06:00 PM EDT, 10/22/2025 (MT Newswires) -- Brown & Brown ( BRO ) reported late Wednesday that its board has approved a share buyback of up to an additional $1.25 billion of outstanding common stock.

With the new authorization, the company said it will now have outstanding approval to buy up to approximately $1.5 billion of common shares in aggregate.

The share repurchases will be conducted via open market purchases, block trades, and accelerated share buyback plans of up to $250 million each.

The board also increased quarterly dividend by 10% to $0.165 per share, payable on Nov. 12, to shareholders of record on Nov. 5.