Brown & Brown vs Erie Indemnity
Brown & Brown is the larger business, with $5.90bn of revenue in fiscal 2026 against $4.07bn for Erie Indemnity (1.5 times as much). Brown & Brown grew faster (22.8% against 7.2%). Brown & Brown kept more of each dollar of sales as profit: a net margin of 17.9% against 13.8%. Erie Indemnity carries less debt relative to equity (0.0% against 66.3%).
| Latest fiscal year | Brown & BrownBRO, 2026 | Erie IndemnityERIE, 2025 |
|---|---|---|
| Revenue | $5.90bn | $4.07bn |
| Revenue growth | 22.8% | 7.2% |
| Net income | $1.05bn | $559m |
| Operating margin | — | 17.6% |
| Net margin | 17.9% | 13.8% |
| Return on equity | 11.1% | 26.2% |
| Free cash flow | $1.38bn | $571m |
| Cash | $1.08bn | $346m |
| Total debt | $8.33bn | $0 |
| Debt to equity | 66.3% | 0.0% |
| Dividend per share | $0.62 | — |
| Dividend yield | 1.0% | 2.1% |
| Share buybacks | $100m | — |
| Employees | — | 6,667 |
| Market value | $23.15bn | $12.55bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 60 (Moderate) | — |
| Insider trades, 12 months | 2 buys, 0 sales | 3 buys, 1 sales |