), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Brown & Brown | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $5.9 billion | $1.5 billion | 5 of 16 | | Revenue growth | 22.8% | 16.4% | 4 of 16 | | Net margin | 17.9% | 8.7% | 2 of 16 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Brown & Brown reported in its own SEC filings, read from the SEC's XBRL data (accession 0001193125-26-046984 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Brown & Brown's competitors? Companies sharing Brown & Brown's SEC classification (SIC code 6411 (Insurance Agents, Brokers & Service)) include Marsh (MRSH), Arthur J. Gallagher & Co. (AJG), Equitable Holdings Inc. (EQH), Willis Towers Watson (WTW), Erie Indemnity (ERIE). Its 10-K names the competitors it considers most relevant. ### How does Brown & Brown compare with its peers on margins? A margin comparison needs reported operating income for Brown & Brown and its peers; where either is missing, Swoopr leaves the comparison out. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Brown & Brown rank among all companies in its SEC industry? Among 16 SEC filers under SIC code 6411, Brown & Brown ranks 5 by latest revenue. ## References - [SEC EDGAR: BROWN & BROWN, INC. Form 10-K filed February 12, 2026](https://www.sec.gov/Archives/edgar/data/79282/000119312526046984/bro-20251231.htm) - [SEC EDGAR: BROWN & BROWN, INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=79282&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Brown & Brown company dossier](https://www.getswoopr.com/stocks/companies/brown-and-brown/) - [Brown & Brown financial metrics](https://www.getswoopr.com/stocks/companies/brown-and-brown/metrics/) - [Brown & Brown financial risk indicators](https://www.getswoopr.com/stocks/companies/brown-and-brown/risks/) - [Brown & Brown peer comparison](https://www.getswoopr.com/stocks/companies/brown-and-brown/competitors/) - [Brown & Brown business model and revenue mix](https://www.getswoopr.com/stocks/companies/brown-and-brown/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).