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Brown & Brown vs Erie Indemnity: BRO and ERIE compared
Brown & Brown is the larger company: $1.7B of revenue in its latest quarter (Q3 FY27) against $1.1B for Erie Indemnity (Q3 2026). Brown & Brown is growing faster (+7% against +0.3% a year earlier). Erie Indemnity is more profitable, with an operating margin of 19.4% against 18.6%.
Where the money goes: BRO and ERIE
Brown & Brown (BRO) · Q3 FY27
Brown & Brown, Q3 FY27: revenue $1.7B (+7% year over year), operating margin 18.6%, net earnings $240M, operating cash flow $532M. The chart follows the revenue to costs, profit and cash.
Erie Indemnity (ERIE) · Q3 2026
Erie Indemnity, Q3 2026: revenue $1.1B (+0.3% year over year), operating margin 19.4%, net earnings $182M, operating cash flow $213M. The chart follows the revenue to costs, profit and cash.
| Brown & Brown (BRO) | Erie Indemnity (ERIE) | |
|---|---|---|
| Latest quarter | Q3 FY27 | Q3 2026 |
| Revenue | $1.7B | $1.1B |
| Revenue growth, Y/Y | +7% | +0.3% |
| Operating margin | 18.6% | 19.4% |
| Net earnings | $240M | $182M |
| Net margin | 13.9% | 17.0% |
| Operating cash flow | $532M | $213M |
| Free cash flow | $493M | $185M |
| Market value | $23.9B | $14.3B |
| P/E | 23.2× | 24.8× |
| Analysts’ mean target | $74.78 | — |
Where the revenue comes from
Erie Indemnity
- Management fee revenue - policy issuance and renewal services: $847M (79%)
- Administrative services reimbursement revenue: $198M (18%)
- Management fee revenue - administrative services: $19.7M (2%)
- Service agreement revenue: $5.7M (1%)
Questions
Which is bigger, Brown & Brown or Erie Indemnity?
Brown & Brown is the larger company: $1.7B of revenue in its latest quarter (Q3 FY27) against $1.1B for Erie Indemnity (Q3 2026).
Is Brown & Brown or Erie Indemnity growing faster?
Brown & Brown is growing faster (+7% against +0.3% a year earlier).
Which is more profitable, Brown & Brown or Erie Indemnity?
Erie Indemnity is more profitable, with an operating margin of 19.4% against 18.6%.
More: Brown & Brown earnings · how Brown & Brown makes money · Erie Indemnity earnings · how Erie Indemnity makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.