BROWN & BROWN, INC.

BRO

Quality scores

Data as of Sep 5, 2026

4 / 9

Neutral

4/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 3.51 %
PassFCF > 0 — FCF last year = 1,382.00 mill.
PassFCF > net income (accrual quality) — FCF 1,382.00 vs. net income 1,054.00 (mill.)
FailRising ROA — ROA 3.51 % vs. prior year 5.64 %

FailLower long-term leverage — long-term debt/assets 0.23 vs. prior 0.20
FailRising current ratio (more liquidity) — Current ratio 1.04 vs. prior 1.10
FailNo dilution (shares do not grow) — Shares 336.00 mill. vs. prior 286.00 mill.

Z-Score (original)

1.55

Distress zone

Z''-Score (non-manufacturing)

5.21

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.01
X2 — Retained earnings / Total assets	0.23
X3 — EBIT / Total assets	0.06
X4 — Market cap / Total liabilities	1.38
X4 — Book equity / Total liabilities	0.72
X5 — Sales / Total assets	0.20