Brown & Brown, Inc. (BRO)
Brown & Brown is an insurance brokerage placing coverage for businesses and individuals.
Financials stock comparison
BRO vs MRSH: which business are you actually underwriting?
Compare Brown & Brown, Inc. with Marsh & McLennan Companies, Inc. using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Financials
- Industry
- Same SIC
- Shared themes
- 1
- Updated
- 2026-02-12
BRO vs MRSH: quick comparison
| Company fact | BRO | MRSH |
|---|---|---|
| Company | Brown & Brown, Inc. | Marsh & McLennan Companies, Inc. |
| Exchange | NYSE | NYSE |
| Headquarters | Not recorded | Not recorded |
| Founded | Not recorded | Not recorded |
| SEC industry | Insurance Agents, Brokers & Service | Insurance Agents, Brokers & Service |
| Fiscal year-end | January 19 | December 31 |
| Latest annual filing | 10-K · 2026-02-12 | 10-K · 2026-02-09 |
How the businesses differ
Why this pair belongs in the comparison set
BRO and MRSH share the SEC industry classification “Insurance Agents, Brokers & Service,” giving the comparison a primary-source operating relationship. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
Marsh & McLennan Companies, Inc. (MRSH)
Marsh & McLennan provides insurance brokerage, risk advisory, and human-capital consulting.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. BRO is classified by the SEC as Insurance Agents, Brokers & Service, while MRSH is classified as Insurance Agents, Brokers & Service. The matching industry code strengthens the peer comparison, although product mix can still differ materially.
Which thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study BRO when…
- The shape of the yield curve and net interest margins
- Credit quality and loan-loss provisions
- Regulation and capital requirements
- Deal activity and market volatility
Study MRSH when…
- The shape of the yield curve and net interest margins
- Credit quality and loan-loss provisions
- Regulation and capital requirements
- Deal activity and market volatility
Shared research themes
Rates & central banks
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.BRO's fiscal year ends January 19, while MRSH's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House Clerk snapshot contains 0matched transaction rows for BROand 0 for MRSH. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
BRO primary filings
MRSH primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving BRO or MRSH
BRO vs MRSH FAQs
Are BRO and MRSH direct competitors?
Brown & Brown, Inc. and Marsh & McLennan Companies, Inc. share the SEC industry classification “Insurance Agents, Brokers & Service.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Which is better, BRO or MRSH?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this BRO vs MRSH comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. Use a regulated broker or licensed quote provider for current prices, then use the primary filings here to test the business thesis.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-08-12. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-08-12. Independent educational research; not investment advice.
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