EX-99.1

Exhibit 99.1

BROWN & BROWN, INC.

HISTORICAL BUSINESS SEGMENT INFORMATION

AS RECLASSIFIED FOR SEGMENT CHANGES

(Unaudited)

The following tables set forth Brown & Brown, Inc. historical business segment financial information as reclassified for segment changes for the twelve months ended December 31, 2024, 2023, 2022, 2021 and 2020 (unaudited).


	Retail															Specialty Distribution
	Twelve months ended December 31,															Twelve months ended December 31,
(in millions)	2020			2021			2022			2023			2024			2020			2021			2022			2023			2024
REVENUES
Commissions and fees	$	1,549		$	1,840		$	2,154		$	2,503		$	2,720		$	1,059		$	1,210		$	1,410		$	1,699		$	1,985
Investment and other income		1			1			3			5			9			2			1			1			15			31
Total revenues		1,550			1,841			2,157			2,508			2,729			1,061			1,211			1,411			1,714			2,016
EXPENSES
Employee compensation and benefits		856			982			1,126			1,336			1,462			497			565			615			709			772
Other operating expenses		245			290			377			421			449			201			219			293			332			382
(Gain)/loss on disposal		(2	)		(6	)		(8	)		(3	)		(3	)		—			(4	)		4			(141	)		(28	)
Amortization		72			82			101			112			119			37			38			46			53			59
Depreciation		10			12			14			19			21			11			14			19			16			18
Interest		90			94			96			85			71			31			27			46			48			41
Change in estimated acquisition earn-out payables		6			42			(26	)		1			8			(11	)		(2	)		(13	)		20			(6	)
Total expenses		1,277			1,496			1,680			1,971			2,127			766			857			1,010			1,037			1,238
Income before income taxes	$	273		$	345		$	477		$	537		$	602		$	295		$	354		$	401		$	677		$	778


	Other															Total
	Twelve months ended December 31,															Twelve months ended December 31,
(in millions)	2020			2021			2022			2023			2024			2020			2021			2022			2023			2024
REVENUES
Commissions and fees	$	(2	)	$	(2	)	$	(1	)	$	(3	)	$	—		$	2,606		$	3,048		$	3,563		$	4,199		$	4,705
Investment and other income		4			1			6			38			60			7			3			10			58			100
Total revenues		2			(1	)		5			35			60			2,613			3,051			3,573			4,257			4,805
EXPENSES
Employee compensation and benefits		83			90			76			142			172			1,436			1,637			1,817			2,187			2,406
Other operating expenses		(80	)		(106	)		(73	)		(103	)		(121	)		366			403			597			650			710
(Gain)/loss on disposal		—			—			(1	)		1			—			(2	)		(10	)		(5	)		(143	)		(31	)
Amortization		—			—			—			1			—			109			120			147			166			178
Depreciation		5			7			6			5			5			26			33			39			40			44
Interest		(62	)		(56	)		(1	)		57			81			59			65			141			190			193
Change in estimated acquisition earn-out payables		—			—			—			—			—			(5	)		40			(39	)		21			2
Total expenses		(54	)		(65	)		7			103			137			1,989			2,288			2,697			3,111			3,502
Income before income taxes	$	56		$	64		$	(2	)	$	(68	)	$	(77	)	$	624		$	763		$	876		$	1,146		$	1,303

The following tables set forth Brown & Brown, Inc. historical business segment financial information as reclassified for segment changes for the three months ended June 30, 2025 and March 31, 2025, for the year ended December 31, 2024, and the three months ended December 31, 2024, September 30, 2024, June 30, 2024 and March 31, 2024 (unaudited).


