Key Takeaways Brown & Brown's commissions and fees rise as new business, retention and rate increases drive revenues. Strategic acquisitions, including 713 deals since 1993, continue to expand BRO's reach and products. BRO's strong liquidity and long dividend growth record support cash deployment and shareholder returns. Brown & Brown, Inc. (BRO) shares are trading at a discount compared with the Zacks Brokerage Insurance industry. Its forward price-to-earnings multiple of 16.72X is lower than the industry ...