	Retail
	Three months ended												Twelve months ended			Three months ended
(in millions)	March 31, 2024			June 30, 2024			September 30, 2024			December 31, 2024			December 31, 2024			March 31, 2025			June 30, 2025
REVENUES
Commissions and fees	$	803		$	644		$	639		$	634		$	2,720		$	905		$	694
Investment and other income		3			2			2			3			9			2			3
Total revenues		806			646			641			637			2,729			907			697
EXPENSES
Employee compensation and benefits		400			355			364			343			1,462			447			385
Other operating expenses		115			110			107			117			449			122			120
(Gain)/loss on disposal		1			(2	)		(1	)		(1	)		(3	)		2			—
Amortization		29			29			29			33			119			37			35
Depreciation		5			5			6			5			21			6			6
Interest		19			19			18			16			71			15			15
Change in estimated acquisition earn-out payables		(1	)		1			(2	)		9			8			(6	)		9
Total expenses		568			517			521			522			2,127			623			570
Income before income taxes	$	238		$	129		$	120		$	115		$	602		$	284		$	127


	Specialty Distribution
	Three months ended											Twelve months ended			Three months ended
(in millions)	March 31, 2024			June 30, 2024			September 30, 2024			December 31, 2024		December 31, 2024			March 31, 2025		June 30, 2025
REVENUES
Commissions and fees	$	433		$	511		$	516		$	528	$	1,985		$	481	$	555
Investment and other income		7			7			8			6		31			6		8
Total revenues		440			518			524			534		2,016			487		563
EXPENSES
Employee compensation and benefits		186			193			193			199		772			199		202
Other operating expenses		82			94			95			111		382			91		98
(Gain)/loss on disposal		1			(29	)		—			—		(28	)		—		—
Amortization		14			15			16			15		59			16		15
Depreciation		5			5			5			5		18			4		4
Interest		11			10			10			9		41			9		9
Change in estimated acquisition earn-out payables		(1	)		—			(5	)		2		(6	)		2		2
Total expenses		298			288			314			341		1,238			321		330
Income before income taxes	$	142		$	230		$	210		$	193	$	778		$	166	$	233


	Other
	Three months ended												Twelve months ended			Three months ended
(in millions)	March 31, 2024			June 30, 2024			September 30, 2024			December 31, 2024			December 31, 2024			March 31, 2025			June 30, 2025
REVENUES
Commissions and fees	$	1		$	(1	)	$	—		$	(1	)	$	—		$	(1	)	$	—
Investment and other income		11			15			21			14			60			11			25
Total revenues		12			14			21			13			60			10			25
EXPENSES
Employee compensation and benefits		45			37			50			40			172			37			53
Other operating expenses		(36	)		(31	)		(37	)		(16	)		(121	)		(27	)		(7	)
(Gain)/loss on disposal		—			—			—			—			—			—			—
Amortization		—			—			—			—			—			—			—
Depreciation		1			1			—			1			5			1			1
Interest		18			20			22			21			81			22			27
Change in estimated acquisition earn-out payables		—			—			(1	)		—			—			—			—
Total expenses		28			27			34			46			137			33			74
Income before income taxes	$	(16	)	$	(13	)	$	(13	)	$	(33	)	$	(77	)	$	(23	)	$	(49	)


	Total
	Three months ended												Twelve months ended			Three months ended
(in millions)	March 31, 2024			June 30, 2024			September 30, 2024			December 31, 2024			December 31, 2024			March 31, 2025			June 30, 2025
REVENUES
Commissions and fees	$	1,237		$	1,154		$	1,155		$	1,161		$	4,705		$	1,385		$	1,249
Investment and other income		21			24			31			23			100			19			36
Total revenues		1,258			1,178			1,186			1,184			4,805			1,404			1,285
EXPENSES
Employee compensation and benefits		631			585			607			582			2,406			683			640
Other operating expenses		161			173			165			212			710			186			211
(Gain)/loss on disposal		2			(31	)		(1	)		(1	)		(31	)		2			—
Amortization		43			44			45			48			178			53			50
Depreciation		11			11			11			11			44			11			11
Interest		48			49			50			46			193			46			51
Change in estimated acquisition earn-out payables		(2	)		1			(8	)		11			2			(4	)		11
Total expenses		894			832			869			909			3,502			977			974
Income before income taxes	$	364		$	346		$	317		$	275		$	1,303		$	427		$	311